Huya reports Q4 EPS (16c), consensus (12c)

Reports Q4 revenue $215.47M, consensus $212.6M. Average mobile MAUs of Huya Live for the fourth quarter of 2023 remained flat at 85.5M. Junhong Huang, acting co-CEO and Senior Vice President of Huya, commented, “In the fourth quarter of 2023, we continued to attract and engage a broad audience with rich game and e-sports content while upgrading interactive features to enhance the viewing experience. Meanwhile, we made good progress in revamping our technology, products, and operational strategies to provide more innovative game-related services. As a result, Huya Live’s user base remained stable during the quarter, with average mobile MAUs of 85.5 million. Paying users(4) on Huya Live increased sequentially for the fourth quarter, rising marginally to 4.3 million thanks to more users paying for our platform’s new game-related service offerings. As we enter 2024, despite the rapidly changing market conditions, we will continue to solidify our core live streaming business while propelling the development of game-related services to expand our business horizons and unlock new revenue streams. We remain confident in our future business prospects as we steadily implement our strategic transformation.”