Bilibili: Net operating revenue in the fourth quarter was 8.32 billion yuan, a year-on-year increase of 8%.

Bilibili announcement: The net operating revenue in the fourth quarter of 2025 reached RMB 8.32 billion, a year-on-year increase of 8%. Advertising revenue was RMB 3.04 billion, a year-on-year increase of 27%. Net profit was RMB 514 million, a year-on-year increase of 478%. Adjusted net profit was RMB 878 million, a year-on-year increase of 94%. The total net operating revenue for the fiscal year 2025 reached RMB 30.35 billion, a year-on-year increase of 13%. Advertising revenue was RMB 10.06 billion, a year-on-year increase of 23%. Net profit was RMB 1.19 billion, compared to a net loss of RMB 1.36 billion in the same period in 2024. Adjusted net profit was RMB 2.59 billion, compared to an adjusted net loss of RMB 39 million in the same period in 2024.