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4q20’s revenue reached 2.99 billion yuan, with 6 million paying users, up 17.6% year on year From Tiger teeth

The following is the 4q20’s revenue reached 2.99 billion yuan, with 6 million paying users, up 17.6% year on year From Tiger teeth recommended by recordtrend.com. And this article belongs to the classification: Enterprise financial report, Investment & Economy, Network entertainment, Webcast.

On March 23, 2021, Huya announced its performance in the fourth quarter and the whole year of 2020. According to the financial report data, the total revenue of Huya in the fourth quarter of 2020 was 2.990 billion yuan, an increase of 21.2% over the same period of 2019; the total revenue of 2020 was 10.914 billion yuan, an increase of 30.3% over 2019.

Under non US GAAP, in the fourth quarter of 2020, the net profit attributable to Huya was 306 million yuan, an increase of 26.5% over the same period last year, making profits for 13 consecutive quarters.

In terms of domestic user data, Huya live Mau (monthly average number of active users) and mobile Mau in the fourth quarter were 178.5 million and 79.5 million, respectively, with a year-on-year growth rate of 18.8% and 29.1%, respectively, and continued to grow steadily.

In the fourth quarter, key indicators rose year-on-year, and mobile terminal promoted the steady expansion of user scale

In the fourth quarter of 2020, the total revenue of Huya was 2.990 billion yuan (US $458 million), an increase of 21.2% compared with 2.468 billion yuan in the same period of 2019.

In the fourth quarter of 2020, the net profit attributable to Huya under non US GAAP was 306 million yuan (US $46.9 million), an increase of 26.5% compared with 242 million yuan in the same period of 2019.

In the fourth quarter of 2020, the Mau (monthly average number of active users) of Huya live broadcast mobile terminal was 79.5 million, an increase of 29.1% compared with 61.6 million in the same period of 2019.

In the fourth quarter of 2020, Huya live Mau (monthly average number of active users) was 178.5 million, an increase of 18.8% compared with 150.2 million in the same period of 2019.

In the fourth quarter of 2020, the number of paid users of Huya live broadcast was 6 million, an increase of 17.6% compared with 5.1 million in the same period of 2019.

“Novel coronavirus pneumonia has brought many challenges throughout the year of 2020, but we have been able to enrich the content supply through continuous quality commitment, competition and entertainment programs,” Dong Rongjie said. “We have achieved significant user growth and high user participation. In the fourth quarter of 2020, Huya Live Mobile Mau (monthly average active users) reached 79.5 million, an increase of 29.1% over the same period in 2019. In 2021, we will continue to increase the investment in the content level, further optimize the products, expand the breadth and diversity of the platform, and bring more pleasant experience to users. “

“We are pleased with the robust financial performance in 2020,” said Liu Xiaozheng, chief financial officer of tiger teeth. In 2020, our total revenue increased by 30.3% to 10.9 billion yuan, while our net profit increased by 88.9% to 884 million yuan. The closing performance in 2020 was strong, with total revenue and gross profit in the fourth quarter growing by 21.2% and 28.1% year-on-year respectively. With continuous revenue expansion and operational efficiency improvement, the operating profit margin in the fourth quarter of 2020 increased to 6.3% from 4.1% in the same period of 2019, and the operating profit margin under non US GAAP increased to 9.0% from 7.4% in the same period of 2019. By giving full play to the strong executive power of the team, we will continue to seize the growth opportunities and further create value for our users and shareholders. “

Huya’s annual revenue hit a new high and kept profitable for 13 consecutive quarters

According to the financial report, in the fourth quarter of 2020, Huya’s total revenue was 2.990 billion yuan (US $458 million), an increase of 21.2% compared with 2.468 billion yuan in the same period of 2019. Under non US GAAP, the operating profit excluding equity incentive expenses was 269 million yuan (41.3 million US dollars), an increase of 46.5% compared with 184 million yuan in the same period of 2019. Under the non US general accounting standards, excluding the equity incentive expenses, investment and equity investment fair value change income and after deducting the income tax, the net profit attributable to Huya was 306 million yuan (US $46.9 million), an increase of 26.5% compared with 242 million yuan in the same period of 2019. Since the fourth quarter of 2017, Huya has been profitable for 13 consecutive quarters.

In addition, the total revenue of Huya in 2020 is 10.914 billion yuan (1.673 billion US dollars), an increase of 30.3% compared with 8.375 billion yuan in 2019. The operating profit under non US GAAP was 1.133 billion yuan (174 million US dollars), an increase of 108.6% compared with 543 million yuan in 2019. The net profit attributable to Huya under non US GAAP was 1.262 billion yuan (193 million US dollars), an increase of 68.2% compared with 745 million yuan in 2019.

In terms of revenue composition, in the fourth quarter of 2020, Huya’s revenue from live broadcasting was 2.815 billion yuan (431 million US dollars), an increase of 20.0% compared with 2.346 billion yuan in the same period of 2019. The main reason for the increase was due to the increase in the number of paying users and the average cost of paying users. The increase in the number of paid users mainly comes from the overall growth of platform users. The growth of the average cost of paying users is mainly driven by the market activities at the end of the year, as well as the enrichment and optimization of content, products and services. In this quarter, Huya’s revenue from advertising and other businesses was 176 million yuan (US $26.9 million), an increase of 44.6% compared with 121 million yuan in the same period of 2019. The increase was mainly due to the growth and diversification of the number of advertisers and the further recognition of Huya brand in China’s Internet advertising market.

According to US GAAP, in the fourth quarter of 2020, the gross profit of Huya was 598 million yuan (91.6 million US dollars), an increase of 28.1% compared with 467 million yuan in the same period of 2019; the gross profit rate of this quarter increased to 20.0% from 18.9% in the same period of 2019. In the fourth quarter of 2020, the net profit attributable to Huya reached 253 million yuan (US $38.8 million), an increase of 58.6% compared with 160 million yuan in the same period of 2019.

As of December 31, 2020, Huya has 10.475 billion yuan (US $1.605 billion) of cash, cash equivalents, short-term deposits and short-term investments.

Via Tencent technology more reading: Tiger tooth: 1Q20 revenue 2 billion 400 million yuan, an increase of 47.8% tiger teeth: Q419 earnings showed nine consecutive quarters of profit, but platform competition intensified pressure fish: 1Q20 earnings call conference record B station tiktok lifted the industry ceiling Huya, the top 100 anchor with 3-5-year contract: users of 4q19 increased by 29% to 150 million on a year-on-year basis, and overseas users are still expected to increase by 50%. Huanju group: 1q20 revenue of 7.15 billion yuan, an increase of 49.6% on a year-on-year basis. Huya: revenue of 8.375 billion yuan in 2019, building b-end value content diversification strategy, and the effect is obvious. Betta: net profit of 4q19 is 22.5 million US dollars, and net profit of 1q20 is 35.9 million US dollars on a year-on-year basis Year on year growth of 12.98 times, Betta: total revenue of 2q20 reached 2.508 billion yuan, up 33.9% year on year, Huya: net profit of 3q20 was 37.3 million US dollars, up 105.3% year on year, Huya: net profit of 2q20 was 49.7 million US dollars, up 106.0% year on year, betta: revenue of 3q20 was 2.546.5 billion yuan, up 37% year on year Continue to focus on revenue growth rather than profit iResearch: Research Report on China’s live game industry in 2018 (with download) iResearch: Research Report on China’s live game industry in 2017 (with download)

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