Yalla Group (YALA) has released an update.
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Yalla Group Limited, the leading social networking and gaming company in MENA, reported a 2.5% revenue increase to $81.2 million and a 10.9% rise in net income to $31.4 million for Q2 2024. Despite a decline in paying users, the company saw a 14.1% growth in average monthly active users to 39 million. The company attributes its solid financial performance to improved operational efficiency and user engagement strategies.
For further insights into YALA stock, check out TipRanks’ Stock Analysis page.
