BILI - Earnings call transcript Q2 2024

Due to licensing restrictions, you must log in to view earnings call transcripts.

Operator

Good day, and welcome to the Bilibili Second Quarter 2024 Financial Results and Business Update Conference Call. Today's conference is being recorded. At this time, I would like to turn the conference over to Juliet Yang, Executive Director of Investor Relations. Please go ahead.

Juliet Yang

Thank you, operator.

discuss outlook we'll statements. make call, this our and business forward-looking During comments predictions our based expectations These on today. and are as of or of the Stock most risks recent materially Hong differ uncertainties including news Kong this results with in mentioned and due events our mentioned discussion number today's in release the from a Exchange. to filings those in and Actual those could SEC and

are reconciliation The these for are measure non-GAAP provide comparison of news our will The the earlier measures only. in and issued today. table purpose available definition we financial release

recorded. As a reminder, this conference is being

In webcast call Bilibili conference addition, presentation an on website IR investor and replay of the available be a this ir.bilibili.com. at will

Executive from are Fan, Vice senior management Li, today and Chairman Chairwoman Mr. of us the of Officer. Operating Financial Bilibili Sam Ms. and Mr. Officer; Officer; and Board Carly Chen, Joining Chief Chief Chief Rui the Board

Mr. prepared Chen. I over call will to will Mr. of who behalf the turn now on Fan, read the remarks

Xin Fan

you, top pleased Thank I'm quarter Chen. solid margins our results results. you, operating of Julie, and on opening financial healthy and behalf improved accelerated to second everyone, for conference development. remarks delivered call XXXX with Mr. in deliver discuss line today's second to growth. We our participating and quarter thank community

the quarter, increased In billion. our by revenues XX% total X.XX second year-over-year to RMB

XX% also business [indiscernible] community. increasing growing higher-margin from year-over-year. by profit the ad across Our services to and of execution advertising a boosted XX% year-over-year, XX% our unlocking by gross our by The advertising in increased testament from XX% with revenue efficiency revenues commercialization our our games strong business revenue and this is value-added games led our our Increased and value year-over-year, lives growth momentum and respectively.

quarter, XX.X% loss X.XX adjusted adjusted generated flow significantly consecutive and the billion in by Gross improvement. from XX%, profit cash respectively, the in loss of record last period quarter. second we and marking net year-over-year. the quarter operating operating to we RMB narrowed up in our eighth same year, Moreover, the second margin in rose XX.X% margin Consequently, XX% a

QX this we balance Our million With profitability target are the deferred increased confident progress, QX. from to end quarter by achieve XXX continue we end in our the also our non-GAAP of improve of that revenue year RMB third can the this thereafter. breakeven and at of

XXX been XXX year-over-year, our While our quarter, X% financial continues our strive. by the DAUs we accelerating performance, million community reaching to In the million. increased grew to and have MAUs second

user our spending Our at average daily minutes of highly community engaged with on XX remains platform.

As we and terms anniversary. move On user summer into engagement in we retention. see season, to we celebrated of Bilibili's seasonality XX, the June XXth continue strong

past XX% plus China become consumer a XX This us has years, Z society. destination opportunities brought tremendous a the journey our Gen has major Over force of for nearly become these platform regular as population. users have in

have advertising to in We the infrastructure our we enhance evolving as it growth consumption needs. seen our facilitate

audience. in deeply reinvent younger the business to strategy We we our resonate have preference more it seen with game of as

unlock to service. over in pillars connect of to With interest more core community content individuals our satisfy value like founding committed needs to good our I welcoming community, commercialization shared evolving and to detail. for would discuss build their of we the vision [indiscernible] and overview, to to talented content, that and continue we for our As large and home creators a remain

and Beginning community. with content

average the high-quality second views to quarter Our content daily prove XX% strategy over to generate billion. to to beneficial. encourage more year-over-year increased In by creators video X.X continue

all growth increasing technology XX% video to views, continued as in solid Our categories year-over-year. such leading and content over games, by knowledge show

cosmetics appliance and year all continued ago. quarter. grew with Video fashion Meanwhile, more and XX% a views by also the in automotive surge users categories home to than period demand in in the second and compared consumption-related same decoration,

