HUYA(US:HUYA)2025-08-12 11:41Revenue Performance - Total net revenues for Q2 2025 were RMB1,567.1 million (US$218.8 million), a 1.7% increase from RMB1,541.6 million in Q2 2024[5] - Total net revenues for the second quarter of 2025 were RMB 1,567,089, representing a 1.5% increase from RMB 1,541,582 in the same period of 2024[35] Live Streaming and Game-Related Services - Live streaming revenues decreased to RMB1,153.2 million (US$161.0 million) in Q2 2025, down from RMB1,233.1 million in Q2 2024, reflecting ongoing macroeconomic challenges[5] - Live streaming revenues for the second quarter of 2025 were RMB 1,153,232, a decrease of 6.5% compared to RMB 1,233,064 in the second quarter of 2024[35] - Game-related services, advertising, and other revenues rose to RMB413.9 million (US$57.8 million) in Q2 2025, a 34.2% increase from RMB308.5 million in Q2 2024[6] - Game-related services, advertising, and other revenues increased by 34.2% year-over-year to RMB 413,857 in the second quarter of 2025[35] Profitability and Loss - Gross profit for Q2 2025 was RMB212.3 million (US$29.6 million), with a gross margin of 13.5%, slightly down from 13.9% in Q2 2024[8] - Gross profit for the second quarter of 2025 was RMB 212,318, with a gross margin of approximately 13.5%[35] - Operating loss narrowed to RMB23.7 million (US$3.3 million) in Q2 2025, compared to a loss of RMB26.0 million in Q2 2024[11] - Operating loss for the second quarter of 2025 was RMB 23,703, compared to an operating loss of RMB 26,037 in the second quarter of 2024[35] - Non-GAAP net income attributable to HUYA Inc. was RMB47.5 million (US$6.6 million) in Q2 2025, down from RMB97.0 million in Q2 2024[13] - Net income attributable to HUYA Inc. for the second quarter of 2025 was a loss of RMB 5,491, compared to a net income of RMB 29,602 in the second quarter of 2024[36] Cash and Assets - Cash and cash equivalents totaled RMB3,766.4 million (US$525.8 million) as of June 30, 2025, down from RMB6,254.6 million at the end of Q1 2025[14] - Cash and cash equivalents as of June 30, 2025, were RMB 499,305, down from RMB 1,188,911 as of December 31, 2024[30] - Total assets decreased to RMB 6,647,541 as of June 30, 2025, from RMB 9,567,811 as of December 31, 2024[32] Liabilities and Shareholder Returns - Total current liabilities increased to RMB 1,937,894 as of June 30, 2025, compared to RMB 1,537,765 as of December 31, 2024[30] - The company repurchased approximately US$75.4 million worth of ADSs as part of its share repurchase program[15] - The company distributed a special dividend of approximately US$340 million during the quarter, reflecting its commitment to returning value to shareholders[4] Non-GAAP Metrics - Non-GAAP gross profit for the six months ended June 30, 2025, was RMB 407,891, reflecting a decrease of 8.1% from RMB 444,194 for the same period in 2024[44] - Non-GAAP operating income for the three months ended June 30, 2025, was RMB 351, a significant recovery from a loss of RMB 2,712 for the same period in 2024[44] - The company’s diluted non-GAAP net income per ADS for the three months ended June 30, 2025, was $0.21, compared to $0.41 for the same period in 2024[44] Other Financial Metrics - Share-based compensation expenses for the three months ended June 30, 2025, were RMB 18,049, slightly up from RMB 17,384 for the same period in 2024[44] - The company reported an impairment loss of investments of RMB 30,000 for the three months ended June 30, 2025[44] - The total share-based compensation allocated in cost of revenues for the six months ended June 30, 2025, was RMB 7,090, down from RMB 8,777 for the same period in 2024[41]