BILI: Higher Level of Engagement and Participation Led To Positive Performance For 4Q19; Better Positioned Against Coronavirus Outbreak
BILI will report 4Q19 results on March 17th after the markets close followed by a 9pm EST conference call. We are positive into BILI’s 4Q19 performance and 1Q20 outlook. During the coronavirus outbreak in China, the participation and interaction levels of BILI’s UGC videos increased significantly. Its games and live broadcasting are also performing well. Based on our data and model, we believe the company’s revenue is likely to be higher than consensus at RMB1,974M, and higher than the high end of its guidance range of RMB1,930M – RMB1,980M.