We provide Bilibili. monetization the first to channels X.X and half In on content of creators creators. our incentivize million effective diversified income content continue received to XXXX, about

total increased from premium our users. by products programs and ads income Notably, received year-over-year. our such XXX%, by products been over products [indiscernible] innovative content VAS and content-based year-over-year. over X increased total XXXX, creator through courses XX% creators half first have well XX% and as the In by charging our Content income of respectively, these

quarter. second at community matrix our Looking in the

increased minutes DAU interactions XX compared year, the period XX XX% total with number the XX% their spent year-over-year. end same up with to and by XX-month an Our us last XX%. By in year-over-year, spend billion time average increased retention million driving by of Monthly around in members official XX.X at second of the by quarter. strong remained XXX rate million, the exceeding our year-over-year of QX, XX% user

XXX,XXX unparalleled we signature MicroLink And Bilibili in people the participant to generation. together across World bring and to our third once growing influence travel-related community Moreover, events, a this [indiscernible] event, Bilibili consumption. among the line, than young enthusiasm in in Shanghai. heard our traveled leading off-line country shows Shanghai our More again, The

commercialization our business Now, I'd in like each to lines. of talk progress about our

our our and content is further the improved ad In do all the right commercial we And ad on to right as disposable advertising business. their our quarter, Bilibili. the match need users more First, infrastructure user. more products increase is value demand on in with and to consumption-related with force second our efficiency. ad mature seek there. income, to The we

year, capabilities further continue improve preferences, understand and half placement invest on advertisers maturing the placement enhance over system, of to better consumption year-over-year. Specifically, Bilibili. we conversion users' to and the efficiency. ad ad our to capabilities, behaviors and we teams platform more of our retaining our our Moreover, enabled by featuring attracting our ad number which us and In increased upgraded on XX% the user-friendly first advertisers modeling enhance

help in We place user advance Food to Meanwhile, maintaining automotive and easily initiatives more Industry-wise, we automatically. incorporated content, advertising our native our in allowing and and and further ad quarter. advertisers e-commerce, the top experience. more materials plan video advertisement these second were expand load quarters [indiscernible] following style to while more verticals us games, X mobile and our home add digital products create appliance. the

verticals strong Our deliver performance. continue to anchor

revenue Besides verticals. During platform, and services, the and from year-over-year increased commerce we the our over emerging verticals, but not also incremental budget secured festival, different education from Internet live quarter. saw video only shopping merchants more AI Total ad or directly from from ad increased period. from XXX% the during e-commerce we also leading In and in second online [indiscernible] meaningfully. verticals. GMV by revenues

year-over-year to RMB by and X.XX our second growth quarter to strategy billion, [indiscernible]. Turning [indiscernible] the game, in the excellent performance Game our led resumed game game XX% of business. revenues launched ACG by recently

and game steady [indiscernible] also Our the demonstrated remarkable titles contributed longevity. revenues

celebrated returned to anniversary FGO XX its chart As the on July. top game eighth the it iOS in grossing

celebration monthly reached to anniversary. commitment with in We peak San of were high-quality strategy a long-term the of active users immediately trend And new This an see Mou, strengthened our our first delighted games. June game a [indiscernible], for X-year to the operation broadbruster. become

new the of chart, history iOS day battlefield. X that Mou billion [indiscernible] [indiscernible] On has on first title fastest the game of game the operating ranking set the being to San record X gamers the hit a millions also launch attracting [indiscernible] top our mark. RMB in first

chart. will the season August it and us X SLG success give top cycle size that longevity. of The grossing market, game confidence Mou SLG second X, the early nature San the to of become enduring Mou iOS returned launch of long games flagship on life games San game on the of decent our the the the within of one With

community our game expanded general business. of as year, and Mou has as a success the the strategy vast shows Over in our our marks gamma base. soon San our exponentially potential breakthrough diversification

continue leading community gaming reinvent generation significant role top of for new will our gamers. our We leveraging games capitalization, the and opportunities a to as

from Revenues X.XX Turning to to XX% increased by year-over-year billion. our RMB VAS business VAS business.

