Indicate by check mark whether the registrant files or will file annual
reports under cover of Form 20-F or Form 40-F.
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Exhibit 99.1
HUYA Inc. Reports
Second Quarter 2026 Unaudited Financial Results
GUANGZHOU, China,
August 11, 2026 /PRNewswire/ -- HUYA Inc. (“Huya” or the “Company”) (NYSE: HUYA), a leading game-related
entertainment and services provider, today announced its unaudited financial results for the second quarter ended June 30, 2026.
Second Quarter 2026 Highlights
| · | Total net revenues increased by 11.0%
to RMB1,739.3 million (US$256.3 million) for the second quarter of 2026, from RMB1,567.1 million for the same period of 2025. |
| · | Game-related services, advertising and other
revenues increased by 54.1% to RMB637.9 million (US$94.0 million) for the second quarter of 2026, from RMB413.9 million for the same
period of 2025. |
| · | Operating loss narrowed to RMB7.0 million
(US$1.0 million) for the second quarter of 2026, compared with RMB23.7 million for the same period of 2025. |
| · | Non-GAAP1 operating income was
RMB16.2 million (US$2.4 million) for the second quarter of 2026, compared with RMB0.4 million for the same period of 2025. |
| · | Net income attributable to HUYA Inc. was
RMB1.6 million (US$0.2 million) for the second quarter of 2026, compared with a net loss attributable to HUYA Inc. of RMB5.5 million for
the same period of 2025. |
| · | Non-GAAP net income attributable to HUYA Inc.
was RMB36.4 million (US$5.4 million) for the second quarter of 2026, compared with RMB47.5 million for the same period of 2025. |
Mr. Junhong
Huang, Acting Chief Executive Officer of Huya, commented, “Huya’s strategic transformation gained further traction in the
second quarter of 2026. Total net revenues reached RMB1.74 billion, up 11.0% year-over-year, while game-related services, advertising,
and other revenues increased 54.1% year-over-year to RMB637.9 million and represented 36.7% of total net revenues.”
“Goose
Goose Duck mobile re-entered the Top 5 on the Apple App Store free games chart in the Chinese mainland at the end of July,
further validating Huya’s content-led game publishing model. Game publishing remains a strategic priority for Huya and our pipeline
is robust, with The Legend of Swordman: Reunion and Xiao Xiao Qi Yu both progressing toward launch. Goose Goose Duck
mobile’s strong performance demonstrates how Huya’s content ecosystem and integrated marketing capabilities can drive
user acquisition, engagement and monetization, reinforcing our confidence in the long-term potential of this business,” Mr. Huang
concluded.
Mr. Raymond
Peng Lei, Chief Financial Officer of Huya, added, “We continue to see financial improvement at the operating level, supported
by ongoing growth in game-related services, advertising and other revenues. We are pleased to announce that our board of directors has
approved an increase in the total authorized amount of our 2026 Share Repurchase Program from US$50 million to US$100 million, reflecting
our confidence in Huya’s business outlook and our commitment to enhancing long-term shareholder value.”
Second Quarter 2026 Financial Results
Total net revenues
increased by 11.0% to RMB1,739.3 million (US$256.3 million) for the second quarter of 2026, from RMB1,567.1 million for the same period
of 2025.
Live streaming
revenues were RMB1,101.5 million (US$162.3 million) for the second quarter of 2026, compared with RMB1,153.2 million for the
same period of 2025, primarily reflecting the live streaming industry’s current environment.
Game-related
services, advertising and other revenues increased by 54.1% to RMB637.9 million (US$94.0 million) for the second quarter of
2026, from RMB413.9 million for the same period of 2025. The increase was primarily driven by higher revenues from in-game item sales
and advertising, as well as the contribution from the commercialization of Goose Goose Duck mobile.
Cost of revenues
increased by 9.6% to RMB1,484.3 million (US$218.8 million) for the second quarter of 2026, from RMB1,354.8 million for the
same period of 2025, generally in line with the increase in revenues, primarily due to increased revenue sharing fees and costs of in-game
virtual items. Revenue sharing fees and content costs, a key component of cost of revenues, increased by 3.2% year-over-year to RMB1,214.7
million (US$179.0 million) for the second quarter of 2026.
Gross profit
increased by 20.1% to RMB255.0 million (US$37.6 million) for the second quarter of 2026, from RMB212.3 million for the same period of
2025. Gross margin was 14.7% for the second quarter of 2026, compared with 13.5% for the same period of 2025.
Research and
development expenses decreased by 1.4% to RMB120.4 million (US$17.8 million) for the second quarter of 2026, from RMB122.2
million for the same period of 2025.
