Financial Performance - Total net revenues for Q4 2023 were RMB1,529.8 million (US$215.5 million), a decrease of 28.0% from RMB2,119.4 million in Q4 2022[4] - Net loss attributable to HUYA Inc. for Q4 2023 was RMB275.0 million (US$38.7 million), improved from a net loss of RMB562.7 million in Q4 2022[4] - Total net revenues for fiscal year 2023 were RMB6,994.3 million (US$985.1 million), a decline of 24.5% from RMB9,264.4 million in 2022[5] - Net loss attributable to HUYA Inc. for fiscal year 2023 was RMB204.5 million (US$28.8 million), compared to RMB547.7 million in the prior year[8] - Live streaming revenues for Q4 2023 were RMB1,343.5 million (US$189.2 million), down 32.1% from RMB1,975.2 million in Q4 2022[6] - Live streaming revenues for fiscal year 2023 were RMB6,450.8 million (US$908.6 million), down 21.3% from RMB8,195.9 million in the prior year, attributed to a soft macro environment and strategic business adjustments[8] Profitability and Loss - Non-GAAP net income for fiscal year 2023 was RMB119.1 million (US$16.8 million), a significant improvement from a non-GAAP net loss of RMB290.7 million in 2022[5] - Operating loss for fiscal year 2023 was RMB443.6 million (US$62.5 million), an improvement from RMB736.2 million in the prior year[8] - Gross profit increased by 24.7% to RMB815.2 million (US$114.8 million) for fiscal year 2023, with a gross margin of 11.7%, compared to 7.1% in fiscal year 2022[8] - Gross profit for the fourth quarter of 2023 was RMB15,210, compared to a gross loss of RMB267,737 in the fourth quarter of 2022[22] Cash and Assets - The company had cash and cash equivalents totaling RMB9,916.4 million (US$1,396.7 million) as of December 31, 2023, down from RMB10,676.8 million as of September 30, 2023[8] - Cash and cash equivalents decreased from RMB694,091 as of December 31, 2022, to RMB511,973 as of December 31, 2023, a decline of 26.2%[18] - Total current assets decreased by 22.4% from RMB10,500,876 as of December 31, 2022, to RMB8,150,611 as of December 31, 2023[18] - Total liabilities decreased from RMB2,383,609 as of December 31, 2022, to RMB2,299,755 as of December 31, 2023, a reduction of 3.5%[20] - The company’s total shareholders' equity decreased from RMB11,409,391 as of December 31, 2022, to RMB10,624,599 as of December 31, 2023, a decline of 6.9%[20] Shareholder Returns - A special cash dividend of approximately US$150 million was declared for shareholders[5] - A special cash dividend of US$0.66 per ordinary share or ADS has been declared, totaling approximately US$150 million, payable on or around May 24, 2024[9] - The company repurchased US$28.8 million of its shares by the end of 2023[5] - The company authorized a share repurchase program of up to US$100 million, with 9.2 million ADSs repurchased for US$28.8 million as of December 31, 2023[8] Research and Development - Research and development expenses decreased by 15.5% to RMB578.6 million (US$81.5 million) for fiscal year 2023, primarily due to reduced personnel-related expenses[8] - Research and development expenses for the fourth quarter of 2023 were RMB137,001, down from RMB145,149 in the fourth quarter of 2022[22] - Research and development expenses for the twelve months ended December 31, 2023, totaled RMB67,242 million, compared to RMB40,679 million in the previous year, reflecting a growth of 65%[27] Future Outlook - Future outlook indicates a focus on expanding market presence and enhancing product offerings, with continued investment in research and development[30]

GUANGZHOU, China, March 19, 2024 /PRNewswire/ -- HUYA Inc. ("Huya" or the "Company") (NYSE: HUYA), a leading game live streaming platform in China, today announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2023. Fourth Quarter 2023 Highlights[1] Total net revenues for the fourth quarter of 2023 were RMB1,529.8 million (US$215.5 million), compared with RMB2,119.4 million for the same period of 2022. Net loss attributable to HUYA Inc. was RMB275.0 million (US$3 ...

-Earnings Webinar Scheduled for 8:00 a.m. ET on March 19, 2024- GUANGZHOU, China, Feb. 27, 2024 /PRNewswire/ -- HUYA Inc. ("Huya" or the "Company") (NYSE: HUYA), a leading game live streaming platform in China, today announced that it will report its fourth quarter and fiscal year 2023 unaudited financial results on Tuesday, March 19, 2024, before the open of U.S. markets. The Company's management will host a Tencent Meeting Webinar at 8:00 a.m. U.S. Eastern Time on March 19, 2024 (8:00 p.m. Beijing/Hong Ko ...