continue live interest. cater broadcasting to ecosystem diverse add broadcasting We content the our PUGV to and reinforcing use synergies offerings, better the live to between more

and Gen directly winning opportunities content for users other business We increasing will explore to our needs also further they as plus pay our have in Z demonstrated VAS love. the

members [indiscernible] premium subscribing end them loyalty platform. over showing of continued our their Our million to of second continued or packages, in the XX.X reaching renew by trust XX% increase, to and annually with quarter,

also creation. Users content rapidly fan in other second grew spending the VAS product quarter, [indiscernible] courses, our our premium particularly in

users products believe these to content PUGV potential open expect more content good starting bring potential. our just show across people We to We can are our massive the future. of monetization in value community the together and its and universe

results [indiscernible] community from our Our solid us one place and second away is quarter profitability. step just

for will brief the Mr. now Bilibili forward are to the overview next our financial quarter of to results remarks. move We XXXX. level. Chen's of take a provide I excited second This concludes and

refer For our encourage at financial earlier results, our we to press issued release a today. look closer you

a otherwise reminder, are As all noted. unless RMB, amounts in

our second quarter, considerably across year-over-year we capabilities margins revenue growth our we accelerated the expand and our losses. business. narrowed continue time, the At In to same core advanced further delivering our commercialization

improvements were efficiency. second up our in quarter for growth were financial XX% these Total of revenues funded line All increased top year-over-year. with RMB the billion, X.XX

XX% for advertising, stream business. X% revenue and VAS, games derivatives approximately of QX our Our IP by XX% XX% breakdown total mobile was revenue other and

RMB billion XX% year-over-year second of the billion. cost rose quarter, profit by X% while Our increased to in X.X gross RMB to revenues our year-over-year X.X

period same QX, year. reached XX.X% last margin profit in the XX.X% up gross Our in from

G&A Our billion, XX% expenses expenses down by expenses X.X to were billion quarter. reduced XXX RMB the increased R&D in to operating was XX% Sales RMB expenses. marketing total new year-over-year year-over-year. expenses mainly due RMB related RMB to expenses and down both year-over-year game increased X% marketing second X count the XXX million, head XX% million, for launch. down were to year-over-year,

and respectively. Reducing RMB and RMB million adjusted [indiscernible] adjusted losses loss narrowed second in our million to year-over-year, We and the XXX quarter. loss our operating by net XXX XX%

we in quarter flow quarter the total period half X% cash adjusted ratio ago. year generated from XX% and billion billion the in to a the in operating second positive flow operating of loss Our X.XX of year. same the flow-wise, come record first in in net in positive the a Cash RMB down X.X cash a RMB second

end strong achieve by As I profitability sustainable at RMB million thereafter. from next by the increased our the driven our a also revenue business, QX, to solid from games target breakeven balance performances path QX a of quarter and XXX earlier, of mentioned ad end non-GAAP our the driving deferred and

USD equivalents, deposits open and XX, investments for RMB Operator, and As of had XXXX, to would go we term or you attention. like questions. call cash the of We XX.X to your June cash ahead. now please Thank billion X.X billion. short-term your

Operator

from Chen your Daniel [Operator question line the of of Instructions] question. comes First ask Please JPMorgan.

Unknown Analyst

which year-over-year. on the advertising. XX% see question quarter second very is the the strong. is my We very growing in Language] So robust, that [Foreign growth advertising was about

maybe So share And growth driver you could we half? the how behind? expect the advertising should for also, the key second

