Huya Inc Stock Price, News & Analysis

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.

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.