Bilibili’s average monthly active users (MAUs) reached 197.2 million, and mobile MAUs reached 183.5 million, representing increases of 54% and 61% respectively, from Q3 2019.
Bilibili’s average daily active users (DAUs) reached 53.3 million, a 42% increase from Q3 2019. And, the average monthly paying users reached 15.0 million, an 89% increase from Q3 2019.
Bilibili reported 74% YoY increase in net revenues and reached RMB 3,225.7 million (US$475.1 million) in Q3 2020.
Revenues from mobile games were RMB1,275.1 million (US$187.8 million), representing an increase of 37% from Q3 2019. The increase was primarily due to the successful newly launched mobile games.
Live streaming and VAS revenues were RMB979.6 million (US$144.3 million), representing an increase of 116% from Q3 2019, mainly attributable to its enhanced monetization efforts, led by increases in the number of paying users for the premium membership program, live streaming services, and other value-added services.
Advertising revenues were RMB557.5 million (US$82.1 million), representing an increase of 126% from Q3 2019. This increase was primarily attributable to the increasing number of advertisers.
E-commerce and others revenues were RMB413.4 million (US$60.9 million), representing an increase of 83% from Q3 2019, primarily attributable to the increase in sales of products through the Company’s e-commerce platform.
Net loss was RMB1,100.9 million (US$162.1 million), compared to RMB405.7 million in the same period of 2019.
Basic and diluted net loss per share was RMB3.08 (US$0.45), compared to RMB1.24 in the same period of 2019. Adjusted basic and diluted net loss per share were RMB2.76 (US$0.41), compared to RMB1.05 in the same period of 2019.
As of September 30, 2020, it had cash and cash equivalents, time deposits, as well as short-term investments of RMB14.1 billion (US$2.1 billion), compared to RMB8.1 billion as of December 31, 2019.
For the fourth quarter of 2020, Bilibili currently expects net revenues to be between RMB3.60 billion and RMB3.70 billion.