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HUYA(HUYA) - 2023 Q3 - Quarterly Report
2023-08-14 16:00
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 ...
HUYA(HUYA) - 2023 Q1 - Earnings Call Transcript
2023-05-16 15:29
HUYA Inc. (NYSE:HUYA) Q1 2023 Earnings Conference Call May 16, 2023 8:00 AM ET Company Participants Hanyu Liu - IR Director Rongjie Dong - CEO & Director Ashley Wu - VP, Finance Conference Call Participants Ritchie Sun - HSBC Yiwen Zhang - China Renaissance Securities Lei Zhang - Bank of America Jasmine Wang - Credit Suisse Thomas Chong - Jefferies Operator Hello, ladies and gentlemen, thank you for standing by for the First Quarter 2023 Earnings Conference Call for HUYA Inc. At this time, all participants ...
HUYA(HUYA) - 2023 Q2 - Quarterly Report
2023-05-15 16:00
Financial Performance - Total net revenues for Q1 2023 were RMB1,949.2 million (US$283.8 million), a decrease of 21% from RMB2,464.6 million in Q1 2022[2] - Net income attributable to HUYA Inc. was RMB44.8 million (US$6.5 million) for Q1 2023, compared to a net loss of RMB3.3 million in Q1 2022[9] - Live streaming revenues were RMB1,859.9 million (US$270.8 million) for Q1 2023, a decline from RMB2,151.7 million in Q1 2022[4] - Total net revenues for the three months ended March 31, 2023, were RMB 1,949,242, a decrease of 7.3% from RMB 2,102,193 for the previous quarter[24] - Live streaming revenues for the same period were RMB 1,859,924, down 5.8% from RMB 1,975,155 in the previous quarter[24] - Net income attributable to HUYA Inc. for the three months ended March 31, 2023, was RMB 44,828, compared to a net loss of RMB 524,399 in the previous quarter[24] - The company reported a basic net income per ADS of 0.18 for the three months ended March 31, 2023, compared to a loss of 2.16 in the previous quarter[26] User Engagement - Average mobile MAUs for Huya Live in Q1 2023 were 82.1 million, a slight increase from 81.9 million in Q1 2022[2] - Total number of paying users for Huya Live in Q1 2023 was 5.2 million, down from 5.9 million in Q1 2022[2] Cost and Expenses - Cost of revenues decreased by 20.6% to RMB1,692.8 million (US$246.5 million) in Q1 2023 from RMB2,131.0 million in Q1 2022[5] - Research and development expenses decreased by 22.3% to RMB152.4 million (US$22.2 million) in Q1 2023 from RMB196.3 million in Q1 2022[6] - Share-based compensation expenses allocated in cost of revenues for the three months ended March 31, 2023, were RMB 8,264 (US$ 1,203), down from RMB 6,122 in the previous quarter[30] Profitability Metrics - Gross profit for Q1 2023 was RMB256.5 million (US$37.3 million), with a gross margin of 13.2% compared to 13.5% in Q1 2022[6] - Gross profit for the three months ended March 31, 2023, was RMB 256,477, compared to a gross loss of RMB 284,182 in the previous quarter[24] - Non-GAAP gross profit for the same period was RMB 264,741 (US$ 38,549), showing a significant recovery from a loss of RMB 278,060 in the prior quarter[30] - Non-GAAP net income attributable to HUYA Inc. was RMB 85,521 (US$ 12,451) for the three months ended March 31, 2023, compared to a loss of RMB 439,958 in the prior quarter[30] - Basic and diluted non-GAAP net income per ADS for the three months ended March 31, 2023, was US$ 0.05, recovering from a loss of US$ 1.81 in the previous quarter[30] Operational Efficiency - Operating loss for Q1 2023 was RMB50.7 million (US$7.4 million), an improvement from RMB60.2 million in Q1 2022[8] - Operating loss for the three months ended March 31, 2023, was RMB 50,709, a significant improvement from an operating loss of RMB 576,696 in the previous quarter[24] - The operating loss for the three months ended March 31, 2023, was RMB 50,709 (US$ 7,384), a decrease from an operating loss of RMB 576,696 in the previous quarter[30] - The company continues to focus on improving operational efficiency and enhancing user engagement to drive future growth[30] Cash and Assets - As of March 31, 2023, the Company had cash and cash equivalents totaling RMB10,347.6 million (US$1,506.7 million), down from RMB10,749.2 million as of December 31, 2022[10] - Cash and cash equivalents increased to RMB 1,941,195 as of March 31, 2023, from RMB 655,241 as of December 31, 2022[20] - Total current assets as of March 31, 2023, were RMB 10,505,085, slightly up from RMB 10,453,531 as of December 31, 2022[20] - Total assets decreased to RMB 12,772,849 as of March 31, 2023, from RMB 13,147,007 as of December 31, 2022[21] - Shareholders' equity as of March 31, 2023, was RMB 10,836,636, a slight decrease from RMB 10,843,372 as of December 31, 2022[22] Impairment and Adjustments - The company reported an impairment loss of investments of RMB 55,201 in the previous quarter, which did not recur in the current quarter[30] - Weighted average number of ADS used in calculating non-GAAP net income per ADS for the three months ended March 31, 2023, was 242,786,352[30]
HUYA(HUYA) - 2022 Q4 - Annual Report
2023-04-25 16:00
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIE ...
