HUYA's fundamentals continue to deteriorate, with live streaming revenue declining and non-live segments unable to offset core weakness. Margins are under pressure as cost-cutting reaches its limits and streamer retention costs rise, further challenging long-term profitability. Valuation is justified only by HUYA's net cash position, with no visible turnaround in topline or user growth; we reiterate my SELL rating.
HUYA Inc. (NYSE:HUYA ) Q1 2025 Earnings Call May 13, 2025 8:00 AM ET Company Participants Hanyu Liu - IR Junhong Huang - Director, Acting Co-CEO and SVP Raymond Peng Lei - Acting Co-CEO and CFO Conference Call Participants Nelson Cheung - Citi Ritchie Sun - HSBC Yanyan Xiao - CICC Hanyu Liu Welcome to HUYA's First Quarter 2025 Earnings Webinar. I'm Hanyu Liu from the HUYA's Investor Relations.
GUANGZHOU, China , May 13, 2025 /PRNewswire/ -- HUYA Inc. ("Huya" or the "Company") (NYSE: HUYA), a leading game live streaming platform in China, today announced its unaudited financial results for the first quarter ended March 31, 2025. First Quarter 2025 Highlights Total net revenues were RMB1,508.6 million (US$207.9 million) for the first quarter of 2025, compared with RMB1,504.0 million for the same period of 2024.
![]() HUYA In 1 weeks Announced | Other | $1.47 Per Share |
![]() HUYA 8 months ago Paid | Other | $1.08 Per Share |
![]() HUYA 9 May 2024 Paid | Other | $0.66 Per Share |
12 May 2025 Date | | - Cons. EPS | 0 EPS |
17 Mar 2025 Date | | 0.27 Cons. EPS | 0.01 EPS |
12 Nov 2024 Date | | 0.04 Cons. EPS | 0.01 EPS |
13 Aug 2024 Date | | 0.5 Cons. EPS | 0.41 EPS |
13 May 2024 Date | | - Cons. EPS | 0.04 EPS |
![]() HUYA In 1 weeks Announced | Other | $1.47 Per Share |
![]() HUYA 8 months ago Paid | Other | $1.08 Per Share |
![]() HUYA 9 May 2024 Paid | Other | $0.66 Per Share |
12 May 2025 Date | | - Cons. EPS | 0 EPS |
17 Mar 2025 Date | | 0.27 Cons. EPS | 0.01 EPS |
12 Nov 2024 Date | | 0.04 Cons. EPS | 0.01 EPS |
13 Aug 2024 Date | | 0.5 Cons. EPS | 0.41 EPS |
13 May 2024 Date | | - Cons. EPS | 0.04 EPS |
Entertainment Industry | Communication Services Sector | Mr. Junhong Huang CEO | LSE Exchange | US44852D1081 ISIN |
CN Country | 1,251 Employees | 1 Jul 2025 Last Dividend | - Last Split | 11 May 2018 IPO Date |
HUYA Inc. operates as a leading game live streaming platform in the People's Republic of China, showcasing a strong presence in the digital entertainment industry. Founded in 2014 and headquartered in Guangzhou, China, HUYA Inc. has grown significantly, embarking on a journey within the realms of live interactive streaming. As a subsidiary of the multinational conglomerate Tencent Holdings Limited, HUYA Inc. benefits from the backing and technological prowess of one of China's largest and most influential internet and technology companies. The company specializes in broadcasting diverse entertainment content through its platforms, facilitating real-time interaction between broadcasters and viewers. Over the years, HUYA's commitment to delivering quality content and innovative streaming services has seen it expand its footprint beyond China, venturing into international markets with its Nimo TV platform, thereby asserting its global aspirations in the live streaming space.
HUYA's flagship service revolves around its game live streaming platforms, which dominate the Chinese market. These platforms serve as a digital arena for gamers and enthusiasts, providing a space where broadcasters can showcase their gameplay while engaging with viewers in real-time. The interactive nature of HUYA’s platforms elevates the viewing experience, making it a popular choice among the gaming community.
Apart from gaming content, HUYA diversifies its offerings by streaming a variety of other entertainment genres. This includes talent shows, anime, outdoor activities, and live chats, catering to a broader audience with varied interests. By integrating different forms of entertainment, HUYA aims to enrich its content portfolio and appeal to a wider demographic.
Nimo TV represents HUYA's strategic expansion into international markets. This game live streaming platform mirrors the company’s domestic success, targeting overseas audiences with an appetite for gaming and interactive entertainment. Nimo TV leverages HUYA’s expertise in live streaming to engage with gamers and viewers across different countries, further establishing HUYA's presence on a global scale.
HUYA Inc. also engages in online advertising, offering brands and advertisers a platform to reach their target audience via live streaming. This service taps into the vast user base of HUYA’s platforms, presenting a unique opportunity for advertisers to connect with engaged viewers in a dynamic and interactive environment.
In addition to its core live streaming services, HUYA provides a range of internet value added and cultural and creative services. These services are designed to support content creators, enhance user experiences, and promote cultural exchange through HUYA's platforms. By fostering a vibrant community of creators and viewers, HUYA aims to drive innovation and creativity in the content it delivers.