Sales and marketing
expenses increased by 57.7% to RMB91.0 million (US$13.4 million) for the second quarter of 2026, from RMB57.7 million for the
same period of 2025, primarily due to continued marketing and promotional efforts related to Goose Goose Duck mobile.
General and administrative
expenses decreased by 8.4% to RMB58.4 million (US$8.6 million) for the second quarter of 2026, from RMB63.7 million for the
same period of 2025, primarily due to decreased professional service fees.
Other income
was RMB7.8 million (US$1.2 million) for the second quarter of 2026, compared with RMB7.6 million for the same period of 2025.
Operating loss
narrowed to RMB7.0 million (US$1.0 million) for the second quarter of 2026, compared with RMB23.7 million for the same period of 2025.
Non-GAAP operating
income was RMB16.2 million (US$2.4 million) for the second quarter of 2026, compared with RMB0.4 million for the same
period of 2025.
Interest income
decreased by 56.6% to RMB25.7 million (US$3.8 million) for the second quarter of 2026, from RMB59.1 million for the same period
of 2025, primarily due to a decrease in the average deposit balance as a result of special cash
dividends and lower interest rates.
Net income
attributable to HUYA Inc. was RMB1.6 million (US$0.2 million) for the second quarter of 2026, compared with a net loss attributable
to HUYA Inc. of RMB5.5 million for the same period of 2025.
Non-GAAP net
income attributable to HUYA Inc. was RMB36.4 million (US$5.4 million) for the second quarter of 2026, compared with
RMB47.5 million for the same period of 2025.
Basic and diluted
net income per American depositary share (“ADS”) were each RMB0.01 (US$0.00) for the second quarter of 2026.
Basic and diluted net loss per ADS were each RMB0.02 for the second quarter of 2025. Each ADS represents one Class A ordinary share
of the Company.
Non-GAAP basic
and diluted net income per ADS were each RMB0.16 (US$0.02) for the second quarter of 2026. Non-GAAP basic and diluted net income
per ADS were each RMB0.21 for the second quarter of 2025.
As of June 30,
2026, the Company had cash and cash equivalents, short-term deposits and long-term deposits of RMB3,213.1 million (US$473.5
million), compared with RMB3,455.1 million as of March 31, 2026.
Share Repurchase Program
On August 7, 2026, the Company’s board
of directors authorized an increase of US$50 million to the authorized repurchase amount under the Company’s existing share repurchase
program originally adopted on March 18, 2026 (the “2026 Share Repurchase Program”). Following such increase, the
total authorized repurchase amount under the 2026 Share Repurchase Program is US$100 million. As of June 30, 2026, the Company had
repurchased 3.2 million ADSs under the 2026 Share Repurchase Program for an aggregate consideration of US$7.6 million.
Earnings Webinar
The Company’s management will host a Tencent
Meeting Webinar at 6:00 a.m. U.S. Eastern Time on August 11, 2026 (6:00 p.m. Beijing/Hong Kong time on August 11,
2026), to review and discuss the Company’s business and financial performance.
For participants who wish to join the webinar,
please complete the online registration in advance using the links provided below. Upon registration, participants will receive an email
with webinar access information, including meeting ID, meeting link, dial-in numbers, and a unique attendee ID to join the webinar.
Participant Online Registration:
| Chinese Mainland2: |
https://meeting.tencent.com/dw/A1SX8Btn31yk |
| International: |
https://voovmeeting.com/dw/A1SX8Btn31yk |
A live webcast
of the webinar will be accessible at https://ir.huya.com, and a replay of the webcast will be available following the session.
1 The Company’s non-GAAP financial
measures exclude share-based compensation expenses, amortization of intangible assets from business acquisitions, and impairment loss
of investments, to the extent applicable. For more information, please refer to the section titled “Use of Non-GAAP Financial Measures”
and the table captioned “HUYA Inc. Unaudited Reconciliations of GAAP and Non-GAAP Results” at the end of this press release.
2 For the purpose of this announcement
only, Chinese Mainland excludes the Hong Kong Special Administrative Region, the Macao Special Administrative Region of the People's Republic
of China, and Taiwan.
About HUYA Inc.
