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

Most Popular

Does Unity Software (U) stock has more room to run?

Last month, the IPO market was in a full swing. IPOs of Snowflake (NYSE: SNOW) and JFROG (NASDAQ: FROG) had an impressive opening day in September, the former creating a

PepsiCo (PEP): Steady snacking habits amid pandemic drive strong quarter for beverage giant

PepsiCo Inc. (NASDAQ: PEP) beat market expectations on both revenue and earnings for the third quarter of 2020. The company saw the momentum continue in its snacks business while the

Does the virus-driven boom make Electronic Arts (EA) a good investment?

With more and more people turning to virtual entertainment sources, amid the virus-related movement restrictions, video game publishers like Electronic Arts (NASDAQ: EA) are witnessing unusually high demand. Not surprisingly,

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

Comments are closed.

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top