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Stock impact report

Yalla Seeks Major Game Publishers For 'Act Two' Of Its Hardcore Gaming Foray [Seeking Alpha]

Yalla Group Limited American Depositary Shares, each representing one Class A Ordinary Share (YALA) 
Company Research Source: Seeking Alpha
The company said its first two hardcore games were valuable test cases and is shifting its focus to working with more established game publishers. Yalla is hoping not only to introduce its own new products into its core base in the Middle East and North Africa (MENA), but also position itself as a partner for other global companies looking to enter the market. The Middle Eastern social media and gaming company's revenue rose 7.7% in the fourth quarter, as its profit soared nearly 80% on better monetization and cost controls. Leading Middle Eastern social media company Yalla Group Ltd. NYSE: YALA ) is getting ready for “Act Two” of its move into mid- and hardcore games, after drawing the curtain on a first act that brought it valuable experience, if not huge new revenues. The company detailed its experience with its foray into serious gaming last year in its latest quarterly results released last Monday, as it aims to copy its success in more casual gaming in the more lucrativ Show less Read more
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