BILI: New Content Development Driving The Development In Community and Commerce; Strong Live Broadcasting, Games And Show Business Driving Better 3Q20 Results
BILI will report 3Q20 results on November 18th after the markets close followed by an 8pm EST conference call. We are positive into BILI’s 3Q20 performance. Based on our data and model, we believe BILI’s revenue in 3Q20 is likely to outperform consensus at RMB3,068M (65.0% Y/Y growth), the high-end of its guidance range of RMB3,050M – RMB3,100M and our model. In the past year, centered around its content-community-commerce strategy, the company made good investments on multiple fronts and they are benefiting from such investment.