BILI stock just IPO’d back on March 28, 2018. Bilibili released its first earnings reports since IPO’ing on May 23, 2018. Revenue was up 105% YoY. Revenue came in at $138.4 million. Mobile game revenue rose 97% to $109.8 million, live broadcasting and valued-added revenue increased 151% to $15.3 million, advertising revenue rose 144% to $11.2 million, and other revenue increased 65% to $2.1 million.
The company is on pace to do $456 million in revenue in 2018.
Institutional ownership is up an incredible 380.26% over the last 3 months.
Finviz has the one-year target price set at $95.86.
I’m adding BILI to the long-term buy list. My best guess is that this is a $25 to $30 stock within the next couple of weeks.
Disclosure: As Premium members know, I bought BILI stock today.