Core Insights - Huya Technology (01860) saw a significant stock increase of over 14%, reaching HKD 16.1 with a trading volume of HKD 1.79 billion [1] Financial Performance - For the interim period ending in 2025, the company reported a revenue of USD 938 million, representing a substantial year-on-year growth of 47% [1] - Adjusted EBITDA was recorded at USD 88.68 million, showing a year-on-year increase of 41% [1] - The core programmatic advertising platform, Mintegral, generated revenue of USD 897 million, marking a year-on-year growth of 48.6% [1] Business Development - Mintegral's gaming category performed exceptionally well, achieving revenue of USD 662 million, which is a significant year-on-year increase of 51.7% and contributed 74% to Mintegral's total revenue [1] - The intelligent bidding product system has contributed over 80% of Mintegral's total revenue, becoming the main driver for the company's revenue and profit growth [1] - The company is actively expanding into other verticals, such as e-commerce and tools, with non-gaming verticals generating revenue of USD 236 million, accounting for 26% of Mintegral's revenue [1]