2024-03-08 14:30:43 ET
Summary
- Bilibili Inc. released its fourth-quarter earnings on Thursday, missing out on its bottom-line target.
- Bilibili stock's volatile behavior suggests investors are clearly in disagreement by Bilibili's earnings miss, which has become a common theme for the company.
- Although Bilibili's advertising and value-added services are growing, we think its gaming business can create an overhang.
- Key metrics such as the price-to-sales ratio and China's elevated market risk premium suggest that BILI stock is grossly overvalued.
Bilibili Inc. ( BILI ) released its fourth-quarter earnings report on Thursday. It beat its top-line estimates by $4.29 million . However, Bilibili missed out on its bottom-line target by four cents per share. Although Bilibili traded down in after hours, its stock rose sharply on Friday, sending mixed signals....
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Bilibili Stock Downgraded To Sell After Assessing Q4 Earnings