Good day, and welcome to Bilibili Fourth Quarter and Fiscal Year 2025 Financial Results and Business Update Conference Call. Today's conference is being recorded. At this time, I would like to turn ...

Earnings call Bilibili reported Q4 2025 revenue of RMB 8.3B (+8% YoY) and achieved its first full-year GAAP net profit (RMB 1.2B), with gross margin expanding for the 14th consecutive quarter.

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