HUYA, Inc. Sponsored ADR Class A (HUYA.US) Q3 revenue and profit both declined, with mobile monthly active users dropping to 84 million.

HUYA, Inc. Sponsored ADR Class A (HUYA.US) released its financial report for the third quarter of 2024 before the US stock market opened on November 12. The report shows that the revenue for the third quarter of HUYA, Inc. Sponsored ADR Class A reached 1.54 billion yuan, a decrease of 0.76% compared to the previous year. Among them, revenue from gaming related services, advertising, and other businesses increased by 209.3% year-on-year to 410 million yuan. In the third quarter, live streaming revenue was 1.1275 billion yuan, compared to 1.5317 billion yuan in the same period last year, mainly due to the continued impact of the macroeconomic and industry environment, as well as proactive business adjustments taken by the company to support strategic transformation and prudent operation. Under non-US GAAP, the net profit attributable to HUYA, Inc. Sponsored ADR Class A for the quarter was 78 million yuan, compared to 106.7 million yuan in the same period last year; diluted earnings per ADS was 0.34 yuan, compared to 0.44 yuan in the same period last year. In terms of user data, in the third quarter of 2024, the mobile MAU (monthly active users) of HUYA, Inc. Sponsored ADR Class A reached 84 million, compared to 86 million in the same period in 2023, with a year-on-year increase of 9.5% to 4.6 million paying users. As of September 30, 2024, the company had cash and cash equivalents, short-term deposits, short-term investments, and long-term deposits totaling 8.0784 billion yuan. HUYA, Inc. Sponsored ADR Class A's Co-CEO and CFO, Peng Lei, said, "In the third quarter, HUYA, Inc. Sponsored ADR Class A's total revenue was 15.4 billion yuan. Live streaming revenue continues to be affected by macroeconomic and industry environment; at the same time, to support strategic transformation, the company has actively adjusted its business structure. Gaming related services, advertising, and other revenues maintained a positive growth trend, making a more meaningful contribution to overall revenue. By improving efficiency, total operating expenses decreased by 20.9% year-on-year, and operating performance remained stable year-on-year. In terms of shareholder returns, as of the end of September 2024, we have repurchased 611 million US dollars worth of HUYA, Inc. Sponsored ADR Class A shares through our buyback plan. This year, HUYA, Inc. Sponsored ADR Class A has also returned approximately 400 million US dollars to shareholders through two special cash dividends. HUYA, Inc. Sponsored ADR Class A will continue to strengthen its financial and operational performance, creating greater value for shareholders."