Core Insights - Huya Technology (01860) saw its stock price increase by 6.50%, currently trading at HKD 15.23, with a trading volume of HKD 194 million [5]. Financial Performance - In Q3, Huya Technology achieved revenue of USD 532 million, representing a year-on-year growth of 27.6% [5]. - The company reported a gross profit of USD 111 million, up 26.4% year-on-year [5]. - Adjusted EBITDA reached USD 47.05 million, a significant increase of 37.3% compared to the same period in 2024 [5]. - The core segment, Mintegral, recorded revenue of USD 508 million, reflecting a year-on-year growth of 26.2% [5]. Analyst Outlook - Open Source Securities noted that the company's scale effects are gradually becoming apparent, leading to a significant improvement in profitability [5]. - The firm maintains a "Buy" rating, anticipating that AI will drive performance growth on a quarterly basis [5]. AI Integration in Advertising - The company is deepening the application of AI across various stages of advertising services [5]. - In March, the Playturbo platform supported AI features such as voiceover, translation, and rapid image generation [5]. - In August, two new AI video functions, "Digital Human Video" and "Image to Video," were launched [5]. - In April, the Hybrid ROAS bidding strategy optimization model was introduced to help developers target high-value audiences [5]. - In July, the IAPROAS optimization strategy was officially launched to empower IAP applications for overseas expansion and improve quality and efficiency [5]. - The ongoing integration of AI is expected to enhance service competitiveness and drive sustained revenue growth [5].
汇量科技午前涨超6% 开源证券维持“买入”评级