HUYA Inc. reported Q2 2024 financial results with total net revenues of RMB1,541.6 million, down 16.1% YoY but up 2.5% QoQ. Net income attributable to HUYA Inc. was RMB29.6 million, compared with RMB20.3 million in Q2 2023. Average mobile MAUs increased to 83.5 million.Game-related services, advertising and other revenues grew 152.7% YoY to RMB308.5 million, accounting for 20% of total net revenues. The company's strategic transformation to expand game industry presence continued to advance. Paying users on Huya Live reached 4.5 million in Q2.HUYA extended its share repurchase program, authorizing the use of the remaining US$43.3 million quota through March 31, 2025. The board also declared a special cash dividend of US$1.08 per ADS, totaling approximately US$250 million, to be paid on or around October 25, 2024.

HUYA Inc. reported Q2 2024 financial results with total net revenues of RMB1,541.6 million, down 16.1% YoY but up 2.5% QoQ. Net income attributable to HUYA Inc. was RMB29.6 million, compared with RMB20.3 million in Q2 2023. Average mobile MAUs increased to 83.5 million.Game-related services, advertising and other revenues grew 152.7% YoY to RMB308.5 million, accounting for 20% of total net revenues. The company's strategic transformation to expand game industry presence continued to advance. Paying users on Huya Live reached 4.5 million in Q2.HUYA extended its share repurchase program, authorizing the use of the remaining US$43.3 million quota through March 31, 2025. The board also declared a special cash dividend of US$1.08 per ADS, totaling approximately US$250 million, to be paid on or around October 25, 2024.