> Do not look at the floating clouds to cover your eyes.
In the long run, you don’t have to worry about the future of the game live broadcast platform. Its penetration rate among game players will become higher and higher, and its penetration rate among netizens will become higher and higher. The Oxford University research report “The Future of Employment” predicts that under technological advancement, there is a 90% chance that jobs such as referees, cashiers, waiters, paralegals, tour guides, and bus drivers will be replaced by computers in 2033. Games will be the biggest scene where they will be deposited, and the game live broadcast platform can be regarded as the future “educational institution”.
That’s why I said that the value of the virtual world is just the tip of the iceberg.
Under these two expectations, the short-to-medium-to-short-term cloud computing explosions, going overseas and out of the circle, and the long-term boom of the gaming industry, I think Huya’s revenue can maintain a CAGR of at least 20% in the next three years, and it is expected that it will be Q2 of 2023 The 12-month revenue of 17 billion yuan. It is estimated that Non-GAAP can increase to 17%. Given 25 times PE, the market value is 10.3 billion US dollars. It is a pity that I did not seize the excellent buying point below the market value of 5 billion US dollars on the day of the earnings report on Tuesday. Lazy people do not deserve the high profit curve~
From fiber optic determinism to copyright determinism, I think Huya will be the winner.