Unknown Executive

XX% for [Foreign growth consecutive environment, exceeded of commercial see achieved the revenue is quarterly challenging with several has revenue. [Foreign X can quarters the one Language] In Bilibili's very the behind about that first that Bilibili's macro quarter traffic you for time users. are reason is the And that second business our and X/X total Language] As very year-on-year is our a and secondly growth contributing company's RMB that unlocking advertising a billion value healthily. of revenue fundamental we continuously advertising growing

using average X% views being our has commercial growing stage and released. are our showing of XX% by and XX. the growth traffic. [Foreign is second Language] Over needs video by where spending quarter, in Language] [indiscernible] are young a the XX% our year-over-year continued billability user China's power consumption This reached grew rapidly of while in generations age [Foreign year-over-year, and the increased

consumption-related and infrastructure and in [indiscernible] the evident in in first reason, better that to maternity content of to X Language] And experienced year-over-year, is while do comprehensive categories our industry-based marketing decor as growth is a fundamental the to in infrastructure such platform we the of to and real beauty Language] This half video solutions. [Foreign we multiple of booming several all by the Language] In implemented of advertising with home year-over-year the solutions. [Foreign QX refers verticals enhancement views users over from Language] On horizontal automotive, refers daily fashion and year, what between over increased the XX%. [Foreign vertical to [Foreign industry-based upgrades infrastructure growth the match our modules. advertiser the need of this estate, categories top the XX% baby in demand

for upgraded a For XX% performance-based key half we PC on And such, this first and in KA our by placement provide as advertisers placement the of tools example, year-over-year. the platform the one-stop number year, of increased accounts.

Language] our center AIGC after improvement. [Foreign achieved XX% and newly over technologies terms of to advertisers creative launched helps materials, active the materials [Foreign Language] In their year-over-year application ad app diagnose of improve our optimization, CVR and

Now verticals products QX, from advertisers and automotive our beverage food let's mobile e-commerce, in home at X and look take top our appliances, industry digital came and a games, sectors.

take a secured open the integrated XX transaction-based With festival, shopping a loop marketing closer budget. e-commerce during have this [Foreign sectors. Language] I advertising strategy as and larger we e-commerce e-commerce and at merchants our as collaborations look with the of well deepened June year's share platforms consistent

XXX% the period, commerce [Foreign advertisers Language] During and live by on and over increased June of XXX% year-over-year. number our XX from by billability year-over-year the over increased video GMV

Language] XX% specifically of the customers. for sector, over new and customers to baby different that the verticals XX% the brought we new And in to bought [Foreign merchants users of material them. we with

have second that our -- and number this in first users [Foreign nearly Language] and content, live our XX% e-commerce-related video Language] On year-over-year. [Foreign million the advertising, increased watched transaction-based the XX in quarter, by

the by of In engaged videos by life in increased And year-over-year. XXX% over content e-commerce daily over grew and average commerce-related the XXX% creator video QX, number year-over-year.

[Foreign Language] the of sessions rose year-over-year. [Foreign XXX% live Language] And by number e-commerce

potential also Xx gradually second increased in GMVs is consumption quarter. unlocked. of apparel of year-over-year which our female constitutes the bibs users, near communities The half over in

[Foreign and second growth the about year, behind the above-industry an Language] We've quite its of -- into advertising rate. half we're quarter second maintaining this average and a take we -- look talked driver in confident look if

in solutions, on not the hand, and hand, our will to enhancing is we product one show effect. being its vertical services, Language] On market in are by industry of And online key [Foreign continue improved, optimization infrastructure outcome other looking our industry incremental we such but expand as baby and care growth also to only share emerging health achieve verticals industries, education, and maternity.

also emphasize [indiscernible] consumers. [Foreign that commercialization content are more We creators to our on we to wanted community growth. earn Language] are can advertisement in show earn efforts, they relied money growth parallel our our can a money I pursue directly meaning content on from because just unique support appreciation. [Foreign users been spend spend to from advertisers, we community, Language] Because was Language] Lastly, revenue have that not their aspect, [Foreign never that our on can we we inclined to love and or strategy only Bilibili's

platforms growth. great meaning believe still support sum To time, pursuing a drive and hand. be our the continue our the to same premium we mobile membership, growth. We'll combining up, BXB in our the games, strategy on parallel advertising one on [indiscernible] will sustainable reinforce At business advertising is live potential we to broadcasting, revenue XC will there together

Operator

from comes Next question Liu of UBS. Felix

Felix Liu

[Foreign Language]

translate or that on Let your launch? the Could what genres cycle. to for expectations future? game's drivers ahead, [indiscernible]. management more strong quarter and looking of lifetime game's me Congratulations are are in share And the the further future successful launch myself. the your you what the plan expand And successful of invest

