Bilibili announced its first share repurchase plan, which will buy back 0.2 billion US dollars of shares within the next two years.
The Zhitong Finance App learned that Goldman Sachs released a research report stating that it maintains the Bilibili W (09626) “buy” rating and that the target price for H shares is HK$176.
Goldman Sachs said that Bilibili announced its first share repurchase plan and will buy back 0.2 billion US dollars of shares within the next two years, which shows that the company's financial situation is healthy and can generate free cash flow.
According to the report, Bilibili achieved quarterly break-even for the first time. The adjusted operating profit for the third quarter was 0.272 billion yuan, which was 31% higher than the bank's forecast, benefiting from marketing costs in line with expectations and proper control of R&D expenses; revenue growth was in line with expectations.