Yalla Group Limited American Depositary Shares, each representing one - YALA STOCK NEWS

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.

Yalla Group Limited (NYSE: YALA), a leading voice-centric platform in MENA, announced its president, Saifi Ismail, published an article on Forbes.com discussing growth opportunities for digital entertainment startups in the region. His insights reflect a deep understanding of MENA's culture and investment trends. Ismail's role at Yalla since 2019 has advanced the company's vision of becoming the premier online social networking destination. In 2022, he joined the Forbes Business Council, further establishing his authority in the tech industry.

Yalla Group Limited (NYSE: YALA) reported its Q2 2022 financial results, showcasing a 14.2% revenue increase to US$76.1 million year-over-year. Net income rose to US$20.4 million, up from US$18.4 million in Q2 2021, leading to a net margin of 26.7%. The company experienced considerable growth in user engagement, with average MAUs increasing by 35.6% to 29.9 million and paying users rising 65.3% to 10.6 million. Yalla maintained profitability, with a GAAP net margin of 26.7% and non-GAAP net margin of 37.6%. For Q3 2022, Yalla anticipates revenues between US$70.0 million and US$75.0 million.

Yalla Group Limited (NYSE: YALA) will report its Q2 2022 financial results on August 8, 2022, after U.S. market close. A conference call is scheduled for the same day at 8:00 PM ET, with access details provided. Yalla is the largest voice-centric social networking platform in the MENA region, operating apps like Yalla for group chats and Yalla Ludo for gaming. The company is expanding its ecosystem to include YallaChat and Waha, and is exploring markets outside MENA, including South America.

Yalla Group Limited (NYSE: YALA) has appointed Mohamed Al Ghanim as an independent director following Osman Sultan's resignation to pursue other commitments. Al Ghanim, a telecommunications expert, previously led the UAE Telecommunications and Digital Government Regulatory Authority, enhancing sector competitiveness. His extensive experience aims to provide valuable insights as Yalla continues to grow in the MENA market. Yalla is recognized as the leading voice-centric social networking platform in MENA, operating applications like Yalla and Yalla Ludo to engage users through localized content.