10 Firms Kick Off 2025 Trading in The Red

2. Bilibili Inc. (NASDAQ:BILI)

Video streaming platform Bilibili Inc. saw its share price on Thursday decline by 5.41 percent or 0.98 points to end at $17.13 following disappointing earnings results.

According to the company, it generated $1.019 billion in revenues but reported a net loss of $11.09 million, resulting in an earnings per share of -$0.03 and a gross profit of $355 million.

The company earlier expected to post a final loss in 2024 before swinging to profitability in 2025.

According to analysts, they expect the company to grow 82 percent year-on-year, on average. Should the business grow at a slower rate, it will become profitable at a later date than expected.