HUYA Swings to Q2 Profit, Doubles Buyback to $100M as Game Services Surge 54%
HUYA sits 17% above its 52-week low of $2.15.
Summary
HUYA reported Q2 2026 revenue of RMB1.74 billion, up 11% year-over-year, and swung to a small net profit. Game-related services revenue surged 54%, and the board doubled the share buyback program to $100 million.
Key Events · Earnings and Guidance · HUYA
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Q2 Revenue Up 11%, Swings to Profit
Total net revenues rose 11.0% YoY to RMB1,739.3 million (US$256.3 million). Net income was RMB1.6 million, compared to a net loss of RMB5.5 million in Q2 2025.
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Game Services Revenue Surges 54%
Game-related services, advertising and other revenues jumped 54.1% to RMB637.9 million, now representing 36.7% of total revenue, driven by in-game item sales and Goose Goose Duck mobile.
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Buyback Authorization Doubled to $100M
Board increased the 2026 Share Repurchase Program from $50 million to $100 million. As of June 30, 2026, $7.6 million had been used to repurchase 3.2 million ADSs.
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Live Streaming Revenue Continues Decline
Live streaming revenue fell to RMB1,101.5 million from RMB1,153.2 million a year ago, reflecting industry headwinds, partially offset by the growth in game services.
Analysis · HUYA · Technology
A return to profitability in Q2—net income of RMB1.6 million versus a year-ago loss—underscores HUYA's accelerating pivot. Game-related services revenue jumped 54% to RMB637.9 million, now accounting for 36.7% of total revenue, while the board doubled the share repurchase authorization to $100 million, signaling confidence in the transformation. Although live streaming revenue continued to decline, the shift toward higher-margin game services is gaining traction, helped by Goose Goose Duck mobile re-entering the App Store top 5. The upsized buyback provides a floor for the stock, though only $7.6 million of the prior $50 million program had been deployed through June.
At the time of this filing, HUYA was trading at $2.51 on NYSE in the Technology sector, with a market capitalization of approximately $552.6M. The 52-week trading range was $2.15 to $4.93. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.