Bilibili Inc. files 20-F

Bilibili Inc. reported a net profit of RMB1.2 billion (US$170.3 million) for the fiscal year ended December 31, 2025, a significant improvement from the net loss of RMB1.4 billion in 2024. This turnaround was driven by a 13.1% increase in total net revenues to RMB30.3 billion (US$4.3 billion), primarily from advertising and mobile games, alongside a 1.3% decrease in total operating expenses.