Shulou(Shulou.com)11/24 Report--

Thank you, CTOnews.com netizens. Hello, rabbit clue delivery! According to the news on the evening of May 16, Beijing time, Huya TV (NYSE:HUYA) today announced its financial results for the first quarter of 2023, which ended on March 31. According to the financial report, Huya's total net revenue in the first quarter was 1.9492 billion yuan, down 20.9 percent from 2.4646 billion yuan in the same period in 2022. The net profit attributed to Huya was 44.8 million yuan, compared with a net loss of 3.3 million yuan in the same period in 2022. Under non-Non-GAAP, the net profit attributable to Huya was 85.5 million yuan, compared with 46.6 million yuan in the same period in 2022.

First quarter operating results: in the first quarter, the average MAU (average number of mobile monthly active users) of Huya TV's service was 82.1 million, compared with 81.9 million in the same period in 2022.

In the first quarter, the number of paid households for Huya TV's service was 5.2 million, compared with 5.9 million in the same period in 2022.

Financial results for the first quarter: total net revenue was 1.9492 billion yuan, compared with 2.4646 billion yuan in the same period in 2022.

Of this total, revenue from live streaming services was 1.8599 billion yuan, compared with 2.1517 billion yuan in the same period in 2022. Advertising and other revenue was 89.3 million yuan, compared with 312.8 million yuan in the same period in 2022.

The revenue cost was 1.6928 billion yuan, down 20.6% compared with 2.131 billion yuan in the same period in 2022, mainly due to the decline in revenue sharing fees, content costs and bandwidth costs.

Revenue sharing fees and content costs were 1.4902 billion yuan, down 17.6 percent from 1.8075 billion yuan in the same period in 2022.

The cost of bandwidth was 93.6 million yuan, down 44.4 percent compared with 168.3 million yuan in the same period in 2022.

The gross profit was 256.5 million yuan, compared with 333.6 million yuan in the same period in 2022. The gross profit margin was about 13.2%, compared with about 13.5% in the same period last year.

Spending on R & D was 152.4 million yuan, down 22.3% compared with 196.3 million yuan in the same period in 2022.

Sales and marketing expenses were 91.2 million yuan, down 37.1% compared with 145.1 million yuan in the same period in 2022.

General and administrative expenses were 67.7 million yuan, down 16.2% compared with 80.8 million yuan in the same period in 2022.

Other income was 4.2 million yuan, compared with 28.3 million yuan in the same period last year.

The operating loss was 50.7 million yuan, compared with 60.2 million yuan in the same period in 2022.

Interest and short-term investment income was 96.4 million yuan, compared with 59.2 million yuan in the same period in 2022, mainly due to higher interest rates.

The net profit attributed to Huya was 44.8 million yuan, compared with a net loss of 3.3 million yuan in the same period in 2022.

Under non-Non-GAAP, the net profit attributable to Huya was 85.5 million yuan, compared with 46.6 million yuan in the same period in 2022.

Net basic and diluted earnings per American depositary share (ADS) were $0.18, compared with basic and diluted net earnings per ADS of $0.01a in the same period last year.

Excluding American General Accounting Standards (Non-GAAP), basic and diluted net income per American depositary share (ADS) was $0.35, compared with $0.19 per ADS in the same period last year.

As of March 31, 2023, the total amount of cash, cash equivalents, short-term deposits, short-term investments and long-term deposits held by Huya was 10.3476 billion yuan, compared with 10.7492 billion yuan as of December 31, 2022.

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