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HUYA Inc. (HUYA) Q3 2024 Earnings Conference Call Transcript Summary

Futu News ·  Nov 12 23:09  · Conference Call

The following is a summary of the HUYA Inc. (HUYA) Q3 2024 Earnings Conference Call Transcript:

Financial Performance:

  • HUYA Inc. reported Q3 2024 total net revenues of RMB1.54 billion.

  • Non-GAAP net income was RMB78 million, despite the ongoing macroeconomic challenges.

  • Game-related services, advertising, and other businesses exhibited strong growth, contributing significantly to the revenue with a year-over-year increase of 209.3%.

  • Gross margin was 13.2%; operating expenses saw a year-over-year decrease of 20.9%.

Business Progress:

  • HUYA has enhanced its game-related services through new partnerships, game distributions, and targeted advertising, driving significant revenue growth.

  • The company hosted over 110 licensed and in-house eSports tournaments and events, enhancing content diversity and user engagement.

  • Exclusive and collaborative in-game item sales, such as custom skins, significantly contributed to revenue.

  • Implemented innovative live streaming content features, like integrated gameplay modes, to enhance user experience and interaction.

Opportunities:

  • Expanded game distribution and in-game sales show substantial growth potential, supported by collaborations with gaming studios and exclusive content offerings.

  • Building on the success of in-house produced eSports events and shows to create commercially valuable IPs.

Risks:

  • The live streaming segment faces ongoing revenue pressure due to reduced user spending in the current economic environment.

Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.

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