HUYA Inc. Reports Third Quarter 2021 Unaudited Financial Results

Rhea-AI Summary

HUYA Inc. reported a 5.7% increase in total net revenues for Q3 2021, amounting to RMB2,975.5 million (US$461.8 million), compared to RMB2,814.8 million in Q3 2020. Net income rose to RMB524.4 million (US$81.4 million), up from RMB253.0 million in the prior year. However, non-GAAP net income dropped to RMB180.0 million (US$27.9 million) from RMB361.2 million. Average mobile MAUs grew 14.7% year-over-year to 85.1 million, but live streaming revenues fell by 2.1% to RMB2,601.9 million.

Positive

• Total net revenues increased by 5.7% to RMB2,975.5 million.
• Net income attributable to HUYA was RMB524.4 million, up from RMB253.0 million.
• Average mobile MAUs grew by 14.7% to 85.1 million.

Negative

• Non-GAAP net income decreased to RMB180.0 million from RMB361.2 million.
• Live streaming revenues decreased by 2.1% to RMB2,601.9 million.
• Gross profit fell by 18.8% to RMB504.0 million.

GUANGZHOU, China, Nov. 9, 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 third quarter ended September 30, 2021.

Third Quarter 2021 Highlights

• Total net revenues for the third quarter of 2021 increased by 5.7% to RMB2,975.5 million (US$461.8 million), from RMB2,814.8 million for the same period of 2020.
• Net income attributable to HUYA Inc. was RMB524.4 million (US$81.4 million) for the third quarter of 2021, compared with RMB253.0 million for the same period of 2020.
• Non-GAAP net income attributable to HUYA Inc.^[1] was RMB180.0 million (US$27.9 million) for the third quarter of 2021, compared with RMB361.2 million for the same period of 2020.
• Average mobile MAUs^[2] of Huya Live in the third quarter of 2021 increased by 14.7% to 85.1 million, from 74.2 million in the same period of 2020.
• Total number of paying users^[3] of Huya Live in the third quarter of 2021 reached 6.0 million, compared with 6.0 million in the same period of 2020.

"During the recent summer period, we saw robust growth in mobile users based on our comprehensive content offerings, strong operational capabilities and continued promotion efforts. Huya Live's average mobile MAUs reached 85.1 million in the third quarter of 2021, representing a year-over-year increase of 14.7% and a quarter-over-quarter increase of 9.7%," said Mr. Rongjie Dong, Chief Executive Officer of Huya. "In light of the dynamic business environment, reinforcing our competitive advantages is pivotal to our continuing success. In this spirit, we will strive to promote new game launches, further enrich our content library, and advance product and service upgrades through innovation to meet diverse user demands as we continue to ensure a great user experience."

Ms. Ashley Xin Wu, Vice President of Finance of Huya, commented, "We continued our sustained growth pathway in the third quarter by achieving 5.7% year-over-year top-line growth. And, against the backdrop of an evolving landscape, we strengthened our investment in quality content and content creators to cement our leading market position. Going forward, we will remain dedicated to driving user growth, improving monetization and enhancing our ecosystem."

[1] "Non-GAAP net income attributable to HUYA Inc." is defined as net income attributable to HUYA Inc. before share-based compensation expenses, and gain on fair value change and disposal of equity investments, 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.

Third Quarter 2021 Financial Results

Total net revenues for the third quarter of 2021 increased by 5.7% to RMB2,975.5 million (US$461.8 million), from RMB2,814.8 million for the same period of 2020.

Live streaming revenues decreased by 2.1% to RMB2,601.9 million (US$403.8 million) for the third quarter of 2021, from RMB2,657.2 million for the same period of 2020, primarily due to lower average spending per paying user on Huya Live.

Advertising and other revenues increased by 137.1% to RMB373.7 million (US$58.0 million) for the third quarter of 2021, from RMB157.6 million for the same period of 2020, primarily driven by the revenues from licensing of content.

Cost of revenues increased by 12.6% to RMB2,471.5 million (US$383.6 million) for the third quarter of 2021 from RMB2,194.3 million for the same period of 2020, primarily due to the increase in revenue sharing fees and content costs.

Revenue sharing fees and content costs increased by 16.3% to RMB2,123.6 million (US$329.6 million) for the third quarter of 2021 from RMB1,826.7 million for the same period of 2020, primarily due to the increase in revenue sharing fees in relation to certain broadcaster incentive programs, and the increase in spending on e-sports content and content creators.

Bandwidth costs decreased by 14.2% to RMB178.0 million (US$27.6 million) for the third quarter of 2021 from RMB207.6 million for the same period of 2020, primarily due to improved bandwidth cost management and continued technology enhancement efforts.

