Bilibili Non-GAAP EPS of $0.25 beats by $0.04, revenue of $1.08B beats by $10M

* Bilibili press release [https://seekingalpha.com/pr/20305578-bilibili-inc-announces-third-quarter-2025-financial-results] (BILI [https://seekingalpha.com/symbol/BILI]): Q3 Non-GAAP EPS of $0.25 beats by $0.04.
* Revenue of $1.08B (+5% Y/Y) beats by $10M.
* Revenues from VAS were RMB3.02 billion (US$424.6 million), representing an increase of 7% from the same period of 2024.
* Revenues from advertising were RMB2.57 billion (US$361.0 million), representing an increase of 23% from the same period of 2024.
* Revenues from mobile games were RMB1.51 billion (US$212.2 million), representing a decrease of 17% from the same period of 2024.
* Revenues from IP derivatives and others were RMB582.3 million (US$81.8 million), representing an increase of 3% from the same period of 2024.
*
Net cash provided by operating activities. Net cash provided by operating activities was RMB2.02 billion (US$283.2 million), compared with RMB2.23 billion in the same period of 2024.

Cash and cash equivalents, time deposits and short-term investments. As of September 30, 2025, the Company had cash and cash equivalents, time deposits and short-term investments of RMB23.49 billion (US$3.30 billion).

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