Bilibili Inc. (BILI) Revenue History
Annual and quarterly revenue from 2015 to present
BILI Revenue Over Time (2015–2025)
BILI Revenue Growth History
10 of 10 years with positive growth- FY2015 revenue growth
- N/A
- FY2016 revenue growth
- +299.5%
- FY2017 revenue growth
- +371.7%
- FY2018 revenue growth
- +67.3%
- FY2019 revenue growth
- +64.2%
- FY2020 revenue growth
- +77.0%
- FY2021 revenue growth
- +61.5%
- FY2022 revenue growth
- +13.0%
- FY2023 revenue growth
- +2.9%
- FY2024 revenue growth
- +19.1%
- FY2025 revenue growth
- +13.1%
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2025 | $7.34B | +19.8% |
| Q1 2025 | $7.00B | +23.6% |
| Q4 2024 | $7.73B | +21.8% |
| Q3 2024 | $7.31B | +25.8% |
| Q2 2024 | $6.13B | +15.5% |
| Q1 2024 | $5.66B | +11.7% |
| Q4 2023 | $6.35B | +3.4% |
| Q3 2023 | $5.81B | +0.2% |
Multi-year avg. share of annual revenue by fiscal quarter
Revenue Breakdown (FY 2025)
BILI's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
BILI Revenue Analysis (2015–2025)
Current Revenue & Growth
As of June 22, 2026, Bilibili Inc. (BILI) generated trailing twelve-month (TTM) revenue of $29.38 billion, reflecting strong growth of +19.8% year-over-year. The most recent quarter (Q2 2025) recorded $7.34 billion in revenue, up 4.8% sequentially.
Historical Growth Trajectory
BILI's 5-year compound annual growth rate (CAGR) stands at +20.4%, indicating outstanding long-term growth trajectory. The 3-year CAGR of +11.5% is below the 5-year average, signalling a growth deceleration in recent years. Bilibili Inc.'s highest annual revenue of $30.35 billion was recorded in 2025, an all-time high.
Revenue by Segment
BILI's revenue is primarily driven by Value Added Services (42%), Advertising (35%), and Mobile Game Services (23%). The diversified mix across segments reduces dependence on any single product line, which can support more resilient revenue in downturns.
Peer Comparison
Compared to Technology sector peers — including IQ (-87.0% YoY), HUYA (-2.1% YoY), and DOYU (-11.1% YoY) — BILI has outperformed the peer group in revenue growth. Compare BILI vs IQ →
BILI Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| BILICurrent | $29.4B | +19.8% | +20.4% | 3.7% | |
 IQ | $3.8B | -87.0% | -33.7% | 6.0% | |
 HUYA | $6.5B | -2.1% | -9.8% | -2.5% | |
 DOYU | $3.8B | -11.1% | -16.8% | 0.3% | |
 MOMO | $10.4B | -2.8% | -7.2% | 13.1% | |
 NFLX | $45.2B | +15.9% | +12.6% | 29.5% |
BILI Historical Revenue Data (2015–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $30.35B | +13.1% | $11.11B | 36.6% | $1.12B | 3.7% |
| 2024 | $26.83B | +19.1% | $8.77B | 32.7% | $-1,343,969,000 | -5.0% |
| 2023 | $22.53B | +2.9% | $5.44B | 24.2% | $-5,064,187,000 | -22.5% |
| 2022 | $21.90B | +13.0% | $3.85B | 17.6% | $-8,357,944,000 | -38.2% |
| 2021 | $19.38B | +61.5% | $4.04B | 20.9% | $-6,429,074,000 | -33.2% |
| 2020 | $12.00B | +77.0% | $2.84B | 23.7% | $-3,140,963,000 | -26.2% |
| 2019 | $6.78B | +64.2% | $1.19B | 17.6% | $-1,495,175,000 | -22.1% |
| 2018 | $4.13B | +67.3% | $855.4M | 20.7% | $-728,973,000 | -17.7% |
| 2017 | $2.47B | +371.7% | $549.2M | 22.2% | $-224,272,000 | -9.1% |
| 2016 | $523.3M | +299.5% | $-249,502,000 | -47.7% | $-894,717,000 | -171.0% |
| 2015 | $131.0M | - | $-172,572,000 | -131.7% | $-368,883,000 | -281.6% |
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
11+ years return with dividends reinvested.
DCA Calculator
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Peer Comparison
Compare growth, multiples, and margins vs sector.
BILI — Frequently Asked Questions
Quick answers to the most common questions about buying BILI stock.
Is BILI's revenue growth accelerating or slowing?
BILI revenue growth is accelerating. TTM revenue reached $29.4B, up +19.8% year-over-year — ahead of the 5-year CAGR of +20.4%. This indicates the business is expanding faster than its historical baseline.
What is BILI's revenue history from 2015 to 2026?
Bilibili Inc. (BILI) revenue history spans 2015 to 2026. TTM revenue as of 2026 is $29.4B, growing at +19.8% YoY. The 5-year CAGR is +20.4%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is BILI's long-term revenue growth rate (CAGR)?
Bilibili Inc.'s 5-year revenue CAGR of +20.4% reflects the sustained nature of its business expansion. As of 2026, the current YoY growth rate of +19.8% is above this long-term average. CAGR is the most reliable measure of sustained revenue momentum for BILI.
Why does BILI's quarterly revenue fluctuate?
BILI quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. Bilibili Inc.'s revenue data from 2015 to 2026 shows full historical quarterly detail on this page.
How is BILI's revenue distributed by segment?
BILI reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does BILI's revenue compare to industry peers?
Bilibili Inc. (BILI) with TTM revenue of $29.4B and +19.8% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.