HUYA Inc. Reports Fourth Quarter and Fiscal Year 2020 Unaudited Financial Results
HUYA Inc. reported strong financial results for Q4 and the fiscal year ending December 31, 2020. Total net revenues for Q4 rose 21.2% year-over-year to RMB2,990.3 million (US$458.3 million), driven by a 20.0% increase in live streaming revenues. Net income for Q4 surged 58.6% to RMB253.2 million (US$38.8 million). In FY 2020, total revenues climbed 30.3% to RMB10.9 billion (US$1.67 billion), with net income increasing by 88.9% to RMB884.2 million (US$135.5 million). Notably, mobile MAUs grew 29.1% to 79.5 million, enhancing user engagement amidst COVID-19 challenges.
- Total net revenues in FY 2020 increased by 30.3% to RMB10.9 billion.
- Q4 net income rose 58.6% to RMB253.2 million.
- Mobile MAUs for Q4 reached 79.5 million, up 29.1% year-over-year.
- Gross profit for Q4 improved by 28.1% to RMB597.7 million.
- Cost of revenues for Q4 increased by 19.6%, impacting margins.
- Research and development expenses rose 21.0% to RMB215.7 million.
- Sales and marketing expenses surged 63.2% to RMB193.1 million.
GUANGZHOU, China, March 23, 2021 /PRNewswire/ -- HUYA Inc. ("Huya" or the "Company") (NYSE: HUYA), a leading game live streaming platform in China, today announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2020.
Fourth Quarter 2020 Highlights
- Total net revenues for the fourth quarter of 2020 increased by
21.2% to RMB2,990.3 million (US$458.3 million ), from RMB2,467.5 million for the same period of 2019. - Net income attributable to HUYA Inc. was RMB253.2 million (US
$38.8 million ) for the fourth quarter of 2020, representing an increase of58.6% from RMB159.7 million for the same period of 2019. - Non-GAAP net income attributable to HUYA Inc.[1] was RMB305.9 million (US
$46.9 million ) for the fourth quarter of 2020, representing an increase of26.5% from RMB241.9 million for the same period of 2019. - Average mobile MAUs[2] of Huya Live in the fourth quarter of 2020 reached 79.5 million, representing an increase of
29.1% from 61.6 million in the fourth quarter of 2019. - Average MAUs[3] of Huya Live in the fourth quarter of 2020 reached 178.5 million, representing an increase of
18.8% from 150.2 million in the fourth quarter of 2019. - Total number of paying users[4] of Huya Live in the fourth quarter of 2020 reached 6.0 million, representing an increase of
17.6% from 5.1 million in the fourth quarter of 2019.
"Throughout 2020 we have continuously invested in high-quality broadcasters, e-sports tournaments, and entertainment programs to enrich our content offerings, and have thus seen significant user growth and high level of user engagement, despite the challenges presented by the global COVID-19 pandemic," said Mr. Rongjie Dong, Chief Executive Officer of Huya. "Our mobile MAUs reached 79.5 million in the fourth quarter, an increase of
Ms. Catherine Liu, Chief Financial Officer of Huya, commented, "We are pleased to deliver solid financial results in 2020. For the full year, our total net revenues were up
[1] "Non-GAAP net income attributable to HUYA Inc." is defined as net income attributable to HUYA Inc. before share-based compensation expenses, gain on fair value change of investments and equity investee's investments, and equity investee's partial disposal of its investment, net of income taxes. For more information, refer to "Use of Non-GAAP Financial Measures" and "Reconciliations of GAAP and Non-GAAP Results" at the end of this press release. |
[2] Refers to average monthly active users on mobile apps. Average mobile MAUs for any period is calculated by dividing (i) the sum of active users on the mobile apps for each month during such relevant period, by (ii) the number of months during such relevant period. |
[3] Refers to average monthly active users on our platform. Average MAUs for any period is calculated by dividing (i) the sum of active users on our platform for each month during such relevant period, by (ii) the number of months during such relevant period. |
[4] Refers to the sum of user accounts that purchased various products and services on our platform at least once during such relevant period. |
Fourth Quarter 2020 Financial Results
Total net revenues for the fourth quarter of 2020 increased by
Live streaming revenues increased by
Advertising and other revenues increased by