Unknown Executive

Language] [Foreign

players. millions Language] indeed among blockbuster year. first of is game attracted user gaming this influence the new a only very have good not the feedback The also [indiscernible] also a large We've industry. [Foreign and half We in of accumulated

revenue. [Foreign records history RMB Language] scheme the in broke game launch, X surely [indiscernible] several operation billion on for reach entire top top become maintain history in afterwards. operation chart ranked the our [indiscernible] and its after among quickly the XX to it grossing in in X Bilibili's the game fastest iOS month And also top

time game's starting X, Since of X genre, for [indiscernible], operations. season. launched time. last long-term of a we year, an operating for [indiscernible] we've a been especially for perfect game And from second emphasizing period genre the the the August game in importance And is extended longer

sustained has this us X given strong make very retention good to Season the an title. rate. now, of confidence gamers this with performance enthusiast evergreen a And and As as flat of

have Language] Many Mou me [Foreign we San people asked why have this game. work picked

in the and the invested in think of accident. is game under the game we This in to long team this of And the of younger XXXX. and period thinking making result continuous of in It's games is time saw a decision-making. new by back to We XXXX. our also the strategy catering this not games, I development of success in reinventing strategy -- generation. the effort actually

our Language] Starting continue over more also gamers. And They gamer as from XXXX, grew our to They than gamers. different MAU ACG by circle categories. XXX%. included expand. [Foreign expand love They we are multiple

social and our community we an have large products very art history, million the fits is our demographics, categories. [Foreign and Those gamer market, in ago, of SOG the with market such just have active convinced we cover years Language] Language] Five financial MAUs those users with that are a existing as people, love interested community observation who [Foreign content are millions into group way ACG perfectly other as when only on tens games number large who tried bigger and of like in we the of potential they there SLG many audiences. [Foreign within for estimate ACG. million dwell are Language] There beyond XXX generally community SLG Bilibili. [Foreign knowledge. militaries be this most there players science we Language] There MAUs profile They XXX -- would and were goes what the of and lovers. FRG gamer on But the very of of or are evolve categories a mostly a and [indiscernible] based

new code discover have those this factors, we As Language] name project. We as named we established NSOG, meaning this SOGs. [Foreign project

game market young that points fully haven't SLG. time, in the there addressed. current the are current not discovered pain same the satisfy in the players needs offerings the SLG does generation market, been We've At many in

the the needs, our we strategy evolving right. [Foreign game San we pain making launch we could addressing will credit been and be trend more behind catering the categories, we're behind as success we only has innovations to Mou, [indiscernible] believe their proven overall the this Language] This and not and successful of generation their will categories. success needs. could points, So has adjusts to addressing It apply young that opportunity in explore the that of to reinventing multiple lays to This direction. to immersive, games SOG continue

estimation life [Foreign cycle, by circles. its that on life longer Language] for . [Foreign Language] has As the we believe nature SOG its

that has games for the years are been X years. in operating -- and noticed market they We've X SLG

set San years, Language] We X internal than making the least target more X of [Foreign Mou years game. have at

on a to Language] And into making it focused game life [Foreign boils is company operation. cycle, whether a down all the longer longer

focus rapidly. This The the can have longer no everybody the evolved is games. time money. industry We fast on longevity has make of to a where

We are user committed hope respect to game listen [indiscernible] our to most, make evergreen and to our who be the this top titles. game we users who the

Okay. Thank you.

please. question Next

Operator

Next Jefferies. question Thomas Chong comes of from

Thomas Chong

[Foreign Language]

My trend question to is the offerings. content related our in

forward? As reached content of already strategies share trend the development Bilibili as old. going about content the well management and Can consumption average ecosystem our outlook age for our as categories years XX