HUYA Inc. is a leading game-related entertainment
and services provider. Huya delivers dynamic live streaming and video content and a rich array of services spanning games, e-sports, and
other interactive entertainment genres to a large, highly engaged community of game enthusiasts. Huya has cultivated a robust entertainment
ecosystem powered by AI and other advanced technologies, serving users and partners across the gaming universe, including game companies,
e-sports tournament organizers, broadcasters and talent agencies. Leveraging this strong foundation, Huya has also expanded into innovative
game-related services, such as game distribution, in-game item sales, advertising and more. Huya continues to extend its footprint in
China and abroad, meeting the evolving needs of gamers, content creators, and industry partners worldwide.
For more information,
please visit: https://ir.huya.com.
Use of Non-GAAP Financial Measures
The unaudited condensed consolidated financial
information is prepared in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”),
except that the consolidated statement of changes in shareholders’ equity, consolidated statements of cash flows, and the detailed
notes have not been presented. Huya uses non-GAAP gross profit, non-GAAP operating loss, non-GAAP net income (loss) attributable to HUYA
Inc., non-GAAP net income (loss) attributable to ordinary shareholders, non-GAAP basic and diluted net income (loss) per ordinary share,
and non-GAAP basic and diluted net income (loss) per ADS, which are non-GAAP financial measures. Non-GAAP gross profit is gross profit
excluding share-based compensation expenses allocated in cost of revenues. Non-GAAP operating loss is operating loss excluding share-based
compensation expenses and amortization of intangible assets from business acquisitions. Non-GAAP net income (loss) attributable to HUYA
Inc. is net income (loss) attributable to HUYA Inc. excluding share-based compensation expenses, impairment loss of investments, and amortization
of intangible assets from business acquisitions, net of income taxes, to the extent applicable. Non-GAAP net income (loss) attributable
to ordinary shareholders is net income (loss) attributable to ordinary shareholders excluding share-based compensation expenses, impairment
loss of investments, and amortization of intangible assets from business acquisitions, net of income taxes, to the extent applicable.
Non-GAAP basic and diluted net income (loss) per ordinary share and per ADS is non-GAAP net income (loss) attributable to ordinary shareholders
divided by the weighted average number of ordinary shares and ADS used in the calculation of non-GAAP basic and diluted net income (loss)
per ordinary share and per ADS. The Company believes that separate analysis and exclusion of the impact of (i) share-based compensation
expenses, (ii) impairment loss of investments, and (iii) amortization of intangible assets from business acquisitions (net of
income taxes), add clarity to the constituent parts of its performance. The Company reviews these non-GAAP financial measures together
with GAAP financial measures to obtain a better understanding of its operating performance. It uses the non-GAAP financial measures for
planning, forecasting and measuring results against the forecast. The Company believes that non-GAAP financial measures represent useful
supplemental information for investors and analysts to assess its operating performance without the effect of (i) share-based compensation
expenses, and (ii) amortization of intangible assets from business acquisitions, which have been and will continue to be significant
recurring expenses in its business, and (iii) impairment loss of investments. However, the use of non-GAAP financial measures has
material limitations as an analytical tool. One of the limitations of using non-GAAP financial measures is that they do not include all
items that impact the Company’s net income (loss) for the period. In addition, because non-GAAP financial measures are not measured
in the same manner by all companies, they may not be comparable to other similarly titled measures used by other companies. In light of
the foregoing limitations, you should not consider a non-GAAP financial measure in isolation from or as an alternative to the financial
measures prepared in accordance with U.S. GAAP.
The presentation of these non-GAAP financial measures
is not intended to be considered in isolation from, or as a substitute for, the financial information prepared and presented in accordance
with U.S. GAAP. For more information on these non-GAAP financial measures, please see the table captioned “HUYA Inc. Unaudited Reconciliations
of GAAP and Non-GAAP Results” at the end of this announcement.
Exchange Rate Information
This announcement
contains translations of certain RMB amounts into U.S. dollars at a specified rate solely for the convenience of the reader. Unless otherwise
noted, all translations from RMB to U.S. dollars are made at a rate of RMB6.7851 to US$1.00, the noon buying rate in effect on
June 30, 2026, in the H.10 statistical release of the Federal Reserve Board. The Company makes no representation that the Renminbi
or U.S. dollar amounts referred to in this announcement could have been or could be converted into U.S. dollars or Renminbi, as the case
may be, at any particular rate or at all.
Safe Harbor Statement
This announcement contains forward-looking statements.
These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995.
These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,”
“future,” “intends,” “plans,” “believes,” “estimates” and similar statements.
