Showing posts with label HUYA. Show all posts
Showing posts with label HUYA. Show all posts
Tuesday, August 13, 2019
=Huya (HUYA) reported earnings on Tue 13 Aug 2019 (a/h)
China livestreaming company Huya (HUYA) reported second-quarter results that beat Wall Street consensus on the top and bottom lines, pushing Huya stock higher on Wednesday.
Huya, a spinoff of YY (YY), reported an adjusted profit of 11 cents per share on revenue of $292.9 million. Wall Street expected earnings of 8 cents a share on revenue of $251.7 million. It posted the results late Tuesday. Revenue soared 93% from the year-ago period in China currency.
Huya initially jumped 4%, then gave back most of those gains. The stock edged up 0.3%, closing at 21.39 on the stock market today.
The company spun out of YY with an initial public offering in May 2018 that priced Huya stock at $12 per share.
Huya boasts the largest livestreaming gaming community in China, covering video games and esports. YY offers video streaming and chat features for concerts, fashion events and sports.
Huya User Growth Soars 57%
Total monthly average users climbed 57% to 144 million. Mobile monthly average users in the second quarter reached 55.9 million, up 31%. Huya reported having 4.9 million paying users, up 47%.
The company said user growth was driven by "enhanced partnership with several leading game studios and increased integration in the esports value chain."
Monday, August 12, 2019
Earnings this week : Aug 12 - 16, 19 (wk 33)
- Barrick Gold (NYSE:GOLD), Sysco (NYSE:SYY), on August 12;
- JD.com (NASDAQ:JD), Tilray (NASDAQ:TLRY), Grocery Outlet (GO), Huya (HUYA) and Brinker International on August 13;
- Myriad Genetics (MYGN), Sundial Growers (SNDL), Canada Goose (GOOS), Cisco Systems (NASDAQ:CSCO), Macy's (NYSE:M), Agilent Technologies (NYSE:A), Luckin Coffee (NASDAQ:LK), Canopy Growth (CGC)
and Tencent (OTCPK:TCEHY) on August 14; - Tapestry (TPR), Nvidia (NASDAQ:NVDA), Alibaba (BABA) and Wal-Mart (WMT), Briggs & Stratton (BGG), Canadian Solar (CSIQ), PagSeguro Digital (PAGS), Applied Materials (NASDAQ:AMAT), Nio (NYSE:NIO) and Madison Square Garden (NYSE:MSG) on August 15;
- Deere (NYSE:DE) on August 16.
Monday, August 13, 2018
=Huya (HUYA) reported earnings on Mon 13 Aug 2018 (a/h)
GUANGZHOU, China, Aug. 13, 2018 /PRNewswire/ -- HUYA Inc. ("Huya" or the "Company") (HUYA), a leading game live streaming platform in China, today announced its unaudited financial results for the second quarter ended June 30, 2018.
Second Quarter 2018 Financial and Operating Highlights
- Total net revenues for the second quarter of 2018 increased by 125.1% to RMB1,038.3 million (US$156.9 million), from RMB461.4 million in the same period of 2017.
- Non-GAAP net income attributable to Huya was RMB105.4 million (US$15.9 million) for the second quarter of 2018, compared with a non-GAAP net loss attributable to Huya of RMB9.3 million in the same period of 2017.
- Average mobile MAUs in the second quarter of 2018 reached 42.7 million, representing an increase of 24.7% from 34.2 million in the second quarter of 2017.
- Average MAUs in the second quarter of 2018 reached 91.5 million, representing an increase of 10.8% from 82.5 million in the second quarter of 2017.
- Total number of paying users in the second quarter of 2018 reached 3.4 million, representing an increase of 40.7% from 2.4 million in the second quarter of 2017.
Mr. Rongjie Dong, Chief Executive Officer of Huya, commented, "We are pleased to continue our strong growth momentum in the second quarter of 2018, recording revenue growth of 125.1% year-over-year, mainly driven by our fast-growing mobile user base that reached 42.7 million, representing nearly 50% of our total user base. We will focus on enhancing the user experience on our mobile applications to capitalize on user migration to mobile engagement.
"As the leading player in the game live streaming market in China, we are devoted to building a vibrant content ecosystem that empowers a vast number of broadcasters and content creators across our scalable and advanced technology platform, aiming to attract and engage a larger user base. Thrilled with the growth opportunities in the e-sports area, we will also continue to expand and deepen partnerships with a variety of key players in the e-sports sector in China and across the globe to maximize our content coverage, and in turn further enhance user engagement within our ecosystem."
Mr. Dong concluded, "The second quarter of 2018 was a constructive quarter for Huya as we successfully carried out our core business strategy. With our commitment to enriching content offerings and advancing technological capabilities, we are confident that we are well positioned to capture new monetization opportunities in the long run."
Sunday, August 12, 2018
Earnings this week : Aug 13 - 17, 18 (wk 33)
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