Bilibili (BILI US) – Focus on more sustainable growth
BiliBili total revenue was up by 11% YoY and 18% QoQ to RMB5.8bn in 3Q22, in line with consensus/our estimate of RMB5.7/5.8bn.
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Bilibili (BILI US) – User Base and Engagement Growth Are Crucial
Due to unexpected macro events in 2Q22, Bili’s revenue growth decelerated to +18.7% YoY in 1H22 (2021: 61.3% YoY) and adjusted net loss widened...
178 Views
Bilibili (BILI US) – Short-term pressure from macro uncertainty
Macro uncertainty/COVID disruptions and content delay might weigh on short-term topline recovery, while margin improvement trend intact in 2H22E.
388 Views
Tencent Music:We Estimate Value at USD 3.77 Per Share; Lower Than Many Expect - $11.7 B for TME
 In ANTYA’s view, TME is another IPO where investors need to pay attention to the valuation because like the online lending boom in China which...
926 Views
Tencent Music Entertainment Group– Competitors Aplenty Imply No Differentiation Except Moniker
Tencent Music Entertainment's (TME US)Â much-awaited IPO is currently being priced in the U.S. The more we look into TME, the more bearish we become...
984 Views