Yalla Group Ltd. Sponsored ADR Class A (YALA.US) Q4 revenue exceeds expectations, net profit increased by 10% year-on-year.

The largest online social networking and gaming company in the Middle East and North Africa (MENA), Yalla Group Ltd. Sponsored ADR Class A (YALA.US), released its fourth quarter financial report after the market closed on March 10th Eastern Time. The data shows that Q4 revenue was $90.8 million, an increase of 12.2% year-on-year, exceeding the market's general expectation of $86.6 million. Diluted earnings per share were $0.20, compared to $0.19 in the same period last year. Breaking down the revenue by business segment, chat services generated $59.8 million in revenue, while gaming services generated $30.8 million. Net profit for the fourth quarter of 2024 was $32.53 million, a 9.7% year-on-year increase, with a net profit margin of 35.8%. Non-GAAP net profit was $35.7 million, a 6.8% year-on-year increase, with a Non-GAAP net profit margin of 39.3%. The average monthly active users (MAU) were 41.4 million, an increase of 14.4% year-on-year. The number of paying users was 12.3 million, a 3.2% increase. Looking ahead, the company expects revenue for the first quarter of 2025 to be between $75 million and $82 million, lower than the general expectation of $83.3 million. As of the time of writing, Yalla Group Ltd. Sponsored ADR Class A has risen by 0.25% after hours.