#5 - Bilibili (NASDAQ:BILI)
Speaking of Bilibili (NASDAQ:BILI), BILI stock is up over 100% for the year. Like a lot of Chinese companies, it seems that analysts can’t help but call companies, “the Chinese version of (fill-in the blank).”
Some of these are a stretch (see Alibaba) but in the case of Bilibili calling it “the YouTube of China” is apt. The one exception is that BILI caters to a younger core audience. This is reflected in its heavy dosage of anime cartoons.
And the stock is up because Chinese consumers have been stuck at home. And these consumers have flooded to platforms such as Bilibili. And as the platform draws more customers, it also draws more subscription dollars and ad revenue.
In May, Bilibili missed on earnings, but by every other meaningful metric delivered a stellar report. They brought in revenue of $327 million that was 69% higher than the same period in the year prior. Average monthly active users (MAUs) showed a 70% YOY increase as did average monthly active mobile users which were up 77%. And in the all-important average monthly paying users, the company also saw a 134% YOY increase.
About Bilibili
Bilibili Inc provides online entertainment services for the young generations in the People's Republic of China. It offers a range of digital content, including professional user generated videos, mobile games, and value-added services, such as live broadcasting, occupationally generated videos, audio drama on Maoer, and comics on Bilibili Comic.
Read More - Current Price
- $16.83
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 11 Buy Ratings, 3 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $19.69 (17.0% Upside)
