HUYA(US:HUYA) Prnewswire·2025-11-12 08:30Core Insights - Huya Inc. has reported a return to growth with total net revenues increasing by approximately 10% year-over-year for Q3 2025, driven by stabilization in live streaming revenues and growth in game-related services, advertising, and other initiatives [3][6]. Financial Performance - Total net revenues for Q3 2025 reached RMB 1,688.3 million (US$ 237.1 million), up 9.8% from RMB 1,537.7 million in Q3 2024 [6][10]. - Live streaming revenues increased by 2.6% to RMB 1,156.7 million (US$ 162.5 million) compared to RMB 1,127.5 million in Q3 2024, attributed to higher average spending per paying user [6][10]. - Game-related services, advertising, and other revenues surged by 29.6% to RMB 531.6 million (US$ 74.7 million) from RMB 410.2 million in the same period last year, marking a significant milestone as this segment accounted for over 30% of total net revenues for the first time [4][7][10]. Cost and Profitability - Cost of revenues rose by 9.6% to RMB 1,461.6 million (US$ 205.3 million) due to increased revenue sharing fees and content costs, partially offset by lower bandwidth and server custody fees [8][10]. - Gross profit increased by 11.3% to RMB 226.6 million (US$ 31.8 million), with a gross margin of 13.4%, slightly up from 13.2% in Q3 2024 [9][10]. - Operating loss narrowed to RMB 14.3 million (US$ 2.0 million) from RMB 32.3 million in Q3 2024, indicating improved operational efficiency [12][10]. Income Metrics - Net income attributable to Huya Inc. was RMB 9.6 million (US$ 1.3 million) for Q3 2025, down from RMB 23.6 million in the same period last year [10][14]. - Non-GAAP net income attributable to Huya Inc. was RMB 36.3 million (US$ 5.1 million), compared to RMB 78.0 million in Q3 2024 [10][14]. - Average monthly active users (MAUs) for Q3 2025 stood at 162.3 million, reflecting the company's user engagement [10][22]. Strategic Outlook - The company aims to continue exploring growth opportunities while maintaining prudent cost management and preserving earnings quality [5]. - Huya's strategic transformation over the past two years has led to significant contributions from game-related services and advertising, indicating a successful shift in business focus [4][5].