HUYA Q2 Revenue Jumps 11% on Game Services Surge, Buyback Doubled to $100M
HUYA is trading near its 52-week low of $2.15 (13% above the low).
Summary
HUYA returned to profitability in Q2 with net income of RMB 1.62 million, reversing a year-ago loss, as revenue climbed 11% to RMB 1.74 billion. The growth was driven by a 54% surge in game-related services, advertising, and other revenue, fueled by in-game item sales and the Goose Goose Duck mobile launch. Live streaming revenue continued to decline amid industry headwinds. The board doubled the share repurchase program to $100 million, signaling confidence. This follows the $50 million buyback authorized in March and the $31 million dividend announced earlier this year. With a market cap around $558 million, the expanded buyback is a material return of capital. Watch for sustained profitability and further monetization of Goose Goose Duck mobile.
At the time of this announcement, HUYA was trading at $2.42 on NYSE in the Technology sector, with a market capitalization of approximately $558.4M. The 52-week trading range was $2.15 to $4.93. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.