HUYA Inc. Reports Second Quarter 2024 Unaudited Financial Results and Announces Share Repurchase Program Extension and Special Cash Dividend
HUYA Inc. (NYSE: HUYA) reported its Q2 2024 unaudited financial results:
- Total net revenues: RMB1,541.6 million (US$212.1 million), down from RMB1,837.8 million in Q2 2023
- Net income: RMB29.6 million (US$4.1 million), up from RMB20.3 million in Q2 2023
- Non-GAAP net income: RMB97.0 million (US$13.3 million), down from RMB117.0 million in Q2 2023
- Average mobile MAUs: 83.5 million, up from 82.9 million in Q2 2023
The company announced a share repurchase program extension and a special cash dividend of US$1.08 per ADS, totaling approximately US$250 million. Game-related services, advertising, and other revenues grew 152.7% year-over-year to RMB308.5 million.
HUYA Inc. (NYSE: HUYA) ha riportato i risultati finanziari non certificati per il secondo trimestre del 2024:
- Ricavi netti totali: 1.541,6 milioni di RMB (212,1 milioni di USD), in calo rispetto a 1.837,8 milioni di RMB nel Q2 2023
- Utile netto: 29,6 milioni di RMB (4,1 milioni di USD), in aumento rispetto a 20,3 milioni di RMB nel Q2 2023
- Utile netto secondo i principi contabili non GAAP: 97,0 milioni di RMB (13,3 milioni di USD), in calo rispetto a 117,0 milioni di RMB nel Q2 2023
- MAU mobili medi: 83,5 milioni, in aumento rispetto a 82,9 milioni nel Q2 2023
L'azienda ha annunciato un programma di riacquisto di azioni esteso e un dividendo speciale in contante di 1,08 dollari USA per ADS, per un totale di circa 250 milioni di dollari USA. I servizi legati ai giochi, la pubblicità e altre entrate sono cresciuti del 152,7% su base annua raggiungendo 308,5 milioni di RMB.
HUYA Inc. (NYSE: HUYA) informó sobre sus resultados financieros no auditados del segundo trimestre de 2024:
- Ingresos netos totales: 1,541.6 millones de RMB (212.1 millones de USD), en comparación con 1,837.8 millones de RMB en el Q2 2023
- Ingreso neto: 29.6 millones de RMB (4.1 millones de USD), un aumento respecto a 20.3 millones de RMB en el Q2 2023
- Ingreso neto no GAAP: 97.0 millones de RMB (13.3 millones de USD), una disminución respecto a 117.0 millones de RMB en el Q2 2023
- MAUs móviles promedio: 83.5 millones, un aumento respecto a 82.9 millones en el Q2 2023
La compañía anunció una extensión del programa de recompra de acciones y un dividendo especial en efectivo de 1.08 USD por ADS, con un total aproximado de 250 millones de USD. Los servicios relacionados con juegos, la publicidad y otros ingresos crecieron un 152.7% interanual, alcanzando 308.5 millones de RMB.
HUYA Inc. (NYSE: HUYA)는 2024년 2분기 감사되지 않은 재무 결과를 발표했습니다:
- 총 순수익: 15억 4160만 RMB (2억 1210만 USD), 2023년 2분기 18억 3780만 RMB에서 감소
- 순이익: 2960만 RMB (410만 USD), 2023년 2분기 2030만 RMB에서 증가
- 비GAAP 순이익: 9700만 RMB (1330만 USD), 2023년 2분기 1억 1700만 RMB에서 감소
- 평균 모바일 MAU: 8350만, 2023년 2분기 8290만에서 증가
회사는 자사주 매입 프로그램 연장과 특별 현금 배당금으로 ADS당 1.08 USD, 총 약 2억 5000만 USD를 발표했습니다. 게임 관련 서비스, 광고 및 기타 수익은 전년 대비 152.7% 성장하여 3억 850만 RMB에 달했습니다.