Cost of revenues increased by
Revenue sharing fees and content costs increased by
Bandwidth costs decreased by
Gross profit increased by
Research and development expenses increased by
Sales and marketing expenses increased by
General and administrative expenses decreased by
Operating income increased by
Non-GAAP operating income, which excludes share-based compensation expenses, increased by
Income tax expenses increased by
Net income attributable to HUYA Inc. for the fourth quarter of 2020 increased by
Non-GAAP net income attributable to HUYA Inc. for the fourth quarter of 2020, which excludes share-based compensation expenses, gain on fair value change of investments and equity investee's investments, and equity investee's partial disposal of its investment, net of income taxes, increased by
Diluted net income per American depositary share ("ADS") was RMB1.05 (US
Non-GAAP diluted net income per ADS was RMB1.27 (US
Balance Sheets and Cash Flow
As of December 31, 2020, the Company had cash and cash equivalents, short-term deposits and short-term investments of RMB10,474.9 million (US
Net cash provided by operating activities was RMB458.9 million (US
Fiscal Year 2020 Financial Results
Total net revenues in fiscal year 2020 increased by
Live streaming revenues increased by
Advertising and other revenues increased by
Cost of revenues increased by
Revenue sharing fees and content costs increased by
Bandwidth costs increased by
Gross profit increased by
Research and development expenses increased by
Sales and marketing expenses increased by
General and administrative expenses increased by
Operating income increased by
Non-GAAP operating income, which excludes share-based compensation expenses, increased by
Income tax expenses increased by
Net income attributable to HUYA Inc. increased by
Non-GAAP net income attributable to HUYA Inc. in fiscal year 2020, which excludes share-based compensation expenses, gain on fair value change of investments and equity investee's investments, and equity investee's partial disposal of its investment, net of income taxes, increased by
Diluted net income per ADS was RMB3.71 (US
Non-GAAP diluted net income per ADS was RMB5.29 (US
Net cash provided by operating activities was RMB1,239.9 million (US
Conference Call
The Company's management will host an earnings conference call at 7:00 a.m. U.S. Eastern Time on March 23, 2021 (7:00 p.m. Beijing/Hong Kong time on March 23, 2021).
For participants who wish to join the call, please complete online registration using the link provided below at least 20 minutes prior to the scheduled call start time. Upon registration, participants will receive the conference call access information, including dial-in numbers, Direct Event passcode, a unique registrant ID and an e-mail with detailed instructions to join the conference call.
Participant Online Registration: http://apac.directeventreg.com/registration/event/2296665
Once complete the registration, please dial-in at least 10 minutes before the scheduled start time of the earnings call and enter the Direct Event passcode and registrant ID as instructed to connect to the call.
Additionally, a live and archived webcast of the conference call will be available on the Company's investor relations website at http://ir.huya.com.
A replay of the conference call will be accessible approximately two hours after the conclusion of the live call until March 30, 2021, by dialing the following telephone numbers:
United States: | +1-646-254-3697 |
International: | +61-2-8199-0299 |
Hong Kong, China: | +852-3051-2780 |
Replay Access Code: | 2296665 |
About HUYA Inc.
HUYA Inc. is a leading game live streaming platform in China with a large and active game live streaming community. The Company cooperates with e-sports event organizers, as well as major game developers and publishers, and has developed e-sports live streaming as one of the most popular content genres on its platform. The Company has created an engaged, interactive and immersive community for game enthusiasts of China's young generation. Building on its success in game live streaming, Huya has also extended its content to other entertainment content genres. Huya's open platform also functions as a marketplace for broadcasters and talent agencies to congregate and closely collaborate with the Company.
