Yalla Group Ltd - YALA STOCK NEWS

Yalla Group Limited (NYSE: YALA) announced the filing of its annual report on Form 20-F with the SEC on April 20, 2023, which includes audited financial statements for the fiscal year ending December 31, 2022. As the largest online social networking and gaming company in the MENA region, Yalla continues to expand its services through its mobile applications, Yalla and Yalla Ludo. The company aims to enhance user engagement by providing localized content and integrating new features. Shareholders can access the report online or request a hard copy.

Yalla Group Limited (NYSE: YALA) reported its financial results for Q4 and full year 2022, showing an 11.2% increase in Q4 revenues to US$75.1 million. For the year, total revenues reached US$303.6 million, up 11.2% from 2021. Q4 net income decreased to US$16.6 million, down from US$19.1 million in Q4 2021. The number of average Monthly Active Users (MAUs) grew 14% year-over-year to 32 million, with paying users increasing by 47.8% to 12.5 million. While costs rose due to business expansion, the company maintained a strong cash position of US$407.3 million. Management anticipates Q1 2023 revenues between US$68 million and US$75 million.

Yalla Group Limited (NYSE: YALA), a leading voice-centric social networking platform in MENA, will report its unaudited financial results for Q4 and full year 2022 on March 13, 2023, after U.S. market close. A conference call will follow on the same day at 8:00 PM Eastern Time. Listeners can participate by dialing +1-888-317-6003 (USA) or +1-412-317-6061 (International). The call will also be available via a webcast on the investor relations website. This announcement builds anticipation for potential insights into the company’s financial health and future prospects in the competitive social networking landscape.

Yalla Group Limited (NYSE: YALA) reported robust financial results for Q3 2022, with revenues reaching US$80.1 million, a 12.3% increase year-over-year. Chatting services contributed US$56.2 million, while game services added US$23.9 million. Net income was US$24.4 million, slightly down from US$25.3 million in Q3 2021. Average monthly active users climbed 19.1% to 30.9 million, and paying users surged 50.3% to 11.5 million. Management projects Q4 2022 revenues between US$70.0 million and US$76.0 million.

Yalla Group Limited (NYSE: YALA) will announce its unaudited financial results for Q3 2022 on November 14, 2022, after U.S. markets close. A conference call to discuss these results will be held at 8:00 PM ET on the same day, with an accessible replay available until November 21, 2022. Yalla is the leading voice-centric social networking and entertainment platform in the MENA region, operating popular mobile apps such as Yalla and Yalla Ludo, along with expanding into new areas like the South American market.

Yalla Group Limited (NYSE: YALA), the leading voice-centric social networking and entertainment platform in the MENA region, announced that President Saifi Ismail was recognized as one of the most inspiring business leaders of 2022 by Arabian Business. This accolade highlights Mr. Ismail's role in driving digital transformation across MENA. Yalla emphasizes its commitment to local user needs and expanding partnerships to foster the digital economy over the past six years. The company continues to develop its integrated ecosystem to meet the evolving demands of MENA users.