Citigroup Maintains Buy on Bilibili, Lowers Price Target to $26.5
Citigroup analyst Brian Gong maintains Bilibili (NASDAQ:BILI) with a Buy and lowers the price target from $27 to $26.5.
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Bilibili Q2 Adj. EPS $0.23 Beats $0.18 Estimate, Sales $1.170B Beat $1.160B Estimate
Bilibili (NASDAQ:BILI) reported quarterly earnings of $0.23 per share which beat the analyst consensus estimate of $0.18 by 27.78 percent. This is a 21.05 percent increase over earnings of $0.19 per share from the same
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What’s Next for Bilibili As Tencent Pivots From Shareholder To Creditor?
The video platform is planning a $700 million capital restructuring that turns Tencent from a core shareholder into a creditor through an equity-to-debt deal image credit: Bamboo Works Key
Bilibili Inc. Announces Proposed Offerings of US$700 Million Convertible Senior Notes, Concurrent Equity Placement and Concurrent Share Repurchases
Bilibili announced a $700 million convertible senior notes offering due 2031, with $200 million subscribed by Tencent. The company plans to use proceeds for AI-driven growth initiatives, share repurchases ($100 million for delta repurchase and $200 million for Tencent shares), and general corporate purposes. The offerings are subject to shareholder approval at an extraordinary general meeting.
Bilibili Announced The Proposed Offerings Of $700M In Aggregate Principal Amount Of Convertible Senior Notes Due 2031, Subject To Market Conditions And Other Factors, Including $200M Of The Principal Amount Of The Notes Subscribed For In The Tencent Notes Subscription