Net Loss per Share

12 Months Ended

Dec. 31, 2022

18.	Net Loss per Share

For the years ended December 31, 2020, 2021 and 2022, the Company had potential ordinary shares, including share options, RSUs granted, and ordinary shares issuable upon the conversion of the April 2026 Notes, 2027 Notes and December 2026 Notes, where applicable. As the Group incurred losses for the years ended December 31, 2020, 2021 and 2022, these potential ordinary shares were anti-dilutive and excluded from the calculation of diluted net loss per share.

For the year ended December 31, 2020, the numbers of share options and the number of ordinary shares issuable upon the conversion of the April 2026 Notes and 2027 Notes, which were anti-dilutive and excluded from the computation of diluted net loss per share, were 8,927,697 shares, 20,202,000 shares and 19,641,280 shares, respectively.

For the year ended December 31, 2021, the numbers of share options and the number of ordinary shares issuable upon the conversion of the April 2026 Notes, 2027 Notes and December 2026 Notes, which were anti-dilutive and excluded from the computation of diluted net loss per share, were 13,249,083 shares, 18,706,486 shares,19,641,274 shares and 17,027,040 shares, respectively.

For the year ended December 31, 2022, the numbers of share options, RSUs and the number of ordinary shares issuable upon the conversion of the April 2026 Notes, 2027 Notes and December 2026 Notes, which were anti-dilutive and excluded from the computation of diluted net loss per share, were 2,069,570 shares, nil, 17,347,721 shares, 19,382,489 shares and 14,466,365 shares, respectively.

The following table sets forth the computation of basic and diluted net loss per share for the years ended December 31, 2020, 2021 and 2022:


	For the Year Ended December 31,
	2020			2021			2022

	RMB in thousands, except for share and per share data
Numerator:
Net loss		(3,054,017	)		(6,808,739	)		(7,507,653	)
Accretion to redeemable noncontrolling interests		(4,292	)		—			—
Net loss attributable to noncontrolling interests		46,605			19,511			10,640

Net loss attributable to Bilibili Inc.’s shareholders for basic/dilutive net loss per share calculation		(3,011,704	)		(6,789,228	)		(7,497,013	)

Denominator:
Weighted average number of ordinary shares outstanding, basic		345,816,023			379,898,121			394,863,584
Weighted average number of ordinary shares outstanding, diluted		345,816,023			379,898,121			394,863,584
Net loss per share, basic		(8.71	)		(17.87	)		(18.99	)
Net loss per share, diluted		(8.71	)		(17.87	)		(18.99	)