3 Important Takeaways From Huya's Latest Earnings
Huya (NYSE: HUYA), a leading Chinese video live-streaming platform backed by Tencent Holdings (OTC: TCEHY), announced solid corporate earnings results on Wednesday for the third quarter (ended Sept. 30, 2020). Revenue jumped 24% (in constant currency) year over year while net income surged 105% (in constant currency) on the backs of more paying users and stronger average spending per user.
That was the top-line take on the financial release. Here are three important takeaways that investors should make note of from this earnings report.
Huya reported a solid result as a whole, with revenue growth across its live-streaming segment (up 23% to 2.7 billion renminbi) and advertising income (up 45% to 158 million renminbi). Similarly, operating metrics came in stronger across the board, with monthly active users (MAUs) growing 18% to 173 million and paying users up 13% to 6 million.
Source Fool.com
