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<Research>G Sachs: BILIBILI-W (09626.HK) 4Q25 Results Beat; Rating Buy
BILIBILI-W (09626.HK)'s 4Q25 results beat expectations, with revenue amounting to RMB8.3 billion for the period, up 8% YoY, 2% ahead of both the expectations of Goldman Sachs/ ...
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<Research>G Sachs: BILIBILI-W (09626.HK) 4Q25 Results Beat; Rating Buy
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BILIBILI-W (09626.HK)  -4.100 (-2.245%)    Short selling $91.44M; Ratio 46.716%   's 4Q25 results beat expectations, with revenue amounting to RMB8.3 billion for the period, up 8% YoY, 2% ahead of both the expectations of Goldman Sachs/ market, Goldman Sachs released a research report saying.

Regarding the 2026 outlook, the report noted that BILIBILI-W's management was optimistic about healthy user growth and time spent growth, and was confident in the growth of advertising revenue, with 1Q26 a stable start.

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The benefits such as AI budget investment, improved advertising conversion rates and optimized recommendation systems are expected to continue to materialize.

Therefore, Goldman Sachs rated BILIBILI-W at Buy, with target prices of $266/ US$34.2 for BILIBILI-W's H-shares/ US stock.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-04-02 16:25.)

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