HUYA Inc. Reports Second Quarter 2021 Unaudited Financial Results

Rhea-AI Summary

HUYA Inc. has reported its second quarter financial results for 2021, showcasing a 9.8% increase in total net revenues to RMB2,962.4 million (US$458.8 million). Despite this growth, net income fell to RMB186.3 million (US$28.8 million), down from RMB206.8 million a year prior. Average mobile MAUs grew by 2.6% to 77.6 million, although paying users declined to 5.6 million from 6.2 million. The company aims to enhance its content ecosystem and user experience for future growth.

Positive

• Total net revenues increased by 9.8% to RMB2,962.4 million.
• Advertising and other revenues surged by 189.9% to RMB383.2 million.
• Average mobile MAUs rose by 2.6% to 77.6 million.

Negative

• Net income attributable to HUYA decreased to RMB186.3 million from RMB206.8 million.
• Non-GAAP net income dropped to RMB250.1 million from RMB331.0 million.
• Total number of paying users fell to 5.6 million from 6.2 million.

GUANGZHOU, China, Aug. 17, 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 second quarter ended June 30, 2021.

Second Quarter 2021 Highlights

• Total net revenues for the second quarter of 2021 increased by 9.8% to RMB2,962.4 million (US$458.8 million), from RMB2,697.2 million for the same period of 2020.
• Net income attributable to HUYA Inc. was RMB186.3 million (US$28.8 million) for the second quarter of 2021, compared with RMB206.8 million for the same period of 2020.
• Non-GAAP net income attributable to HUYA Inc.^[1] was RMB250.1 million (US$38.7 million) for the second quarter of 2021, compared with RMB331.0 million for the same period of 2020.
• Average mobile MAUs^[2] of Huya Live in the second quarter of 2021 increased by 2.6% to 77.6 million, from 75.6 million in the same period of 2020.
• Total number of paying users^[3] of Huya Live in the second quarter of 2021 reached 5.6 million, compared with 6.2 million in the same period of 2020.

"In the second quarter, we amplified our efforts in enriching our content offerings and attracting users, which drove steady growth of mobile users. Average mobile MAUs of Huya Live reached 77.6 million in the second quarter of 2021," said Mr. Rongjie Dong, Chief Executive Officer of Huya. "Going forward, it is crucial for us to continue to expand our content ecosystem and optimize user experience in order to solidify our foundation for future growth opportunities."

Ms. Catherine Liu, Chief Financial Officer of Huya, commented, "Our strong execution capabilities sustained our top-line growth in the quarter, resulting in a 9.8% year-over-year increase in total net revenues to RMB2,962.4 million. We will remain firmly committed to our corporate strategy of investing in quality content, growing user base and improving monetization to maintain and strengthen our leading position in the game live streaming industry."

[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, please 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 the sum of user accounts that purchased various products and services on our platform at least once during such relevant period.

Second Quarter 2021 Financial Results

Total net revenues for the second quarter of 2021 increased by 9.8% to RMB2,962.4 million (US$458.8 million), from RMB2,697.2 million for the same period of 2020.

Live streaming revenues increased by 0.6% to RMB2,579.2 million (US$399.5 million) for the second quarter of 2021, from RMB2,565.1 million for the same period of 2020, primarily due to the increase in the overseas live streaming revenues.

Advertising and other revenues increased by 189.9% to RMB383.2 million (US$59.4 million) for the second quarter of 2021, from RMB132.2 million for the same period of 2020, primarily driven by the revenues from licensing of content.

Cost of revenues increased by 12.2% to RMB2,381.1 million (US$368.8 million) for the second quarter of 2021 from RMB2,122.2 million for the same period of 2020, primarily attributable to the increase in revenue sharing fees and content costs.

Revenue sharing fees and content costs increased by 21.2% to RMB2,039.2 million (US$315.8 million) for the second quarter of 2021 from RMB1,682.9 million for the same period of 2020, primarily due to the increase in revenue sharing fees, and the increase in spending in e-sports content and on content creators.

Bandwidth costs decreased by 35.3% to RMB171.4 million (US$26.5 million) for the second quarter of 2021 from RMB264.8 million for the same period of 2020, primarily due to improved bandwidth cost management and continued technology enhancement efforts.

Gross profit increased by 1.1% to RMB581.3 million (US$90.0 million) for the second quarter of 2021 from RMB575.0 million for the same period of 2020. Gross margin was 19.6% for the second quarter of 2021, compared with 21.3% for the same period of 2020.