Use of Non-GAAP Financial Measures
The unaudited condensed consolidated financial information is prepared in conformity with accounting principles generally accepted in the United States of America ("U.S. GAAP"), except that the consolidated statement of changes in shareholders' equity, consolidated statements of cash flows, and the detailed notes have not been presented. Huya uses non-GAAP gross profit, non-GAAP operating income, non-GAAP net income attributable to HUYA Inc., non-GAAP net income attributable to ordinary shareholders, and non-GAAP basic and diluted net income per ADS, which are non-GAAP financial measures. Non-GAAP gross profit is gross profit excluding share-based compensation expenses allocated in cost of revenues. Non-GAAP operating income is operating income excluding share-based compensation expenses. Non-GAAP net income attributable to HUYA Inc. is net income attributable to HUYA Inc. excluding share-based compensation expenses, gain on fair value change of investments and equity investee's investments, and equity investee's partial disposal of its investment, net of income taxes. Non-GAAP net income attributable to ordinary shareholders is net income attributable to ordinary shareholders excluding share-based compensation expenses, gain on fair value change of investments and equity investee's investments, and equity investee's partial disposal of its investment, net of income taxes. Non-GAAP basic and diluted net income per ADS is non-GAAP net income attributable to ordinary shareholders divided by weighted average number of ordinary shares used in the calculation of non-GAAP basic and diluted net income per ADS. The Company believes that separate analysis and exclusion of the impact of (i) share-based compensation expenses, and (ii) gain on fair value change of investments and equity investee's investments, and equity investee's partial disposal of its investment, net of income taxes add clarity to the constituent parts of its performance. The Company reviews these non-GAAP financial measures together with GAAP financial measures to obtain a better understanding of its operating performance. It uses the non-GAAP financial measure for planning, forecasting and measuring results against the forecast. The Company believes that non-GAAP financial measure is useful supplemental information for investors and analysts to assess its operating performance without the effect of (i) share-based compensation expenses, which have been and will continue to be significant recurring expenses in its business, and (ii) gain on fair value change of investments and equity investee's investments, and equity investee's partial disposal of its investment, net of income taxes, which both may recur when there is observable price change in the future. However, the use of non-GAAP financial measures has material limitations as an analytical tool. One of the limitations of using non-GAAP financial measures is that they do not include all items that impact the Company's net income for the period. In addition, because non-GAAP financial measures are not measured in the same manner by all companies, they may not be comparable to other similar titled measures used by other companies. In light of the foregoing limitations, you should not consider non-GAAP financial measure in isolation from or as an alternative to the financial measure prepared in accordance with U.S. GAAP.
The presentation of these non-GAAP financial measures is not intended to be considered in isolation from, or as a substitute for, the financial information prepared and presented in accordance with U.S. GAAP. For more information on these non-GAAP financial measures, please see the table captioned "HUYA Inc. Reconciliations of GAAP and Non-GAAP Results" near the end of this release.
Exchange Rate Information
This announcement contains translations of certain RMB amounts into U.S. dollars at a specified rate solely for the convenience of the reader. Unless otherwise noted, all translations from RMB to U.S. dollars are made at a rate of RMB6.5250 to US
Safe Harbor Statement
This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Among other things, the business outlook and quotations from management in this announcement, as well as Huya's strategic and operational plans, contain forward-looking statements. Huya may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission ("SEC"), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about Huya's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: Huya's goals and strategies; Huya's future business development, results of operations and financial condition; the expected growth of the game live streaming market; the expectation regarding the rate at which to gain active users, especially paying users; Huya's ability to monetize the user base; fluctuations in general economic and business conditions in China; the impact of the COVID-19 to Huya's business operations and the economy in China and elsewhere generally; any adverse changes in laws, regulations, rules, policies or guidelines applicable to Huya; the occurrence of any event, change or other circumstances that could give rise to the right of one or both of Huya and DouYu to terminate the definitive merger agreement between Huya and DouYu; the outcome of any legal proceedings that may be instituted against Huya, DouYu or their respective shareholders or directors; the ability to obtain regulatory approvals and meet other closing conditions to the merger, including the risk that regulatory approvals required for the merger are not obtained or are obtained subject to conditions that are not anticipated or that are material and adverse to Huya's or DouYu's business; a delay in closing the merger; the ability to obtain approval by DouYu's shareholders on the expected terms and schedule; business disruptions from the proposed merger that will harm Huya's or DouYu's business, including current plans and operations; potential adverse reactions or changes to business relationships resulting from the announcement or completion of the merger; certain restrictions during the pendency of the merger that may impact Huya's or DouYu's ability to pursue certain business opportunities or strategic transactions; the ability of Huya or DouYu to retain and hire key personnel; uncertainty as to the long-term value of the Class A ordinary shares of Huya following the merger; the continued availability of capital and financing following the merger; Huya's ability to realize the intended synergies from the potential merger with DouYu; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in Huya's filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and Huya does not undertake any obligation to update any forward-looking statement, except as required under applicable law.
For investor and media inquiries, please contact:
In China:
HUYA Inc.
Investor Relations
Tel: +86-20-2290-7829
E-mail: ir@huya.com
The Piacente Group, Inc.
Jenny Cai
Tel: +86-10-6508-0677
E-mail: huya@tpg-ir.com
In the United States:
The Piacente Group, Inc.
