SHANGHAI (AP) — SHANGHAI (AP) — Bilibili Inc. (BILI) on Thursday reported second-quarter net income of $50.5 million.

The Shanghai-based company said it had net income of 11 cents per share. Earnings, adjusted for stock option expense and non-recurring costs, came to 23 cents per share.

The Chinese video sharing website posted revenue of $1.17 billion in the period.

Bilibili shares have fallen 34% since the beginning of the year. The stock has declined 29% in the last 12 months.

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