Yalla reports Q2 EPS 17c vs. 16c last year

Reports Q2 revenue $81.2M vs. $79.2M last year. Average MAUs increased by 14.1% to 39.0 million in the second quarter of 2024 from 34.2 million in the second quarter of 2023. Ms. Karen Hu, CFO of Yalla, commented, “We were pleased to sustain our year-over-year revenue growth momentum in the second quarter as we strove for high-quality development and user growth. Our constant efforts to enhance operating efficiency continued to yield positive results, elevating our net margin to 38.6% in the second quarter of 2024. Moving forward, we will continue to execute our high-quality growth strategy, leveraging our solid business fundamentals to capture new business opportunities and deliver long-term, sustainable value to all our stakeholders.”