HUYA(HUYA) - 2022 Q4 - Annual Report
2023-04-25 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of April 2023 Commission File Number: 001-38482 HUYA INC. Building A3, E-Park, 280 Hanxi Road Panyu District, Guangzhou 511446 People's Republic of China (Address of principal executive offices) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form ...
HUYA(HUYA) - 2022 Q4 - Earnings Call Transcript
2023-03-21 16:31
HUYA, Inc. (NYSE:HUYA) Q4 2022 Earnings Conference Call March 21, 2023 8:00 AM ET Company Participants Hanyu Liu - IR Director Rongjie Dong - CEO & Director Ashley Wu - VP, Finance Conference Call Participants Thomas Chong - Jefferies Yiwen Zhang - China Renaissance Securities Ritchie Sun - HSBC Lei Zhang - Bank of America Merrill Lynch Operator Hello, ladies and gentlemen. Thank you for standing by for the Fourth Quarter and Fiscal Year 2022 Earnings Conference Call for HUYA Inc. [Operator Instructions]. I ...
HUYA(HUYA) - 2023 Q1 - Quarterly Report
2023-03-20 16:00
Exhibit 99.1 HUYA Inc. Reports Fourth Quarter and Fiscal Year 2022 Unaudited Financial Results GUANGZHOU, China, March 21, 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 fourth quarter and fiscal year ended December 31, 2022. Fourth Quarter 2022 Highlights • Total net revenues for the fourth quarter of 2022 were RMB2,102.2 million (US$304.8 million), compared with RMB2,808.7 millio ...
HUYA(HUYA) - 2022 Q3 - Earnings Call Transcript
2022-11-15 14:37
HUYA Inc. (NYSE:HUYA) Q3 2022 Earnings Conference Call November 15, 2022 7:00 AM ET Company Participants Hanyu Liu - Investor Relations Ashley Wu - Vice President, Finance Rongjie Dong - Chief Executive Officer Conference Call Participants Yiwen Zhang - China Renaissance Thomas Chong - Jefferies Lei Zhang - Bank of America Merrill Lynch Ritchie Sun - HSBC Brian Gong - Citi Operator Hello, ladies and gentlemen. Thank you for standing by for the Third Quarter 2022 Earnings Conference Call for HUYA Inc. At thi ...
HUYA(HUYA) - 2022 Q2 - Earnings Call Transcript
2022-08-16 15:23
HUYA Inc. (NYSE:HUYA) Q2 2022 Results Conference Call August 16, 2022 7:00 AM ET Company Participants Hanyu Liu - Investor Relations Rongjie Dong - Chief Executive Officer Ashley Wu - Vice President, Finance Conference Call Participants Yiwen Zhang - China Renaissance Ritchie Sun - HSBC Thomas Chong - Jefferies Lei Zhang - Bank of America Operator Hello, ladies and gentlemen. Thank you for standing by for the Second Quarter 2022 Earnings Conference Call for HUYA Inc. [Operator Instructions] Today's conferen ...