Bilibili (BLBLF) Operating Expenses (2017 - 2026)
Bilibili (BLBLF) 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 (BLBLF) 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 | 1,632.97 Bn | 1,542.71 Bn | 49.47 Bn | 42.03 Bn |
| 2 | 28.55 Bn | 25.76 Bn | 734.60 Mn | 573.19 Mn | |
| 3 | Bilibili | 12.68 Bn | 10.54 Bn | 433.97 Mn | -379.21 Mn |
| 4 | 11.15 Bn | 9.87 Bn | 922.30 Mn | 1.23 Bn | |
| 5 | Match | 9.60 Bn | 9.02 Bn | 648.84 Mn | 607.66 Mn |
| 6 | Snap | 8.93 Bn | 6.27 Bn | 931.11 Mn | 1.77 Bn |
| 7 | Sound | 5.00 Bn | 4.89 Bn | - | - |
| 8 | Joyy | 3.87 Bn | 3.53 Bn | 201.60 Mn | -188.24 Mn |
| 9 | Grindr | 2.66 Bn | 2.66 Bn | 103.57 Mn | 105.64 Mn |
| 10 | Trump Media & Technology | 2.50 Bn | 2.50 Bn | 1.17 Mn | 165.17 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |