Hong Kong Stock Movement | Bilibili-W(09626) is up over 4%; quarterly adjusted net profit exceeded expectations; achieves full-year profitability for the first time

Caitong Finance APP reports that Bilibili-W (09626) is currently up over 4%. As of the latest update, it has increased by 4.15%, trading at HKD 205.8, with a turnover of HKD 800 million.

On the news front, Bilibili recently released its financial report. In Q4 2025, the company achieved revenue of RMB 8.32 billion, an increase of 8% year-over-year; adjusted net profit was RMB 878 million, up 94% year-over-year. The total annual revenue reached RMB 30.35 billion, a 13% increase year-over-year; adjusted net profit was RMB 2.59 billion, marking the company’s first full-year profit.

CICC Securities released a research report stating that the company launched the exclusive SLG game “Three Kingdoms: Strategize the World” in 2024, which performed well. Upcoming titles such as “Escape from Duckov,” “Shine On! Lummi,” and “Three Kingdoms Medal Collection” are expected to continue contributing to performance growth. The company’s advertising share across multiple industries has increased significantly, indicating strong commercialization potential. The report is optimistic about the company’s accelerated commercialization and the release of operating leverage, which will enhance profitability.