Research and development expenses increased by 15.6% to RMB207.9 million (US$32.2 million) for the second quarter of 2021 from RMB179.9 million for the same period of 2020, primarily attributable to increased personnel-related expenses.

Sales and marketing expenses increased by 45.9% to RMB167.0 million (US$25.9 million) for the second quarter of 2021 from RMB114.5 million for the same period of 2020, primarily attributable to increased marketing expenses to promote the Company's content, products, services and brand name.

General and administrative expenses decreased by 48.5% to RMB72.1 million (US$11.2 million) for the second quarter of 2021 from RMB140.0 million for the same period of 2020, primarily due to lower share-based compensation expenses.

Operating income increased by 0.3% to RMB181.9 million (US$28.2 million) for the second quarter of 2021 from RMB181.4 million for the same period of 2020. Operating margin was 6.1% for the second quarter of 2021, compared with 6.7% for the same period of 2020.

Interest and short-term investments income was RMB57.7 million (US$8.9 million) for the second quarter of 2021, compared with RMB77.7 million for the same period of 2020, primarily attributable to decreased interest rates.

Income tax expenses increased by 13.7% to RMB58.3 million (US$9.0 million) for the second quarter of 2021 from RMB51.3 million for the same period of 2020.

Net income attributable to HUYA Inc. for the second quarter of 2021 was RMB186.3 million (US$28.8 million), compared with RMB206.8 million for the same period of 2020.

Non-GAAP net income attributable to HUYA Inc. for the second quarter of 2021, 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, was RMB250.1 million (US$38.7 million), compared with RMB331.0 million for the same period of 2020.

Diluted net income per American depositary share ("ADS") was RMB0.77 (US$0.12) for the second quarter of 2021, compared with RMB0.87 for the same period of 2020. Each ADS represents one Class A ordinary share of the Company.

Non-GAAP diluted net income per ADS was RMB1.04 (US$0.16) for the second quarter of 2021, compared with RMB1.40 for the same period of 2020.

Balance Sheets and Cash Flow

As of June 30, 2021, the Company had cash and cash equivalents, short-term deposits and short-term investments of RMB10,738.2 million (US$1,663.1 million), compared with RMB10,651.1 million as of March 31, 2021. The increase was primarily due to net cash provided by operating activities of RMB173.6 million (US$26.9 million) for the second quarter of 2021.

Conference Call

The Company's management will host an earnings conference call at 7:00 a.m. U.S. Eastern Time on August 17, 2021 (7:00 p.m. Beijing/Hong Kong time on August 17, 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: https://apac.directeventreg.com/registration/event/4068808

After registration is complete, 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 August 23, 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:	4068808

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 RMB6.4566 to US$1.00, the rate in effect as of June 30, 2021 as certified for customs purposes by the Federal Reserve Bank of New York.

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; 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 June 30,
		2020		2021		2021
		RMB		RMB		US$
Assets
Current assets
Cash and cash equivalents		3,293,573		3,262,190		505,249
Restricted cash and short-term deposits		164,889		110,341		17,090
Short-term deposits		5,974,790		6,371,240		986,779
Short-term investments		1,206,539		1,104,743		171,103
Accounts receivable, net		71,237		91,819		14,220
Amounts due from related parties, net		64,802		193,915		30,034
Prepayments and other current assets, net		495,108		639,344		99,022
Total current assets		11,270,938		11,773,592		1,823,497
Non-current assets
Deferred tax assets		48,313		57,425		8,894
Investments		467,206		504,944		78,206
Property and equipment, net		94,555		86,905		13,460
Intangible assets, net		62,796		94,915		14,700
Right-of-use assets, net		87,418		95,145		14,736
Prepayments and other non-current assets		379,461		393,789		60,990
Total non-current assets		1,139,749		1,233,123		190,986
Total assets		12,410,687		13,006,715		2,014,483
Liabilities and shareholders' equity
Current liabilities
Accounts payable		10,083		56,130		8,693
Advances from customers and deferred revenue		485,878		375,636		58,179
Income taxes payable		56,861		18,619		2,884
Accrued liabilities and other current liabilities		1,707,289		1,775,771		275,030
Amounts due to related parties		95,457		266,219		41,232
Lease liabilities due within one year		29,227		36,421		5,641
Total current liabilities		2,384,795		2,528,796		391,659
Non-current liabilities
Lease liabilities		57,620		59,460		9,209
Deferred tax liabilities		13,350		11,900		1,843
Deferred revenue		178,144		170,845		26,461
Total non-current liabilities		249,114		242,205		37,513
Total liabilities		2,633,909		2,771,001		429,172