HUYA Inc. (NYSE: HUYA) a annoncé ses résultats financiers non audités pour le deuxième trimestre 2024 :
- Revenus nets totaux : 1 541,6 millions RMB (212,1 millions USD), en baisse par rapport à 1 837,8 millions RMB au Q2 2023
- Bénéfice net : 29,6 millions RMB (4,1 millions USD), en hausse par rapport à 20,3 millions RMB au Q2 2023
- Bénéfice net non-GAAP : 97,0 millions RMB (13,3 millions USD), en baisse par rapport à 117,0 millions RMB au Q2 2023
- MAU mobiles moyens : 83,5 millions, en hausse par rapport à 82,9 millions au Q2 2023
L’entreprise a annoncé une extension de son programme de rachat d’actions et un dividende exceptionnel en espèces de 1,08 USD par ADS, pour un total d’environ 250 millions USD. Les services liés aux jeux, la publicité et autres revenus ont augmenté de 152,7 % d’une année sur l’autre pour atteindre 308,5 millions RMB.
HUYA Inc. (NYSE: HUYA) hat die nicht prüften Finanzergebnisse für das 2. Quartal 2024 veröffentlicht:
- Gesamte Nettoeinnahmen: 1.541,6 Millionen RMB (212,1 Millionen USD), im Vergleich zu 1.837,8 Millionen RMB im Q2 2023
- Nettoeinkommen: 29,6 Millionen RMB (4,1 Millionen USD), gestiegen von 20,3 Millionen RMB im Q2 2023
- Non-GAAP Nettoergebnis: 97,0 Millionen RMB (13,3 Millionen USD), gesunken von 117,0 Millionen RMB im Q2 2023
- Durchschnittliche mobile MAUs: 83,5 Millionen, gestiegen von 82,9 Millionen im Q2 2023
Das Unternehmen kündigte eine Erweiterung des Aktienrückkaufsprogramms und eine sonstige Barausschüttung von 1,08 USD pro ADS an, insgesamt etwa 250 Millionen USD. Die umsatzgenerierenden Dienste in Zusammenhang mit Spielen, Werbung und anderen Einnahmen sind im Vergleich zum Vorjahr um 152,7 % auf 308,5 Millionen RMB gewachsen.
- Net income increased to RMB29.6 million from RMB20.3 million year-over-year
- Average mobile MAUs grew to 83.5 million from 82.9 million year-over-year
- Game-related services, advertising, and other revenues grew 152.7% year-over-year to RMB308.5 million
- Total operating expenses reduced by 26.3% year-over-year
- Declared a special cash dividend of US$1.08 per ADS, totaling approximately US$250 million
- Extended share repurchase program with remaining quota of US$43.3 million
- Total net revenues decreased to RMB1,541.6 million from RMB1,837.8 million year-over-year
- Non-GAAP net income decreased to RMB97.0 million from RMB117.0 million year-over-year
- Live streaming revenues declined to RMB1,233.1 million from RMB1,715.7 million year-over-year
- Gross margin decreased to 13.9% from 15.7% year-over-year
- Operating loss of RMB26.0 million, compared to a loss of RMB32.9 million in Q2 2023
Insights
HUYA's Q2 2024 results present a mixed financial picture. While total net revenues declined
The improved cost management is noteworthy, with total operating expenses down
The strong balance sheet with
HUYA's Q2 results reflect the ongoing challenges in China's live streaming industry, with live streaming revenues declining significantly. However, the company's strategic pivot towards game-related services is showing early signs of success, now accounting for
The increase in average mobile MAUs to 83.5 million and paying users to 4.5 million suggests that HUYA's content strategy and platform improvements are resonating with users. The company's efforts to expand its reach through partnerships with other content platforms could potentially drive future growth.
The macro environment remains uncertain, but HUYA's diversification strategy and operational efficiency improvements position it well to navigate these challenges. The special dividend and share repurchase program extension also demonstrate management's confidence in the company's financial stability and future prospects.
HUYA's technological initiatives are yielding positive results, particularly in bandwidth cost management. The
The company's focus on product innovation and platform ecology upgrades is important for long-term competitiveness. The integration of live-streaming and video content across multiple platforms showcases HUYA's adaptability to changing user preferences and content consumption patterns.
While research and development expenses decreased by
Second Quarter 2024 Highlights[1]
- Total net revenues for the second quarter of 2024 were
RMB1,541 .6 million (US ), compared with$212.1 million RMB1,837 .8 million for the same period of 2023. - Net income attributable to HUYA Inc. was
RMB29 .6 million (US .1 million) for the second quarter of 2024, compared with$4 RMB20.3 million for the same period of 2023. - Non-GAAP net income attributable to HUYA Inc.[2] was
RMB97.0 million (US .3 million) for the second quarter of 2024, compared with$13 RMB117.0 million for the same period of 2023. - Average mobile MAUs[3] of Huya Live for the second quarter of 2024 was 83.5 million, compared with 82.9 million for the same period of 2023.
