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Bilibili Stock Soars Thursday Morning After Strong Quarterly Results

CapitalWatch Staff 2018-11-19 14:52 PM
Bilibili Stock Soars Thursday Morning After Strong Quarterly Results

Shares of Bilibili Inc. (Nasdaq: BILI) soared nearly 25 percent in early trading today to $15.49 per American depositary share after the company reported Wednesday evening that revenue in the first quarter more than doubled while its net loss slimmed to $9.2 million. 

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The stock of the company retreated intraday to $14.40 per share, up nearly 16 percent.

China&`#`39;s popular platform for streaming Japanese animation, Bilibili has more than 77 million monthly average users.