 

 

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 June 30,
		2020		2021		2021
		RMB		RMB		US$
Shareholders' equity
Class A ordinary shares (US$0.0001 par value;    750,000,000 shares authorized as of December    31, 2020 and June 30, 2021, respectively;    83,490,841 and 84,742,413 shares issued and    outstanding as of December 31, 2020 and June    30, 2021, respectively)		55		56		9
Class B ordinary shares (US$0.0001 par value; 2    00,000,000 shares authorized as of December    31, 2020 and June 30, 2021, respectively;    152,357,321 and 152,357,321 shares issued and    outstanding as of December 31, 2020 and June    30, 2021, respectively)		100		100		15
Additional paid-in capital		11,465,575		11,617,578		1,799,334
Statutory reserves		122,429		122,429		18,962
Accumulated deficit		(1,883,643)		(1,511,854)		(234,156)
Accumulated other comprehensive income		72,262		7,405		1,147
Total shareholders' equity		9,776,778		10,235,714		1,585,311
Total liabilities and shareholders' equity		12,410,687		13,006,715		2,014,483

 

 

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								Six Months Ended
		June 30, 2020		March 31, 2021		June 30, 2021		June 30, 2021		June 30, 2020		June 30, 2021		June 30, 2021
		RMB		RMB		RMB		US$		RMB		RMB		US$
Net revenues
Live streaming		2,565,057		2,392,275		2,579,178		399,464		4,839,547		4,971,453		769,980
Advertising and others		132,187		212,509		383,197		59,350		269,645		595,706		92,263
Total net revenues		2,697,244		2,604,784		2,962,375		458,814		5,109,192		5,567,159		862,243
Cost of revenues(1)		(2,122,219)		(2,090,896)		(2,381,056)		(368,779)		(4,059,364)		(4,471,952)		(692,617)
Gross profit		575,025		513,888		581,319		90,035		1,049,828		1,095,207		169,626
Operating expenses(1)
Research and development expenses		(179,856)		(199,071)		(207,899)		(32,199)		(335,914)		(406,970)		(63,032)
Sales and marketing expenses		(114,520)		(144,585)		(167,045)		(25,872)		(221,056)		(311,630)		(48,265)
General and administrative expenses		(140,006)		(84,091)		(72,130)		(11,172)		(230,212)		(156,221)		(24,196)
Total operating expenses		(434,382)		(427,747)		(447,074)		(69,243)		(787,182)		(874,821)		(135,493)
Other income, net		40,710		75,968		47,643		7,379		52,037		123,611		19,145
Operating income		181,353		162,109		181,888		28,171		314,683		343,997		53,278
Interest and short-term investments income		77,714		65,130		57,729		8,941		163,454		122,859		19,028
Gain on fair value change of investments		-		-		3,593		556		2,160		3,593		556
Other non-operating expenses		-		-		-		-		(10,010)		-		-
Foreign currency exchange (losses) gains,     net		(975)		(2,260)		722		112		(2,400)		(1,538)		(238)
Income before income tax expenses		258,092		224,979		243,932		37,780		467,887		468,911		72,624
Income tax expenses		(51,286)		(39,410)		(58,291)		(9,028)		(88,842)		(97,701)		(15,132)
Income before share of (loss) income in    equity method investments, net of    income taxes		206,806		185,569		185,641		28,752		379,045		371,210		57,492
Share of (loss) income in equity method    investments, net of income taxes		(48)		(31)		610		94		(1,061)		579		90
Net income attributable to HUYA Inc.		206,758		185,538		186,251		28,846		377,984		371,789		57,582
Net income attributable to ordinary    shareholders		206,758		185,538		186,251		28,846		377,984		371,789		57,582

 

 

