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]

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 ...

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, 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 ...

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 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 ...

[Executive Summary](index=1&type=section&id=Executive%20Summary) HUYA Inc.'s total net revenues for Q3 2022 decreased year-over-year to RMB 2.3785 billion, with significant declines in net income and non-GAAP net income, while mobile MAU slightly increased amidst macro headwinds [Third Quarter 2022 Highlights](index=1&type=section&id=Third%20Quarter%202022%20Highlights) Key financial and operational metrics for Q3 2022 show significant year-over-year declines in revenues and profits, despite a slight increase in mobile MAU **Key Financial and Operational Highlights for Q3 2022 (YoY):** | Metric | Q3 2022 (RMB million) | Q3 2021 (RMB million) | Change % | | :--- | :--- | :--- | :--- | | Total Net Revenues | 2,378.5 | 2,975.5 | -20.0% | | Net Income Attributable to HUYA Inc. | 60.4 | 524.4 | -88.5% | | Non-GAAP Net Income Attributable to HUYA Inc. | 106.1 | 180.0 | -41.1% | | Average Mobile MAU of Huya Live | 86.0 | 85.1 | +1.1% | | Total Paying Users of Huya Live | 5.5 | 6.0 | -8.3% | [Management Commentary](index=1&type=section&id=Management%20Commentary) Management discusses strategies for user engagement and operational efficiency amidst challenging market conditions, focusing on content, technology, and cost control - CEO Rongjie Dong stated that the company expanded its active user base with a **slight increase in mobile MAU** by enhancing interactive experiences and offering engaging game and entertainment content, while continuously improving live streaming technology and exploring new product features to build resilience amidst macro headwinds[3](index=3&type=chunk) - CFO Xin Wu reported total net revenues of approximately **RMB 2.4 billion** and net income of **RMB 60.4 million** for the quarter, with a focus on optimizing operations and streamlining the business, resulting in a **27.3% year-over-year decrease in total operating expenses** primarily due to savings in sales and marketing expenses[3](index=3&type=chunk) [Third Quarter 2022 Financial Results](index=2&type=section&id=Third%20Quarter%202022%20Financial%20Results) HUYA Inc.'s Q3 2022 total net revenues decreased by **20.0% year-over-year** to **RMB 2.3785 billion**, driven by declines in live streaming and advertising revenues, while cost control measures led to a **27.3% decrease in total operating expenses**, despite significant drops in gross profit, operating profit, and net income attributable to HUYA Inc [Net Revenues Breakdown](index=2&type=section&id=Net%20Revenues%20Breakdown) Total net revenues declined by **20.0% year-over-year**, primarily due to decreases in live streaming and advertising revenues, impacted by macro and regulatory factors **Q3 2022 Net Revenues Breakdown (YoY):** | Revenue Type | Q3 2022 (RMB million) | Q3 2021 (RMB million) | Change % | | :--- | :--- | :--- | :--- | | Total Net Revenues | 2,378.5 | 2,975.5 | -20.0% | | Live Streaming Revenues | 2,017.1 | 2,601.9 | -22.5% | | Advertising and Other Revenues | 361.4 | 373.7 | -3.3% | - The decrease in live streaming revenues was primarily due to a decline in the number of paying users and lower average spending per paying user, influenced by adverse macro and regulatory environments affecting user sentiment[4](index=4&type=chunk) - The decline in advertising and other revenues was mainly due to weak demand for advertising services caused by challenging macro conditions, partially offset by a relatively larger contribution from content sub-licensing revenues recognized based on e-sports event schedules[5](index=5&type=chunk) [Cost of Revenues and Gross Profit](index=2&type=section&id=Cost%20of%20Revenues%20and%20Gross%20Profit) Cost of revenues decreased by **17.6% year-over-year**, driven by lower revenue sharing fees and optimized bandwidth costs, though gross profit still declined by **32.1%** **Q3 2022 Cost of Revenues and Gross Profit (YoY):** | Metric | Q3 2022 (RMB million) | Q3 2021 (RMB million) | Change % | | :--- | :--- | :--- | :--- | | Cost of Revenues | 2,036.2 | 2,471.5 | -17.6% | | Revenue Sharing Fees and Content Costs | 1,789.8 | 2,123.6 | -15.7% | | Bandwidth Costs | 115.0 | 178.0 | -35.4% | | Gross Profit | 342.4 | 504.0 | -32.1% | | Gross Margin | 14.4% | 16.9% | -2.5 percentage points | - The decrease in cost of revenues was primarily due to reduced revenue sharing fees and content costs resulting from lower live streaming revenues, along with significant optimization in bandwidth costs, which **decreased by 35.4%**, attributed to improved bandwidth cost management, technological enhancements, and strategic adjustments to overseas business[5](index=5&type=chunk)[6](index=6&type=chunk) [Operating Expenses](index=2&type=section&id=Operating%20Expenses) Total operating expenses decreased by **27.3% year-over-year**, driven by significant reductions in sales and marketing expenses and research and development expenses **Q3 2022 Operating Expenses (YoY):** | Expense Type | Q3 2022 (RMB million) | Q3 2021 (RMB million) | Change % | | :--- | :--- | :--- | :--- | | Research and Development Expenses | 171.8 | 206.2 | -16.7% | | Sales and Marketing Expenses | 124.3 | 229.4 | -45.8% | | General and Administrative Expenses | 78.7 | 80.1 | -1.8% | - Sales and marketing expenses significantly **decreased by 45.8%**, primarily due to reduced marketing and promotional expenses and personnel-related costs[7](index=7&type=chunk) - Research and development expenses **decreased by 16.7%**, mainly due to lower personnel-related costs and share-based compensation expenses[7](index=7&type=chunk) [Other Income and Net Income](index=3&type=section&id=Other%20Income%20and%20Net%20Income) Net income attributable to HUYA Inc. sharply declined by **88.5% year-over-year**, primarily due to reduced other income and a significant drop in net gain from equity method investments **Q3 2022 Other Income and Net Income (YoY):** | Metric | Q3 2022 (RMB million) | Q3 2021 (RMB million) | Change % | | :--- | :--- | :--- | :--- | | Other Income, Net | 43.9 | 94.8 | -53.7% | | Operating Profit | 11.6 | 83.1 | -86.0% | | Interest and Short-term Investment Income | 71.7 | 62.6 | +14.5% | | Income Tax Expense | 19.6 | 40.6 | -51.7% | | Net Gain from Equity Method Investments | 0.05 | 378.7 | -99.9% | | Net Income Attributable to HUYA Inc. | 60.4 | 524.4 | -88.5% | | Non-GAAP Net Income Attributable to HUYA Inc. | 106.1 | 180.0 | -41.1% | - The decrease in other income, net was primarily due to reduced tax refunds and government subsidies[10](index=10&type=chunk) - Net gain from equity method investments significantly decreased, mainly due to a one-time investment gain from the disposal of equity investments in Q3 2021[10](index=10&type=chunk) [Earnings Per Share (EPS)](index=3&type=section&id=Earnings%20Per%20Share%20(EPS)) Basic and diluted net income per ADS significantly decreased year-over-year, reflecting the overall decline in net income **Q3 2022 Net Income Per ADS (YoY):** | Metric | Q3 2022 (RMB) | Q3 2021 (RMB) | Change % | | :--- | :--- | :--- | :--- | | Basic and Diluted Net Income Per ADS | 0.25 | 2.20 / 2.17 | -88.6% / -88.5% | | Non-GAAP Basic and Diluted Net Income Per ADS | 0.44 | 0.75 | -41.3% | [Financial Position (Balance Sheet Snapshot)](index=3&type=section&id=Financial%20Position%20(Balance%20Sheet%20Snapshot)) Total cash and equivalents increased by **2.7% quarter-over-quarter**, indicating a stable liquidity position despite operational challenges **Cash and Equivalents as of September 30, 2022 (QoQ):** | Metric | September 30, 2022 (RMB million) | June 30, 2022 (RMB million) | Change % | | :--- | :--- | :--- | :--- | | Total Cash and Cash Equivalents, Short-term Deposits, Short-term Investments, and Long-term Deposits | 11,008.2 | 10,716.7 | +2.7% | [Corporate Information](index=4&type=section&id=Corporate%20Information) This section provides an overview of HUYA Inc.'s business, explains the use of non-GAAP financial measures, details exchange rate information, outlines forward-looking statement risks, and lists investor and media contacts [About HUYA Inc.](index=4&type=section&id=About%20HUYA%20Inc.) HUYA Inc. operates a leading game live streaming platform