Huya reports Q4 EPS 0c

Reports Q4 revenue $832.8M. Average mobile MAUs for the fourth quarter of 2024 was 82.6M. Junhong Huang, acting co-CEO and senior VP of Huya (HUYA), commented, “Despite external challenges, we made encouraging strides in 2024, seizing opportunities presented by our strategic transformation and new game launches to drive improvements in overall profitability and deliver positive net cash provided by operating activities for the full year, marking a turnaround from 2023. Notably, as our game distribution and advertising services and in-game item sales businesses expanded, revenues from the game-related services, advertising, and others segment increased by 145.4% year-over-year, reaching RMB1.33 billion in 2024 and accounting for 21.9% of our total net revenues for the year, a substantial rise from 7.8% in the previous year.”