— China-based esports streaming platform Huya Inc. (NYSE: HUYA) reported its third-quarter 2019 adjusted earnings of $0.12 per American Depository Shares versus $0.11 per ADS expected.
— Total net revenues jumped by 77.4% to $316.9 million versus $305.03 million expected. The results were driven by higher live streaming revenues as well as rising demand from gaming advertisers.

— Live streaming revenues increased by 77.2% on the increase in both average spending per paying user and the number of paying users on Huya’s platform.
— Advertising and other revenues soared by 81.3% on rising demand from gaming advertisers, the newly launched advertising distribution platform, and further recognition of Huya’s brand name in China’s online advertising market.
— Average mobile MAUs reached 63.8 million, representing an increase of 29.1% from 49.4 million in the third quarter of 2018. Average MAUs jumped by 47.6% to 146.1 million from 99.0 million a year ago.
— The total number of paying users reached 5.3 million, representing an increase of 28.5% from 4.2 million in the third quarter of 2018.
— Looking ahead into the fourth quarter, the company expects total net revenues in the range of RMB2,340 million to RMB2,420 million. This represents year-over-year growth of between 55.5% and 60.8%.
Listen to on-demand earnings calls and hear how management responds to analysts’ questions
Most Popular
MCD Earnings: McDonald’s comp sales up 12.6% in Q4; profit increases
Fast-food chain McDonald’s Corporation (NYSE: MCD) on Tuesday reported an increase in adjusted earnings for the fourth quarter of 2022 when its revenues remained broadly unchanged. The company said fourth-quarter
GM Earnings: All you need to know about General Motors Q4 2022 earnings results
General Motors Co. (NYSE: GM) reported fourth quarter 2022 earnings results today. Revenue increased 28.4% year-over-year to $43.1 billion. Net income attributable to stockholders increased 14.8% to $2 billion while EPS rose 19.8%
CAT Earnings: Highlights of Caterpillar’s Q4 2022 results
Construction-equipment manufacturer Caterpillar Inc. (NYSE: CAT) reported double-digit growth in fourth-quarter revenues and adjusted earnings. Adjusted net profit increased to $3.86 per share in the December quarter from $2.69 per