Yale Technology announced financial results for the first quarter.
Zhitong Finance learned that YALA.US (YALA.US) announced financial results for the first quarter. According to the data, Q1 revenue was 78.73 million US dollars, up 7.1% year over year, slightly higher than expected. Non-GAAP earnings per share were $0.20. Net profit was US$31.1 million, up 56.2% year over year.
By business breakdown, the revenue from the chat service business was $52.2 million, and the revenue from the game service business was $26.5 million. Non-GAAP net profit was $35.3 million, up 38.4% year over year.
The average monthly active users (MAU) was 37.8 million, up 14.6% year over year. The number of paying users was 12.8 million, down 5.2% year over year. Average revenue per paying user (ARPPU) was $6.03, compared to $5.39 in the same period last year.
For the second quarter of 2024, Yale Technology currently expects revenue between $72 million and $79 million, while the market expects $83 million.