Significant Growth in Game-Related Services
Game-related services, advertising, and other revenues grew significantly from RMB 122 million in Q2 2023 to RMB 414 million this quarter, now contributing over 1/4 of total net revenues and accounting for over 40% of Huya's total transaction value.
Expansion in Joint Distributed Games
Huya increased its portfolio of jointly distributed games in the domestic market to over 300 titles, with strong performances from Tencent's games such as Honor of Kings, Peacekeeper Elite, and League of Legends Mobile.
Increase in Gross Billings from In-Game Accessories
Gross billings from in-game accessories and cosmetics items increased by 90% year-over-year, reflecting strong demand from Huya's highly engaged user base.
Improved Financial Performance
Total net revenues for the second quarter reached approximately RMB 1.57 billion, increasing both year-over-year and quarter-over-quarter for two consecutive quarters. Achieved a non-GAAP net income of RMB 48 million, marking the sixth consecutive profitable quarter.
Investment in AI and Technology
Huya is embedding AI across operations, enhancing user experience with AI agents like Hu Xiao Ai, and developing AI-powered virtual live streamers and sparring partners for e-sports players.