SHANGHAI (AP) — SHANGHAI (AP) — Bilibili Inc. (BILI) on Tuesday reported first-quarter net income of $30.4 million, after reporting a loss in the same period a year earlier.

The Shanghai-based company said it had net income of 7 cents per share. Earnings, adjusted for stock option expense and amortization costs, came to 19 cents per share.

The Chinese video sharing website posted revenue of $1.08 billion in the period.

Bilibili shares have dropped 20% since the beginning of the year. The stock has risen nearly 4% in the last 12 months.

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