Categories Earnings, Leisure & Entertainment

Huya Inc (NYSE: HUYA): Q3 2019 Earnings Snapshot

— 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.

Huya Inc Q3 2019 Earnings Snapshot

— 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

Also Read:  Highlights of Aurora Cannabis (ACB) Q4 2020 earnings report

Most Popular

Highlights of Aurora Cannabis (ACB) Q4 2020 earnings report

Aurora Cannabis, Inc. (NYSE: ACB) reported a wider loss for the fourth quarter of 2020, hurt by a 5% decrease in revenues. The company’s stock fell sharply during Tuesday’s after-hours

Infographic: Stitch Fix Q4 2020 earnings

Stitch Fix (NASDAQ: SFIX) reported fourth-quarter 2020 financial results after the closing bell on Tuesday. The company reported an 11% increase in Q4 revenues to $443.4 million, beating Wall Street

Nike Inc. (NKE) stock spikes after beating Q1 2021 estimates

Nike Inc.'s (NYSE: NKE) profit and revenue in the first quarter of fiscal 2021 surpassed the market's estimates and sent the NKE stock up by about 7% in the extended

One thought on “Huya Inc (NYSE: HUYA): Q3 2019 Earnings Snapshot

Comments are closed.

Top