Brandi Piacente
Tel: +1-212-481-2050
E-mail: huya@tpg-ir.com
HUYA INC. UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS (All amounts in thousands, except share, ADS, per share data and per ADS data) | ||||||
As of December 31, | As of December 31, | |||||
2019 | 2020 | 2020 | ||||
RMB | RMB | US$ | ||||
Assets | ||||||
Current assets | ||||||
Cash and cash equivalents | 1,113,193 | 3,293,573 | 504,762 | |||
Restricted cash | 1,392 | 164,889 | 25,270 | |||
Short-term deposits | 6,743,445 | 5,974,790 | 915,677 | |||
Short-term investments | 2,219,531 | 1,206,539 | 184,910 | |||
Accounts receivable, net | 61,708 | 71,237 | 10,918 | |||
Amounts due from related parties | 51,936 | 64,802 | 9,931 | |||
Prepayments and other current assets | 400,615 | 495,108 | 75,879 | |||
Total current assets | 10,591,820 | 11,270,938 | 1,727,347 | |||
Non-current assets | ||||||
Deferred tax assets | 45,816 | 48,313 | 7,404 | |||
Investments | 379,424 | 467,206 | 71,602 | |||
Property and equipment, net | 96,686 | 94,555 | 14,491 | |||
Intangible assets, net | 45,085 | 62,796 | 9,624 | |||
Right-of-use assets, net | 102,824 | 87,418 | 13,397 | |||
Prepayments and other non-current assets | 104,895 | 379,461 | 58,155 | |||
Total non-current assets | 774,730 | 1,139,749 | 174,673 | |||
Total assets | 11,366,550 | 12,410,687 | 1,902,020 | |||
Liabilities and shareholders' equity | ||||||
Current liabilities | ||||||
Accounts payable | 3,725 | 10,083 | 1,545 | |||
Advances from customers and deferred revenue | 845,966 | 485,878 | 74,464 | |||
Income taxes payable | 26,051 | 56,861 | 8,714 | |||
Accrued liabilities and other current liabilities | 1,460,025 | 1,707,289 | 261,654 | |||
Amounts due to related parties | 79,032 | 95,457 | 14,629 | |||
Lease liabilities due within one year | 31,878 | 29,227 | 4,479 | |||
Total current liabilities | 2,446,677 | 2,384,795 | 365,485 | |||
Non-current liabilities | ||||||
Lease liabilities | 70,110 | 57,620 | 8,831 | |||
Deferred tax liabilities | - | 13,350 | 2,046 | |||
Deferred revenue | 164,913 | 178,144 | 27,302 | |||
Total non-current liabilities | 235,023 | 249,114 | 38,179 | |||
Total liabilities | 2,681,700 | 2,633,909 | 403,664 | |||
HUYA INC. UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS (CONTINUED) (All amounts in thousands, except share, ADS, per share data and per ADS data) | ||||||
As of December 31, | As of December 31, | |||||
2019 | 2020 | 2020 | ||||
RMB | RMB | US$ | ||||
Shareholders' equity | ||||||
Class A ordinary shares (US | 44 | 55 | 8 | |||
Class B ordinary shares (US | 100 | 100 | 15 | |||
Additional paid-in capital | 10,081,946 | 11,465,575 | 1,757,176 | |||
Statutory reserves | 64,679 | 122,429 | 18,763 | |||
Accumulated deficit* | (1,986,054) | (1,883,643) | (288,681) | |||
Accumulated other comprehensive income | 524,135 | 72,262 | 11,075 | |||
Total shareholders' equity | 8,684,850 | 9,776,778 | 1,498,356 | |||
Total liabilities and shareholders' equity | 11,366,550 | 12,410,687 | 1,902,020 | |||
* On January 1, 2020, the Company adopted ASC326, "Financial Instruments-Credit Losses" using modified-retrospective transition | ||||||
HUYA INC. UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (All amounts in thousands, except share, ADS, per share data and per ADS data) | ||||||||||||||
Three Months Ended | Twelve Months Ended | |||||||||||||
December 31, | September 30, | December 31, | December 31, | December 31, | December 31, | December 31, | ||||||||
RMB | RMB | RMB | US$ | RMB | RMB | US$ | ||||||||
Net revenues | ||||||||||||||
