Earnings Report Ahead of Market Opening for November 13, 2025: DIS, BN, JD, BILI, SPNS, ONDS, CSIQ, BITF, SBH, NESR, SPB, BLDP
Earnings Reports Overview: Several companies, including Walt Disney, Brookfield Corporation, and JD.com, are set to report their earnings for the quarter ending September 30, 2025, with varying forecasts and performance expectations.
Walt Disney Company: Expected to report earnings per share (EPS) of $1.03, reflecting a 9.65% decrease from the previous year, but has consistently beaten expectations in the past year.
Brookfield Corporation and Bilibili Inc.: Brookfield is forecasted to have an EPS of $0.68, a 21.43% increase year-over-year, while Bilibili is expected to report a significant 700% increase in EPS to $0.12.
Other Notable Companies: JD.com anticipates a 71.19% decrease in EPS, while Canadian Solar expects a 248.39% decrease. In contrast, Bitfarms is projected to see a 77.78% increase in EPS despite previous misses.
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- Geopolitical Impact: The escalation of the US-Israeli conflict, with Iran launching missiles and striking an oil refinery in Bahrain, has driven crude oil prices above $80 per barrel, intensifying fears of a global economic slowdown and resurging inflation, which directly affects investor confidence.
- Stock Market Declines: This week, the S&P 500 and Nasdaq fell by 1.5% and 0.7%, respectively, while the Dow dropped 2.4%, indicating a broad reassessment of economic outlook amid surging energy prices that have shaken market stability.
- European Market Struggles: European equities fell 3.8% due to rising energy prices linked to the Middle East conflict, with London's FTSE 100 tumbling 5.7%, and Germany and France's markets slipping 4.5% and 5%, respectively, reflecting significant regional economic uncertainty.
- Asia-Pacific Market Volatility: The Asia-Pacific markets faced sharp losses as tensions in the Middle East continued to escalate, with China's manufacturing activity declining slightly in February, and South Korea's KOSPI index experiencing a historic drop of over 12% during intraday trading, highlighting the market's sensitivity to geopolitical risks.
- Government Denial: The US Department of War has refuted any ongoing negotiations with AI startup Anthropic, which plans to challenge the government's designation of it as a national security 'supply chain risk,' potentially impacting its funding and market confidence.
- Congressional Scrutiny on China: Congressman John Moolenar urged the Treasury Secretary to exercise 'heightened scrutiny' of inbound investments from China, which could lead to stricter restrictions on Chinese businesses seeking market access in critical manufacturing sectors in the US, affecting US-China economic relations.
- Trump Administration's New Framework: The Trump administration is reportedly considering a new framework that would require foreign governments to invest in US data centers when exporting advanced AI chips, which could alter the dynamics of the global technology supply chain and impact international competition.
- Amazon Job Cuts: Amazon has reportedly cut additional jobs in its robotics division, reflecting structural adjustments as the company faces market challenges, which may affect its future innovation capabilities and competitive position.
- Significant Revenue Growth: Bilibili achieved total revenue of RMB 30.3 billion in 2025, marking a 13% year-over-year increase, particularly driven by a 27% rise in advertising revenue in Q4, indicating strong demand from AI advertisers.
- Enhanced User Engagement: Daily active users grew by 10% in Q4, with average daily time spent increasing by 8% to 107 minutes, demonstrating the successful integration of AI to enhance content discovery and ad targeting, thereby improving user retention and monetization capabilities.
- Profitability Milestone: The company reported a GAAP net profit of RMB 514 million in 2025, achieving a significant financial milestone, with adjusted net profit reaching RMB 878 million and a net margin of 10.6%, reflecting effective strategies in cost control and revenue growth.
- Challenges in Gaming Revenue: Despite overall revenue growth, game revenue declined by 14% year-over-year in Q4, contributing only 18% to total revenues, highlighting intensified competition in the mobile gaming sector, necessitating ongoing innovation to maintain user base and creator community.
- Revenue Growth: Bilibili's Q4 2025 revenue rose 8% year-over-year to $1.19 billion (8.32 billion yuan), exceeding analyst expectations of $1.16 billion, demonstrating resilience in core revenue streams despite a challenging market environment.
- User Engagement Boost: Average daily active users increased by 10% year-over-year to 113 million, with average daily time spent per user rising 8% to 107 minutes, indicating sustained user engagement and stickiness that could drive future revenue growth.
- Improved Profitability: Adjusted net income reached $125.6 million (878.4 million yuan), significantly up from the previous year, with gross margin expanding from 36.1% to 37.0%, reflecting effective strategies in cost control and profitability enhancement.
- Market Pressure: Despite strong earnings, Bilibili's stock fell 7% to $26.03, influenced by China's lowered GDP growth target for 2026 to 4.5%-5%, highlighting investor concerns over the macroeconomic environment.
- Advertising Revenue Surge: Bilibili's Q4 advertising revenue increased by 27% year-over-year, reflecting strong market performance driven by improved advertising products and efficiency, indicating enhanced competitiveness in the advertising sector.
- User Engagement Growth: Average daily active users reached 113 million, up 10% year-over-year, with users spending an average of 107 minutes daily on the platform, enhancing user stickiness and overall platform appeal.
- Effective Cost Control: Total operating expenses decreased by 3% year-over-year to RMB 2.58 billion, primarily due to cutbacks in sales and marketing costs, further improving the company's operating leverage.
- Significant Profitability Improvement: The net profit for Q4 was RMB 513.4 million, or RMB 1.14 per share, a substantial increase from RMB 90 million last year, exceeding Wall Street analyst expectations, showcasing a notable enhancement in the company's profitability.
- Stock Market Trends: Stock futures were modestly lower on Thursday, indicating a cautious sentiment among investors.
- Investor Sentiment: Investors are trying to interpret mixed messages regarding ongoing peace talks between the U.S. and Iran.










