Bank of China International released a research report stating that the target price of Bilibili-W was lowered by 14.7%, from HK$224 to HK$191, and its target price for US stocks was lowered at the same time. Both ratings remained “buy.” The bank expects revenue to increase 7% year over year in the third quarter of 2026, adjusted operating profit to increase 20% year over year, and expects mobile games, online advertising and value-added services revenue to decrease by 6%, increase by 20% and increase by 5% year on year, respectively.

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