Earnings Call Summary | HUYA Inc(HUYA.US) Q1 2024 Earnings Conference
Earnings Call Summary | HUYA Inc(HUYA.US) Q1 2024 Earnings Conference
The following is a summary of the HUYA Inc. (HUYA) Q1 2024 Earnings Call Transcript:
以下是虎牙公司（HUYA）2024年第一季度财报电话会议记录摘要：
Financial Performance:
财务业绩：
HUYA reported Q1 revenue of approximately RMB 1.5 billion, down from RMB 1.96 billion during the same period last year.
Live streaming revenues accounted for RMB 1.26 billion for Q1, while revenues from game-related services, advertising and other sources were RMB 244 million for Q1, marking a 137.6% year-over-year increase.
The gross profit was RMB 221 million, with a gross margin of 14.7%, noting an improvement over earlier periods due to increased performance of game-related services.
The company managed a significant reduction in total operating expenses by 17.8% year-over-year, with net income attributable to HUYA Inc. at RMB 71 million for Q1, up from RMB 40 million during the same period last year.
虎牙公布的第一季度收入约为15亿元人民币，低于去年同期的19.6亿元人民币。
第一季度直播收入为12.6亿元人民币，而第一季度来自游戏相关服务、广告和其他来源的收入为2.44亿元人民币，同比增长137.6％。
毛利为人民币2.21亿元，毛利率为14.7％，由于游戏相关服务的业绩提高，毛利率与前期相比有所改善。
该公司的总运营支出同比大幅减少了17.8％，第一季度归属于HUYA Inc.的净收入为7,100万元人民币，高于去年同期的4000万元人民币。
Business Progress:
业务进展：
The company experienced notable user-based expansion, with average mobile MAUs reaching 82.6 million for the first quarter.
Strategic transformation to focus on game-related services like game distribution services, in-game virtual items, and innovative broadcaster promotions are in progress, and the company is expanding its service coverage and enhancing cooperation with Tencent Group.
HUYA has made substantial strides to strengthen its revenue mix and scale profit levels, with expectations for gross profit margins to improve in 2024 due to changes in the revenue mix and ongoing business growth.
The company also returned nearly $200 million to its shareholders through a share repurchase program and a special cash dividend, and has highlighted strong ties with Tencent Group and other platform cooperations as a key strategy moving forward.
该公司经历了显著的用户扩张，第一季度的平均移动月活跃用户数达到8,260万。
专注于游戏发行服务、游戏内虚拟物品和创新的广播公司促销等游戏相关服务的战略转型正在进行中，该公司正在扩大其服务覆盖范围并加强与腾讯集团的合作。
HUYA在加强其收入结构和扩大利润水平方面取得了长足的进步，由于收入结构的变化和持续的业务增长，预计2024年的毛利率将有所提高。
该公司还通过股票回购计划和特别现金分红向股东返还了近2亿美元，并强调与腾讯集团和其他平台合作的紧密关系是向前迈进的关键战略。
More details: HUYA Inc IR
更多详情： HUYA Inc IR
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