Live streaming | 2,346,141 | 2,657,208 | 2,814,869 | 431,398 | 7,976,214 | 10,311,624 | 1,580,326 | |||||||
Advertising and others | 121,329 | 157,632 | 175,473 | 26,892 | 398,287 | 602,750 | 92,375 | |||||||
Total net revenues | 2,467,470 | 2,814,840 | 2,990,342 | 458,290 | 8,374,501 | 10,914,374 | 1,672,701 | |||||||
Cost of revenues(1) | (2,000,909) | (2,194,263) | (2,392,681) | (366,694) | (6,892,579) | (8,646,308) | (1,325,105) | |||||||
Gross profit | 466,561 | 620,577 | 597,661 | 91,596 | 1,481,922 | 2,268,066 | 347,596 | |||||||
Operating expenses(1) | ||||||||||||||
Research and development expenses | (178,290) | (182,683) | (215,664) | (33,052) | (508,714) | (734,261) | (112,530) | |||||||
Sales and marketing expenses | (118,324) | (143,846) | (193,110) | (29,595) | (438,396) | (558,012) | (85,519) | |||||||
General and administrative expenses | (96,367) | (118,741) | (96,053) | (14,721) | (352,824) | (445,006) | (68,200) | |||||||
Total operating expenses | (392,981) | (445,270) | (504,827) | (77,368) | (1,299,934) | (1,737,279) | (266,249) | |||||||
Other income, net | 28,046 | 47,613 | 94,519 | 14,486 | 79,390 | 194,169 | 29,758 | |||||||
Operating income | 101,626 | 222,920 | 187,353 | 28,714 | 261,378 | 724,956 | 111,105 | |||||||
Interest and short-term investments income | 88,346 | 75,919 | 73,993 | 11,340 | 304,491 | 313,366 | 48,025 | |||||||
Gain on fair value change of investments | - | - | - | - | - | 2,160 | 331 | |||||||
Other non-operating expenses | - | - | - | - | - | (10,010) | (1,534) | |||||||
Foreign currency exchange gains (losses), | 99 | 4,677 | (221) | (34) | 1,157 | 2,056 | 315 | |||||||
Income before income tax expenses | 190,071 | 303,516 | 261,125 | 40,020 | 567,026 | 1,032,528 | 158,242 | |||||||
Income tax expenses | (27,599) | (50,657) | (37,285) | (5,714) | (96,078) | (176,784) | (27,093) | |||||||
Income before share of (loss) income in | 162,472 | 252,859 | 223,840 | 34,306 | 470,948 | 855,744 | 131,149 | |||||||
Share of (loss) income in equity method | (2,802) | 154 | 29,321 | 4,494 | (2,775) | 28,414 | 4,355 | |||||||
Net income attributable to HUYA Inc. | 159,670 | 253,013 | 253,161 | 38,800 | 468,173 | 884,158 | 135,504 | |||||||
Net income attributable to ordinary | 159,670 | 253,013 | 253,161 | 38,800 | 468,173 | 884,158 | 135,504 | |||||||
HUYA INC. UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (CONTINUED) (All amounts in thousands, except share, ADS, per share data and per ADS data) | ||||||||||||||
Three Months Ended | Twelve Months Ended | |||||||||||||
December 31, | September 30, | December 31, | December 31, | December 31, | December 31, | December 31, | ||||||||
RMB | RMB | RMB | US$ | RMB | RMB | US$ | ||||||||
Net income per ADS* | ||||||||||||||
—Basic | 0.73 | 1.10 | 1.07 | 0.16 | 2.18 | 3.89 | 0.60 | |||||||
—Diluted | 0.68 | 1.05 | 1.05 | 0.16 | 2.02 | 3.71 | 0.57 | |||||||
Net income per ordinary share | ||||||||||||||
—Basic | 0.73 | 1.10 | 1.07 | 0.16 | 2.18 | 3.89 | 0.60 | |||||||
—Diluted | 0.68 | 1.05 | 1.05 | 0.16 | 2.02 | 3.71 | 0.57 | |||||||
Weighted average number of ADS used in | ||||||||||||||
—Basic | 219,382,541 | 230,554,718 | 236,099,598 | 236,099,598 | 214,811,862 | 227,081,238 | 227,081,238 | |||||||
—Diluted | 236,144,302 | 240,474,833 | 240,985,724 | 240,985,724 | 232,024,961 | 238,631,613 | 238,631,613 | |||||||
* Each ADS represents one Class A ordinary share. | ||||||||||||||
(1) Share-based compensation was allocated in cost of revenues and operating expenses as follows: | ||||||||||||||
