Bilibili (NASDAQ:BILI) surged over 6% intra-day today after reporting first-quarter results that exceeded expectations across the board, fueled by robust user engagement and accelerating revenue from advertising and mobile gaming.

The Chinese video-sharing platform posted earnings per share of RMB0.85, handily beating the RMB0.52 analyst forecast. Revenue jumped 24% year-over-year to RMB7 billion, also topping the RMB6.91 billion consensus.

User metrics reached new highs, with daily active users (DAUs) climbing to 107 million and monthly active users (MAUs) rising to 368 million, signaling continued platform momentum.

Advertising revenue grew 20% to RMB2 billion (US$275.3 million), while mobile gaming revenue soared 76% to RMB1.73 billion (US$238.6 million), reflecting successful game launches and monetization improvements.