in China, fostering an engaging community for gaming enthusiasts and expanding into diverse entertainment content - HUYA Inc. is a leading game live streaming platform in China with a large and active community, collaborating with e-sports event organizers, game developers, and publishers to make e-sports live streaming one of its most popular content types[15](index=15&type=chunk) - The company has created a highly engaging, interactive, and immersive community for China's young generation of game enthusiasts, expanding its content to other entertainment types, with its open platform serving as a marketplace for streamers and talent agencies to collaborate closely with the company[15](index=15&type=chunk) [Use of Non-GAAP Financial Measures](index=4&type=section&id=Use%20of%20Non-GAAP%20Financial%20Measures) HUYA Inc. utilizes non-GAAP financial measures to provide a clearer understanding of its performance by excluding specific non-recurring or non-cash items - HUYA Inc. uses non-GAAP financial measures such as non-GAAP gross profit, non-GAAP operating profit (loss), and non-GAAP net income (loss) attributable to HUYA Inc., which exclude share-based compensation expenses, net loss from fair value change of investments (net of income taxes), and net gain from disposal of equity investments (net of income taxes)[16](index=16&type=chunk) - The company believes that analyzing and excluding the impact of these items provides a clearer understanding of its performance components for planning, forecasting, and measuring results, though non-GAAP financial measures have limitations as analytical tools and should not be considered in isolation or as a substitute for GAAP measures[16](index=16&type=chunk)[17](index=17&type=chunk) [Exchange Rate Information](index=5&type=section&id=Exchange%20Rate%20Information) The exchange rate used for RMB to USD conversions in this announcement is based on the Federal Reserve Board's H.10 statistical release as of September 30, 2022 - The exchange rate for converting RMB amounts to US dollars in this announcement is based on the noon buying rate of RMB **7.1135** to **US$1.00** as published in the H.10 statistical release of the Federal Reserve Board as of September 30, 2022[18](index=18&type=chunk) [Safe Harbor Statement](index=5&type=section&id=Safe%20Harbor%20Statement) This announcement contains forward-looking statements protected by the Private Securities Litigation Reform Act of 1995, subject to inherent risks and uncertainties that may cause actual results to differ materially - This announcement contains forward-looking statements protected by the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995, which involve inherent risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements[19](index=19&type=chunk) - Risk factors include, but are not limited to, HUYA's goals and strategies, future business development, growth of the game live streaming market, user acquisition and monetization capabilities, compliance with data privacy and security regulations, fluctuations in China's economic and business conditions, the impact of COVID-19, and any regulatory developments[19](index=19&type=chunk) [Investor and Media Contact](index=6&type=section&id=Investor%20and%20Media%20Contact) Contact information for investor relations and media inquiries is provided for both China and U.S. regions **Investor and Media Contact Information:** | Contact | Phone | Email | | :--- | :--- | :--- | | HUYA Inc. Investor Relations (China) | +86-20-2290-7829 | ir@huya.com | | The Piacente Group, Inc. Jenny Cai (China) | +86-10-6508-0677 | huya@tpg-ir.com | | The Piacente Group, Inc. Brandi Piacente (U.S.) | +1-212-481-2050 | huya@tpg-ir.com | [Conference Call](index=3&type=section&id=Conference%20Call) HUYA Inc. management will host an earnings conference call on November 15, 2022, at 7:00 AM U.S. Eastern Time (8:00 PM Beijing/Hong Kong Time), requiring pre-registration for access and offering a webcast and replay via the company's investor relations website - Conference call scheduled for **November 15, 2022, at 7:00 AM U.S. Eastern Time** (**8:00 PM Beijing/Hong Kong Time**)[13](index=13&type=chunk) - Participants must pre-register online **20 minutes in