Streetbeat News

YALA

Yalla Group Limited

Industry

Software - Application

Yalla Group Limited operates a voice-centric social networking and entertainment platform under the Yalla name primarily in the Middle East and North Africa region. Its platform offers group chatting and games services; and sells virtual items, as well as provides upgrade services. The company was formerly known as FYXTech Corporation. Yalla Group Limited was founded in 2016 and is headquartered in Dubai, the United Arab Emirates.

Open

N/A

Mkt cap

N/A

Volume

N/A

High

N/A

P/E Ratio

N/A

52-wk high

N/A

Low

N/A

Div yield

N/A

52-wk low

N/A

Yalla Group Ltd. (NYSE:YALA) is expanding its gaming presence by hosting major events and developing mid- and hardcore games to drive future growth. Despite slower revenue growth, Yalla maintains strong profit margins through cost control. The company aims to leverage its Middle Eastern base and partnerships to capture the serious gaming market.

Portfolio Pulse from The Bamboo Works

August 20, 2024 | 2:10 pm

Yalla Group Limited (YALA) has announced its expected Q3 revenues to be between $75 million and $82 million.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 9:13 pm

Yalla Group (NYSE:YALA) reported Q2 2024 earnings per share (EPS) of $0.19, unchanged from the same period last year. The company also reported quarterly sales of $81.20 million, surpassing the analyst consensus estimate of $78.97 million by 2.82%.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 9:06 pm

Yalla Group Ltd. (NYSE:YALA) reported strong profit growth of 56% in its latest quarterly results, but revenue growth was slower at 7.1%. The company is focusing on expanding into midcore and hardcore gaming by seeking partnerships with established game publishers. Yalla recently joined the UK Interactive Entertainment Association to explore these opportunities. Despite a brief dip, Yalla's stock has shown an 11% increase over the last year.

Portfolio Pulse from The Bamboo Works

May 28, 2024 | 5:53 pm

Yalla Group (NYSE:YALA) reported Q1 2024 adjusted earnings per share (EPS) of $0.20 and sales of $78.729 million, beating the analyst consensus estimate of $78.055 million. This represents a 7.09% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 9:11 pm

Yalla Group Ltd. (NYSE:YALA) is advancing its gaming division by focusing on mid- and hardcore games, partnering with established game publishers after learning from its initial foray. The company's Q4 revenue increased by 7.7% year-over-year to $80.9 million, with gaming growing 35% to $28.5 million. Yalla aims to leverage its strong position in the MENA region, enhancing its social media apps and exploring new markets. Despite a slight decline in its stock post-earnings, Yalla's shares have risen 42% over the last year, trading at a P/E ratio of 9.3, compared to Meta's 34.

Portfolio Pulse from The Bamboo Works

March 21, 2024 | 5:42 pm

Yalla Group anticipates its Q1 revenues to range between $72M and $79M, falling short of the estimated $79.50M.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 9:16 pm

Yalla Group reported a Q4 adjusted EPS of $0.19, up 58.33% from $0.12 YoY, with sales of $80.92M beating the $79.96M estimate, a 7.74% increase from $75.11M YoY.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 9:03 pm

Earnings reports for March 11, 2024, include a mix of projected losses and gains across various sectors. Notable companies like Oracle, Vail Resorts, and Ballard Power Systems are among those reporting. The diversity in performance indicators suggests a varied impact on the market.

Portfolio Pulse from Benzinga Insights

March 11, 2024 | 8:56 am

Benzinga Insights highlights 5 value stocks in the technology sector with low P/E ratios, suggesting potential undervaluation. The stocks include Daktronics, Movella Holdings, Sigmatron Intl, Yalla Group, and FiscalNote Holdings, each with varying Q2 earnings and dividend yields.

Portfolio Pulse from Benzinga Insights

February 06, 2024 | 2:42 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.