VOL. XCIV, NO. 247

★ WIDE MOAT STOCKS COMPARISON ★

Stock Comparison

Bilibili Inc. vs Universal Music Group N.V.

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

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

Universal Music Group N.V.

UMG · Euronext Amsterdam

Market cap (USD)$41.9B
Gross margin (TTM)40%
Operating margin (TTM)11.1%
Net margin (TTM)14.9%
SectorCommunication Services
IndustryEntertainment
CountryNL
Data as of2026-05-26
Moat score
78/ 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 Universal Music Group N.V.'s moat claims, evidence, and risks.

View UMG analysis

Comparison highlights

  • Moat score gap: Universal Music Group N.V. leads (78 / 100 vs 60 / 100 for Bilibili Inc.).
  • Segment focus: Bilibili Inc. has 4 segments (39.3% in Value-Added Services); Universal Music Group N.V. has 3 segments (75.5% in Recorded Music).
  • Primary market structure: Competitive vs Oligopoly. Pricing power: Moderate vs Moderate.
  • Moat breadth: Bilibili Inc. has 7 moat types across 4 domains; Universal Music Group N.V. has 5 across 3.

Primary market context

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%

Universal Music Group N.V.

Recorded Music

Market

Recorded music rights (labels) and monetization (streaming, physical, licensing/sync)

Geography

Global

Customer

Digital service providers (audio/video/social), physical retailers, and licensing counterparties

Role

Label / master rights holder; artist development, marketing and distribution

Revenue share

75.5%

Side-by-side metrics

Bilibili Inc.
Universal Music Group N.V.
Ticker / Exchange
BILI - Nasdaq Global Select Market
UMG - Euronext Amsterdam
Market cap (USD)
$7.4B
$41.9B
Gross margin (TTM)
36.8%
40%
Operating margin (TTM)
4.1%
11.1%
Net margin (TTM)
4.6%
14.9%
Sector
Communication Services
Communication Services
Industry
Electronic Gaming & Multimedia
Entertainment
HQ country
KY
NL
Primary segment
Value-Added Services
Recorded Music
Market structure
Competitive
Oligopoly
Market share
33%-34% (implied)
31%-33% (estimated)
HHI estimate
n/a
n/a
Pricing power
Moderate
Moderate
Moat score
60 / 100
78 / 100
Moat domains
Network, Demand, Supply, Legal
Legal, Supply, Demand
Last update
2026-05-01
2026-05-26

Moat coverage

Shared moat types

Content Rights CurrencyBrand Trust

Bilibili Inc. strengths

Two Sided NetworkHabit DefaultData Network EffectsDistribution ControlEcosystem Complements

Universal Music Group N.V. strengths

Scale Economies Unit CostLong Term ContractsService Field Network

Segment mix

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%

Universal Music Group N.V. segments

Full profile >

Recorded Music

Oligopoly

75.5%

Music Publishing

Oligopoly

18%

Merchandising and Other

Competitive

6.5%

Want the full wide moat stocks list?

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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.