GUANGZHOU, China, Sept. 4, 2024 /PRNewswire/ -- HUYA Inc. ("Huya" or the "Company") (NYSE: HUYA), a leading game live streaming platform in China, today announced that Mr. Raymond Peng Lei has been appointed by the Company's board of directors (the "Board") to serve as Acting Co-Chief Executive Officer ("Acting Co-CEO") and Chief Financial Officer of the Company, effective September 5, 2024. Mr. Lei will succeed Ms. Ashley Xin Wu as Acting Co-CEO and will jointly assume the duties of Chief Executive Officer ...

Business Overview - HUYA Inc is a leading game live-streaming platform in mainland China, operating in a duopoly market with DouYu (DOYU) [2] - The company has an overseas operation through Nimo TV, though it is much smaller compared to its domestic business [2] - HUYA's mobile MAUs reached 83.5 million in Q2 2024, up from 82.6 million in Q1 2024 and 82.9 million in Q2 2023, outperforming DOYU's declining MAUs [2] Strategic Transformation - HUYA is undergoing a strategic transformation to expand game-related services and advertising revenue while reducing reliance on live-streaming [1] - The transformation is driven by regulatory pressure and Tencent's decision to allow ByteDance's Douyin to livestream Tencent games, posing a significant threat to HUYA and DOYU [3] - HUYA is diversifying into game distribution, in-game item sales, and game advertising as part of its transformation [3] Transformation Progress - HUYA's game-related services and advertising revenue grew 152.7% in Q2 2024, accounting for nearly 20% of total revenue [4] - The growth is driven by coverage of evergreen games, promotion of DnF Mobile, in-game item sales for popular titles, and innovative game advertising through interactive variety shows [4] - Management expects double-digit growth in game-related services and advertising revenue in Q3 2024 compared to Q2 [4] Financial Highlights - HUYA declared a special dividend of $1.08 per share, representing a 23% dividend yield based on the current stock price [5] - The company is renewing its $43.3 million share repurchase program as part of a $100 million program announced in August 2023 [5] - As of June 30, 2024, HUYA had cash and equivalents of RMB 8.2 billion ($1.14 billion), sufficient to cover the $300 million total cash outlay for dividends and share repurchases [5] Market Performance - HUYA's stock price rose 14% after the Q2 2024 earnings release but fell 6.5% the following day, reflecting mixed market reactions to the special dividend [6] - The company's market capitalization of less than $1.1 billion is below its cash level of $1.14 billion, providing downside protection [6] Conclusion - HUYA's business transformation is showing early success, with significant growth in game-related services and advertising revenue [7] - The company's aggressive capital allocation, including special dividends and share repurchases, supports a conservative price target of $5.84 per share, 22% above the current market price [7]

浦银国际研究 财务模型更新 | 互联网行业 虎牙（HUYA.US）：收入环比转正， 派发特别股息 收入环比转正，宣派特别股息。公司 2Q24 收入为人民币 15.4 亿元， 同比下降 16%，环比增长 2.5%，略高于市场预期 0.6%。其中，直播收 入为 12.3 亿元，同比下降 28%，主要是行业疲软以及公司战略调整所 致；平台移动MAU增长至8,350万，主要得益于电竞赛事活动的成功； 季度付费用户为 450 万。由于自制内容增多导致内容成本提升，公司 毛利率同比下降 1.1pp 至 13.9%。但与此同时，自制内容有效提升了用 户活跃度从而节约了营销费用。二季度销售费用同比大幅下降 48%， 经营亏损收窄至 0.26 亿元，调整后净利润为 0.97 亿元，高于市场预期 20.9%；调整后净利率为 6.3%。此外，公司宣布派发 USD1.08/ADS 特 别股息，合计约 2.5 亿美元，对应当前股息率为 21%。截至二季度末， 回购计划额度剩余约 0.43 亿美元。 游戏相关服务增长保持强劲。2Q24 游戏相关服务、广告及其他收入为 3.1 亿元，同比增长 153%，环比增长 26.6%，收入贡献占比达 ...

HUYA Inc. (NYSE:HUYA) Q2 2024 Earnings Conference Call August 13, 2024 8:00 AM ET Company Participants Hanyu Liu - Investor Relations Junhong Huang - Acting Co-CEO & Senior Vice President Ashley Xin Wu - Acting Co-CEO & Vice President, Finance Conference Call Participants Maggie Ye - CLSA Ritchie Sun - HSBC Yiwen Zhang - China Renaissance Hanyu Liu Good day and good evening, and thank you for standing bye. Welcome to Huya's Second Quarter 2024 Earnings Webinar. I am Hanyu Liu from Huya's Investor Relations. ...

Exhibit 99.1 HUYA Inc. Reports First Quarter 2024 Unaudited Financial Results GUANGZHOU, China, May 13, 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 first quarter ended March 31, 2024. First Quarter 2024 Highlights · Total net revenues for the first quarter of 2024 were RMB1,504.0 million (US$208.3 million), compared with RMB1,962.5 million for the same period of 2023. · Net inc ...

