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Yalla Group Limited reports developments for a MENA-based online social networking and gaming business whose ADSs trade on the NYSE under YALA. The company operates the Yalla voice-centric group chat platform and Yalla Ludo casual gaming app, with localized voice chat and Majlis features for users in the region.
Recurring news covers quarterly and annual results, user and paying-user metrics, revenue from chatting and games services, share repurchase authorizations, and product ecosystem updates. Company announcements also describe regional gaming initiatives, Yalla Game Limited, YallaChat, WeMuslim, Yalla Baloot, 101 Okey Yalla and Yalla Parchis as part of Yalla’s localized social and entertainment platform.
Yalla Group Limited (NYSE: YALA) has filed its annual report on Form 20-F with the SEC for the fiscal year ended December 31, 2020, as of April 2, 2021. The report, which includes audited financial statements, is accessible on Yalla's investor relations website and the SEC's site. Yalla is the leading voice-centric social networking and entertainment platform in the MENA region, featuring mobile applications that cater to local cultures. The Company offers a free hard copy of the report to shareholders upon request.
Yalla Group Limited (YALA) reported robust financial results for Q4 and the full year of 2020. Q4 revenues soared to US$48.3 million, a remarkable 150.9% increase year-over-year, bolstered by chatting services generating US$42.6 million. Full-year revenues reached US$134.9 million, up 112.6% from 2019. Net income for Q4 was US$9.0 million, with a net margin of 18.6%. Active users surged to 16.4 million, a 295.4% increase, with paying users increasing by 624.2%. The company expects revenues of US$60.0 to US$63.0 million in Q1 2021.
Yalla Group Limited (NYSE: YALA) will announce its unaudited financial results for Q4 and the full year of 2020 on March 15, 2021, before the U.S. market opens. The company will hold a conference call at 8:00 A.M. Eastern Time to discuss these results. Yalla, a leading voice-centric social networking platform in the MENA region, focuses on casual voice chats and board games, tailoring its services to local cultural norms. The call will be accessible via multiple international phone lines and can be streamed live on the investor relations website.
Yalla Group Limited (NYSE: YALA) announced the appointment of Ms. Lili Xu as an independent director effective February 1, 2021. Ms. Xu, who has been CFO at Hangzhou KangSheng Health Consulting since October 2020, will also serve on the audit committee. She brings significant expertise with a bachelor's degree in international business and a master's in local economic development. Yalla's CEO, Tao Yang, expressed optimism about Ms. Xu's contributions as the company continues to expand its voice-centric social networking platform in the MENA region.
Yalla Group Limited (YALA) reported robust financial results for Q3 2020, achieving revenues of $33.8 million, a 90.4% increase year-over-year. Revenues from chatting services reached $30.3 million, while game services contributed $3.5 million. Despite a net loss of $31.0 million, non-GAAP net income stood at $15.5 million, up 68.3%. Average monthly active users surged by 358.9% to 14.3 million, with paying users increasing 894.9% to 5.1 million. Management anticipates Q4 revenues between $35.0 million and $36.0 million, reflecting strong growth potential.
Yalla Group Limited (NYSE: YALA), the premier voice-centric social networking platform in the MENA region, is set to disclose its third-quarter 2020 financial results on November 9, 2020, after U.S. market closure. A conference call will follow at 8 PM ET, where details will be discussed. Yalla's flagship app focuses on voice chats, catering to local cultural preferences, while the Yalla Ludo game enhances social engagement through popular board games.
Yalla Group Limited (NYSE: YALA) announced the partial exercise of its over-allotment option in its IPO, allowing underwriters to purchase an additional 700,000 American Depositary Shares at $7.50 per ADS. This brings the total shares sold in the IPO to 19,300,000, generating $144.8 million in total offering size. The closing of this additional offering occurred on October 20, 2020. Morgan Stanley and Haitong International Securities served as joint bookrunners for the IPO, which was registered with the SEC.
Yalla Group Limited (NYSE: YALA) has priced its initial public offering (IPO) at US$7.50 per American depositary share (ADS), totaling approximately US$139.5 million. The offering, consisting of 18,600,000 ADSs, will commence trading on the New York Stock Exchange today, with a closing date set for October 2, 2020. Additionally, underwriters have an option to purchase 2,790,000 more ADSs within 30 days. Morgan Stanley and Haitong International are the joint bookrunners for this offering.