NYSE$HUYA

HUYA Inc · Q2 2026 earnings

Q2 2026 earnings · · Before market open · Investor relations

Briefing

HUYA Inc reported unaudited Q2 2026 financial results with total net revenues of RMB1,739.3 million, up 11.0% year-over-year.

HUYA Inc. announced its second quarter 2026 results on August 11, 2026, showing continued revenue growth driven by game-related services. Total net revenues reached RMB1,739.3 million with gross margin improving to 14.7%. The company narrowed its operating loss and reported positive net income attributable to HUYA Inc. of RMB1.6 million, while expanding its share repurchase program.

  • Total net revenues increased 11.0% YoY to RMB1,739.3 million, with game-related services, advertising and other revenues surging 54.1% to RMB637.9 million (36.7% of total).
  • Gross profit rose 20.1% to RMB255.0 million; gross margin expanded to 14.7% from 13.5% YoY.
  • Operating loss narrowed to RMB7.0 million; non-GAAP operating income reached RMB16.2 million.
  • Net income attributable to HUYA Inc. was RMB1.6 million vs. net loss of RMB5.5 million YoY; board approved increase in 2026 share repurchase program to US$100 million.

Headline financials

Total Revenue

¥258M

Previous: ¥218M+18.3%
EPS (adj)

¥0.16

Previous: ¥0.21-23.8%
Research and development expenses

¥120M

No prior period
Sales and marketing expenses

¥91M

No prior period
General and administrative expenses

¥58.4M

No prior period
Gross margin

14.7%

Previous: 13.5%+8.9%
Non-GAAP operating income

¥16.2M

No prior period
Net Income

¥237K

Previous: -¥765K+131.0%
Operating Income

-¥1.04M

Previous: -¥3.3M+68.5%
Gross Profit

¥37.8M

Previous: ¥29.5M+28.0%

Revenue & EPS history

HUYA · Revenue · Quarterly

¥258M

Q2 2026+18.3%vs Q2 2025
Beat estimate in 7 of 12 quarters(58%)
ActualEstimate

Forward guidance

Management highlighted ongoing strategic transformation, growth in game publishing, and increased share repurchase authorization reflecting confidence in business outlook.

Tailwinds

  • Game publishing pipeline robust with upcoming titles
  • Increased share repurchase program to US$100 million
  • Six consecutive quarters of revenue growth

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 18 quarterly earnings reports

Historical avg

+0.5%

Avg return

Earnings day

-2.3%

Avg return

5 days after

-3.6%

Avg return

30 days after

52%

17 / 33 earnings

Positive

+24.9%

Q1 2024

Best reaction

-18.3%

Q4 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2026
Q1 2026-9.2%-11.0%-24.5%
Q3 2025-4.3%-3.9%+11.4%
Q2 2025+4.8%+0.0%+3.9%
Q1 2025+1.4%+0.0%+8.7%
Q4 2024-18.3%-29.3%-26.4%
Q3 2024-5.6%-5.3%-2.5%
Q2 2024+6.7%-1.3%-11.4%
Q1 2024+24.9%+35.7%-4.3%
Q4 2023+1.7%-5.7%-4.4%
Q3 2023+12.0%+12.0%+9.9%
Q2 2023-5.6%-17.1%-7.1%
Q1 2023-7.0%-9.0%+10.8%
Q4 2022-15.6%-12.8%-18.4%
Q3 2022+20.4%+9.1%+29.6%
Q2 2022-8.6%-13.3%-19.6%
Q1 2022+5.6%+7.4%-1.5%
Q4 2021+14.1%+5.2%-21.7%
Q3 2021+8.9%+19.0%-12.6%
Q2 2021+1.1%+2.2%-3.6%
Q1 2021-2.3%-4.5%+9.6%
Q4 2017+1.2%-6.1%-19.8%
Q4 2020-13.9%-16.2%-27.9%
Q3 2020+7.3%+8.5%+2.2%
Q2 2020+7.0%+0.3%+6.5%
Q1 2020-8.9%-17.1%+7.8%
Q4 2019-3.6%-13.2%+7.4%
Q3 2019-4.6%-11.5%-29.0%
Q2 2019+4.9%+19.1%+18.5%
Q1 2019+0.7%-3.9%+8.3%
Q4 2018+18.8%-4.2%+7.3%
Q3 2018-1.6%-6.8%-11.7%
Q2 2018-14.3%-20.4%-16.1%
Q1 2018-1.5%+17.5%+0.7%
Q3 2017
Q2 2017
Q1 2017
Q4 2016

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