Yalla Group ( (YALA) ) just unveiled an announcement.
Yalla Group Limited reported its unaudited financial results for the fourth quarter and full year of 2024, showing significant growth in both revenue and user engagement. The company’s revenues reached a record high of $90.8 million in Q4 2024, a 12.2% increase from the previous year, driven by a 14.4% rise in average monthly active users and a 3.2% increase in paying users. For the full year, revenues grew by 6.5% to $339.7 million, with net income rising by 18.7% to $134.2 million. The company attributes its success to enhanced user experience, efficient operations, and strategic investments in gaming innovation and AI tailored to local culture. As Yalla Group celebrates its 10th anniversary in 2025, it aims to continue driving digital transformation across the MENA region, leveraging its strong financial position and regional expertise to deliver sustainable growth and value to stakeholders.
More about Yalla Group
Yalla Group Limited is the largest online social networking and gaming company based in the Middle East and North Africa (MENA). The company focuses on providing chatting and gaming services, with a strong emphasis on local culture and user engagement.
YTD Price Performance: -0.74%
Average Trading Volume: 190,043
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $638.7M
For a thorough assessment of YALA stock, go to TipRanks’ Stock Analysis page.