"Huya Live's average mobile MAUs increased to 83.5 million for the second quarter of 2024, mainly driven by the success of several e-sports events that we organized. While we continue to enrich our content and improve user experience, we are also enhancing our platform ecology by strengthening our cooperation with various content platforms. We have begun selectively offering our live-streaming and video content on other content platforms to increase the Huya platform's influence and reach a wider range of users," said Mr. Junhong Huang, Acting Co-Chief Executive Officer and Senior Vice President of Huya. "Our strategic transformation initiatives to expand our game industry presence with more game-related services also continued to advance. As we increased collaboration on game promotion, distribution, and in-game item sales with a growing roster of game titles, revenues from our game-related services, advertising and other businesses increased by
Ms. Ashley Xin Wu, Huya's Acting Co-Chief Executive Officer and Vice President of Finance, continued, "Despite ongoing uncertainties in the macro environment and industry landscape, our second quarter total net revenues returned to growth quarter over quarter to reach
[1] In December 2023, the Company acquired a global mobile application service provider from Tencent Holdings Limited for an aggregate cash consideration of |
[2] "Non-GAAP net income attributable to HUYA Inc." is defined as net income attributable to HUYA Inc. excluding share-based compensation expenses, impairment loss of investments, and amortization of intangible assets from business acquisitions, net of income taxes, to the extent applicable. For more information, please refer to the section titled "Use of Non-GAAP Financial Measures" and the table captioned "HUYA Inc. Unaudited Reconciliations of GAAP and Non-GAAP Results" at the end of this press release. |
[3] 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. |
[4] Refers to the sum of user accounts that purchased various products and services on the Company's platform at least once during such relevant period. |
Second Quarter 2024 Financial Results
Total net revenues for the second quarter of 2024 were
Live streaming revenues were
Game-related services, advertising and other revenues (formerly known as advertising and other revenues) were
Cost of revenues decreased by
Revenue sharing fees and content costs decreased by
Bandwidth costs decreased by
Gross profit was
Research and development expenses decreased by
Sales and marketing expenses decreased by
General and administrative expenses decreased by
Other income was
Operating loss was RMB26.0 million (
Interest income was
Net income attributable to HUYA Inc. was
Non-GAAP net income attributable to HUYA Inc. was
Basic and diluted net income per American depositary share ("ADS") were each
Non-GAAP basic and diluted net income per ADS were
As of June 30, 2024, the Company had cash and cash equivalents, short-term deposits, short-term investment and long-term deposits of
Share Repurchase Program
On August 15, 2023, the board of directors of the Company authorized a share repurchase program under which the Company may repurchase up to
In August 2024, the board of directors of the Company authorized the renewal and continued use of the unutilized quota under the existing share repurchase program of
Declaration of Special Cash Dividend
The board of directors of the Company has declared a special cash dividend of
Earnings Webinar
The Company's management will host a
For participants who wish to join the webinar, please complete the online registration in advance using the links provided below. Upon registration, participants will receive an email with webinar access information, including meeting ID, meeting link, dial-in numbers, and a unique attendee ID to join the webinar.
Participant Online Registration:
Chinese Mainland[5]: https://meeting.
International: https://voovmeeting.com/dw/r34tNk4Y7eOs
A live webcast of the webinar will be accessible at https://ir.huya.com, and a replay of the webcast will be available following the session.
[5] For the purpose of this announcement only, Chinese Mainland excludes the Hong Kong Special Administrative Region, the Macao Special Administrative Region of |
About HUYA Inc.
HUYA Inc. is a leading game live streaming platform in
Use of Non-GAAP Financial Measures
The unaudited condensed consolidated financial information is prepared in conformity with accounting principles generally accepted in
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
Exchange Rate Information
This announcement contains translations of certain RMB amounts into
Safe Harbor Statement
This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the
For investor and media inquiries, please contact:
In
HUYA Inc.
