Q4 2025 HUYA Inc Earnings Call Transcript
Key Points
- Total net revenues grew by 16% in Q4 2025, reaching RMB1.74 billion, marking the highest in the last 10 quarters.
- Revenues from game-related services, advertising, and other businesses increased by 59% year-over-year.
- The successful launch of Goose Goose Duck Mobile attracted over 10 million users within six days and topped the iOS free game chart.
- In-game item sales revenue grew by more than 200% year-over-year, driven by new titles such as Peacekeeper Elite and Crossfire Mobile.
- AI-powered live streaming channels now contribute nearly 10% of overall DAU, outperforming real-life peers by 40% in key metrics.
- A one-time RMB66 million provision led to a non-GAAP operating loss of RMB36 million for Q4 2025.
- Net loss attributable to HUYA Inc was RMB118 million for Q4, compared to a loss of RMB172 million in the same period last year.
- Interest income decreased to RMB32 million for Q4, down from RMB75 million in the same period last year.
- Operating loss for Q4 was RMB65 million, although it narrowed compared to the same period last year.
- Non-GAAP net income for the full year 2025 decreased to RMB99 million, down from RMB269 million in the prior year.
Good day, and good evening, and thank you for standing by. Welcome to Huya's fourth quarter and fiscal year 2025 earnings webinar. I'm Hanyu Liu from the Huya Investor Relations.
(Event Instructions) Please be advised that today's webinar is being recorded. The company's financial and operational results were issued earlier today and are posted online. You can also view the earnings press release by visiting the IR website at ir.huya.com. A replay of the call will be available on the IR website soon.
Participants of management on today's call will be Mr. Vincent Junhong Huang, our Acting Co-CEO and Senior Vice President; Mr. Raymond Peng Lei, our Acting Co-CEO and CFO; and Ms. Marguerite Xie, Head of Capital Markets. Management will begin with prepared remarks, and the call will conclude with a Q&A session.
Before we continue, please note that today's discussion will contain forward-looking statements made under the safe harbor provisions of the US Private Securities Litigation Reform Act of 1995. Forward-looking statements
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