Q3 2024 HUYA Inc Earnings Call Transcript

Nov 12, 2024 / 12:00 PM GMT

Release Date Price: $3.05 (-5.21%)

Transcript

Key Points

Positve

HUYA Inc (HUYA) achieved a record high in game-related services, advertising, and other revenues, contributing 26.7% to total net revenues.
The company maintained a stable year-over-year operating performance despite macroeconomic challenges, achieving a non-GAAP net income of RMB78 million.
User engagement remained stable with mobile MAUs improving slightly to 84 million, supported by enriched content and service offerings.
Game-related services, advertising, and other revenues grew by 209.3% year-over-year and 32.9% quarter-over-quarter.
HUYA Inc (HUYA) successfully reduced operating expenses by 20.9% year-over-year, reflecting improved operational efficiency.

Negative

Total net revenues decreased to RMB1.54 billion compared to RMB1.66 billion in the same period last year, impacted by a soft macro and industry environment.
Live streaming revenues declined, continuing to weigh on overall financial performance.
Gross margin decreased to 13.2% from 14.6% in the same period last year, due to increased revenue sharing fees and content costs.
Interest income decreased to RMB97 million from RMB128 million in the same period last year, primarily due to special cash dividends paid.
Operating loss remained stable at RMB32 million, indicating ongoing challenges in achieving profitability.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

HUYA.N - HUYA Inc
Q3 2024 HUYA Inc Earnings Call
Nov 12, 2024 / 12:00PM GMT

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Presentation
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Unidentified_1 [1]
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And thank you for standing by. Welcome to Huya third quarter, 2024 earnings webinar. I'm Han Yu Liu from the Huya Investor Relations. At this time, all participants are in listen-only mode. 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 dot Huya dotcom. A replay of the call will be available on the IR website. Soon participants of management on today's call will be Mr Jun Hong Huang, our acting co CEO and senior Vice President and Mr Raymond Heg Lei, our acting co CEO and CFO management will begin with prepared remarks and the call will conclude with a Q&A session

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