SHANGHAI (AP) _ Bilibili Inc. (BILI) on Thursday reported a loss of $137.9 million in its first quarter.
On a per-share basis, the Shanghai-based company said it had a loss of 39 cents. Losses, adjusted for stock option expense and non-recurring costs, came to 29 cents per share.
The Chinese video sharing website posted revenue of $595.4 million in the period.
For the current quarter ending in July, Bilibili said it expects revenue in the range of $648.7 million to $663.9 million.
Bilibili shares have increased 9.5% since the beginning of the year. The stock has more than tripled in the last 12 months.
The Associated Press