Investor Relations
Tel: +86-20-2290-7829
E-mail: ir@huya.com
Piacente Financial Communications
Jenny Cai
Tel: +86-10-6508-0677
E-mail: huya@tpg-ir.com
In
Piacente Financial Communications
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, | |||||
2023 | 2024 | 2024 | ||||
RMB | RMB | US$ | ||||
Assets | ||||||
Current assets | ||||||
Cash and cash equivalents | 511,973 | 1,005,513 | 138,363 | |||
Restricted cash | 18,137 | 16,384 | 2,255 | |||
Short-term deposits | 6,851,160 | 5,567,750 | 766,148 | |||
Short-term investments | - | 10,000 | 1,376 | |||
Accounts receivable, net | 64,258 | 70,295 | 9,673 | |||
Prepaid assets and amounts due from related | 148,648 | 301,710 | 41,517 | |||
Prepayments and other current assets, net | 556,435 | 624,873 | 85,985 | |||
Total current assets | 8,150,611 | 7,596,525 | 1,045,317 | |||
Non-current assets | ||||||
Long-term deposits | 2,553,293 | 1,610,000 | 221,543 | |||
Investments | 751,844 | 643,507 | 88,550 | |||
Goodwill | 456,976 | 459,821 | 63,273 | |||
Property and equipment, net | 326,765 | 408,779 | 56,250 | |||
Intangible assets, net | 161,739 | 143,441 | 19,738 | |||
Right-of-use assets, net | 379,006 | 361,339 | 49,722 | |||
Prepayments and other non-current assets | 144,120 | 121,086 | 16,662 | |||
Total non-current assets | 4,773,743 | 3,747,973 | 515,738 | |||
Total assets | 12,924,354 | 11,344,498 | 1,561,055 | |||
Liabilities and shareholders' equity | ||||||
Current liabilities | ||||||
Accounts payable | 14,961 | 18,444 | 2,538 | |||
Advances from customers and deferred revenue | 412,257 | 287,343 | 39,540 | |||
Income taxes payable | 49,914 | 50,433 | 6,940 | |||
Accrued liabilities and other current liabilities | 1,474,827 | 1,251,704 | 172,239 | |||
Amounts due to related parties | 177,714 | 139,205 | 19,155 | |||
Lease liabilities due within one year | 31,832 | 32,504 | 4,473 | |||
Total current liabilities | 2,161,505 | 1,779,633 | 244,885 | |||
Non-current liabilities | ||||||
Lease liabilities | 48,069 | 33,335 | 4,587 | |||
Deferred tax liabilities | 42,317 | 30,688 | 4,223 | |||
Deferred revenue | 47,864 | 35,862 | 4,935 | |||
Total non-current liabilities | 138,250 | 99,885 | 13,745 | |||
Total liabilities | 2,299,755 | 1,879,518 | 258,630 |
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, | |||||
2023 | 2024 | 2024 | ||||
RMB | RMB | US$ | ||||
Shareholders' equity | ||||||
Class A ordinary shares ( | 61 | 51 | 7 | |||
Class B ordinary shares ( | 98 | 98 | 13 | |||
Treasury shares | (206,345) | (58,668) | (8,073) | |||
Additional paid-in capital | 12,000,100 | 10,606,904 | 1,459,559 | |||
Statutory reserves | 122,429 | 122,429 | 16,847 | |||
Accumulated deficit | (2,052,336) | (1,951,701) | (268,563) | |||
Accumulated other comprehensive income | 760,592 | 745,867 | 102,635 | |||
Total shareholders' equity | 10,624,599 | 9,464,980 | 1,302,425 | |||
Total liabilities and shareholders' equity | 12,924,354 | 11,344,498 | 1,561,055 |
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, 2023* | March 31, 2024 | June 30, 2024 | June 30, 2024 | June 30, 2023* | June 30, 2024 | June 30, 2024 | ||||||||
RMB | RMB | RMB | US$ | RMB | RMB | US$ | ||||||||
Net revenues | ||||||||||||||
Live streaming | 1,715,684 | 1,260,444 | 1,233,064 | 169,675 | 3,575,608 | 2,493,508 | 343,118 | |||||||
