HUYA Inc. - HUYA STOCK NEWS

HUYA Inc. (NYSE: HUYA) reported fourth quarter 2022 net revenues of RMB2,102.2 million ($304.8 million), down from RMB2,808.7 million year-over-year. The net loss attributable to HUYA was RMB524.4 million ($76.0 million), compared to a loss of RMB312.7 million in Q4 2021. For the fiscal year, total revenues were RMB9,220.5 million ($1,336.8 million), a decline from RMB11,351.4 million in 2021. Average mobile MAUs increased by 4.2% year-over-year to 84.3 million. Despite the losses, the company reduced operating expenses by 34.7% and continues to seek growth opportunities in the game live streaming market.

Huya Inc. hosted the annual gala, HUYA Boom Night, in Macao on March 4, 2023. The event showcased Huya's collaboration with broadcasters and partners on corporate social responsibility (CSR) initiatives, focusing on areas such as environmental protection, youth awareness, and support for persons with disabilities. Li Meng, CEO of Nimo TV, discussed Huya's innovative model that merges live streaming with social good. The company aims to create positive social impact through diverse content and international partnerships, including campaigns against illegal wildlife trade. Huya has organized over 21,600 live streaming activities, engaging 30,000 streamers to promote community welfare.

HUYA Inc., a leading game live streaming platform in China, will report its fourth quarter and fiscal year 2022 unaudited financial results on March 21, 2023, before U.S. market open. The earnings call is scheduled for 8:00 a.m. ET on the same day, providing an opportunity for stakeholders to engage with management. Interested participants must register online 20 minutes prior to the call. HUYA has a strong community focused on gaming and e-sports, and continues to expand its content offerings.

The Live Streaming Global Market Report 2022 indicates significant growth in the live streaming market, projected to expand from $1.03 billion in 2021 to $2.61 billion by 2026, with a CAGR of 20.3% to 20.5%. The report highlights the impact of COVID-19 on the market and its recovery trajectory, as well as the importance of mobile device penetration and increasing internet usage in driving growth. Key players include Huya, Amazon, and Google. Major regions include Asia-Pacific and North America, which is expected to be the fastest-growing region during this period.

HUYA Inc. (HUYA) reported third quarter 2022 net revenues of RMB2,378.5 million ($334.4 million), down from RMB2,975.5 million in Q3 2021. Net income attributable to HUYA was RMB60.4 million ($8.5 million), compared to RMB524.4 million in the same quarter last year. Non-GAAP net income also decreased to RMB106.1 million ($14.9 million) from RMB180.0 million. Average mobile MAUs rose slightly to 86.0 million, while paying users fell to 5.5 million. Cost reduction efforts led to a 27.3% decrease in total operating expenses. The company holds cash and equivalents of RMB11,008.2 million ($1,547.5 million) as of September 30, 2022.

HUYA Inc. (NYSE: HUYA), a leading game live streaming platform in China, will report its third quarter 2022 unaudited financial results on November 15, 2022, prior to the U.S. market open. An earnings conference call is scheduled for 7:00 a.m. ET on the same day, providing investors the opportunity to gain insights into the company's performance and outlook. Interested participants should register online 20 minutes before the call. A live webcast will be available on the company's investor relations website.

HUYA Inc. reported a challenging second quarter for 2022, with total net revenues of RMB2,275.2 million (US$339.7 million), down from RMB2,962.4 million in Q2 2021. The company experienced a net loss of RMB19.4 million (US$2.9 million) compared to a net income of RMB186.3 million in the same quarter last year. Average mobile MAUs increased 7.7% year-over-year to 83.6 million, but live streaming revenues dropped to RMB2,051.9 million due to decreased spending per user amidst macroeconomic pressures. The gross profit stood at RMB219.1 million with a gross margin of 9.6%.

HUYA Inc. (NYSE: HUYA), a top game live streaming platform in China, is set to announce its second quarter 2022 unaudited financial results on August 16, 2022, before U.S. markets open. An earnings call will follow at 7:00 a.m. ET on the same day. Participants must register 20 minutes prior to the call to receive access details. The company has established a strong community in e-sports and live streaming, aiming to broaden its content offerings. For further updates, visit HUYA's investor relations page.

HUYA Inc. reported Q1 2022 net revenues of RMB2,464.6 million (US$388.8 million), a decline from RMB2,604.8 million in Q1 2021. The company recorded a net loss of RMB3.3 million (US$0.5 million), a stark contrast to a net income of RMB185.5 million in the same quarter last year. Average monthly active users reached 81.9 million, up 8.5% year-over-year. Live streaming revenues decreased to RMB2,151.7 million (US$339.4 million), influenced by reduced spending per user. Advertising revenue grew by 47.2%. Regulatory changes in China may negatively impact the live streaming market.