HUYA Reports Strong Q3 Earnings, Overcoming Challenges with Stable Mobile User Base and Diverse E-Sports Content
Portfolio Pulse from Anusuya Lahiri
HUYA Inc (NYSE:HUYA) exceeded Q3 2023 revenue and EPS expectations with $225.8 million and $0.06 respectively, against a consensus of $210.33 million and a loss of $(0.03). Despite a year-over-year decline in live streaming revenues and advertising, the company maintained a stable average mobile MAUs at 86 million. Paying users decreased from 5.5 million to 4.2 million. The company reported a slight decrease in gross margin and holds $1.5 billion in cash and equivalents. Shares rose by 0.73% to $3.45.
November 14, 2023 | 5:07 pm
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HUYA Inc reported higher than expected Q3 earnings with stable mobile user base, despite a decline in live streaming revenue and paying users. The company's stock price saw a slight increase following the earnings report.
The positive earnings report, beating both revenue and EPS consensus, indicates a strong financial performance despite the decline in certain revenue streams. The stability in mobile MAUs and the significant cash reserves are likely to be viewed positively by investors, leading to a short-term positive impact on the stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100