Three Months Ended | Twelve Months Ended | |||||||||||||
December 31, | September 30, | December 31, | December 31, | December 31, | December 31, | December 31, | ||||||||
RMB | RMB | RMB | US$ | RMB | RMB | US$ | ||||||||
Cost of revenues | 14,806 | 17,352 | 17,003 | 2,606 | 31,593 | 64,942 | 9,953 | |||||||
Research and development expenses | 36,369 | 42,552 | 36,653 | 5,617 | 86,296 | 150,723 | 23,099 | |||||||
Sales and marketing expenses | 2,640 | 2,711 | 2,050 | 314 | 5,919 | 9,879 | 1,514 | |||||||
General and administrative expenses | 28,370 | 45,549 | 26,281 | 4,028 | 157,936 | 182,664 | 27,994 | |||||||
HUYA INC. RECONCILIATIONS OF GAAP AND NON-GAAP RESULTS (All amounts in thousands, except share, ADS, per share data and per ADS data) | ||||||||||||||
Three Months Ended | Twelve Months Ended | |||||||||||||
December 31, | September 30, | December 31, | December 31, | December 31, | December 31, | December 31, | ||||||||
RMB | RMB | RMB | US$ | RMB | RMB | US$ | ||||||||
Gross profit | 466,561 | 620,577 | 597,661 | 91,596 | 1,481,922 | 2,268,066 | 347,596 | |||||||
Share-based compensation expenses allocated | 14,806 | 17,352 | 17,003 | 2,606 | 31,593 | 64,942 | 9,953 | |||||||
Non-GAAP gross profit | 481,367 | 637,929 | 614,664 | 94,202 | 1,513,515 | 2,333,008 | 357,549 | |||||||
Operating income | 101,626 | 222,920 | 187,353 | 28,714 | 261,378 | 724,956 | 111,105 | |||||||
Share-based compensation expenses | 82,185 | 108,164 | 81,987 | 12,565 | 281,744 | 408,208 | 62,560 | |||||||
Non-GAAP operating income | 183,811 | 331,084 | 269,340 | 41,279 | 543,122 | 1,133,164 | 173,665 | |||||||
Net income attributable to HUYA Inc. | 159,670 | 253,013 | 253,161 | 38,800 | 468,173 | 884,158 | 135,504 | |||||||
Gain on fair value change of investments and | - | - | (29,231) | (4,480) | - | (30,851) | (4,728) | |||||||
Share-based compensation expenses | 82,185 | 108,164 | 81,987 | 12,565 | 281,744 | 408,208 | 62,560 | |||||||
Non-GAAP net income attributable to | 241,855 | 361,177 | 305,917 | 46,885 | 749,917 | 1,261,515 | 193,336 | |||||||
Net income attributable to ordinary | 159,670 | 253,013 | 253,161 | 38,800 | 468,173 | 884,158 | 135,504 | |||||||
Gain on fair value change of investments and | - | - | (29,231) | (4,480) | - | (30,851) | (4,728) | |||||||
Share-based compensation expenses | 82,185 | 108,164 | 81,987 | 12,565 | 281,744 | 408,208 | 62,560 | |||||||
Non-GAAP net income attributable to | 241,855 | 361,177 | 305,917 | 46,885 | 749,917 | 1,261,515 | 193,336 | |||||||
Non-GAAP net income per ordinary share | ||||||||||||||
—Basic | 1.10 | 1.57 | 1.30 | 0.20 | 3.49 | 5.56 | 0.85 | |||||||
—Diluted | 1.02 | 1.50 | 1.27 | 0.19 | 3.23 | 5.29 | 0.81 | |||||||
Non-GAAP net income per ADS | ||||||||||||||
—Basic | 1.10 | 1.57 | 1.30 | 0.20 | 3.49 | 5.56 | 0.85 | |||||||
—Diluted | 1.02 | 1.50 | 1.27 | 0.19 | 3.23 | 5.29 | 0.81 | |||||||
Weighted average number of ADS used in | ||||||||||||||
—Basic | 219,382,541 | 230,554,718 | 236,099,598 | 236,099,598 | 214,811,862 | 227,081,238 | 227,081,238 | |||||||
—Diluted | 236,144,302 | 240,474,833 | 240,985,724 | 240,985,724 | 232,024,961 | 238,631,613 | 238,631,613 | |||||||
View original content:http://www.prnewswire.com/news-releases/huya-inc-reports-fourth-quarter-and-fiscal-year-2020-unaudited-financial-results-301253482.html
SOURCE HUYA Inc.
FAQ
What were HUYA's Q4 2020 financial results?
How did HUYA perform in fiscal year 2020?
What factors contributed to HUYA's revenue growth?
What is the trend in HUYA's paying users?
What were the changes in HUYA's costs in Q4 2020?
