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GUANGZHOU - Chinese game live streaming platform Huya Inc. (NYSE:HUYA) reported mixed first quarter results on Tuesday, with revenue beating expectations but earnings falling short of estimates.
The company’s shares rose 1.36% in pre-market trading following the release.
Huya posted adjusted earnings per share of RMB0.10 ($0.01) for Q1 2025, missing the analyst consensus of RMB0.67. However, revenue came in at RMB1.51 billion ($207.9 million), surpassing expectations of RMB1.42 billion and increasing slightly from RMB1.50 billion in the same quarter last year.
The company’s game-related services, advertising and other revenues grew 52.1% YoY to RMB370.4 million, helping to offset a decline in live streaming revenues. This segment now accounts for 24.6% of total net revenues, up from 16.2% a year ago.
"We are pleased to highlight that our total net revenues stabilized year-over-year, driven by the growth in game-related services, advertising, and other businesses," said Junhong Huang, Acting Co-Chief Executive Officer.
Huya maintained its user base, with average mobile monthly active users at 83.4 million in Q1, compared to 82.6 million last year. The number of paying users remained flat at 4.4 million.
While profitability declined, with net income attributable to Huya falling to RMB0.9 million from RMB71.0 million a year ago, the company still achieved positive net income for the quarter.
Looking ahead, Huya plans to continue strengthening its content ecosystem and exploring new commercial opportunities, particularly in overseas markets.
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