Among other things, the quotations from management in this announcement, as well as Huya’s strategic and operational plans, contain
forward-looking statements. Huya may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities
and Exchange Commission (“SEC”), in its annual report to shareholders, in press releases and other written materials and in
oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements
about Huya’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties.
A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but
not limited to the following: Huya’s goals and strategies; Huya’s future business development, results of operations and financial
condition; the expected growth of the live streaming industry and the game industry in Chinese mainland and internationally; Huya’s
expectation regarding demand for and market acceptance of its products and services; Huya’s ability to retain and grow its user
reach, broadcasters, talent agencies, business partners for game-related services and advertisers; Huya’s ability to expand its
product and service offerings; competition in the live streaming industry and game industry; Huya’s efforts in complying with applicable
data privacy and security regulations; fluctuations in general economic and business conditions in China; the economy in China and elsewhere
generally; any regulatory developments in laws, regulations, rules, policies or guidelines applicable to Huya; and assumptions underlying
or related to any of the foregoing. Further information regarding these and other risks is included in Huya’s filings with the SEC.
All information provided in this press release and in the attachments is as of the date of this press release, and Huya does not undertake
any obligation to update any forward-looking statement, except as required under applicable law.
For investor and media inquiries, please contact:
In China:
HUYA Inc.
Investor Relations
Tel: +86-20-2290-7829
E-mail: ir@huya.com
Piacente Financial Communications
Jenny Cai
Tel: +86-10-6508-0677
E-mail: huya@tpg-ir.com
In the United States:
Piacente Financial Communications
Brandi Piacente
Tel: +1-212-481-2050
E-mail: huya@tpg-ir.com
HUYA INC.
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS
(All amounts in thousands, except share, ADS, per
share data and per ADS data)
| | |
As of December 31, | | |
As of June 30, | |
| | |
2025 | | |
2026 | | |
2026 | |
| | |
RMB | | |
RMB | | |
US$ | |
| Assets | |
| | | |
| | | |
| | |
| Current assets | |
| | | |
| | | |
| | |
| Cash and cash equivalents | |
| 692,663 | | |
| 322,165 | | |
| 47,481 | |
| Restricted cash | |
| 12,031 | | |
| 29,671 | | |
| 4,373 | |
| Short-term deposits | |
| 3,125,760 | | |
| 2,130,908 | | |
| 314,057 | |
| Accounts receivable, net | |
| 238,569 | | |
| 407,019 | | |
| 59,987 | |
| Prepaid assets and amounts due from related parties, net | |
| 290,747 | | |
| 280,388 | | |
| 41,324 | |
| Prepayments and other current assets, net | |
| 547,078 | | |
| 434,027 | | |
| 63,967 | |
| | |
| | | |
| | | |
| | |
| Total current assets | |
| 4,906,848 | | |
| 3,604,178 | | |
| 531,189 | |
| | |
| | | |
| | | |
| | |
| Non-current assets | |
| | | |
| | | |
| | |
| Long-term deposits | |
| - | | |
| 760,000 | | |
| 112,010 | |
| Investments | |
| 296,165 | | |
| 344,617 | | |
| 50,790 | |
| Goodwill | |
| 453,498 | | |
| 439,439 | | |
| 64,765 | |
| Property and equipment, net | |
| 604,368 | | |
| 682,612 | | |
| 100,605 | |
| Intangible assets, net | |
| 127,633 | | |
| 106,309 | | |
| 15,668 | |
| Right-of-use assets, net | |
| 304,017 | | |
| 302,376 | | |
| 44,565 | |
| Prepayments and other non-current assets | |
| 8,843 | | |
| 19,045 | | |
| 2,807 | |
| | |
| | | |
| | | |
| | |
| Total non-current assets | |
| 1,794,524 | | |
| 2,654,398 | | |
| 391,210 | |
| | |
| | | |
| | | |
| | |
| Total assets | |
| 6,701,372 | | |
| 6,258,576 | | |
| 922,399 | |
| | |
| | | |
| | | |
| | |
| Liabilities and shareholders’ equity | |
| | | |
| | | |
| | |
| Current liabilities | |
| | | |
| | | |
| | |
| Accounts payable | |
| 237,903 | | |
| 355,796 | | |
| 52,438 | |
| Advances from customers and deferred revenue | |
| 228,167 | | |
| 199,916 | | |
| 29,464 | |
| Income taxes payable | |
| 61,479 | | |
| 46,604 | | |
| 6,869 | |
| Accrued liabilities and other current liabilities | |
| 1,032,437 | | |
| 832,984 | | |
| 122,764 | |
| Amounts due to related parties | |
| 150,166 | | |
| 123,954 | | |
| 18,269 | |
| Lease liabilities due within one year | |
| 18,982 | | |
| 11,651 | | |
| 1,717 | |
| | |
| | | |
| | | |
| | |
| Total current liabilities | |
| 1,729,134 | | |
| 1,570,905 | | |
| 231,521 | |
| | |
| | | |
| | | |
| | |
| Non-current liabilities | |
| | | |
| | | |
| | |
| Lease liabilities | |
| 1,766 | | |
| 11,263 | | |
| 1,660 | |
| Deferred tax liabilities | |
| 18,932 | | |
| 16,766 | | |
| 2,471 | |
| Deferred revenue | |
| 31,824 | | |
| 37,480 | | |
| 5,524 | |
| | |
| | | |
| | | |
| | |
| Total non-current liabilities | |
| 52,522 | | |
| 65,509 | | |
| 9,655 | |
| | |
| | | |
| | | |
| | |
| Total liabilities | |
| 1,781,656 | | |
| 1,636,414 | | |
| 241,176 | |
HUYA INC.
