Bilibili Inc. (NASDAQ:BILI) Q4 2023 Earnings Call Transcript

Expense-wise, we will keep improving our operational efficiency. We expect to reach non-GAAP operating breakeven in Q3 this year. And let me share more color on our cash flow and balance sheet side. We have achieved positive operating cash flow in Q3 and Q4 2023. Especially in Q3, we have generated over RMB 600 million operating cash flow. That means our company has entered into a positive cycle for development. We expect to keep doing that and maintain positive operating cash flow throughout 2024. From the liability side, we have repurchased or repaid US$1.2 billion last year. Now on December 31, 2023, we had approximate US$2.1 billion cash reserve on our balance sheet compared with outstanding CB of US$860 million, our cash reserves are significant to cover all of our company debt.

Thank you.

Operator: And that concludes the question-and-answer session. Thank you once again for joining Bilibili’s fourth quarter and fiscal year 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 Piacente Financial Communications. Contact information for IR in both China and the U.S. can be found on today’s press release. Have a great day. That does conclude today’s conference call. You may now disconnect your lines.