Yalla Group (YALA) has released an update.
Yalla Group Limited reported a strong start to 2024 with a 7.1% year-over-year revenue increase to $78.7 million in Q1, driven by a 14.6% growth in monthly active users to 37.8 million and a significant 56.2% rise in net income to $31.1 million. Despite a slight decrease in the number of paying users, the company’s effective monetization strategies and operating efficiency improvements have led to a solid financial performance with expanded net margins.
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