Investment Rating - The report maintains a "Buy" rating for the company with a target price of $4.00, indicating a potential upside of 32% from the current price of $3.03 [5][8]. Core Insights - The company's Q3 2024 revenue was RMB 1.54 billion, a year-on-year decline of 7.6%, but slightly above market expectations by 1.4%. The live streaming revenue dropped 26% year-on-year, primarily due to industry weakness and strategic adjustments [2][3]. - The company reported a cautious operational strategy, with stable operating expenses and an operating loss of RMB 32 million. Adjusted net profit was RMB 78 million, exceeding market expectations of RMB 64 million, with an adjusted net profit margin of 5.1% [2][3]. - Game-related services, advertising, and other revenues surged by 209% year-on-year and 33% quarter-on-quarter, contributing 27% to total revenue, driven by enhanced collaboration with Tencent and other game companies [3]. Financial Summary - The company's financial projections indicate a decline in revenue from RMB 6.99 billion in FY23 to an estimated RMB 6.05 billion in FY24, with an expected operating loss of RMB 209 million in FY24 [4]. - Adjusted net profit is projected to recover to RMB 259 million in FY24, with a target price-to-earnings ratio of 25.8x for FY24 [4].

Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today:UBS Group AG (UBS) : This financial holding company has seen the Zacks Consensus Estimate for its current year earnings increasing 18.9% over the last 60 days.Kingstone Companies, Inc. (KINS) : This property and casualty insurance company has seen the Zacks Consensus Estimate for its current year earnings increasing 36% over the last 60 days.HUYA Inc. (HUYA) : This live-streaming company has seen the Zacks Consensus Estimate for its cur ...

Group 1: UBS Group AG - UBS Group AG is a financial holding company with a Zacks Rank 1 [1] - The Zacks Consensus Estimate for its current year earnings has increased by 18.9% over the last 60 days [1] - The company has a price-to-earnings ratio (P/E) of 22.52, compared to 24.30 for the S&P [1] - UBS Group possesses a Value Score of A [1] Group 2: Kingstone Companies, Inc. - Kingstone Companies, Inc. is a property and casualty insurance company with a Zacks Rank 1 [2] - The Zacks Consensus Estimate for its current year earnings has increased by 36% over the last 60 days [2] - The company has a price-to-earnings ratio (P/E) of 9.04, compared to 15.70 for the industry [2] - Kingstone Companies possesses a Value Score of B [2] Group 3: HUYA Inc. - HUYA Inc. is a live-streaming company with a Zacks Rank 1 [3] - The Zacks Consensus Estimate for its current year earnings has increased by 5.3% over the last 60 days [3] - The company has a price-to-earnings ratio (P/E) of 16.56, compared to 65.50 for the industry [3] - HUYA possesses a Value Score of B [3]

A downtrend has been apparent in HUYA Inc. Sponsored ADR (HUYA) lately with too much selling pressure. The stock has declined 21.8% over the past four weeks. However, given the fact that it is now in oversold territory and Wall Street analysts are majorly in agreement about the company's ability to report better earnings than they predicted earlier, the stock could be due for a turnaround. Guide to Identifying Oversold Stocks We use Relative Strength Index (RSI), one of the most commonly used technical indi ...

HUYA Inc. (NYSE:HUYA) Q3 2024 Earnings Conference Call November 12, 2024 7:00 AM ET Company Participants Hanyu Liu - IR Junhong Huang - Acting Co-CEO & SVP Raymond Lei - Co-CEO and CFO Conference Call Participants Nelson Cheung - Citi Thomas Chong - Jefferies Lei Zhang - Bank of America Merrill Lynch Cheng Hao Lin - CICC Hanyu Liu [Call Starts Abruptly] …that today's webinar is being recorded. The company's financial and operational results were issued earlier today and are posted online. You can also view ...