Financial Performance - Total net revenues for Q2 2024 were RMB1,541.6 million (US$212.1 million), a decrease of 16.1% from RMB1,837.8 million in Q2 2023[2] - Net income attributable to HUYA Inc. was RMB29.6 million (US$4.1 million) for Q2 2024, compared to RMB20.3 million in Q2 2023, representing a year-over-year increase of 46.0%[4] - Gross profit for Q2 2024 was RMB214.9 million (US$29.6 million), with a gross margin of 13.9%, down from 15.7% in Q2 2023[3] - Total net revenues for the three months ended June 30, 2024, were RMB 1,541,582, representing a 2.5% increase from RMB 1,504,047 in the previous quarter[20] - Live streaming revenues reached RMB 1,233,064 for the three months ended June 30, 2024, compared to RMB 1,260,444 in the previous quarter, indicating a decrease of 2.2%[20] - Game-related services, advertising, and other revenues increased to RMB 308,518 for the three months ended June 30, 2024, up 26.6% from RMB 243,603 in the previous quarter[20] - Operating loss for the three months ended June 30, 2024, was RMB 26,037, an improvement from a loss of RMB 38,516 in the previous quarter[20] - Net income attributable to HUYA Inc. for the three months ended June 30, 2024, was RMB 29,602, compared to RMB 71,033 in the previous quarter, reflecting a decrease of 58.3%[21] - Non-GAAP net income attributable to HUYA Inc. for the three months ended June 30, 2024, was RMB 96,996, down from RMB 92,490 in the previous quarter[25] - Basic net income per ADS for the three months ended June 30, 2024, was RMB 0.13, compared to RMB 0.30 in the previous quarter[21] Operational Highlights - Average mobile MAUs for Huya Live increased to 83.5 million in Q2 2024, up from 82.9 million in Q2 2023, driven by successful e-sports events[2] - Revenues from game-related services, advertising, and other businesses rose by 152.7% year-over-year to RMB308.5 million (US$42.5 million), accounting for 20.0% of total net revenues[2] Expenses and Cost Management - Total operating expenses decreased by 26.3% year-over-year, contributing to improved overall operating results[4] - Research and development expenses decreased by 11.5% year-over-year to RMB128.7 million (US$17.7 million) in Q2 2024[4] - Research and development expenses for the three months ended June 30, 2024, were RMB 128,710, an increase from RMB 135,106 in the previous quarter[20] Shareholder Returns and Capital Management - The company repurchased 17.1 million shares for a total of US$56.7 million as of June 30, 2024, under its share repurchase program[5] - A special cash dividend of approximately US$250 million has been declared, equating to US$1.08 per ordinary share or ADS, payable on or around October 25, 2024[5] Cash and Asset Management - Cash and cash equivalents as of June 30, 2024, were RMB8,193.3 million (US$1,127.4 million), down from RMB9,419.8 million as of March 31, 2024[5] - Total current assets decreased from RMB 8,150,611 in December 2023 to RMB 7,596,525 in June 2024, a decline of approximately 6.8%[15] - Total assets decreased from RMB 12,924,354 in December 2023 to RMB 11,344,498 in June 2024, representing a reduction of about 12.2%[19] - Total liabilities decreased from RMB 2,299,755 in December 2023 to RMB 1,879,518 in June 2024, a decrease of approximately 18.3%[16] - Shareholders' equity decreased from RMB 10,624,599 in December 2023 to RMB 9,464,980 in June 2024, a decline of about 10.9%[19] - Cash and cash equivalents increased from RMB 511,973 in December 2023 to RMB 1,005,513 in June 2024, an increase of approximately 96.5%[15] - Accounts receivable, net decreased from RMB 6,851,160 in December 2023 to RMB 5,567,750 in June 2024, a decline of about 18.7%[15] - Total non-current assets decreased from RMB 4,773,743 in December 2023 to RMB 3,747,973 in June 2024, a reduction of approximately 21.5%[16] - The company reported a decrease in accumulated deficit from RMB (2,052,336) in December 2023 to RMB (1,951,701) in June 2024, indicating an improvement in financial health[18] - The company’s total liabilities and shareholders' equity decreased from RMB 12,924,354 in December 2023 to RMB 11,344,498 in June 2024, a decline of about 12.2%[19] - The company’s additional paid-in capital decreased from RMB 12,000,100 in December 2023 to RMB 10,606,904 in June 2024, a decline of approximately 11.6%[18] Corporate Actions - The company has retrospectively adjusted its financial results due to a business combination under common control[26] - HUYA Inc. announced an extension of its share repurchase program and a special cash dividend[26]

GUANGZHOU, China, Aug. 13, 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 second quarter ended June 30, 2024.Second Quarter 2024 Highlights[1]Total net revenues for the second quarter of 2024 were RMB1,541.6 million (US$212.1 million), compared with RMB1,837.8 million for the same period of 2023.Net income attributable to HUYA Inc. was RMB29.6 million (US$4.1 million) for the seco ...

Huya Inc. (HUYA) is scheduled to report its second-quarter 2024 results on Aug 13.The Zacks Consensus Estimate for second-quarter revenues is pegged at $218.6 million, suggesting a decline of 12.96% year over year.The consensus mark for second-quarter earnings has remained unchanged at 7 cents over the past 30 days, suggesting year-over-year growth of 16.67%.HUYA’s earnings beat the Zacks Consensus Estimate in three of the trailing four quarters, the earnings surprise being a whopping 113.2%, on average.  L ...

Since the inception of video games, players have always competed. That competition has gone mainstream over the last few decades. Competitive video gaming, also known as esports, is now a billion-dollar industry. A key contributor to this growth was COVID-19. As people spent more time at home and traditional sports were put on hold, esports filled the gap, attracting new fans and more players. The World Economic Forum spoke of the “huge growth in playing time and sales” during the pandemic. Now, video games ...

-Earnings Webinar Scheduled for 8:00 a.m. ET on August 13, 2024-GUANGZHOU, China, July 23, 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 second quarter 2024 unaudited financial results on Tuesday, August 13, 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 August 13, 2024 (8:00 p.m. Beijing/Hong Kong time on Augu ...