Yala Technology (YALA.US) exceeded expectations in Q4 revenue, with a year-on-year increase of 13.3% in monthly active users.

YALA Technology (YALA.US) announced its financial performance for the fourth quarter of 2023. The financial report shows that Q4 revenue was $80.9 million, an increase of 7.7% year-on-year, beating market expectations by $790,000. Net profit was $29.7 million, a 79% increase. The net profit margin was 36.6%. In the fourth quarter, non-GAAP net profit was $33.4 million, a 53.8% year-on-year increase. The non-GAAP net profit margin was 41.3%. Basic and diluted earnings per share were $0.20 and $0.17 respectively, compared to $0.11 and $0.09 in the same period last year. In the fourth quarter, YALA Technology had an average monthly active users of 36.2 million, compared to 32 million in the same period last year, a 13.3% increase; paid users were 11.9 million, down 4.2% from 12.5 million in the same period last year. As of December 31, 2023, the company had cash and cash equivalents, restricted cash, time deposits, and short-term investments totaling $535.7 million, compared to $545.1 million in the previous quarter. Looking ahead, YALA Technology expects first quarter revenue in 2024 to be between $72 million and $79 million.