Financial Data and Key Metrics - Total net revenues for Q3 2024 were RMB1.54 billion, with live streaming revenues at RMB1.13 billion and game-related services, advertising, and other revenues at RMB410 million [27][31] - Non-GAAP net income for Q3 2024 was RMB78 million, a significant improvement from the same period last year [7][37] - Mobile MAUs improved slightly to 84 million in Q3 2024 [8] - Paying users increased by 9.5% year-over-year to 4.6 million in Q3 2024 [29] - Gross profit margin was 13.2% in Q3 2024, down from 14.6% in the same period last year [33] - Total operating expenses decreased by 20.9% year-over-year in Q3 2024 [35] Business Line Performance - Game-related services, advertising, and other revenues reached RMB410.2 million in Q3 2024, up 209.3% year-over-year and 32.9% quarter-over-quarter, contributing 26.7% of total net revenues [6][11][28] - Game distribution revenue grew significantly, with total gross receipts through Huya's distribution channel increasing to over 20 times that of the year-ago period [11][44] - In-game item sales saw strong growth, with co-branded outfit skins sales exceeding RMB50 million during an initial release event [14][46] - Game advertising responded to increased summer demand, collaborating with popular games like Arena Breakout and World of Warcraft [15][46] Market Performance - Huya's content reached over 140 million users in September 2024, including users from other platforms [9][49] - The company maintained a leading market share in viewership for major eSports events like LOL Worlds 2024, with a year-over-year increase in market share [19] - Valorant tournaments saw a 160% increase in viewership compared to the previous edition, boosting the game's popularity on the platform [16] Strategic Direction and Industry Competition - The company is focusing on enhancing game-related services, including game distribution, in-game item sales, and advertising, to diversify revenue streams [6][11][24] - Huya is strengthening collaborations with game developers and content platforms to expand its reach and explore new commercialization opportunities [10][24][48] - The company is investing in in-house content initiatives, such as self-produced eSports tournaments and entertainment shows, to create influential and commercially valuable event IPs [20][24][60] - Huya is leveraging its expertise in live streaming to introduce innovative features, such as integrating Honor of Kings bullet chatting gameplay mode, to enhance user engagement [22][23] Management Commentary on Operating Environment and Future Outlook - Despite macroeconomic challenges, the company achieved stable year-over-year operating performance and is optimistic about the growth potential of game-related services [7][24] - Management expects live streaming revenue to face short-term pressure but believes the external economic environment will improve, providing flexibility for future growth [52] - The company plans to continue optimizing content costs and operational efficiency to improve profitability, with expectations of noticeable margin improvement in Q4 2024 [56][61] Other Important Information - As of September 30, 2024, Huya had cash and cash equivalents, short-term deposits, short-term investments, and long-term deposits totaling RMB8.1 billion [38] - The company repurchased $61.1 million worth of shares and paid special cash dividends totaling approximately $400 million to shareholders in 2024 [39][66][67] Q&A Session Summary Question: Updates on game-related services and future development plans [41] - Game-related services revenue reached RMB410 million in Q3 2024, up 209.3% year-over-year, driven by game distribution, in-game item sales, and advertising [42][44][46] - Huya plans to expand distribution services for more games, deepen collaborations with game developers, and enhance broadcaster initiatives to drive user engagement [44][46] - The company sees significant growth potential in the domestic gaming market, which exceeded RMB300 billion in sales revenue in 2023 [50] Question: Drivers of Q3 margin changes and future margin trends [55] - Gross profit margin declined to 13.2% in Q3 2024 due to a decrease in live streaming revenue outpacing cost reductions [56] - The company expects margin improvement in Q4 2024, driven by cost optimization and seasonal factors, with non-GAAP results showing noticeable year-over-year growth [61] Question: Shareholder return strategy and capital allocation [63] - Huya has approximately $900 million in cash and cash deposits, with no debt, and plans to continue allocating funds for business development and shareholder returns [64][65] - The company has returned approximately $400 million to shareholders through special cash dividends in 2024 and will consider future dividend plans based on Board approval [66][67] - Share repurchases totaled $61.1 million as of September 2024, with future strategies to be based on market conditions and stock liquidity [67]

Exhibit 99.1 HUYA Inc. Reports Third Quarter 2024 Unaudited Financial Results GUANGZHOU, China, November 12, 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 third quarter ended September 30, 2024. Third Quarter 2024 Highlights · Total net revenues were RMB1,537.7 million (US$219.1 million) for the third quarter of 2024, compared with RMB1,664.3 million for the same period of 2023. ...

GUANGZHOU, China, Nov. 12, 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 third quarter ended September 30, 2024.Third Quarter 2024 Highlights[1] Total net revenues were RMB1,537.7 million (US$219.1 million) for the third quarter of 2024, compared with RMB1,664.3 million for the same period of 2023. Game-related services, advertising and other revenues (formerly known as advertisi ...

-Earnings Webinar Scheduled for 7:00 a.m. ET on November 12, 2024- GUANGZHOU, China, Oct. 22, 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 third quarter 2024 unaudited financial results on Tuesday, November 12, 2024, before the open of U.S. markets. The Company's management will host a Tencent Meeting Webinar at 7:00 a.m. U.S. Eastern Time on November 12, 2024 (8:00 p.m. Beijing/Hong Kong time ...

Investment Rating - The report maintains a "Buy" rating for the company with a target price adjusted to $4.5 [2][8]. Core Insights - The company's revenue is expected to slightly decline by 1% quarter-on-quarter to RMB 1.53 billion in Q3, primarily due to weak performance in the live streaming business, which is projected to decrease by 8% to RMB 1.13 billion [2]. - Game-related services are anticipated to see significant year-on-year growth, reaching RMB 380 million, accounting for 25% of total revenue [2]. - The gross margin is expected to decrease by 0.3 percentage points to 13.6% due to declining live streaming revenue and increased event costs [2]. - The revenue forecast for 2024 has been adjusted to RMB 6.11 billion, with a projected net profit of RMB 272 million and a net profit margin of 4.5% [2][5]. - The company has approximately $800-900 million in cash on its balance sheet, which is comparable to its current market capitalization [2]. Financial Summary - Revenue for 2024E is projected at RMB 6,109 million, reflecting a decrease of 2.14% from previous estimates [5]. - Gross profit is expected to be RMB 831 million, down 3.26% from prior forecasts [5]. - The adjusted net profit for 2024E is estimated at RMB 272 million, a decrease of 1.39% from earlier predictions [5]. - The adjusted net profit margin is forecasted to be 4.5%, consistent with previous estimates [5].