在中国，短视频领域最能赚钱的播主，是做直播带货的，动辄上亿的交易量令人心惊。 在欧美，赚钱能力最高的，带的「货」是游戏——YouTube 吸金能力排行榜，前几名常年被游戏播主占领。或者，可以说，游戏直播在欧美，热度和中国的主播带货可以相提并论。 在美国，一家名为 Twitch 的游戏直播平台，最高时候曾经拿下游戏直播市场 70% 的份额，让 YouTube 和 Meta 相形见绌，徒呼奈何。 三年疫情期间，Twitch 用户使用量暴增 45%，年度营收增长至 28 亿美元峰值——在成军十周年之后，Twitch 终于迎来了自己的巅峰。 而在 2023 年，Twitch 无论在用户时长还是用户数上，都开始下降。 Twitch 2023 年两项关键数据均下降 6.8%｜图源：streamscharts 数据之外，Twitch 的衰落也显而易见，在去年的冬天，Twitch 的首席产品官、首席客户官、首席内容官、首席营收官接连离职；联合创始人 Emmett Shear 在 6 月宣布辞去 CEO 的职位；去年 12 月，在电竞行业最发达的国家之一——韩国，Twitch 驻韩部门直接宣布将在今年 2 月 27 日关闭； ...

财联社2月5日讯（记者 徐赐豪），斗鱼与虎牙3年前“夭折的合并”，有了新动态。 日前，有传言称，直播平台斗鱼、虎牙即将合并。针对这一传言，斗鱼方面对新消费日报方面回应称斗鱼、虎牙存在业务合作，但目前没有合并计划，外界传闻不属实，而虎牙方面截至发稿暂无回应。 虽然两家都没有承认，不过斗鱼官方微信公众号却在今晚18点左右官宣，将和虎牙在2月6日至7日跨平台共创“龙争虎斗超级晚”，共有40多名主播参与。 值得注意的是，前不久《王者荣耀》和《和平精英》官方赛事先后宣布在抖音开播后，腾讯子公司“拳头游戏”的大流量端游《英雄联盟》和衍生IP《云顶之弈》也已基本确定将向抖音开放。而在腾讯旗下热门游戏IP对抖音集体解禁后，旭旭宝宝、张大仙外会有更多头部游戏主播流向抖音已成定局。 业内普遍认为，这是双方合作的一大诱因。 互联网传媒分析师李星向新消费日报记者表示，虎牙、斗鱼还能在游戏直播领域保有一席之地，重要原因之一就是握有《王者荣耀》的直播权。 但日前作为大股东的腾讯将《王者荣耀》直播开放给抖音，这意味着《王者荣耀》的流量红利外溢到腾讯系之外，面对新的挑战，虎牙、斗鱼需要“抱团取暖”。 此前，为了打造游戏产业链闭环，腾讯看上了 ...

2月4日，虎牙直播上线了全新的 V12.0 版本，这次版本迭代无论从UI、APP架构还是内容设置方面，都有“大刀阔斧”的变化。据虎牙介绍，这次版本更新主要有提升直播间体验、升级赛事体系、新增社区内容与游戏服务等，以满足用户对于直播内容专业性以及趣味性的需求。 赛事体系升级、新增电竞百科，社区内容更“硬核” 打开虎牙APP，飓风丝带旋转到中心跃出的虎牙LOGO让用户一眼就能感觉到速度与活力。“竞技由我，玩在虎牙”的Slogan简洁明了地表达新版本的重点。游戏与电竞，既是年轻用户感兴趣的，也是虎牙擅长的。 对于游戏用户来说，方便快捷找到最全、最新的赛事内容、游戏攻略、福利道具等等是很重要的体验。从虎牙V12.0版本来看，APP架构设计充分考虑到了这一点。APP首页的底部导航栏从“首页－娱乐－订阅－虎扯－我的”变为“首页－社区－赛事－福利－我的”，用户可以从一级目录轻松快速找到游戏相关内容。 在赛事内容方面，虎牙也进行了升级迭代。“赛事”作为独立导航页面，对赛事类别进行了扩容，聚集了各类专业游戏赛事，强化了传统电竞和体育赛事的实况战报。英雄联盟、王者荣耀、和平精英、UFC、斯诺克、X GAMES… ...