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS
(CONTINUED)
(All amounts in thousands, except share, ADS, per
share data and per ADS data)
| | |
As of December 31, | | |
As of June 30, | |
| | |
2025 | | |
2026 | | |
2026 | |
| | |
RMB | | |
RMB | | |
US$ | |
| Shareholders’ equity | |
| | | |
| | | |
| | |
| Class A ordinary shares (US$0.0001 par value; 750,000,000 shares authorized as of December 31, 2025 and June 30, 2026, respectively; 73,146,779 and 77,979,576 shares issued and outstanding as of December 31, 2025 and June 30, 2026, respectively) | |
| 54 | | |
| 58 | | |
| 9 | |
| Class B ordinary shares (US$0.0001 par value; 200,000,000 shares authorized as of December 31, 2025 and June 30, 2026, respectively; 150,386,517 and 150,386,517 shares issued and outstanding as of December 31, 2025 and June 30, 2026, respectively) | |
| 98 | | |
| 98 | | |
| 14 | |
| Treasury shares | |
| (128,056 | ) | |
| (108,917 | ) | |
| (16,052 | ) |
| Additional paid-in capital | |
| 6,466,101 | | |
| 6,230,982 | | |
| 918,333 | |
| Statutory reserves | |
| 122,429 | | |
| 122,429 | | |
| 18,044 | |
| Accumulated deficit | |
| (2,219,365 | ) | |
| (2,233,576 | ) | |
| (329,188 | ) |
| Accumulated other comprehensive income | |
| 678,455 | | |
| 611,088 | | |
| 90,063 | |
| | |
| | | |
| | | |
| | |
| Total shareholders’ equity | |
| 4,919,716 | | |
| 4,622,162 | | |
| 681,223 | |
| | |
| | | |
| | | |
| | |
| Total liabilities and shareholders’ equity | |
| 6,701,372 | | |
| 6,258,576 | | |
| 922,399 | |
| * |
For the avoidance of doubt, the total outstanding ordinary shares include 5,655,480 Class A ordinary shares beneficially owned by participants of HUYA Inc.’s share incentive plans. |
HUYA INC.