Game-related services, advertising and other | 122,079 | 243,603 | 308,518 | 42,453 | 224,605 | 552,121 | 75,974 | |||||||
Total net revenues | 1,837,763 | 1,504,047 | 1,541,582 | 212,128 | 3,800,213 | 3,045,629 | 419,092 | |||||||
Cost of revenues(1) | (1,549,681) | (1,283,502) | (1,326,710) | (182,561) | (3,243,061) | (2,610,212) | (359,177) | |||||||
Gross profit | 288,082 | 220,545 | 214,872 | 29,567 | 557,152 | 435,417 | 59,915 | |||||||
Operating expenses(1) | ||||||||||||||
Research and development expenses | (145,416) | (135,106) | (128,710) | (17,711) | (298,778) | (263,816) | (36,302) | |||||||
Sales and marketing expenses | (118,620) | (76,232) | (61,689) | (8,489) | (221,908) | (137,921) | (18,979) | |||||||
General and administrative expenses | (80,719) | (60,032) | (63,729) | (8,769) | (154,183) | (123,761) | (17,030) | |||||||
Total operating expenses | (344,755) | (271,370) | (254,128) | (34,969) | (674,869) | (525,498) | (72,311) | |||||||
Other income, net | 23,792 | 12,309 | 13,219 | 1,819 | 27,968 | 25,528 | 3,513 | |||||||
Operating loss | (32,881) | (38,516) | (26,037) | (3,583) | (89,749) | (64,553) | (8,883) | |||||||
Interest income | 125,349 | 117,052 | 102,523 | 14,108 | 221,721 | 219,575 | 30,215 | |||||||
Impairment loss of investments | (65,115) | - | (45,079) | (6,203) | (65,115) | (45,079) | (6,203) | |||||||
Foreign currency exchange (losses) gains, net | (2,465) | (2,419) | 364 | 50 | (2,052) | (2,055) | (283) | |||||||
Income before income tax expenses | 24,888 | 76,117 | 31,771 | 4,372 | 64,805 | 107,888 | 14,846 | |||||||
Income tax expenses | (4,592) | (5,084) | (2,169) | (298) | (4,896) | (7,253) | (998) | |||||||
Net income attributable to HUYA Inc. | 20,296 | 71,033 | 29,602 | 4,074 | 59,909 | 100,635 | 13,848 | |||||||
Net income attributable to ordinary | 20,296 | 71,033 | 29,602 | 4,074 | 59,909 | 100,635 | 13,848 |
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 | Six Months Ended | |||||||||||||||||||||||||
June 30, 2023* | March 31, 2024 | June 30, 2024 | June 30, 2024 | June 30, 2023* | June 30, 2024 | June 30, 2024 | ||||||||||||||||||||
RMB | RMB | RMB | US$ | RMB | RMB | US$ | ||||||||||||||||||||
Net income per ADS** | ||||||||||||||||||||||||||
—Basic | 0.08 | 0.30 | 0.13 | 0.02 | 0.25 | 0.43 | 0.06 | |||||||||||||||||||
—Diluted | 0.08 | 0.30 | 0.13 | 0.02 | 0.24 | 0.43 | 0.06 | |||||||||||||||||||
Net income per ordinary share | ||||||||||||||||||||||||||
—Basic | 0.08 | 0.30 | 0.13 | 0.02 | 0.25 | 0.43 | 0.06 | |||||||||||||||||||
—Diluted | 0.08 | 0.30 | 0.13 | 0.02 | 0.24 | 0.43 | 0.06 | |||||||||||||||||||
Weighted average number of ADS used in | ||||||||||||||||||||||||||
—Basic | 243,751,192 | 233,157,641 | 231,022,644 | 231,022,644 | 243,751,192 | 232,098,893 | 232,098,893 | |||||||||||||||||||
—Diluted | 246,832,447 | 236,271,702 | 234,167,978 | 234,167,978 | 246,832,447 | 235,275,697 | 235,275,697 | |||||||||||||||||||
* HUYA Inc. Unaudited Condensed Consolidated Statements of Operations for three months ended June 30, 2023 and six months ended June 30, | ||||||||||||||||||||||||||
** 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, 2023 | March 31, 2024 | June 30, 2024 | June 30, 2024 | June 30, 2023 | June 30, 2024 | June 30, 2024 | ||||||||
RMB | RMB | RMB | US$ | RMB | RMB | US$ | ||||||||
Cost of revenues | 5,347 | 4,285 | 4,492 | 618 | 13,611 | 8,777 | 1,208 | |||||||
