Bilibili BILI
NASDAQ BILI
$14.90 +0.50 (+3.47%)
At close: Sep 18, 2026 · 4:00 PM EDT

Bilibili (BILI) Operating Expenses (2017 - 2026)

Bilibili (BILI) posted Operating Expenses of -$379.2 million for Q2 2026, down 0.77% on a QoQ basis from -$376.3 million in Q1 2026, and down 13.14% year-over-year from -$436.6 million in Q2 2025.

Analysis

Bilibili (BILI) Operating Expenses (2017 - 2026) Analysis & Trends

Bilibili has reported Operating Expenses for 10 years, with the latest figure at -$379.2 million in Q2 2026.

  • On a quarterly basis, Operating Expenses fell 13.14% year-over-year to -$379.2 million in Q2 2026; TTM through Jun 2026 was -$1.5 billion, a 3.17% decrease from a year earlier, with the FY2025 full-year figure at -$1.4 billion, down 3.06% from the prior year.
  • Operating Expenses was -$379.2 million for Q2 2026 at Bilibili, down from -$376.3 million in the prior quarter.
  • The five-year high for Operating Expenses was -$334.1 million in Q2 2024, with the low at -$502.9 million in Q4 2022.
  • Average Operating Expenses over 5 years is -$380.7 million, with a median of -$364.1 million recorded in 2024.
  • The largest YoY upside for Operating Expenses was 69.3% in 2022 against a maximum downside of 45.15% in 2022.
  • Over 5 years, Operating Expenses stood at -$502.9 million in 2022, then grew by 18.13% to -$411.8 million in 2023, then grew by 10.0% to -$370.6 million in 2024, then grew by 1.94% to -$363.4 million in 2025, then slipped by 4.35% to -$379.2 million in 2026.
  • The last three Operating Expenses figures came in at -$379.2 million (Q2 2026), -$376.3 million (Q1 2026), and -$363.4 million (Q4 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Meta Platforms 1,696.33 Bn 1,606.07 Bn 49.47 Bn 42.03 Bn
2 Reddit 29.01 Bn 26.23 Bn 734.60 Mn 573.19 Mn
3 Bilibili 12.48 Bn 10.34 Bn 433.97 Mn -379.21 Mn
4 Pinterest 10.51 Bn 9.24 Bn 922.30 Mn 1.23 Bn
5 Match 9.93 Bn 9.35 Bn 648.84 Mn 607.66 Mn
6 Snap 9.56 Bn 6.90 Bn 931.11 Mn 1.77 Bn
7 Rum 5.38 Bn 5.26 Bn - 111.15 Mn
8 Sound 4.72 Bn 4.61 Bn - -
9 Joyy 4.14 Bn 3.82 Bn 201.60 Mn -188.24 Mn
10 Grindr 2.68 Bn 2.67 Bn 103.57 Mn 105.64 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 -379.21 Mn
Mar 31, 2026 -376.30 Mn
Dec 31, 2025 -363.39 Mn
Sep 30, 2025 -344.26 Mn
Jun 30, 2025 -335.16 Mn
Mar 31, 2025 -347.83 Mn
Dec 31, 2024 -370.56 Mn
Sep 30, 2024 -364.71 Mn
Jun 30, 2024 -334.06 Mn
Mar 31, 2024 -338.98 Mn
Dec 31, 2023 -411.75 Mn
Sep 30, 2023 -353.58 Mn
Jun 30, 2023 -357.68 Mn
Mar 31, 2023 -362.30 Mn
Dec 31, 2022 -502.91 Mn
Sep 30, 2022 -424.43 Mn
Jun 30, 2022 -444.23 Mn
Mar 31, 2022 -440.86 Mn
Dec 31, 2021 -1.64 Bn
Sep 30, 2021 -447.74 Mn