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS
OF OPERATIONS
(All amounts in thousands, except share, ADS, per share data
and per ADS data)
| | |
Three Months Ended | | |
Six Months Ended | |
| | |
June 30,
2025 | | |
March 31,
2026 | | |
June 30,
2026 | | |
June 30,
2026 | | |
June 30,
2025 | | |
June 30,
2026 | | |
June 30,
2026 | |
| | |
RMB | | |
RMB | | |
RMB | | |
US$ | | |
RMB | | |
RMB | | |
US$ | |
| Net revenues | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| Live streaming | |
| 1,153,232 | | |
| 1,100,993 | | |
| 1,101,472 | | |
| 162,337 | | |
| 2,291,383 | | |
| 2,202,465 | | |
| 324,603 | |
| Game-related services, advertising and others | |
| 413,857 | | |
| 627,393 | | |
| 637,863 | | |
| 94,009 | | |
| 784,291 | | |
| 1,265,256 | | |
| 186,476 | |
| | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| Total net revenues | |
| 1,567,089 | | |
| 1,728,386 | | |
| 1,739,335 | | |
| 256,346 | | |
| 3,075,674 | | |
| 3,467,721 | | |
| 511,079 | |
| | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| Cost of revenues(1) | |
| (1,354,771 | ) | |
| (1,475,234 | ) | |
| (1,484,342 | ) | |
| (218,765 | ) | |
| (2,674,873 | ) | |
| (2,959,576 | ) | |
| (436,188 | ) |
| | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| Gross profit | |
| 212,318 | | |
| 253,152 | | |
| 254,993 | | |
| 37,581 | | |
| 400,801 | | |
| 508,145 | | |
| 74,891 | |
| Operating expenses(1) | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| Research and development expenses | |
| (122,156 | ) | |
| (131,709 | ) | |
| (120,447 | ) | |
| (17,752 | ) | |
| (251,681 | ) | |
| (252,156 | ) | |
| (37,163 | ) |
| Sales and marketing expenses | |
| (57,699 | ) | |
| (88,067 | ) | |
| (90,988 | ) | |
| (13,410 | ) | |
| (118,394 | ) | |
| (179,055 | ) | |
| (26,389 | ) |
| General and administrative expenses | |
| (63,743 | ) | |
| (65,092 | ) | |
| (58,420 | ) | |
| (8,610 | ) | |
| (125,188 | ) | |
| (123,512 | ) | |
| (18,203 | ) |
| | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| Total operating expenses | |
| (243,598 | ) | |
| (284,868 | ) | |
| (269,855 | ) | |
| (39,772 | ) | |
| (495,263 | ) | |
| (554,723 | ) | |
| (81,755 | ) |
| | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| Other income, net | |
| 7,577 | | |
| 2,927 | | |
| 7,847 | | |
| 1,157 | | |
| 11,111 | | |
| 10,774 | | |
| 1,588 | |
| | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| Operating loss | |
| (23,703 | ) | |
| (28,789 | ) | |
| (7,015 | ) | |
| (1,034 | ) | |
| (83,351 | ) | |
| (35,804 | ) | |
| (5,276 | ) |
| | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| Interest income | |
| 59,074 | | |
| 30,327 | | |
| 25,664 | | |
| 3,782 | | |
| 123,990 | | |
| 55,991 | | |
| 8,252 | |
| Impairment loss of investments | |
| (30,000 | ) | |
| - | | |
| (12,475 | ) | |
| (1,839 | ) | |
| (30,000 | ) | |
| (12,475 | ) | |
| (1,839 | ) |
| Foreign currency exchange losses, net | |
| (2,112 | ) | |
| (1,703 | ) | |
| (2,782 | ) | |
| (410 | ) | |
| (2,528 | ) | |
| (4,485 | ) | |
| (661 | ) |
| | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| Income (loss) before income tax expenses | |
| 3,259 | | |
| (165 | ) | |
| 3,392 | | |
| 499 | | |
| 8,111 | | |
| 3,227 | | |
| 476 | |
| | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| Income tax expenses | |
| (7,388 | ) | |
| (2,631 | ) | |
| (1,817 | ) | |
| (268 | ) | |
| (10,636 | ) | |
| (4,448 | ) | |
| (656 | ) |
| | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| (Loss) income before (loss) income in equity method investments, net of income taxes | |
| (4,129 | ) | |
| (2,796 | ) | |
| 1,575 | | |
| 231 | | |
| (2,525 | ) | |
| (1,221 | ) | |
| (180 | ) |
| | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| (Loss) income in equity method investments, net of income taxes | |
| (1,362 | ) | |
| (1,271 | ) | |
| 49 | | |
| 7 | | |
| (2,039 | ) | |
| (1,222 | ) | |
| (180 | ) |
| | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| Net (loss) income attributable to HUYA Inc. | |
| (5,491 | ) | |
| (4,067 | ) | |
| 1,624 | | |
| 238 | | |
| (4,564 | ) | |
| (2,443 | ) | |
| (360 | ) |
| | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| Net (loss) income attributable to ordinary shareholders | |
| (5,491 | ) | |
| (4,067 | ) | |
| 1,624 | | |
| 238 | | |
| (4,564 | ) | |
| (2,443 | ) | |
| (360 | ) |
HUYA INC.
