Bilibili Inc. (NASDAQ:BILI) Q3 2023 Earnings Call Transcript

We expect we can continue to generate positive operating cash flow in Q4. Looking to 2024, we will continue our path of gross profit improvement and loss narrowing. On one hand, we have confidence in the growth of our high-margin business like ad revenue, which will continue to contribute the gross profit growth, and that will be the main driver to narrow the loss. On the other hand, with some recent structured adjustments, we expect operating expenses, including R&D expenses to further decline in 2024. Together, I think we will continue to work towards the goal of breakeven. Thank you.

Juliet Yang: Thank you, Sam and management.

Operator: Thank you for the questions. And that concludes the question-and-answer session. Thank you once again for joining Bilibili’s Third Quarter 2023 Financial Results and Business Update Conference Call today. If you have any further questions, please contact Juliet Yang, Bilibili’s Executive IR Director or Piacante Financial Communications. Contact informations for IR in both China and the US can be found on today’s press release. Thank you, and have a great day.