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								Six Months Ended
		June 30, 2020		March 31, 2021		June 30, 2021		June 30, 2021		June 30, 2020		June 30, 2021		June 30, 2021
		RMB		RMB		RMB		US$		RMB		RMB		US$
Net income per ADS*
—Basic		0.93		0.78		0.78		0.12		1.71		1.57		0.24
—Diluted		0.87		0.77		0.77		0.12		1.60		1.54		0.24
Net income per ordinary share
—Basic		0.93		0.78		0.78		0.12		1.71		1.57		0.24
—Diluted		0.87		0.77		0.77		0.12		1.60		1.54		0.24
Weighted average number of ADS used in    calculating net income per ADS
—Basic		221,599,311		236,602,426		238,105,367		238,105,367		220,766,682		237,358,048		237,358,048
—Diluted		236,295,396		241,872,722		241,536,071		241,536,071		236,183,381		241,727,114		241,727,114
** 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								Six Months Ended
		June 30, 2020		March 31, 2021		June 30, 2021		June 30, 2021		June 30, 2020		June 30, 2021		June 30, 2021
		RMB		RMB		RMB		US$		RMB		RMB		US$
Cost of revenues		15,707		16,621		12,969		2,009		30,587		29,590		4,583
Research and development expenses		35,195		36,741		32,226		4,991		71,518		68,967		10,682
Sales and marketing expenses		2,540		1,891		1,670		259		5,118		3,561		552
General and administrative expenses		70,784		25,124		20,636		3,196		110,834		45,760		7,087

 

 

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								Six Months Ended
		June 30, 2020		March 31, 2021		June 30, 2021		June 30, 2021		June 30, 2020		June 30, 2021		June 30, 2021
		RMB		RMB		RMB		US$		RMB		RMB		US$
Gross profit		575,025		513,888		581,319		90,035		1,049,828		1,095,207		169,626
Share-based compensation expenses allocated    in cost of revenues		15,707		16,621		12,969		2,009		30,587		29,590		4,583
Non-GAAP gross profit		590,732		530,509		594,288		92,044		1,080,415		1,124,797		174,209
Operating income		181,353		162,109		181,888		28,171		314,683		343,997		53,278
Share-based compensation expenses		124,226		80,377		67,501		10,455		218,057		147,878		22,904
Non-GAAP operating income		305,579		242,486		249,389		38,626		532,740		491,875		76,182
Net income attributable to HUYA Inc.		206,758		185,538		186,251		28,846		377,984		371,789		57,582
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		-		-		(3,619)		(561)		(1,620)		(3,619)		(561)
Share-based compensation expenses		124,226		80,377		67,501		10,455		218,057		147,878		22,904
Non-GAAP net income attributable to    HUYA Inc.		330,984		265,915		250,133		38,740		594,421		516,048		79,925
Net income attributable to ordinary    shareholders		206,758		185,538		186,251		28,846		377,984		371,789		57,582
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		-		-		(3,619)		(561)		(1,620)		(3,619)		(561)
Share-based compensation expenses		124,226		80,377		67,501		10,455		218,057		147,878		22,904
Non-GAAP net income attributable to    ordinary shareholders		330,984		265,915		250,133		38,740		594,421		516,048		79,925
Non-GAAP net income per ordinary share
—Basic		1.49		1.12		1.05		0.16		2.69		2.17		0.34
—Diluted		1.40		1.10		1.04		0.16		2.52		2.13		0.33
Non-GAAP net income per ADS
—Basic		1.49		1.12		1.05		0.16		2.69		2.17		0.34
—Diluted		1.40		1.10		1.04		0.16		2.52		2.13		0.33
Weighted average number of ADS used in     calculating Non-GAAP net income per    ADS
—Basic		221,599,311		236,602,426		238,105,367		238,105,367		220,766,682		237,358,048		237,358,048
—Diluted		236,295,396		241,872,722		241,536,071		241,536,071		236,183,381		241,727,114		241,727,114

 

View original content:https://www.prnewswire.com/news-releases/huya-inc-reports-second-quarter-2021-unaudited-financial-results-301356549.html

SOURCE HUYA Inc.

FAQ

What were HUYA's total net revenues for Q2 2021?

HUYA's total net revenues for Q2 2021 were RMB2,962.4 million (US$458.8 million), a 9.8% increase from the previous year.

How much did HUYA earn in net income for Q2 2021?

HUYA reported a net income of RMB186.3 million (US$28.8 million) for Q2 2021, down from RMB206.8 million in Q2 2020.

What is the current status of HUYA's mobile active users?

As of Q2 2021, HUYA had an average of 77.6 million mobile MAUs, representing a growth of 2.6% year-over-year.

How did HUYA's number of paying users change in Q2 2021?

The total number of paying users of HUYA Live decreased to 5.6 million in Q2 2021, compared to 6.2 million in the same period of 2020.

What was HUYA's financial outlook following the Q2 2021 results?

HUYA aims to continue enhancing its content ecosystem and user experience to drive future growth.