VOL. XCIV, NO. 247

★ WIDE MOAT STOCKS COMPARISON ★

Stock Comparison

Nintendo Co., Ltd. vs Bilibili Inc.

Compare moat strength, market structure, and segment coverage to understand how each company defends its edge.

Nintendo Co., Ltd.

7974.JP · Tokyo Stock Exchange

Market cap (USD)$51.5B
Gross margin (TTM)39.3%
Operating margin (TTM)15.6%
Net margin (TTM)18.3%
SectorCommunication Services
IndustryElectronic Gaming & Multimedia
CountryJP
Data as of2026-01-01
Moat score
76/ 100

Weighted average of segment moat scores, combining moat strength, durability, confidence, market structure, pricing power, and market share.

Full stock profile

Dive deeper into Nintendo Co., Ltd.'s moat claims, evidence, and risks.

View 7974.JP analysis

Bilibili Inc.

BILI · Nasdaq Global Select Market

Market cap (USD)$7.4B
Gross margin (TTM)36.8%
Operating margin (TTM)4.1%
Net margin (TTM)4.6%
SectorCommunication Services
IndustryElectronic Gaming & Multimedia
CountryKY
Data as of2026-05-01
Moat score
60/ 100

Weighted average of segment moat scores, combining moat strength, durability, confidence, market structure, pricing power, and market share.

Full stock profile

Dive deeper into Bilibili Inc.'s moat claims, evidence, and risks.

View BILI analysis

Comparison highlights

  • Moat score gap: Nintendo Co., Ltd. leads (76 / 100 vs 60 / 100 for Bilibili Inc.).
  • Segment focus: Nintendo Co., Ltd. has 3 segments (90.2% in Nintendo Switch platform ecosystem); Bilibili Inc. has 4 segments (39.3% in Value-Added Services).
  • Primary market structure: Oligopoly vs Competitive. Pricing power: Moderate vs Moderate.
  • Moat breadth: Nintendo Co., Ltd. has 5 moat types across 3 domains; Bilibili Inc. has 7 across 4.

Primary market context

Nintendo Co., Ltd.

Nintendo Switch platform ecosystem

Market

Dedicated console gaming platform ecosystem (hardware + software + digital storefront + online services)

Geography

Global

Customer

Consumers

Role

Platform owner / first-party publisher

Revenue share

90.2%

Bilibili Inc.

Value-Added Services

Market

China online video community VAS, live broadcasting, premium memberships, fan charging and premium content services

Geography

China

Customer

Video users, premium members, live-streaming users, fan communities, hosts and content creators

Role

Video community operator, creator monetization platform, premium-content distributor and live-broadcasting virtual-item platform

Revenue share

39.3%

Side-by-side metrics

Nintendo Co., Ltd.
Bilibili Inc.
Ticker / Exchange
7974.JP - Tokyo Stock Exchange
BILI - Nasdaq Global Select Market
Market cap (USD)
$51.5B
$7.4B
Gross margin (TTM)
39.3%
36.8%
Operating margin (TTM)
15.6%
4.1%
Net margin (TTM)
18.3%
4.6%
Sector
Communication Services
Communication Services
Industry
Electronic Gaming & Multimedia
Electronic Gaming & Multimedia
HQ country
JP
KY
Primary segment
Nintendo Switch platform ecosystem
Value-Added Services
Market structure
Oligopoly
Competitive
Market share
n/a
33%-34% (implied)
HHI estimate
n/a
n/a
Pricing power
Moderate
Moderate
Moat score
76 / 100
60 / 100
Moat domains
Network, Demand, Legal
Network, Demand, Supply, Legal
Last update
2026-01-01
2026-05-01

Moat coverage

Shared moat types

Ecosystem ComplementsBrand TrustContent Rights Currency

Nintendo Co., Ltd. strengths

Switching Costs GeneralIP Choke Point

Bilibili Inc. strengths

Two Sided NetworkHabit DefaultData Network EffectsDistribution Control

Segment mix

Nintendo Co., Ltd. segments

Full profile >

Nintendo Switch platform ecosystem

Oligopoly

90.2%

Mobile and IP-related income

Competitive

5.8%

Other products and legacy platforms

Competitive

4%

Bilibili Inc. segments

Full profile >

Value-Added Services

Competitive

39.3%

Advertising

Competitive

33.1%

Mobile Games

Oligopoly

21.1%

IP Derivatives and Others

Competitive

6.5%

Want the full wide moat stocks list?

Browse the full ranking of wide moat stocks, updated with moat scores and segment context.

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Proven models entering the expansion stage with unit economics that work.

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Curation & Accuracy

This directory blends AI‑assisted discovery with human curation. Entries are reviewed, edited, and organized with the goal of expanding coverage and sharpening quality over time. Your feedback helps steer improvements (because no single human can capture everything all at once).

Details change. Pricing, features, and availability may be incomplete or out of date. Treat listings as a starting point and verify on the provider’s site before making decisions. If you spot an error or a gap, send a quick note and I’ll adjust.