Financial Data and Key Metrics Changes - Total net revenues for Q3 2023 were RMB 1.65 billion, down from RMB 2.38 billion in the same period last year, reflecting a challenging market environment [20] - Non-GAAP net income reached RMB 103 million, slightly down from RMB 106 million year-over-year, with a non-GAAP net income margin of 6.3% [24] - Gross margin remained resilient at 13.9%, with gross profit of RMB 228 million [19][22] Business Line Data and Key Metrics Changes - Live streaming revenues were RMB 1.53 billion for Q3, down from RMB 2.02 billion year-over-year, primarily due to a decrease in quarterly paying users from 5.5 million to 4.2 million [20] - Advertising and other revenues decreased to RMB 116 million from RMB 361 million year-over-year, mainly due to a significant drop in content licensing revenues [21] - The number of quarterly paying users decreased, attributed to a soft industry environment and increased offline entertainment activities [20] Market Data and Key Metrics Changes - Huya's live mobile MAUs increased to 86 million, up 3.7% from the previous quarter, but flat year-over-year [15] - The company broadcasted about 80 third-party professional e-sports channels, achieving a total viewership of approximately 480 million [16] - The Asian Games e-sports events attracted significant attention, with peak concurrent users ranking among the top five tournaments in Q3 [18][41] Company Strategy and Development Direction - The company is focusing on a strategic transformation to enhance its game-related services, including game distribution, in-game item sales, and game advertising [6][11] - Plans to build a business infrastructure to support new services and develop cooperation terms with game studios are underway [6][29] - The goal is to achieve a balanced income structure by 2025, with game-related services accounting for about 30% of total revenue [37] Management Comments on Operating Environment and Future Outlook - Management acknowledged the soft industry environment and the need for time to restore user willingness and affordability [36] - The company expects continued challenges in Q4 due to seasonal factors and the impact of business adjustments, but anticipates a gradual return to stability in live streaming revenue [36][47] - For 2024, management is optimistic about increasing profitability through a higher proportion of game-related services, which have better gross margins [48] Other Important Information - The company has initiated a share repurchase program of up to US$100 million, with US$9 million repurchased by the end of Q3 [25] - Cash and cash equivalents stood at RMB 10.6 billion as of September 30, 2023, slightly down from RMB 10.8 billion at the end of Q2 [24] Q&A Session Summary Question: Update on strategic transformation - Management discussed the ongoing transformation focusing on commercialization and game-related services, emphasizing the active user base as a key advantage [28][29] Question: Revenue impact from strategic transformation - Management noted that adjustments to live streaming businesses led to revenue declines, but they expect gradual stabilization in the future [35][36] Question: Impact of major events like Asian Games - Management highlighted the successful broadcast of the Asian Games, which attracted new users and increased engagement on the platform [40][41] Question: Margin trends and profit targets for 2024 - Management indicated that Q4 may see increased costs due to events, but overall profit levels are expected to improve in 2024 with a focus on game-related services [46][48] Question: Share buyback plans and cash usage - Management confirmed the continuation of the share buyback program and plans to invest in content and technology while considering shareholder returns [50][51]

Huya Inc. HUYA Inc. Reports Third Quarter 2023 Unaudited Financial Results GUANGZHOU, China, Nov. 14, 2023 /PRNewswire/ -- HUYA Inc. ("Huya" or the "Company") (NYSE: HUYA), a leading game live streaming platform in China, today announced its unaudited financial results for the third quarter ended September 30, 2023. Third Quarter 2023 Highlights Total net revenues for the third quarter of 2023 were RMB1,647.8 million (US$225.8 million), compared with RMB2,378.5 million for the same period of 2022. Net incom ...

HUYA Inc. (NYSE:HUYA) Q2 2023 Results Conference Call August 15, 2023 8:00 AM ET Company Participants Hanyu Liu - Investor Relations Songtao Lin - Chairman Junhong Huang - Senior Vice President and Acting Co-Chief Executive Officer Ashley Wu - Acting Co-Chief Executive Officer and Vice President of Finance Conference Call Participants Thomas Chong - Jefferies Daniel Jang - UBS Lei Zhang - Bank of America Securities Yiwen Zhang - China Renaissance Operator Hello, ladies and gentlemen, thank you for standing ...

Exhibit 99.1 HUYA Inc. Reports Second Quarter 2023 Unaudited Financial Results GUANGZHOU, China, August 15, 2023 /PRNewswire/ — HUYA Inc. ("Huya" or the "Company") (NYSE: HUYA), a leading game live streaming platform in China, today announced its unaudited financial results for the second quarter ended June 30, 2023. Second Quarter 2023 Highlights • Total net revenues for the second quarter of 2023 were RMB1,821.4 million (US$251.2 million), compared with RMB2,275.2 million for the same period of 2022. • Ne ...