Unknown Executive

[Foreign Language]

hub consumption their Last for on lifestyle consumptions in depth content that average of as brought the community, mentioned Bilibili that years category also content interest I've growing that content lot life, noticed they emerged rapidly evident evolve for but generation data and in a people's of their of and related commonplace are to Bilibili, And consumption. [Foreign Language] This we XX a categories are of our stages our quarter, is evolve, young have not offerings terms new users the young of our as old. for enter the Bilibili. only age hobbies, of needs wealth we've in and a the new users content reached change many

increased and quarter, respectively. home in and XX%, fashion estate, year-over-year, automotive decor by XX% beauty XX% the [indiscernible] real as second the in example, such category For

views advertising video year-over-year baby and I mentioned the of for [Foreign a category Language] As the maternity daily in increase XX%. experienced question,

on into interest those our The a for consumption or XX, wider to needs, our users' about is evolve this those average meaning have generations Language] And natural And average outcome demographics Bilibili. of age above half they and of are users [Foreign XX. seek age XX. out naturally and

larger before authentic and the why to make they destination videos young their hardly to mid- ticket and in platform, seconds [Foreign the creator reason all, big because, makes professional in for can to Language] And is trust is the generation videos. Bilibili looking content -- behind professional videos over the first behind purchase of items make form, the our of view the Bilibili for that the visibly has you and it or trust XX secondly a Language] And reason most purchases. [Foreign has because the longer the decision are judgment. of user people And vehicle to go-to

extremely of this every automotive XX car the We of that Bilibili content. content average, of has are quality automotive-related looking month, year. reviews and there made. can content Language] Speaking this half They're among best I say walk [Foreign well all video millions in are users as the And On at new type into and new is first reviews. of all platforms. perfect think professional Language] personally the look we reviews throughs. [Foreign car format for

[indiscernible]. about talked content We've the emerging

XX% content all young Now interest. generation's are year-over-year rate, let's categories, knowledge quarter, growth. XX%, look respectively. [Foreign leading and take games, at [indiscernible] a XX%, and our tech categories Language] traditional growth the the saw in over second In year-over-year which XX%

we established seek generations long very means the strong have mindset interest-based among out This with content. a

quite speaking are live of history. Bilibili. Language] And on on ago, day is tens are of games, X their there spectacular game of [indiscernible] the users thousands across was experience [Foreign game the This of streaming released days

Language] And user number content. peak that shows [indiscernible] interest-based the concurrent we continuously that day, watching [Foreign X on led we dark related million have verticals. content over the This saw

Thank ability show to Language] We've the you. produce continuously And [Foreign we always good the the we community's proved and years. over competitiveness power offerings ability is past evidence horizon Bilibili XX already and the said content. to have has to its think and content expand the new content that continuously categories. a that

please. question next Operator

Operator

line comes from Xueqing Zhang from question CICC. Next of the

Xueqing Zhang

Language] [Foreign

delivered XXXX. for The share second could And and with quarter. of the [indiscernible] cash margin expansion in flow question outlook. robust financials the financial us management continued half My this company the

what and Looking long-term a at the third on mid- we quarter, is to profit outlook. the profitability even will break

Xin Fan

Fan. is This

question. your take me Let

year-over-year increased model margin. demonstrated nearly to increased financial gross in . for quarter profit our gross XX%, great of grew revenue while Our improvement. the gross nearly actual the to to points was rapid due QX, costs, year-over-year. from margin X increasing overall growth. primarily This business profit control significantly has XX% In XX% our profit consecutive our where margin ability by The revenue by quarter X% performance XX%. The second potential

of With and advertising margin. growth substantial is our high-margin improvement gross the for game business our continued further still room for

Additionally, noting it our cash first that for positive half worth operating the cash cycle. flow RMB our RMB has year is X.X free and flow that reached the a billion, indicates our into was of business X.X entered billion. This

see ahead Looking performance balance foundation for million our we the by quarter to a the financial revenue growth. QX, good RMB increased third in that over laying deferred quarter-over-quarter, revenue XXX

from in revenue the quarter-over-quarter along gross growth and maintain with to significant expect games margin. advertising growth strong momentum, business We a our

At core to solid across the of to basis. now are operating non-GAAP aim addition same lines. in our profit growth see QX, in delighted time, to growth we initial we our breakeven achieving business Meanwhile, a on meaningful achieve

in will expense us our Our scale growth momentum, along in and cost ongoing and and profitability the to improvement with resulting revenue the XXXX prudent management margins. in lead operating our an expanding continue

Operator

next The China comes Yiwen from from Renaissance. question Zhang

Yiwen Zhang

Language] [Foreign

apply its question regarding future management [indiscernible] and AI about how discuss AI My scenario at user multiple Can application. is Bilibili to potential.

