HUYA Beats On Q1 Earnings, Margins Remain Stable

  • HUYA Inc HUYA reported first-quarter FY21 revenue growth of 8% year-on-year to $397.6 million (RMB2.6 billion), beating the analyst consensus of $395.85 million.
  • Average mobile MAUs of Huya Live rose 1.1% Y/Y to 75.5 million, but the total number of paying users of Huya Live declined 3.3% Y/Y to 5.9 million.
  • Live streaming revenues rose 5.2% Y/Y to $365.1 million due to higher average spending per paying user on Huya Live.
  • Advertising and other revenues rose 54.6% Y/Y to $32.4 million, driven by the content licensing revenues.
  • Cost of revenues rose 7.9% Y/Y to $319.1 million (RMB2.1 billion) due to higher revenue-sharing fees and content costs, but the gross margin remained stable at 19.7%.
  • Non-GAAP operating income rose 6.7% Y/Y to $37 million, with the margin remaining stable at 9.3%.
  • Non-GAAP net income rose 0.9% Y/Y to $40.6 million (RMB265.9 million), translating to adjusted EPS of $0.17, beating the analyst consensus of $0.13.
  • HUYA held $1.6 billion (RMB10.7 billion) in cash and equivalents and generated $25.4 million (RMB166.3 million) in operating cash flow.
  • Price action: HUYA shares traded higher by 0.78% at $15.59 in the premarket session on the last check Tuesday.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Date
ticker
name
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise
Posted In: EarningsNewsTechMediaBriefs
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!