Nasdaq-listed Bilibili reports record high Q3 revenue, up 74%

SHANGHAI -- Chinese online entertainment platform Bilibili Inc notched up a total net revenue of 3.23 billion yuan ($493.3 million) in the third quarter (Q3) of 2020, up 74 percent year-on-year.

Average monthly active users (MAUs) reached 197.2 million, representing a increase of 54 percent from the same period of 2019, according to a statement from the company.

Its revenue from mobile games totaled 1.28 billion yuan, up 37 percent, while revenue from advertising jumped by around 126 percent to 557.5 million yuan, according to the statement.

The company expects its net revenue to be between 3.6 billion yuan and 3.7 billion yuan for the fourth quarter of 2020.