Bilibili Faces Challenges in Next Few Quarters, Nomura Says -- Market Talk

Dow Jones

Feb 25, 2025

0335 GMT - Bilibili is likely to face challenges in the next few quarters, Nomura analysts Jialong Shi and Rachel Guo say in a research note. The company's blockbuster title "San Mou" will reach its one-year anniversary in 2Q, which could mean slower growth in the online gaming revenue generated as the base normalizes, the analysts say. Meanwhile, it is hard to identify another new title in the company's pipeline that could boast similar potential as "San Mou," the analysts say. Bilibili's advertising revenue growth is likely to decelerate in 2025 amid a still-weak advertising market and an unforgiving base effect, the analysts add. Nomura downgrades Bilibili to neutral from buy, but raises its target price on the ADRs to $25.00 from $20.00. The ADRs last closed at $20.53. (tracy.qu@wsj.com)

(END) Dow Jones Newswires

February 24, 2025 22:35 ET (03:35 GMT)

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The company's blockbuster title \"San Mou\" will reach its one-year anniversary in 2Q, which could mean slower growth in the online gaming revenue generated as the base normalizes, the analysts say. Meanwhile, it is hard to identify another new title in the company's pipeline that could boast similar potential as \"San Mou,\" the analysts say. Bilibili's advertising revenue growth is likely to decelerate in 2025 amid a still-weak advertising market and an unforgiving base effect, the analysts add. Nomura downgrades Bilibili to neutral from buy, but raises its target price on the ADRs to $25.00 from $20.00. The ADRs last closed at $20.53. (tracy.qu@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 24, 2025 22:35 ET (03:35 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bilibili Faces Challenges in Next Few Quarters, Nomura Says -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBilibili Faces Challenges in Next Few Quarters, Nomura Says -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-02-25 11:35</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0335 GMT - Bilibili is likely to face challenges in the next few quarters, Nomura analysts Jialong Shi and Rachel Guo say in a research note. The company's blockbuster title \"San Mou\" will reach its one-year anniversary in 2Q, which could mean slower growth in the online gaming revenue generated as the base normalizes, the analysts say. Meanwhile, it is hard to identify another new title in the company's pipeline that could boast similar potential as \"San Mou,\" the analysts say. Bilibili's advertising revenue growth is likely to decelerate in 2025 amid a still-weak advertising market and an unforgiving base effect, the analysts add. Nomura downgrades Bilibili to neutral from buy, but raises its target price on the ADRs to $25.00 from $20.00. The ADRs last closed at $20.53. (tracy.qu@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 24, 2025 22:35 ET (03:35 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4552","symbol_name":"Archegos爆仓风波概念","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2514033764","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2514033764","pubTimestamp":1740454500,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0335 GMT - Bilibili is likely to face challenges in the next few quarters, Nomura analysts Jialong Shi and Rachel Guo say in a research note. The company's blockbuster title \"San Mou\" will reach its one-year anniversary in 2Q, which could mean slower growth in the online gaming revenue generated as the base normalizes, the analysts say. Meanwhile, it is hard to identify another new title in the company's pipeline that could boast similar potential as \"San Mou,\" the analysts say. Bilibili's advertising revenue growth is likely to decelerate in 2025 amid a still-weak advertising market and an unforgiving base effect, the analysts add. Nomura downgrades Bilibili to neutral from buy, but raises its target price on the ADRs to $25.00 from $20.00. The ADRs last closed at $20.53. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4552":"Archegos爆仓风波概念","BK4127":"投资银行业与经纪业","NMR":"野村控股","BILI":"哔哩哔哩"},"translate_title":"野村证券表示，哔哩哔哩在未来几个季度将面临挑战——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"NMR":1,"BILI":1},"content_text":"0335 GMT - Bilibili is likely to face challenges in the next few quarters, Nomura analysts Jialong Shi and Rachel Guo say in a research note. The company's blockbuster title \"San Mou\" will reach its one-year anniversary in 2Q, which could mean slower growth in the online gaming revenue generated as the base normalizes, the analysts say. Meanwhile, it is hard to identify another new title in the company's pipeline that could boast similar potential as \"San Mou,\" the analysts say. Bilibili's advertising revenue growth is likely to decelerate in 2025 amid a still-weak advertising market and an unforgiving base effect, the analysts add. Nomura downgrades Bilibili to neutral from buy, but raises its target price on the ADRs to $25.00 from $20.00. The ADRs last closed at $20.53. (tracy.qu@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  February 24, 2025 22:35 ET (03:35 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}