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BUZZ-Bilibili's Hong Kong shares jump as Q4 profit beats estimates

ReutersFeb 21, 2025 2:39 AM

Hong Kong shares of Chinese mobile games group Bilibili 9626.HK jump as much as 9.5% to HK$169.5, on course for the biggest one-day gain since February 14

Stock on track to snap two consecutive session of fall; third-biggest gainer in Hang Seng Tech Index .HSTECH, which is up 3.5%

U.S.-listed stock BILI.O rose 8.8% to end at $22.11 on Thursday, their highest close since December 9

Co reported Q4 adjusted EPS at 1.07 yuan ($0.15), above estimates of 0.95 yuan, and Q4 revenues from advertising were 2.39 billion yuan ($327.2 mln), up 24% YoY

Citi maintains "Neutral/High Risk" rating on Bilibili amid weakening momentum over gaming and valuation being a bit stretched, while it lifts TP to $23 from $20.5 due to re-rating in the China internet sector and see ads growth as decent

Hang Seng Commerce & Industry Index .HSNC rises 3.4%, Hang Seng Index .HSI adds 2.2%

Bilibili Hong Kong stock up 18.2% YTD, U.S. shares up 22.1% YTD

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