Revenue of station B Q1 is 2.32 billion yuan, up 69percent year on year, and daily active users are 51 million yuan

category:Internet
 Revenue of station B Q1 is 2.32 billion yuan, up 69percent year on year, and daily active users are 51 million yuan


According to the financial report, in the first quarter, the average monthly active users of station B increased by 70% year-on-year to 172 million, the average monthly active users of mobile terminal increased by 77% year-on-year to 156 million, the average daily active users increased by 69% year-on-year to 51 million, the average daily use time of users climbed to 87 minutes, 10 minutes on month; the average monthly interaction number of communities reached 4.9 billion, three times of the same period last year.

On this basis, the monthly average number of paying users of station B increased to 13.4 million, a rapid increase of 134% year on year. Gross profit margin also climbed to 23% from 14% in the same period last year, achieving four consecutive quarters of growth. By the end of March, the number of large members in station B had reached 10.9 million, up 127% year on year.

In the first quarter, the number of active up masters in station B was 1.8 million, a year-on-year increase of 146%; the number of contributions in station B was 4.9 million, a year-on-year increase of 138%. The average daily video playback volume of users also reached a record 1.1 billion times, up 113% year on year.

On April 9 this year, station B announced that it had obtained Sonys $400 million strategic investment. This is another important strategic investor introduced by B station after Tencent and Alibaba. The two sides will also cooperate in animation, mobile games and other fields to meet the growing cultural and entertainment needs of users.

At the beginning of 2020, we have delivered an exciting report card. In the first quarter, not only monthly and daily users saw the highest growth after listing, but also the community activity reached a record high. The average daily use time of users jumped to 87 minutes, and the number of active up users and their contributions doubled year on year. Chen Rui, chairman and CEO of station B, said, these achievements are due to our long-term continuous efforts in content ecology, community experience and brand building. Im glad to see that station B has become the preferred platform for Chinese young users to create and consume high-quality video content. As of March 31, 2020, the total amount of cash, cash equivalents, time deposits and short-term investment held by the company is 7.9 billion yuan, and the abundant cash reserves ensure the long-term investment of station B in content and technology research and development. The net loss of non GAAP adjusted in the first quarter of station B is RMB 470 million, regardless of the cost of employee equity incentive and amortization cost related to intangible assets formed by M & A. In the financial report, station B looks forward to the second quarter of 2020 revenue, which is expected to reach 2.5 billion yuan to 2.55 billion yuan. (Peng Lihui) extend reading to Cheng Wei and start the war again: didi enters into freight transportation and orders to recruit drivers to raise at least $25 million in IPO! Its said that Nasdaq should strictly control the wave ahead of the listing of Chinese enterprises. There are 40 million more users in station B in a single quarter, but they are not afraid of losing 500 million. Source: Netease technology report editor in charge: Wang Fengzhi ufe64 nt2541

At the beginning of 2020, we have delivered an exciting report card. In the first quarter, not only monthly and daily users saw the highest growth after listing, but also the community activity reached a record high. The average daily use time of users jumped to 87 minutes, and the number of active up users and their contributions doubled year on year. Chen Rui, chairman and CEO of station B, said, these achievements are due to our long-term continuous efforts in content ecology, community experience and brand building. Im glad to see that station B has become the preferred platform for Chinese young users to create and consume high-quality video content.

As of March 31, 2020, the total amount of cash, cash equivalents, time deposits and short-term investment held by the company is 7.9 billion yuan, and the abundant cash reserves ensure the long-term investment of station B in content and technology research and development. The net loss of non GAAP adjusted in the first quarter of station B is RMB 470 million, regardless of the cost of employee equity incentive and amortization cost related to intangible assets formed by M & A.

In the financial report, station B looks forward to the second quarter of 2020 revenue, which is expected to reach 2.5 billion yuan to 2.55 billion yuan. (Peng Lihui)