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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. (NYSE: HUYA), a leading game live streaming platform in China, will report its second quarter 2021 unaudited financial results on August 17, 2021, before U.S. market open. An earnings conference call is scheduled for 7:00 a.m. U.S. Eastern Time on the same day. Interested participants must register online for call access. The call will also be available via a live and archived webcast on the company's investor relations website. HUYA continues to develop its platform, partnering with e-sports organizers and game developers to enhance user engagement.
HUYA Inc. announced the termination of its merger agreement with DouYu International Holdings Limited due to the State Administration for Market Regulation's discontinuation of the proposed merger. The merger was originally planned in October 2020. Following the termination, Huya's board canceled a previously announced cash dividend of $200 million. Both companies will comply with the regulatory requirements set forth by SAMR, and Huya continues to operate as a leading game live streaming platform in China.
HUYA Inc. has joined the Coalition to End Wildlife Trafficking Online, aiming to combat illegal wildlife trade through its livestreaming platform. This initiative coincided with World Environment Day on June 5, 2021. The Coalition, which includes major companies like Alibaba and Tencent, seeks to enhance online content review for wildlife protection. Huya will utilize AI and big data to identify and remove illegal wildlife content. The company has already conducted training for over 1,000 staff and plans to launch more wildlife conservation shows to raise public awareness.
HUYA Inc. reported financial results for Q1 2021, with net revenues rising by 8.0% to RMB2,604.8 million (US$397.6 million). Net income increased 8.4% to RMB185.5 million (US$28.3 million), and operating income saw a 21.6% rise to RMB162.1 million (US$24.7 million). Average monthly active users on mobile reached 75.5 million, while total paying users decreased slightly to 5.9 million. The company remains focused on expanding its content offerings and enhancing user engagement.
HUYA Inc. (NYSE: HUYA), a prominent game live streaming platform in China, will announce its first quarter 2021 unaudited financial results on May 18, 2021, before U.S. market opens. Management will host an earnings conference call at 7:00 a.m. ET on the same day, with registration required for participation. The call will also be available via live and archived webcasts on the investor relations website. HUYA continues to expand its platform by collaborating with e-sports organizers and game developers, enhancing its community engagement.
HUYA Inc., a leading game live streaming platform in China, has filed its annual report on Form 20-F for the fiscal year ended December 31, 2020, with the SEC on April 27, 2021. The report is accessible on the SEC's website and the Company's investor relations page. HUYA offers free hard copies of the report to its shareholders upon request. The company continues to grow its interactive community by collaborating with e-sports event organizers and game developers, showcasing a diverse range of entertainment content.
HUYA Inc. held its annual general meeting on April 13, 2021, where shareholders re-elected Mr. Tsang Wah Kwong as a director, effective immediately. This decision reflects the Company's commitment to maintaining strong leadership. As a leading game live streaming platform in China, HUYA continues to thrive by cooperating with e-sports organizers, game developers, and publishers.
HUYA has expanded its content offerings beyond gaming, creating an interactive community for China's youth.
HUYA Inc. reported strong financial results for Q4 and the fiscal year ending December 31, 2020. Total net revenues for Q4 rose 21.2% year-over-year to RMB2,990.3 million (US$458.3 million), driven by a 20.0% increase in live streaming revenues. Net income for Q4 surged 58.6% to RMB253.2 million (US$38.8 million). In FY 2020, total revenues climbed 30.3% to RMB10.9 billion (US$1.67 billion), with net income increasing by 88.9% to RMB884.2 million (US$135.5 million). Notably, mobile MAUs grew 29.1% to 79.5 million, enhancing user engagement amidst COVID-19 challenges.
HUYA Inc. (NYSE: HUYA), a leading game live streaming platform in China, announced its annual general meeting set for April 13, 2021, at 10:00 a.m. local time in Guangzhou. Shareholders on record by March 12, 2021, can participate and vote. The meeting's agenda includes the re-election of Mr. Tsang Wah Kwong as a director. The notice with meeting details is available on the Company's Investor Relations website and the SEC's website. Additionally, HUYA has filed its annual report with audited financial statements for the fiscal year ending December 31, 2019.
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