Who will be Hu Yi and Betta?
Editor’s note: This article comes from the WeChat public account “ECO E-sports” (ID: ECO-esports) , author pie sauce.
Under the epidemic, some people rejoice and worry, Huya Douyu, the two “leaders” in the live broadcast industry, has become a new business giant
On May 21st, Beijing time, Huya announced the first quarter financial report for 2020. Total revenue in the first quarter of 2020 was RMB 2.412 billion, an increase of 47.8% from RMB 1.632 billion in the same period in 2019. For the eighth consecutive quarter since listing, exceeded management expectations;
The net profit attributable to Huya under US GAAP in the first quarter of 2020 was RMB 171 million, an increase of 169.8% compared with RMB 63.5 million in the same period of 2019, and realized profit for ten consecutive quarters;
6-quarter net profit comparison between Huya and Betta
In this quarter, Huya ’s advertising and other business revenue was RMB 138 million, an increase of 74.0% year-on-year.
2020Q1 Huya ’s business revenue share
Beijing time on May 26, Betta also announced a new quarterly earnings report.
According to financial reports, the performance of Betta fish exceeded expectations this quarter, with total revenue of 2.278 billion yuan, a year-on-year increase of 53.0%; under the US GAAP in the first quarter of 2020, net profit was 255 million yuan, compared with Net profit of 18.2 million yuan.