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (CONTINUED)
(All amounts in thousands, except share, ADS, per
share data and per ADS data)
| | |
Three Months Ended | | |
Six Months Ended | |
| | |
June 30,
2025 | | |
March 31,
2026 | | |
June 30,
2026 | | |
June 30,
2026 | | |
June 30,
2025 | | |
June 30,
2026 | | |
June 30,
2026 | |
| | |
RMB | | |
RMB | | |
RMB | | |
US$ | | |
RMB | | |
RMB | | |
US$ | |
| Net (loss) income per ordinary share | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| —Basic | |
| (0.02 | ) | |
| (0.02 | ) | |
| 0.01 | | |
| 0.00 | | |
| (0.02 | ) | |
| (0.01 | ) | |
| (0.00 | ) |
| —Diluted | |
| (0.02 | ) | |
| (0.02 | ) | |
| 0.01 | | |
| 0.00 | | |
| (0.02 | ) | |
| (0.01 | ) | |
| (0.00 | ) |
| Net (loss) income per ADS* | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| —Basic | |
| (0.02 | ) | |
| (0.02 | ) | |
| 0.01 | | |
| 0.00 | | |
| (0.02 | ) | |
| (0.01 | ) | |
| (0.00 | ) |
| —Diluted | |
| (0.02 | ) | |
| (0.02 | ) | |
| 0.01 | | |
| 0.00 | | |
| (0.02 | ) | |
| (0.01 | ) | |
| (0.00 | ) |
| | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| Weighted average number of ADS used in calculating net (loss) income per ADS | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| —Basic | |
| 227,675,862 | | |
| 229,705,246 | | |
| 229,420,912 | | |
| 229,420,912 | | |
| 228,554,238 | | |
| 229,562,293 | | |
| 229,562,293 | |
| —Diluted | |
| 227,675,862 | | |
| 229,705,246 | | |
| 232,687,370 | | |
| 232,687,370 | | |
| 228,554,238 | | |
| 229,562,293 | | |
| 229,562,293 | |
| ** |
Each ADS represents one Class A ordinary share. |
| (1) |
Share-based compensation was allocated in cost of revenues and operating expenses as follows: |
| | |
Three Months Ended | | |
Six Months Ended | |
| | |
June 30,
2025 | | |
March 31,
2026 | | |
June 30,
2026 | | |
June 30,
2026 | | |
June 30,
2025 | | |
June 30,
2026 | | |
June 30,
2026 | |
| | |
RMB | | |
RMB | | |
RMB | | |
US$ | | |
RMB | | |
RMB | | |
US$ | |
| Cost of revenues | |
| 3,707 | | |
| 2,435 | | |
| 1,563 | | |
| 230 | | |
| 7,090 | | |
| 3,998 | | |
| 589 | |
| Research and development expenses | |
| 6,563 | | |
| 4,437 | | |
| 4,025 | | |
| 593 | | |
| 12,876 | | |
| 8,462 | | |
| 1,247 | |
| Sales and marketing expenses | |
| 394 | | |
| 211 | | |
| 180 | | |
| 27 | | |
| 714 | | |
| 391 | | |
| 58 | |
| General and administrative expenses | |
| 7,385 | | |
| 13,512 | | |
| 12,191 | | |
| 1,797 | | |
| 15,433 | | |
| 25,703 | | |
| 3,788 | |
HUYA INC.
UNAUDITED RECONCILIATIONS OF GAAP AND NON-GAAP
RESULTS
(All amounts in thousands, except share, ADS, per
share data and per ADS data)
| | |
Three
Months Ended | | |
Six
Months Ended | |
| | |
June 30,
2025 | | |
March 31,
2026 | | |
June 30,
2026 | | |
June 30,
2026 | | |
June 30,
2025 | | |
June 30,
2026 | | |
June 30,
2026 | |
| | |
RMB | | |
RMB | | |
RMB | | |
US$ | | |
RMB | | |
RMB | | |
US$ | |
| Gross
profit | |
| 212,318 | | |
| 253,152 | | |
| 254,993 | | |
| 37,581 | | |
| 400,801 | | |
| 508,145 | | |
| 74,891 | |
| Share-based
compensation expenses allocated in cost of revenues | |
| 3,707 | | |
| 2,435 | | |
| 1,563 | | |
| 230 | | |
| 7,090 | | |
| 3,998 | | |
| 589 | |
| | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| Non-GAAP
gross profit | |
| 216,025 | | |
| 255,587 | | |
| 256,556 | | |
| 37,811 | | |
| 407,891 | | |
| 512,143 | | |
| 75,480 | |
| | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| Operating
loss | |
| (23,703 | ) | |
| (28,789 | ) | |
| (7,015 | ) | |
| (1,034 | ) | |
