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INSANE: Huya q1 earnings call highlights - The Real Truth

HUYA NYSE MarketBeat WeChat Douyin

HUYA (NYSE:HUYA) reported first-quarter net revenue growth as the company continued to shift its business mix beyond live streaming and into game-related services, advertising, game publishing and in-game item sales.

Acting CEO Vincent Junhong Huang said total net revenues rose 15% year over year to RMB 1.73 billion in the first quarter. Game-related services, advertising and other revenues increased 69% year over year to RMB 627 million, reaching a record 36% of total net revenues. Live streaming revenues were RMB 1.1 billion.

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