Streetbeat News

HUYA

HUYA Inc.

https://www.huya.com

Industry

Entertainment

HUYA Inc., through its subsidiaries, operates game live streaming platforms in the People's Republic of China. Its platforms enable broadcasters and viewers to interact during live streaming. The company's live streaming content also covers other entertainment content, such as talent shows, anime, outdoor activities, live chats, online theatre, and other genres. In addition, it operates Nimo TV, a game live streaming platform in international markets. Further, the company provides online advertising, software development, internet value added, and cultural and creative services. The company was founded in 2014 and is headquartered in Guangzhou, China. HUYA Inc. is a subsidiary of Tencent Holdings Limited.

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Huya Inc. (NYSE:HUYA) is diversifying its revenue streams amid a challenging Chinese economy and regulatory environment. Despite a 16% revenue decline in Q2, income from new game-related services more than doubled, showing promise for future growth. The company announced a special cash dividend and extended its share buyback program, which initially boosted its stock price. Huya's financials remain stable, with significant interest income and cash reserves.

Portfolio Pulse from The Bamboo Works

August 22, 2024 | 4:44 pm

Citigroup analyst Nelson Cheung has upgraded HUYA (NYSE:HUYA) from Sell to Buy and raised the price target from $2.4 to $6.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 12:03 pm

HUYA shares are trading higher despite a Q2 earnings miss. The company's board declared a special dividend of $1.08/ADS.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 10:39 am

Rumble Inc. (NASDAQ:RUM) shares rose 7.1% in pre-market trading after reporting better-than-expected Q2 financial results. Other notable pre-market movers include Vicinity Motor Corp. (NASDAQ:VEV) up 136.7%, MKDWELL Tech Inc. (NASDAQ:MKDW) up 54.1%, and Syros Pharmaceuticals, Inc. (NASDAQ:SYRS) down 56.4%.

Portfolio Pulse from Avi Kapoor

August 13, 2024 | 10:35 am

HUYA's board has extended its $43.3 million share buyback program through March 2025. The company had previously repurchased 17.1 million ADSs for $56.7 million under the program.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 10:07 am

HUYA's board has declared a special cash dividend of $1.08 per ADS, totaling approximately $250 million, to be paid on October 25, 2024. The dividend will be funded by surplus cash on the company's balance sheet.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 10:05 am

HUYA Inc. reported its Q2 2024 financial results, with adjusted EPADS of RMB0.41, missing the estimate of RMB0.50. Sales were RMB1.542 billion, also missing the estimate of RMB1.558 billion.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 10:03 am

The article highlights the pre-market movements of 12 communication services stocks on Thursday. Notable gainers include DouYu Intl Hldgs (DOYU), TuanChe (TC), Paramount Global (PARA, PARAA), HUYA (HUYA), and Urban One (UONE). Significant losers include Leafly Holdings (LFLY), Hanryu Holdings (HRYU), Loop Media (LPTV), Global Mofy Metaverse (GMM), Motorsport Games (MSGM), and Blue Hat Interactive (BHAT).

Portfolio Pulse from Benzinga Insights

July 05, 2024 | 2:59 pm

Huya shares are trading higher after JP Morgan upgraded the stock from Neutral to Overweight and raised its price target from $3 to $9.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 2:07 pm

JP Morgan analyst Daniel Chen has upgraded HUYA (NYSE:HUYA) from Neutral to Overweight and raised the price target from $3 to $9.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 12:52 pm

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