The Huya IPO has been profitable for ten consecutive quarters. How long can its stable growth continue? With the strategy of diversified content, how can the Huya ecosystem strengthen itself?
Editor’s note: This article from the micro-channel public number “heterologous FINANCE View” (ID: DifferentFin), of: Hyun night snow.
Diverse Financial News, May 21, 2020 Beijing time (May 20, Eastern Time), Huya (NYSE: HUYA) released its financial report for the first quarter ended March 31, 2020.
Overall, in the first quarter of 2020, Huya achieved good results in terms of revenue, net profit, number of users, and monthly active anchors. It has to be said that video, live broadcast and other platforms have become the beneficiaries of the “house economy” brought about by the sudden outbreak.
Huya achieved ten consecutive quarters of profitability. Is its stable growth sustainable?
Despite the low season for the live game industry in the first quarter of each year, coupled with special public health events, Huya has maintained steady growth in revenue.
The financial report shows that in the first quarter of 2020, Huya achieved a revenue of 2.412 billion yuan, an increase of 47.8% compared with 1.631 billion yuan in the same period last year. This is the eight consecutive quarters since Huya exceeded management guidance. Under non-GAAP, the net profit attributable to Huya was 263 million yuan, an increase of 100.7% from 131 million yuan in the same period last year. Since the fourth quarter of 2017, Huya has achieved profitability for ten consecutive quarters.
In the first quarter of 2020, Huya paid users reached 6.1 million, an increase of 700,000 compared with 5.4 million in the same period last year.
(Data source: financial report)
You can see from the above picture, the total number of paid users of Huya is 20