Shares of China's digital entertainment website operator Bilibili (NASDAQ: BILI) are lower by 14.9% as of 12:01 p.m. ET on Thursday after the company announced it intends to raise funds by issuing new convertible debt.For the second day in a row, Bilibili shares are being battered.
Why is Bilibili’s share price down?
Shares of Bilibili (NASDAQ: BILI) (HK: 9626) are down over 2.5% in pre-open Tuesday after Hong Kong-listed shares tumbled more than 10%. A few days ago, China’s regulator banned live streams of unapproved video games and streams of games and esports events outside of the country.
Will Bilibili stock get delisted from American exchanges?
Investors weigh the heightened risk of the stock getting delisted from American exchanges. Shares of Bilibili ( BILI 1.92%) were down 11.7% week to date through Thursday's close, according to data provided by S&P Global Market Intelligence.
Should you buy Bilibili stock in 2021?
Despite strong growth, the stock is currently down 85% from its all-time high reached in early 2021. The company has been listed on the Nasdaq Stock Market since March 2018. If Bilibili can remain compliant with U. S. listing rules, there would obviously be enormous upside in the stock.
Is Bilibili (Bili) down 11% week to date?
Shares of Bilibili ( BILI 1.92%) were down 11.7% week to date through Thursday's close, according to data provided by S&P Global Market Intelligence.
Why is Bilibili down?
NASDAQ: BILI The Chinese government had cracked down on video games as part of its policy to restrict unhealthy cultural influences and what it sees as addictive behavior in video games.
Is Bilibili a good buy?
Currently, Bilibili Inc - ADR's price-earnings ratio is . Bilibili Inc - ADR's trailing 12-month revenue is $2.9 billion with a -35.0% profit margin. Year-over-year quarterly sales growth most recently was 50.5%. Analysts expect adjusted earnings to reach $-15.982 per share for the current fiscal year.
Why is Bilibili so popular?
Since the mid-2010s, Bilibili began to expand to a broader audience from its original niche market that focused on animation and games, and it has become one of the major Chinese video on demand over-the-top streaming platforms that programs critically acclaimed and popular documentaries, variety shows, and other ...
Is Bilibili overvalued?
Compared to the current market price of 29.71 USD, Bilibili Inc is Overvalued by 63%.
How high can BILI stock go?
Bilibili Inc (NASDAQ:BILI) The 39 analysts offering 12-month price forecasts for Bilibili Inc have a median target of 39.41, with a high estimate of 66.01 and a low estimate of 19.29. The median estimate represents a +57.75% increase from the last price of 24.98.
How can I invest in Bilibili?
How to buy shares in BilibiliCompare share trading platforms. Use our comparison table to help you find a platform that fits you.Open your brokerage account. Complete an application with your details.Confirm your payment details. ... Research the stock. ... Purchase now or later. ... Check in on your investment.
Is Bilibili Chinese YouTube?
Bilibili is a YouTube-like video sharing website based in Shanghai, China. Launched in 2009, the company originally positioned itself as an online home for teenage fans of anime, comics and games.
Is YouTube banned in China?
Even though YouTube is blocked under the Great Firewall, many Chinese media outlets, including China Central Television (CCTV), have official YouTube accounts. In spite of the ban, Alexa ranks YouTube as the 5th most visited website in China.
Who owns Bilibili?
Bilibili CEO Chen Rui said earlier this year that the company aims to double its monthly active users (MAUs) over the next three years, reaching 400 million by the end of 2023.
What happened
Shares of China's digital entertainment website operator Bilibili ( BILI -2.87% ) are lower by 14.9% as of 12:01 p.m. ET on Thursday after the company announced it intends to raise funds by issuing new convertible debt.
So what
For the second day in a row, Bilibili shares are being battered. The stock tumbled 9% on Wednesday after the company reported mixed third-quarter numbers and disappointing revenue guidance for the quarter currently underway.
Now what
The decision to raise funds by issuing convertible debt is obviously less than ideal for existing shareholders. The timing of the news, however, may have more to do with Thursday's sharp sell-off than the news itself.
What happened
Shares of Bilibili ( BILI -9.45% ) were pulling back today after the Chinese tech company missed the mark in its third-quarter earnings report.
So what
Bilibili, an online video and entertainment company, said that revenue in Q3 rose 61% to $808 million, which was slightly below estimates at $809.9 million.
NASDAQ: BILI
Usage metrics pointed to solid growth as monthly active users (MAUs) increased 35% to 267.2 million, and mobile MAUs rose 36% to 249.9 million. Mobile gaming revenue growth was sluggish at 9% to $216 million as the company has faced headwinds from a regulatory crackdown on video games.
Now what
Looking ahead, Bilibili called for fourth-quarter revenue of $890 million to $910 million in line with estimates at $898.2 million and representing an increase of 52%. The slight miss on revenue doesn't seem like enough of a reason for the stock to fall nearly 10%, nor does the continued sluggish growth in gaming.
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What happened
Shares of China's digital entertainment website operator Bilibili (NASDAQ: BILI) are lower by 14.9% as of 12:01 p.m. ET on Thursday after the company announced it intends to raise funds by issuing new convertible debt.
So what
For the second day in a row, Bilibili shares are being battered. The stock tumbled 9% on Wednesday after the company reported mixed third-quarter numbers and disappointing revenue guidance for the quarter currently underway.
Now what
The decision to raise funds by issuing convertible debt is obviously less than ideal for existing shareholders. The timing of the news, however, may have more to do with Thursday's sharp sell-off than the news itself.
What happened
Shares of Chinese online entertainment platform BiliBili Inc. (NASDAQ: BILI) tumbled on Thursday despite no meaningful company-specific news. This may be a reaction to the stock increasing in value too quickly, with shares doubling between early May and mid-June. BiliBili stock was down about 12.7% at 11:30 a.m. EDT.
So what
Shares of BiliBili rose from around $10 per share in early May to more than $20 per share a few days ago. The company's first quarterly report as a publicly traded company in late May helped fuel the rally. The company is growing extremely fast, with revenue more than doubling in the first quarter on a year-over-year basis.
Now what
BiliBili is not the only Chinese internet stock to rocket higher over the past couple of months. Streaming company iQiyi saw its stock double in just 30 days, an even more impressive feat given its market capitalization of nearly $30 billion.
At first glance, there wasn't any real reason for this big price drop. It all makes sense from a slightly longer-term perspective, though
Anders Bylund is a Foolish Technology and Entertainment Specialist. Where the two markets intersect, you'll find his wheelhouse. He has been an official Fool since 2006 but a jester all his life.
What happened
Many Chinese companies saw their stocks fall on Monday, amplifying a generally weak market day due to high-level political pressure between China and European governments.
So what
Bilibili had no particular news of its own today, like most of the falling Chinese tickers. The Wall Street Journal reports that the European Union will join the U.S. government in pressuring Chinese and Russian leaders about their human rights policies.
Now what
The price drop does make sense from a valuation perspective. Bilibili's stock has gained 414% over the last year, and that figure includes Monday's sudden correction. The company is not profitable, but the active user base grew 42% year over year in the third quarter while revenue jumped 74%. Bilibili's next quarterly report is due on Wednesday.
