NYSE$HUYA
HUYA Inc · Q4 2024 earnings
Q4 2024 earnings · · Before market open · Investor relations
Briefing
HUYA reported its Q4 2024 financial results with stable revenue and improved gross margin, despite posting a net loss.
In Q4 2024, HUYA achieved net revenues of $204.9 million, with strong growth in game-related services and advertising. Gross profit rose to $23.4 million, and gross margin reached 11.4%. The company reported a net loss of $23.6 million but recorded a positive non-GAAP net income, reflecting operational improvements.
- Total net revenue was $204.9 million, slightly lower than the prior year.
- Gross profit increased to $23.4 million with an improved margin of 11.4%.
- Net loss attributable to HUYA was $23.6 million, showing year-over-year improvement.
- Non-GAAP net income reached $0.2 million, marking a positive turnaround.
Headline financials
Revenue & EPS history
HUYA · Revenue · Quarterly
$205M
Forward guidance
HUYA will continue advancing its AI + live streaming strategy, expanding game distribution and digital innovations while enhancing shareholder returns through dividends and share repurchases.
Tailwinds
- AI integration across content production and distribution.
- Focus on digital IP innovation and virtual streamers.
- Strong growth in game-related services and advertising.
- Self-organized e-sports tournaments gaining popularity.
- Commitment to returning over $400 million to shareholders over three years.
Headwinds
- Macroeconomic factors continue to impact live streaming revenue.
- Year-over-year decline in live streaming segment.
- Significant impairment losses on investments.
- Reduced government subsidies compared to prior periods.
- Ongoing expenses due to business transformation and content investments.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q4 2024
+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
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| 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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