Gross profit decreased by 18.8% to RMB504.0 million (US$78.2 million) for the third quarter of 2021 from RMB620.6 million for the same period of 2020, primarily due to the increased cost of revenues driven by higher revenue sharing fees and content costs. Gross margin was 16.9 % for the third quarter of 2021, compared with 22.0% for the same period of 2020.

Research and development expenses increased by 12.9% to RMB206.2 million (US$32.0 million) for the third quarter of 2021 from RMB182.7 million for the same period of 2020, primarily due to increased personnel-related expenses.

Sales and marketing expenses increased by 59.5% to RMB229.4 million (US$35.6 million) for the third quarter of 2021 from RMB143.8 million for the same period of 2020, primarily due to increased marketing expenses to promote the Company's content, products, services and brand name, particularly including promotional activities for e-sports events and cooperation with various marketing channels during the summer vacations.

General and administrative expenses decreased by 32.6% to RMB80.1 million (US$12.4 million) for the third quarter of 2021 from RMB118.7 million for the same period of 2020, primarily due to lower share-based compensation expenses.

Operating income decreased by 62.7% to RMB83.1 million (US$12.9 million) for the third quarter of 2021 from RMB222.9 million for the same period of 2020. Operating margin was 2.8% for the third quarter of 2021, compared with 7.9% for the same period of 2020.

Interest and short-term investments income were RMB62.6 million (US$9.7 million) for the third quarter of 2021, compared with RMB75.9 million for the same period of 2020, primarily due to decreased interest rates.

Income tax expenses decreased by 19.9% to RMB40.6 million (US$6.3 million) for the third quarter of 2021 from RMB50.7 million for the same period of 2020.

Share of income in equity method investments, net of income taxes was RMB378.7 million (US$58.8 million) for the third quarter of 2021, compared with RMB0.2 million for the same period of 2020, primarily due to the investment income related to a disposal of equity investment.

Net income attributable to HUYA Inc. for the third quarter of 2021 was RMB524.4 million (US$81.4 million), compared with RMB253.0 million for the same period of 2020.

Non-GAAP net income attributable to HUYA Inc. for the third quarter of 2021, which excludes share-based compensation expenses, and gain on fair value change and disposal of equity investments, net of income taxes, was RMB180.0 million (US$27.9 million), compared with RMB361.2 million for the same period of 2020.

Diluted net income per American depositary share ("ADS") was RMB2.17 (US$0.34) for the third quarter of 2021, compared with RMB1.05 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 RMB0.75 (US$0.12) for the third quarter of 2021, compared with RMB1.50 for the same period of 2020.

As of September 30, 2021, the Company had cash and cash equivalents, short-term deposits and short-term investments of RMB11,119.6 million (US$1,725.7 million), compared with RMB10,738.2 million as of June 30, 2021, primarily due to a cash inflow from a disposal of equity investment.

Conference Call

The Company's management will host an earnings conference call at 7:00 a.m. U.S. Eastern Time on November 9, 2021 (8:00 p.m. Beijing/Hong Kong time on November 9, 2021).

For participants who wish to join the call, please complete online registration using the link provided below 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/4691866

After registration is complete, please dial-in 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 November 16, 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:	4691866

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, and gain on fair value change and disposal of equity investments, net of income taxes. Non-GAAP net income attributable to ordinary shareholders is net income attributable to ordinary shareholders excluding share-based compensation expenses, and gain on fair value change and disposal of equity investments, 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 and disposal of equity investments, 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 and disposal of equity investments, 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" at the end of this announcement.

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 RMB6.4434 to US$1.00, the noon buying rate in effect on September 30, 2021, in the H.10 statistical release of the Federal Reserve Board. The Company makes no representation that the Renminbi or U.S. dollars amounts referred to in this announcement could have been or could be converted into U.S. dollars or Renminbi, as the case may be, at any particular rate or at all.

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; Huya's efforts in complying with applicable data privacy and security regulations; 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 regulatory developments 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 September 30,
		2020		2021		2021
		RMB		RMB		US$
Assets
Current assets
Cash and cash equivalents		3,293,573		3,103,779		481,699
Restricted cash		164,889		2,741		425
Short-term deposits		5,974,790		7,006,098		1,087,329
Short-term investments		1,206,539		1,009,720		156,706
Accounts receivable, net		71,237		74,692		11,592
Amounts due from related parties, net		64,802		211,301		32,793
Prepayments and other current assets, net		495,108		934,951		145,102
Total current assets		11,270,938		12,343,282		1,915,646
Non-current assets
Deferred tax assets		48,313		26,451		4,105
Investments		467,206		582,213		90,358
Property and equipment, net		94,555		82,438		12,794
Intangible assets, net		62,796		90,717		14,079
Right-of-use assets, net		87,418		404,929		62,844
Prepayments and other non-current assets		379,461		150,542		23,364
Total non-current assets		1,139,749		1,337,290		207,544
Total assets		12,410,687		13,680,572		2,123,190
Liabilities and shareholders' equity
Current liabilities
Accounts payable		10,083		18,918		2,936
Advances from customers and deferred revenue		485,878		399,607		62,018
Income taxes payable		56,861		74,613		11,580
Accrued liabilities and other current liabilities		1,707,289		1,759,490		273,066
Amounts due to related parties		95,457		333,812		51,807
Lease liabilities due within one year		29,227		36,812		5,713
Total current liabilities		2,384,795		2,623,252		407,120
Non-current liabilities
Lease liabilities		57,620		51,216		7,949
Deferred tax liabilities		13,350		4,597		713
Deferred revenue		178,144		145,174		22,531
Total non-current liabilities		249,114		200,987		31,193
Total liabilities		2,633,909		2,824,239		438,313

