HUYA (HUYA) Q1 2025 Earnings Transcript

Image source: The Motley Fool.

Date

Tuesday, May 13, 2025 astatine 8 a.m. ET

Call participants

• Chairman and CEO — Junhong Huang

• Acting Co-CEO and CFO — Raymond Peng Lei

Full Conference Call Transcript

Junhong Huang: Okay, hullo everyone. Thank you for joining our earning league today. In the archetypal 4th of 2025 we person full nett revenues stabilized year-over-year and grew quarter-over-quarter to RMB 1.51 billion. This was supported by our dependable execution of our strategical concern translation which drove 52.1% year-over-year summation successful game-relative services, advertizing and different gross to RMB 370 million. This conception accounted for 24.6% of full nett revenues up from 16.2% successful the aforesaid play past year. We were besides pleased to present a nett net this quarter.

Meanwhile, we continued to fortify our unrecorded streaming contented ecosystem, deepen collaborations with crippled companies and contented platforms, and research the integration of AI capabilities successful our e-sports experiences, playing a coagulated instauration for aboriginal development. Now, fto maine stock the details of our caller concern progress, starting with our concern transformation. As I conscionable mentioned, our game-relative services, advertising, and different revenues reached RMB 370 cardinal this quarter. It is worthy noting that revenues from crippled organisation and in-game point income are chiefly recognized connected nett ground aft gross sharing with crippled companies.

As such, the full transaction worth of our game-related services chiefly comprised of the gross database generated done our crippled organisation transmission and the GMV for our in-game point sales. It is really overmuch higher than our reported revenue. Let's statesman with a person look astatine our home game-related services and advertizing businesses. In presumption of crippled distribution, we proactively deepen our engagement with existing games, contempt a 4th with fewer large caller crippled launches. By moving with crippled studios, refining operational strategy, and unlocking the depletion imaginable of precocious commercialized worth idiosyncratic groups that person people congregated with seeing our crippled unrecorded streaming ecosystem. We achieved a coagulated and much balanced crippled organisation performance.

Total gross proceeds generated done HUYAs crippled organisation transmission successful the archetypal quarter, much than doubled year-over-year, and accrued sequentially. In particular, acknowledgment to assorted crippled events during the outpouring festival, respective titles including QQ Speed Mobile, Peacekeeper Elite, Delta Force, and League of Legend mobile recorded important summation successful gross proceeds [ph] passim the HUYA channel, with it increasing much than 50% compared to the archetypal 4th of past year. Several games we distributed from caller partners besides performed well, arsenic we proceed to collaborate with further crippled companies. This results underscore our extended capabilities successful operations and crippled promotions, arsenic we proceed to grow our relation arsenic crippled organisation and promotion channel.