Reports Q4 revenue $890.6M, consensus $886.72M. Average daily active users reached 92.8M. Average monthly active users reached 326M. Average monthly paying users reached 28.1M. "We ended 2022 with solid DAU growth, improved gross margin and narrowed losses in the fourth quarter," said Rui Chen, chairman and chief executive officer of Bilibili. "Following the shift in our priority to target DAU growth, our DAUs increased by 29% year-over-year to 92.8 million in the fourth quarter bringing our DAU/MAU ratio to 28.5%, an improvement from 26.6% in the same period last year. Our community remained highly engaged, with the average daily time spent per user reaching 96 minutes in the fourth quarter, driving the total time spent4 on our platform up by 51% from the same period last year. Nowadays, the changing market environment calls for increased adaptability. As such, we have taken steps to tighten our expenses and streamline our organization to further prioritize commercialization. Moving through 2023, we will elevate our execution in these core areas, ensuring we achieve our financial goals while continuing to foster a welcoming and inclusive community for our users."
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