 

 

 

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 September 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 September 30, 2021, respectively;      83,490,841 and 86,195,765 shares issued and     outstanding as of December 31, 2020 and     September 30, 2021, respectively)		55		56		9
Class B ordinary shares (US$0.0001 par value;     200,000,000 shares authorized as of December     31, 2020 and September 30, 2021, respectively;      152,357,321 and 151,136,517 shares issued and      outstanding as of December 31, 2020 and     September 30, 2021, respectively)		100		100		16
Additional paid-in capital		11,465,575		11,688,697		1,814,057
Statutory reserves		122,429		122,429		19,001
Accumulated deficit		(1,883,643)		(987,475)		(153,254)
Accumulated other comprehensive income		72,262		32,526		5,048
Total shareholders' equity		9,776,778		10,856,333		1,684,877
Total liabilities and shareholders' equity		12,410,687		13,680,572		2,123,190

 

 

 

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								Nine Months Ended
		September 30, 2020		June 30, 2021		September 30, 2021		September 30, 2021		September 30, 2020		September 30, 2021		September 30, 2021
		RMB		RMB		RMB		US$		RMB		RMB		US$
Net revenues
Live streaming		2,657,208		2,579,178		2,601,854		403,801		7,496,755		7,573,307		1,175,359
Advertising and others		157,632		383,197		373,692		57,996		427,277		969,398		150,448
Total net revenues		2,814,840		2,962,375		2,975,546		461,797		7,924,032		8,542,705		1,325,807
Cost of revenues(1)		(2,194,263)		(2,381,056)		(2,471,536)		(383,576)		(6,253,627)		(6,943,488)		(1,077,612)
Gross profit		620,577		581,319		504,010		78,221		1,670,405		1,599,217		248,195
Operating expenses(1)
Research and development expenses		(182,683)		(207,899)		(206,203)		(32,002)		(518,597)		(613,173)		(95,163)
Sales and marketing expenses		(143,846)		(167,045)		(229,404)		(35,603)		(364,902)		(541,034)		(83,967)
General and administrative expenses		(118,741)		(72,130)		(80,073)		(12,427)		(348,953)		(236,294)		(36,672)
Total operating expenses		(445,270)		(447,074)		(515,680)		(80,032)		(1,232,452)		(1,390,501)		(215,802)
Other income, net		47,613		47,643		94,804		14,713		99,650		218,415		33,897
Operating income		222,920		181,888		83,134		12,902		537,603		427,131		66,290
Interest and short-term investments income		75,919		57,729		62,561		9,709		239,373		185,420		28,777
Gain on fair value change of investments		-		3,593		40,568		6,296		2,160		44,161		6,854
Other non-operating expenses		-		-		-		-		(10,010)		-		-
Foreign currency exchange gains (losses), net		4,677		722		(31)		(5)		2,277		(1,569)		(244)
Income before income tax expenses		303,516		243,932		186,232		28,902		771,403		655,143		101,677
Income tax expenses		(50,657)		(58,291)		(40,577)		(6,297)		(139,499)		(138,278)		(21,460)
Income before share of income (loss) in       equity method investments, net of       income taxes		252,859		185,641		145,655		22,605		631,904		516,865		80,217
Share of income (loss) in equity method       investments, net of income taxes		154		610		378,724		58,777		(907)		379,303		58,867
Net income attributable to HUYA Inc.		253,013		186,251		524,379		81,382		630,997		896,168		139,084
Net income attributable to ordinary      shareholders		253,013		186,251		524,379		81,382		630,997		896,168		139,084

 

 

 

