Bilibili (BILI) Cost of Revenue (2017 - 2026)
Bilibili (BILI) posted quarterly Cost of Revenue of $678.4 million for Q1 2026, up 10.27% year-over-year from $615.2 million in Q1 2025, and down 8.18% quarter-over-quarter from $738.8 million in Q4 2025.
Bilibili (BILI) Cost of Revenue (2017 - 2026) Analysis & Trends
Bilibili's Cost of Revenue history runs 10 years deep, the most recent figure standing at $678.4 million for Q1 2026.
- In Q1 2026, Cost of Revenue rose 10.27% year-over-year to $678.4 million; the TTM figure through Mar 2026 stood at $2.7 billion (up 7.07% YoY), while the FY2025 annual figure was $2.8 billion, up 11.18% from the prior year.
- Cost of Revenue for Q1 2026 stood at $678.4 million, down from $738.8 million in the prior quarter.
- The five-year high for Cost of Revenue was $738.8 million in Q4 2025, with the low at $247.3 million in Q3 2022.
- The 5-year median for Cost of Revenue is $644.5 million (2025), against an average of $618.9 million.
- The sharpest annual moves came in 2022 and 2023: Cost of Revenue sank 71.33% in 2022, then surged 143.47% in 2023.
- Bilibili's Cost of Revenue stood at $688.0 million in 2022, then retreated by 5.34% to $651.3 million in 2023, then rose by 5.73% to $688.6 million in 2024, then increased by 7.3% to $738.8 million in 2025, then declined by 8.18% to $678.4 million in 2026.
- Business Quant data shows BILI's Cost of Revenue at $678.4 million in Q1 2026, $738.8 million in Q4 2025, and $680.1 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,165.61 Bn | 3,736.57 Bn | 73.85 Bn | 45.94 Bn |
| 2 | Meta Platforms | 1,523.46 Bn | 1,433.20 Bn | 49.47 Bn | 11.33 Bn |
| 3 | Taboola.com | 1,141.85 Bn | 1,141.71 Bn | 139.48 Mn | 337.35 Mn |
| 4 | Baidu | 288.34 Bn | 283.85 Bn | 1.88 Mn | 2.84 Bn |
| 5 | Spotify Technology | 103.44 Bn | 93.20 Bn | 1.75 Bn | 3.56 Bn |
| 6 | Joyy | 77.39 Bn | 76.50 Bn | 205.64 Mn | 376.28 Mn |
| 7 | BILI Social International | 60.58 Bn | 60.58 Bn | 405,933.00 | 131,586.00 |
| 8 | Nebius | 50.20 Bn | 40.57 Bn | 295.20 Mn | 103.80 Mn |
| 9 | 30.00 Bn | 27.22 Bn | 734.60 Mn | 70.31 Mn | |
| 10 | Bilibili | 7.55 Bn | 5.25 Bn | 400.37 Mn | 678.37 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 678.37 Mn |
| Mar 31, 2026 | 678.37 Mn |
| Dec 31, 2025 | 738.82 Mn |
| Dec 31, 2025 | 738.82 Mn |
| Sep 30, 2025 | 680.08 Mn |
| Sep 30, 2025 | 680.08 Mn |
| Jun 30, 2025 | 644.51 Mn |
| Jun 30, 2025 | 644.51 Mn |
| Mar 31, 2025 | 615.18 Mn |
| Mar 31, 2025 | 615.18 Mn |
| Dec 31, 2024 | 688.55 Mn |
| Dec 31, 2024 | 688.55 Mn |
| Sep 30, 2024 | 663.94 Mn |
| Sep 30, 2024 | 663.94 Mn |
| Jun 30, 2024 | 593.15 Mn |
| Jun 30, 2024 | 593.15 Mn |
| Mar 31, 2024 | 567.67 Mn |
| Mar 31, 2024 | 567.67 Mn |
| Dec 31, 2023 | 651.26 Mn |
| Dec 31, 2023 | 651.26 Mn |