Yalla Group Ltd. Sponsored ADR Class A (YALA.US) Q3 revenue exceeded expectations, with net profit increasing by 11% year over year.

Yalla Group Ltd. Sponsored ADR Class A (YALA.US) announced its third-quarter financial results after the US stock market on Monday. The data shows that the company's Q3 revenue was $88.9 million, a year-on-year increase of 4.4%, exceeding market expectations; net profit was $39.2 million, a year-on-year increase of 11.2%; Non-GAAP diluted earnings per share were $0.24, compared to $0.21 in the same period last year. By business segment, chat service revenue was $58.5 million, and gaming service revenue was $30.2 million. The average monthly active users (MAU) was 40.2 million, a year-on-year increase of 14.5%. The number of paying users was 12.6 million, a year-on-year increase of 12.0%. Looking ahead, Yalla Group Ltd. Sponsored ADR Class A expects fourth-quarter revenue for 2024 to be between $77 million and $84 million. As of the time of writing, Yalla Group Ltd. Sponsored ADR Class A rose nearly 6% after hours.