| (83,351 | ) | |
| (35,804 | ) | |
| (5,276 | ) |
| Share-based
compensation expenses | |
| 18,049 | | |
| 20,595 | | |
| 17,959 | | |
| 2,647 | | |
| 36,113 | | |
| 38,554 | | |
| 5,682 | |
| Amortization
of intangible assets from business acquisitions | |
| 6,005 | | |
| 5,466 | | |
| 5,208 | | |
| 768 | | |
| 12,001 | | |
| 10,674 | | |
| 1,573 | |
| | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| Non-GAAP
operating income (loss) | |
| 351 | | |
| (2,728 | ) | |
| 16,152 | | |
| 2,381 | | |
| (35,237 | ) | |
| 13,424 | | |
| 1,979 | |
| | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| Net
(loss) income attributable to HUYA Inc. | |
| (5,491 | ) | |
| (4,067 | ) | |
| 1,624 | | |
| 238 | | |
| (4,564 | ) | |
| (2,443 | ) | |
| (360 | ) |
| Impairment
loss of investments | |
| 30,000 | | |
| - | | |
| 12,475 | | |
| 1,839 | | |
| 30,000 | | |
| 12,475 | | |
| 1,839 | |
| Share-based
compensation expenses | |
| 18,049 | | |
| 20,595 | | |
| 17,959 | | |
| 2,647 | | |
| 36,113 | | |
| 38,554 | | |
| 5,682 | |
| Amortization
of intangible assets from business acquisitions, net of income taxes | |
| 4,984 | | |
| 4,537 | | |
| 4,323 | | |
| 637 | | |
| 9,961 | | |
| 8,860 | | |
| 1,306 | |
| | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| Non-GAAP
net income attributable to HUYA Inc. | |
| 47,542 | | |
| 21,065 | | |
| 36,381 | | |
| 5,361 | | |
| 71,510 | | |
| 57,446 | | |
| 8,467 | |
| | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| Net
(loss) income attributable to ordinary shareholders | |
| (5,491 | ) | |
| (4,067 | ) | |
| 1,624 | | |
| 238 | | |
| (4,564 | ) | |
| (2,443 | ) | |
| (360 | ) |
| Impairment
loss of investments | |
| 30,000 | | |
| - | | |
| 12,475 | | |
| 1,839 | | |
| 30,000 | | |
| 12,475 | | |
| 1,839 | |
| Share-based
compensation expenses | |
| 18,049 | | |
| 20,595 | | |
| 17,959 | | |
| 2,647 | | |
| 36,113 | | |
| 38,554 | | |
| 5,682 | |
| Amortization
of intangible assets from business acquisitions, net of income taxes | |
| 4,984 | | |
| 4,537 | | |
| 4,323 | | |
| 637 | | |
| 9,961 | | |
| 8,860 | | |
| 1,306 | |
| | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| Non-GAAP
net income attributable to ordinary shareholders | |
| 47,542 | | |
| 21,065 | | |
| 36,381 | | |
| 5,361 | | |
| 71,510 | | |
| 57,446 | | |
| 8,467 | |
| | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| Non-GAAP
net income per ordinary share | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| —Basic | |
| 0.21 | | |
| 0.09 | | |
| 0.16 | | |
| 0.02 | | |
| 0.31 | | |
| 0.25 | | |
| 0.04 | |
| —Diluted | |
| 0.21 | | |
| 0.09 | | |
| 0.16 | | |
| 0.02 | | |
| 0.31 | | |
| 0.25 | | |
| 0.04 | |
| | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| Non-GAAP
net income per ADS | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| —Basic | |
| 0.21 | | |
| 0.09 | | |
| 0.16 | | |
| 0.02 | | |
| 0.31 | | |
| 0.25 | | |
| 0.04 | |
| —Diluted | |
| 0.21 | | |
| 0.09 | | |
| 0.16 | | |
| 0.02 | | |
| 0.31 | | |
| 0.25 | | |
| 0.04 | |
| | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| Weighted
average number of ADS used in calculating Non-GAAP net income per ADS | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| —Basic | |
| 227,675,862 | | |
| 229,705,246 | | |
| 229,420,912 | | |
| 229,420,912 | | |
| 228,554,238 | | |
| 229,562,293 | | |
| 229,562,293 | |
| —Diluted | |
| 230,562,291 | | |
| 233,646,621 | | |
| 232,687,370 | | |
| 232,687,370 | | |
| 231,018,054 | | |
| 233,086,222 | | |
| 233,086,222 | |
