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Stock impact report

Huya +3.1% on Q3 beat, heavy revenue growth [Seeking Alpha]

DouYu International Holdings Limited - American Depositary Shares (DOYU) 
Last douyu international holdings limited - american depositary shares earnings: 3/19 02:00 am Check Earnings Report
Company Research Source: Seeking Alpha
Seeking Alpha | On the Move News Huya +3.1% on Q3 beat, heavy revenue growth Nov. 12, 2019 6:43 PM ET HUYA Inc. (HUYA) Jason Aycock Game streaming platform Huya (NYSE: up 3.1% Q3 earnings report Net revenues rose by 77.4% to 2.265B yuan (about $316.9M) as gains in advertising added to the company's core streaming revenues. And gross profit more than doubled, to 406.3M yuan (about $56.8M). Gross margin rose to 17.9% from 15.2%. The company swung to an operating gain of 63.9M yuan from a year-ago loss of 2.7M yuan; non-GAAP operating income rose to 147M yuan from 61.5M yuan. Net income rose 70.5% to 206.4M yuan (about $28.9M). Revenue breakout: Live streaming, 2.16B yuan (up 77.2%); Advertising and other, 109M yuan (up 81.3%). In operations, average mobile monthly active users rose 29.1% to 63.8M. Average MAUs overall rose 47.6% to 146.1M, and total paying users grew 28.5% to 5.3M. For Q4, it's guiding to net revenue of 2.34B-2.42B yuan or year-over-year growth of 55.5%-60.8%. Confe Show less Read more
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