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								Nine Months Ended
		September 30, 2020		June 30, 2021		September 30, 2021		September 30, 2021		September 30, 2020		September 30, 2021		September 30, 2021
		RMB		RMB		RMB		US$		RMB		RMB		US$
Net income per ADS*
—Basic		1.10		0.78		2.20		0.34		2.82		3.77		0.58
—Diluted		1.05		0.77		2.17		0.34		2.65		3.71		0.58
Net income per ordinary share
—Basic		1.10		0.78		2.20		0.34		2.82		3.77		0.58
—Diluted		1.05		0.77		2.17		0.34		2.65		3.71		0.58
Weighted average number of ADS used in      calculating net income per ADS
—Basic		230,554,718		238,105,367		238,814,217		238,814,217		224,053,176		237,848,772		237,848,772
—Diluted		240,474,833		241,536,071		241,449,111		241,449,111		237,807,379		241,774,727		241,774,727
* 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						Nine Month Ended
		September 30, 2020		June 30, 2021		September 30, 2021		September 30, 2021		September 30, 2020		September 30, 2021		September 30, 2021
		RMB		RMB		RMB		US$		RMB		RMB		US$
Cost of revenues		17,352		12,969		11,883		1,844		47,939		41,473		6,437
Research and development expenses		42,552		32,226		34,720		5,388		114,070		103,687		16,092
Sales and marketing expenses		2,711		1,670		2,512		390		7,829		6,073		943
General and administrative expenses		45,549		20,636		21,714		3,370		156,383		67,474		10,472

 

 

 

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								Nine Months Ended
		September 30, 2020		June 30, 2021		September 30, 2021		September 30, 2021		September 30, 2020		September 30, 2021		September 30, 2021
		RMB		RMB		RMB		US$		RMB		RMB		US$
Gross profit		620,577		581,319		504,010		78,221		1,670,405		1,599,217		248,195
Share-based compensation expenses allocated       in cost of revenues		17,352		12,969		11,883		1,844		47,939		41,473		6,437
Non-GAAP gross profit		637,929		594,288		515,893		80,065		1,718,344		1,640,690		254,632
Operating income		222,920		181,888		83,134		12,902		537,603		427,131		66,290
Share-based compensation expenses		108,164		67,501		70,829		10,992		326,221		218,707		33,944
Non-GAAP operating income		331,084		249,389		153,963		23,894		863,824		645,838		100,234
Net income attributable to HUYA Inc.		253,013		186,251		524,379		81,382		630,997		896,168		139,084
Gain on fair value change and disposal of e      quity investments, net of income taxes		-		(3,619)		(415,190)		(64,436)		(1,620)		(418,809)		(64,998)
Share-based compensation expenses		108,164		67,501		70,829		10,992		326,221		218,707		33,944
Non-GAAP net income attributable to HUYA Inc.		361,177		250,133		180,018		27,938		955,598		696,066		108,030
Net income attributable to ordinary       shareholders		253,013		186,251		524,379		81,382		630,997		896,168		139,084
Gain on fair value change and disposal of       equity investments, net of income taxes		-		(3,619)		(415,190)		(64,436)		(1,620)		(418,809)		(64,998)
Share-based compensation expenses		108,164		67,501		70,829		10,992		326,221		218,707		33,944
Non-GAAP net income attributable to       ordinary shareholders		361,177		250,133		180,018		27,938		955,598		696,066		108,030
Non-GAAP net income per ordinary share
—Basic		1.57		1.05		0.75		0.12		4.27		2.93		0.45
—Diluted		1.50		1.04		0.75		0.12		4.02		2.88		0.45
Non-GAAP net income per ADS
—Basic		1.57		1.05		0.75		0.12		4.27		2.93		0.45
—Diluted		1.50		1.04		0.75		0.12		4.02		2.88		0.45
Weighted average number of ADS used in        calculating Non-GAAP net income per ADS
—Basic		230,554,718		238,105,367		238,814,217		238,814,217		224,053,176		237,848,772		237,848,772
—Diluted		240,474,833		241,536,071		241,449,111		241,449,111		237,807,379		241,774,727		241,774,727

 

 

 

View original content:https://www.prnewswire.com/news-releases/huya-inc-reports-third-quarter-2021-unaudited-financial-results-301419432.html

SOURCE HUYA Inc.

FAQ

What were HUYA's Q3 2021 total net revenues?

HUYA's total net revenues for Q3 2021 were RMB2,975.5 million (US$461.8 million), a 5.7% increase from the previous year.

How much did HUYA earn in net income for Q3 2021?

HUYA reported a net income of RMB524.4 million (US$81.4 million) for Q3 2021.

What is the average mobile MAUs for HUYA in Q3 2021?

The average mobile MAUs for HUYA in Q3 2021 reached 85.1 million, indicating a 14.7% year-over-year increase.

Did HUYA's live streaming revenue increase or decrease in Q3 2021?

HUYA's live streaming revenues decreased by 2.1% to RMB2,601.9 million in Q3 2021.

What were the key financial metrics for HUYA in Q3 2021?

In Q3 2021, HUYA had a gross profit of RMB504.0 million with a gross margin of 16.9%.