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HUYA Inc. (NYSE: HUYA) is a premier game live streaming platform based in Guangzhou, China. Founded in 2014, the company facilitates real-time interaction between broadcasters and viewers. Its wide array of content includes mobile, PC, and console games, as well as entertainment programs like talent shows, anime, and live chats.
The company's flagship product is Huya Live, the leading game live streaming platform in China, while Nimo TV serves its user base in Southeast Asia and Latin America. HUYA Inc. also offers online advertising and marketing services, alongside software development and internet value-added services.
In recent years, HUYA Inc. has displayed steady progress, despite facing challenges in the industry. Notably, for the second quarter of 2023, the company achieved gross margins of 15.0%, with a slight increase in mobile Monthly Active Users (MAUs) to 82.9 million. The company remains focused on cost optimization and expanding its game-related services, which are anticipated to drive long-term sustainable growth.
HUYA Inc. is a subsidiary of Tencent Holdings Limited, which owns a significant equity stake and controls the majority of voting power. The company's financial condition remains robust, with substantial cash reserves and a proactive share repurchase program. As of June 30, 2023, HUYA Inc. reported cash and cash equivalents amounting to RMB10,846.4 million, demonstrating strong liquidity.
For investors, HUYA Inc.'s strategic direction involves enhancing its content ecosystem and fortifying its user base while exploring new revenue streams. Recent initiatives include launching innovative game-related services and deepened cooperation with game studios. These efforts have bolstered the company's financial performance, evidenced by non-GAAP net income of RMB115.1 million in the second quarter of 2023.
Looking ahead, HUYA Inc. aims to leverage its established user community and technological prowess to offer more immersive and engaging content. This strategic focus is expected to enhance user experience and attract more active users, thereby driving long-term shareholder value.
HUYA Inc., a leading game live streaming platform in China, announced its identification by the SEC under the Holding Foreign Companies Accountable Act (HFCAA) on May 4, 2022. This classification stems from the inability of the PCAOB to inspect its auditor's working papers for the fiscal year ending December 31, 2021. While this situation poses a risk of delisting if it persists for three consecutive years, Huya actively seeks solutions to maintain its NYSE listing and continue compliance with U.S. regulations.
HUYA Inc. will release its first quarter 2022 unaudited financial results on May 17, 2022, prior to the U.S. market opening. An earnings conference call is scheduled for 7:00 a.m. ET on the same day. Investors can register online for the call and access a live and archived webcast via the company's investor relations website. The firm is a leading game live streaming platform in China, partnering with e-sports organizers and game developers to engage a large gaming community.
HUYA Inc. (NYSE: HUYA), a major game live streaming platform in China, has filed its annual report on Form 20-F for the fiscal year ending December 31, 2021, with the SEC on April 28, 2022. The report can be accessed on the SEC's website and HUYA's investor relations site. Shareholders and ADS holders can request a free hard copy of the report. HUYA continues to expand its content beyond gaming, fostering a large and interactive community for young gaming enthusiasts in China.
HUYA Inc. reported its fourth quarter and fiscal year 2021 financial results, revealing a total net revenue of RMB2,808.7 million (US$440.8 million) in Q4, down 6.1% year-over-year. The company faced a net loss of RMB312.7 million (US$49.1 million) compared to a profit of RMB253.2 million in Q4 2020. For FY 2021, total net revenue increased by 4.0% to RMB11,351.4 million (US$1,781.3 million), but net income fell to RMB583.5 million (US$91.6 million) from RMB884.2 million in 2020. Mobile MAUs grew by 7.4% to 85.4 million, driven by e-sports events.
HUYA Inc. (NYSE: HUYA), a premier game live streaming platform in China, announced plans to release its fourth quarter and fiscal year 2021 financial results on March 22, 2022, before U.S. markets open. A conference call is scheduled for the same day at 7:00 a.m. ET. Interested participants must register in advance to gain access. The event will be accessible via live and archived webcast on HUYA's investor relations website. The company emphasizes its strong community engagement and collaboration with esports organizers and game developers.
On January 18, 2022, HUYA launched the "Protect Our Home Planet" Campaign in partnership with TRAFFIC, IFAW, and CWCA. This initiative aims to combat illegal wildlife trade and promote biodiversity.
Launched during the "HUYA Boom Night" gala in Macao, the Campaign will feature 100 live streaming episodes focused on wildlife conservation stories and themes. Additionally, Huya plans to host online art festivals for conservation awareness and establish a fund for anti-poaching efforts.
Huya aims to engage its 100,000 volunteers to promote wildlife protection laws and improve online wildlife crime reporting.
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.
HUYA Inc. (NYSE: HUYA), a premier game live streaming platform in China, is set to announce its third quarter 2021 unaudited financial results on November 9, 2021, before U.S. market open. The company will host an earnings conference call at 7:00 a.m. ET on the same day. Interested participants must register online to receive access details. A live and archived webcast will be available on HUYA's investor relations website. The company continues to build a vibrant gaming community, partnering with e-sports organizers and game developers to enhance its streaming offerings.
HUYA Inc. has announced the resignation of Chief Financial Officer Catherine Xiaozheng Liu, effective September 8, 2021, due to personal reasons. The company appreciates her contributions in financial management and corporate governance. Ashley Xin Wu has been promoted to Vice President of Finance and will take over Liu's responsibilities in an acting capacity. Wu has been with Huya since 2017 and has a strong finance background. The transition aims to ensure continuity in financial leadership during this period.
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.
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