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  • Yesterday

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    • 7:12AM ET on Monday May 13, 2024 by MT Newswires
      Companies Mentioned: HUYA
      07:12 AM EDT, 05/13/2024 (MT Newswires) -- Huya (HUYA) reported Q1 non-GAAP net income Monday of 0.39 Chinese renminbi ($0.05) per diluted share, up from 0.35 renminbi a year earlier. One analyst polled by Capital IQ expected 0.17 renminbi. Total ne...
    • 6:11AM ET on Monday May 13, 2024 by MT Newswires
      Companies Mentioned: HUYA
      06:11 AM EDT, 05/13/2024 (MT Newswires) -- ...
    • 6:00AM ET on Monday May 13, 2024 by PR Newswire
      Companies Mentioned: HUYA

      HUYA Inc. ("Huya" or the "Company") (NYSE: HUYA), a leading game live streaming platform in China, today announced its unaudited financial results for the first quarter ended March 31, 2024.

      First Quarter 2024 Highlights[1]

    • 6:00AM ET on Monday May 13, 2024 by Dow Jones
      Companies Mentioned: HUYA
      --Diluted 0.16 (1.14) 0.30 0.04 Weighted average number of ADS used in calculating net income (loss) per ADS --Basic 242,786,352 240,915,572 233,157,641 233,157,641 --Diluted 246,437,853 240,915,572 236,271,702 236,271,702 * HUYA Inc. Unaudited Condensed Consolidated Statements of Operations for three months ended March 31, 2023 have been retrospectively adjusted due to the business combination under common control as stated in the footnote 1 of this press release. ** 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 March 31, December 31, March 31, March 31, 2023 2023 2024 2024 --------- ------------ --------- --------- RMB RMB RMB US$ Cost of revenues 8,264 (17) 4,285 593 Research and development expenses 19,940 546 7,616 1,055 Sales and marketing expenses 1,227 248 366 51 General and administrative expenses 11,262 (393) 4,268 591 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 March 31, December March 31, March 31, 2023* 31, 2023 2024 2024 ----------- ----------- ----------- ----------- RMB RMB RMB US$ Gross profit 269,070 15,210 220,545 30,545 Share-based compensation expenses allocated in cost of revenues 8,264 (17) 4,285 593 ----------- ----------- ----------- ----------- Non-GAAP gross profit 277,334 15,193 224,830 31,138 ----------- ----------- ----------- ----------- Operating loss (56,868) (322,267) (38,516) (5,334) Share-based compensation expenses 40,693 384 16,535 2,290 Amortization of intangible assets from business acquisitions 5,747 5,965 5,930 821 ----------- ----------- ----------- ----------- Non-GAAP operating loss (10,428) (315,918) (16,051) (2,223) ----------- ----------- ----------- ----------- Net income (loss) attributable to HUYA Inc. 39,613 (274,971) 71,033 9,839 Impairment loss of investments - 79,911 - - Share-based compensation expenses 40,693 384 16,535 2,290 Amortization of intangible assets from business acquisitions, net of income taxes 4,770 4,951 4,922 682 ----------- ----------- ----------- ----------- Non-GAAP net income (loss) attributable to HUYA Inc. 85,076 (189,725) 92,490 12,811 ----------- ----------- ----------- ----------- Net income (loss) attributable to ordinary shareholders 39,613 (274,971) 71,033 9,839 Impairment loss of investments - 79,911 - - Share-based compensation expenses 40,693 384 16,535 2,290 Amortization of intangible assets from business acquisitions, net of income taxes 4,770 4,951 4,922 682 Non-GAAP net income (loss) attributable to ordinary shareholders 85,076 (189,725) 92,490 12,811 ----------- ----------- ----------- ----------- Non-GAAP net income (loss) per ordinary share --Basic 0.35 (0.79) 0.40 0.05 --Diluted 0.35 (0.79) 0.39 0.05 Non-GAAP net income (loss) per ADS --Basic 0.35 (0.79) 0.40 0.05 --Diluted 0.35 (0.79) 0.39 0.05 Weighted average number of ADS used in calculating Non-GAAP net income (loss) per ADS --Basic 242,786,352 240,915,572 233,157,641 233,157,641 --Diluted 246,437,853 240,915,572 236,271,702 236,271,702
    • 6:00AM ET on Monday May 13, 2024 by Dow Jones
      Companies Mentioned: HUYA

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