Earnings stock to watch: HUYA Inc – ADR (NYSE: HUYA)

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HUYA Inc – ADR (NYSE: HUYA) stock fell over 0.9% on 17th May, 2019 (as of 12:09 pm GMT-4; Source: Google finance). For the second quarter of 2019, Huya expects net revenues to grow by 66.6% to 72.4% year-over-year to a range of RMB1,730 million to RMB1,790 million

Earnings stock to watch: HUYA Inc – ADR (NYSE: HUYA)

Meanwhile, during April 2019, Huya has completed a registered follow-on public offering of 13.6 million ADS by the company and of 4.8 million ADS by a selling shareholder. The company had raised about $314.8 million in net proceeds after deducting underwriting commissions and the offering expenses payable.

HUYA in the first quarter of FY 19 has reported 50% increase in the adjusted earnings per share of 9 cents, The company had reported the adjusted revenue growth of 93.4 percent to $243.1 million in the first quarter of FY 19. The revenue grew due to higher live streaming revenues and an increase in advertising and other revenues.

For the first quarter, the company posted a 33.3% growth in average monthly active users (MAUs) due to the major events broadcasted on Huya’s website and mobile apps. Average mobile MAUs rose 29.8% as the company benefited from its mobile strategy with promising results.

Live streaming revenue for the first quarter grew by 95.8% primarily due to the increases in both the number of paying users on Huya’s platform and average spending per paying user. The total number of paying users increased by 57.4%. This was primarily driven by the company’s mobile strategy, diversification of content offerings and continued efforts in converting active users into paying users.

Advertising and other revenues rose by 55.5% year-over-year. This growth was primarily due to the increased demand from gaming advertisers and further recognition of Huya’s brand name in China’s online advertising market.

Revenue sharing fees and content costs grew by 116.7% due to the increase in virtual item revenue sharing, which was in line with its live streaming revenue growth, and continued spending in e-sports content and content creators in both domestic and overseas markets. Bandwidth costs rose up 8.3% due to a rise in bandwidth usage as a result of the increased user base on Huya’s platform and enhanced live streaming video quality improvement.

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