Research and development expenses | 12,897 | 7,616 | 7,873 | 1,083 | 32,837 | 15,489 | 2,131 | |||||||
Sales and marketing expenses | 716 | 366 | 446 | 61 | 1,943 | 812 | 112 | |||||||
General and administrative expenses | 7,806 | 4,268 | 4,573 | 629 | 19,068 | 8,841 | 1,217 |
HUYA INC. | ||||||||||||||
UNAUDITED 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, 2023* | March 31, 2024 | June 30, 2024 | June 30, 2024 | June 30, 2023* | June 30, 2024 | June 30, 2024 | ||||||||
RMB | RMB | RMB | US$ | RMB | RMB | US$ | ||||||||
Gross profit | 288,082 | 220,545 | 214,872 | 29,567 | 557,152 | 435,417 | 59,915 | |||||||
Share-based compensation expenses allocated | 5,347 | 4,285 | 4,492 | 618 | 13,611 | 8,777 | 1,208 | |||||||
Non-GAAP gross profit | 293,429 | 224,830 | 219,364 | 30,185 | 570,763 | 444,194 | 61,123 | |||||||
Operating loss | (32,881) | (38,516) | (26,037) | (3,583) | (89,749) | (64,553) | (8,883) | |||||||
Share-based compensation expenses | 26,766 | 16,535 | 17,384 | 2,391 | 67,459 | 33,919 | 4,668 | |||||||
Amortization of intangible assets from | 5,865 | 5,930 | 5,941 | 818 | 11,612 | 11,871 | 1,634 | |||||||
Non-GAAP operating loss | (250) | (16,051) | (2,712) | (374) | (10,678) | (18,763) | (2,581) | |||||||
Net income attributable to HUYA Inc. | 20,296 | 71,033 | 29,602 | 4,074 | 59,909 | 100,635 | 13,848 | |||||||
Impairment loss of investments | 65,115 | - | 45,079 | 6,203 | 65,115 | 45,079 | 6,203 | |||||||
Share-based compensation expenses | 26,766 | 16,535 | 17,384 | 2,391 | 67,459 | 33,919 | 4,668 | |||||||
Amortization of intangible assets from | 4,868 | 4,922 | 4,931 | 679 | 9,638 | 9,853 | 1,356 | |||||||
Non-GAAP net income attributable to | 117,045 | 92,490 | 96,996 | 13,347 | 202,121 | 189,486 | 26,075 | |||||||
Net income attributable to ordinary | 20,296 | 71,033 | 29,602 | 4,074 | 59,909 | 100,635 | 13,848 | |||||||
Impairment loss of investments | 65,115 | - | 45,079 | 6,203 | 65,115 | 45,079 | 6,203 | |||||||
Share-based compensation expenses | 26,766 | 16,535 | 17,384 | 2,391 | 67,459 | 33,919 | 4,668 | |||||||
Amortization of intangible assets from | 4,868 | 4,922 | 4,931 | 679 | 9,638 | 9,853 | 1,356 | |||||||
Non-GAAP net income attributable to | 117,045 | 92,490 | 96,996 | 13,347 | 202,121 | 189,486 | 26,075 | |||||||
Non-GAAP net income per ordinary share | ||||||||||||||
—Basic | 0.48 | 0.40 | 0.42 | 0.06 | 0.83 | 0.82 | 0.11 | |||||||
—Diluted | 0.47 | 0.39 | 0.41 | 0.06 | 0.82 | 0.81 | 0.11 | |||||||
Non-GAAP net income per ADS | ||||||||||||||
—Basic | 0.48 | 0.40 | 0.42 | 0.06 | 0.83 | 0.82 | 0.11 | |||||||
—Diluted | 0.47 | 0.39 | 0.41 | 0.06 | 0.82 | 0.81 | 0.11 | |||||||
Weighted average number of ADS used in | ||||||||||||||
—Basic | 243,751,192 | 233,157,641 | 231,022,644 | 231,022,644 | 243,751,192 | 232,098,893 | 232,098,893 | |||||||
—Diluted | 246,832,447 | 236,271,702 | 234,167,978 | 234,167,978 | 246,832,447 | 235,275,697 | 235,275,697 | |||||||
* HUYA Inc. Unaudited Reconciliations of GAAP and Non-GAAP Results for three months ended June 30, 2023 and six months ended June 30, | ||||||||||||||
View original content:https://www.prnewswire.com/news-releases/huya-inc-reports-second-quarter-2024-unaudited-financial-results-and-announces-share-repurchase-program-extension-and-special-cash-dividend-302220868.html
SOURCE HUYA Inc.
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