Chinese gaming giant Bilibili’s loss widens as costs spiral

Chinese gaming giant Bilibili’s loss widens as costs spiral

Bilibili had 202 million average monthly active users in the fourth quarter, with 17.9 million paying users.

Nasdaq-listed Bilibili Inc. saw a widening loss in the first quarter this year, as the Chinese video-streaming and mobile gaming giant spent big to lure users in an ultra-competitive market depressed by the Covid-19 pandemic.