Bilibili's (NASDAQ: BILI) stock recently hit an all-time high after it released its first-quarter earnings report on May 18. The Chinese tech company's revenue surged 69% annually to 2.32 billion yuan ($327 million), clearing estimates by $19 million.
However, its net loss widened from 195.6 million yuan to 538.6 million yuan ($76.1 million), or $0.23 per ADS -- which missed expectations by $0.09. On a non-GAAP basis, which excludes stock-based compensation and other variable expenses, its net loss still widened from 145.4 million yuan to 474.6 million yuan ($67 million).
Image source: Bilibili.