To the full analysis
Bilibili stock: growth
BILIBilibili reported $4.55B in revenue for fiscal 2025, up 13.1% on the prior year, up 20.4% a year on average over up to five years.
Daily figure as of 13 Nov 2026
Revenue (Annual rate)
72.4%
per year from 2015 to 2025, per share 41.4%
Earnings (Annual rate)
no data
Free cash flow (Annual rate)
no data
Growth per year by period
What reaches shareholders is growth per share: buybacks lift it, new shares dilute it.
| since 2020 | since 2015 | |
|---|---|---|
| Revenue | 20.4% | 72.4% |
| Revenue per share | 15.9% | 41.4% |
| Earnings | no data | no data |
| Earnings per share | no data | no data |
| Free cash flow | no data | no data |
| Free cash flow per share | no data | no data |
Fiscal years at a glance
How revenue and earnings grow
- Revenue
- Earnings
- Free cash flow
Figures as a table
| Year | Revenue | Earnings | Free cash flow |
|---|---|---|---|
| 2015 | $19.64M | −$55.72M | −$50.5M |
| 2016 | $78.48M | −$136.48M | −$73.09M |
| 2017 | $370.18M | −$27.56M | −$24.93M |
| 2018 | $619.19M | −$82.74M | −$89.44M |
| 2019 | $1.02B | −$193.3M | −$205.5M |
| 2020 | $1.8B | −$451.65M | −$222.83M |
| 2021 | $2.91B | −$1.02B | −$949.91M |
| 2022 | $3.28B | −$1.13B | −$997.22M |
| 2023 | $3.38B | −$723.18M | −$159.49M |
| 2024 | $4.02B | −$201.97M | $638.81M |
| 2025 | $4.55B | $178.99M | $797.78M |
Revenue by segment
How Bilibili Inc. makes its money and how that has shifted. Names are as the company reports them.
- Value Added Services39%
- Advertising33%
- Mobile Game Services21%
- Other6%
“Other” combines smaller and former segments with revenue the company does not assign to a segment. Names as reported, with abbreviations spelled out for the largest companies.
Figures as a table
| 2023 | 2024 | 2025 | Share 2025 | |
|---|---|---|---|---|
| Value Added Services | $1.49B | $1.65B | $1.79B | 39.3% |
| Advertising | $961.58M | $1.23B | $1.51B | 33.1% |
| Mobile Game Services | $603.03M | $841.35M | $958.97M | 21.1% |
| Other | $327.63M | $304.86M | $294.89M | 6.5% |
| Total revenue | $3.38B | $4.02B | $4.55B | 100% |
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Currency
- Amounts in US dollars, converted at the ECB reference rate of 12 Nov 2026 ($1 = CN¥6.6683)
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Weak, published since 7 Nov 2026 (in the score history since 13 Feb 2026)
- Valuation signal Fairly valued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.