Unknown Executive

across the and known highest-quality most is the extensive AI that Language] It [Foreign content Internet. has Bilibili

second-tier and is think reason I based education the user most first- city. received are background higher behind and the a in they that

[Foreign Language]

average our Bilibili. or users average AI? content, professional year, million in-depth have content discussion headlines, based internal a are half the data extensive not AI-related content those for XX over that on of monthly on X many on of -- this for watching And content XX-second those in And word just first AI-related

Language] [Foreign

platform for results in most That the AI X Bilibili.

that the the most AI have And who in professionals content. on is believe are user most First Bilibili. we we interested we most genuinely AI active is most second have

with XX% over the get on touch and users AI Bilibili. as up accounts set companies Bilibili have domestic of in Lastly,

in as AI Language] Because platform and of it. concentration their who -- that, to generally, and us mimic creation and their come to AI tools [Foreign she there back song singer content welcome see condensity And users the used many initiate this advantage in AI AI to application. user voice say the the her a and in actually a that explore high a in attempt we the content of their support natural and connecting voice user original singing user was gives XXXX, triggered out singers creation type and use with famous of original

for we've this were released short-play AI-powered Bilibili. on year, AI-powered Language] And many [Foreign creation, noticed music being I animation,

operations an Our made even to and of a competition attracting has team participate. [Foreign lot short play users Language] AI

from this and existing to our allowing leverage supply regular And for -- have beneficial a very efficiencies and AI to content to terms our tools, we perspective. essentially we become own also leveraged creation users our content of application implement creators tool content content a will in creation concentration the have help and believe We creator themselves. AI tools. And is improved this

directly use user we our enhance experiences. AI Language] And [Foreign also to

[indiscernible] we we a search assistant our opened users As and of AI large of AI now, to have all based, have content. of because review-based at the amount

a messaging our the and search and efficient videos, quick of summary very key our assistant You can or who helpful for ask to this is AI of user a get keywords to content. summarize and AI wants

[Foreign Language]

X And more examples One there are our translations. of AI is tools. AI

assistant He AI and translation short tool assistant Tibet. into time up to a into AI is And translate video. to video a assistant also Our as the video if a in can will that our can and articles tell Mandarin. don't to languages call key have Tibet, have local him the whole AI content a the called many translate you about different to summarize we creator the of watch you on thing, AI the playing you overlay what the from outlined this assistant points such the help while spoke language tools AI help

effectively which users our of believe help to improve user experience. will we their All

full believe multiple the potential [Foreign companies effort technology AI company that itself a Language] We and a And that loop. always with AI its AI should to of and rather everyone, doing development in closed requires users I numerous be including research reach platforms. that the joint believe of a in than benefits

[indiscernible] So platform, always will as a open attitude. we and very proactive

we notice with potential partners. risk We continue with AI bring experience. working and is and users. [Foreign and company fronts. our we are And user our might various various to with partnership and generated their leading more many better efforts, full more Language] And to company collaboration partners, as also And that they we experience partnership, already And capabilities aim believe leading video those on domestic AI we better users. for through several value creative you with can to unleash of Bilibili with that AI our can our bring and through a our expect efficient this joint

today's Thank you. answering That concludes session.

Operator

Thank you again Update Business Results Second XXXX Call Quarter Financial joining you. Conference Bilibili and today. for once Thank

you found Director for information day. further IR and Yang, Thank questions, any today's both [indiscernible] Juliet If contact great and IR Bilibili's on Content in please the China be or Financial U.S. release. a have have Executive can Communications. you, press

Bilibili (BILI) 22 Aug 242024 Q2 Earnings call transcript