advance** via the link: https://register.vevent.com/register/BIa1ec580e695d495db24197bd9a916b06[13](index=13&type=chunk)[14](index=14&type=chunk) - The webcast of the earnings conference call will be accessible at https://ir.huya.com, with a replay available afterward[14](index=14&type=chunk) [Unaudited Condensed Consolidated Financial Statements](index=7&type=section&id=Unaudited%20Condensed%20Consolidated%20Financial%20Statements) This section presents HUYA Inc.'s unaudited condensed consolidated balance sheets, statements of operations, and reconciliations of GAAP to non-GAAP results as of September 30, 2022, illustrating the company's financial position and operating performance [Unaudited Condensed Consolidated Balance Sheets](index=7&type=section&id=Unaudited%20Condensed%20Consolidated%20Balance%20Sheets) The balance sheet snapshot as of September 30, 2022, shows total assets of **RMB 13.82 billion** and total shareholders' equity of **RMB 11.47 billion** **Key Balance Sheet Data as of September 30, 2022 (RMB thousand):** | Metric | December 31, 2021 | September 30, 2022 | | :--- | :--- | :--- | | Total Assets | 13,254,942 | 13,822,812 | | Total Liabilities | 2,744,741 | 2,348,938 | | Total Shareholders' Equity | 10,510,201 | 11,473,874 | [Unaudited Condensed Consolidated Statements of Operations](index=9&type=section&id=Unaudited%20Condensed%20Consolidated%20Statements%20of%20Operations) The statements of operations for Q3 2022 reflect a significant year-over-year decline in total net revenues, gross profit, operating profit, and net income attributable to HUYA Inc **Key Statements of Operations Data for Q3 2022 (RMB thousand):** | Metric | September 30, 2021 (Three Months Ended) | September 30, 2022 (Three Months Ended) | | :--- | :--- | :--- | | Total Net Revenues | 2,975,546 | 2,378,544 | | Cost of Revenues | (2,471,536) | (2,036,191) | | Gross Profit | 504,010 | 342,353 | | Operating Profit (Loss) | 83,134 | 11,577 | | Net Income (Loss) Attributable to HUYA Inc. | 524,379 | 60,423 | **Q3 2022 Net Income Per ADS (RMB):** | Metric | September 30, 2021 (Three Months Ended) | September 30, 2022 (Three Months Ended) | | :--- | :--- | :--- | | Basic | 2.20 | 0.25 | | Diluted | 2.17 | 0.25 | **Q3 2022 Share-based Compensation Expenses Allocation (RMB thousand):** | Expense Type | September 30, 2021 (Three Months Ended) | September 30, 2022 (Three Months Ended) | | :--- | :--- | :--- | | Cost of Revenues | 11,883 | 9,054 | | Research and Development Expenses | 34,720 | 22,289 | | Sales and Marketing Expenses | 2,512 | 1,507 | | General and Administrative Expenses | 21,714 | 12,813 | [Unaudited Reconciliations of GAAP and Non-GAAP Results](index=11&type=section&id=Unaudited%20Reconciliations%20of%20GAAP%20and%20Non-GAAP%20Results) This section provides a reconciliation of GAAP net income to non-GAAP net income, adjusting for share-based compensation and investment-related gains/losses **Q3 2022 GAAP to Non-GAAP Net Income Reconciliation (RMB thousand):** | Metric | September 30, 2021 (Three Months Ended) | September 30, 2022 (Three Months Ended) | | :--- | :--- | :--- | | Net Income Attributable to HUYA Inc. | 524,379 | 60,423 | | Less: Net Loss from Fair Value Change of Investments | (36,511) | — | | Less: Net Gain from Disposal of Equity Investments | (378,679) | — | | Add: Share-based Compensation Expenses | 70,829 | 45,663 | | Non-GAAP Net Income Attributable to HUYA Inc. | 180,018 | 106,086 | **Q3 2022 Non-GAAP Net Income Per ADS (RMB):** | Metric | September 30, 2021 (Three Months Ended) | September 30, 2022 (Three Months Ended) | | :--- | :--- | :--- | | Basic | 0.75 | 0.44 | | Diluted | 0.75 | 0.44 |

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 ...

HUYA Inc. (NYSE:HUYA) Q1 2022 Earnings Conference Call May 17, 2022 7:00 AM ET Company Participants Hanyu Liu - Investor Relations Rongjie Dong - Chief Executive Officer Ashley Wu - Vice President, Finance Conference Call Participants Thomas Chong - Jefferies Yiwen Zhang - China Renaissance Lei Zhang - Bank of America Ritchie Sun - HSBC Operator Hello, ladies and gentlemen, thank you for standing by for the First Quarter 2022 Earnings Conference Call for Huya, Inc. At this time, all participants are in a li ...