Financial Data and Key Metrics Changes - Total net revenues for Q2 reached approximately RMB 1,570 million, showing an increase both year over year and quarter over quarter [20][21] - Live streaming revenues stabilized with a slight sequential increase to RMB 1,150 million, while game-related services, advertising, and other revenues grew to RMB 414 million, accounting for 26.4% of total net revenues [20][22] - Non-GAAP net income was RMB 48 million, marking the sixth consecutive profitable quarter [21][26] Business Line Data and Key Metrics Changes - Game-related services, advertising, and other revenues increased by 34.1% year over year, reflecting strong demand and deepened cooperation with Tencent and other gaming companies [20][22][55] - Gross billing from game-related services increased by 90% year over year, indicating significant growth potential in this segment [9][12] Market Data and Key Metrics Changes - The number of domestic paying users remained flat at 4.4 million, excluding those who made in-game purchases through game distribution [20] - The company reached tens of millions of monthly active users internationally, indicating growth in overseas markets [16][44] Company Strategy and Development Direction - The company aims to deepen its engagement in the gaming industry, strengthen collaborations with industry partners, and expand its business boundaries [18] - A focus on AI initiatives is evident, with plans to enhance user experience through AI-powered features and services [17][50] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the growth trajectory of total net revenues, driven by strong growth in game-related services and advertising [55] - The company expects live streaming revenues to remain steady while game-related services will be the main driver for future growth [55] Other Important Information - The company repurchased 22.8 million shares for a total consideration of USD 75.4 million as part of its share repurchase program [27] - Special cash dividends of approximately USD 340 million were distributed during the second quarter [28] Q&A Session Summary Question: Updates on game-related services business - Management highlighted the expansion of collaborations with game companies, increasing the portfolio of jointly distributed games to over 300 titles, and a 90% year-over-year increase in game-related services [31][34] Question: Details on the Delta Force event - The inaugural Delta Force Diamond Champions showcased advanced streaming technology and offered viewers a chance to win in-game items, enhancing the overall experience [38][40] Question: Progress on overseas operations - The company is reaching tens of millions of monthly active users internationally and is well-positioned to capture opportunities in the growing overseas game-related services market [42][44] Question: Future plans on AI development - AI is becoming embedded in operations, with initiatives like the AI agent Hu Xiaoai enhancing user experience during esports streams and the Huya I Superbot providing virtual sparring and emotional companionship [48][50] Question: Overall trend of live streaming business and revenue expectations - Live streaming revenue is expected to remain stable, while game-related services are anticipated to drive overall revenue growth in the second half of the year [53][55]