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Tiger's revenue in the second quarter was 2.275 billion yuan: a net loss of 19.4 million yuan. The number of monthly active users of live streaming increased by 7.7% compared with the same period last year.

Shulou Source: shulou.com Published: 2023-11-24 12:07:06 10月05日 Update

CTOnews.com August 16 news, Huya today announced unaudited financial results for the second quarter of 2022. Revenue in the second quarter of 2022 was 2.275 billion yuan, compared with 2.9624 billion yuan in the same period in 2021. The net loss in the second quarter was 19.4 million yuan, compared with a net profit of 186.3 million yuan in the same period in 2021, a year-on-year loss.

Huya TV's average number of mobile monthly active users increased by 7.7% to 83.6 million in the second quarter from 77.6 million in the same period in 2021. Huya TV had 5.6 million paying users in the second quarter of 2022, compared with 5.6 million in the same period in 2021.

Live streaming revenue was 2.0519 billion yuan ($306.3 million) in the second quarter of 2022, compared with 2.5792 billion yuan in the same period in 2021, mainly due to a decline in average expenditure per paying user of Huya TV. Because the recent macro and regulatory environment has had a negative impact on the mood of the company's paying users.

Advertising and other revenue in the second quarter of 2022 was 223.3 million yuan ($33.3 million), compared with 383.2 million yuan in the same period in 2021, mainly due to the decline in content sub-licensing revenue and the demand for advertising services in a soft and challenging macro environment.

Bandwidth costs fell 9.9% from 171.4 million yuan in the same period in 2021 to 154.4 million yuan ($23 million) in the second quarter of 2022, mainly due to improved bandwidth cost management and continuous technological improvement.

Research and development costs fell from 207.9 million yuan in the same period in 2021 to 168.4 million yuan ($25.1 million) in the second quarter of 2022, mainly due to a reduction in equity incentive fees.

As of June 30, 2022, Huya's cash and cash equivalents, short-term deposits and short-term investments were 10.7167 billion yuan ($1.6 billion), compared with 10.4734 billion yuan as of March 31, 2022.

CTOnews.com understands that Tiger Tooth management will hold an earnings call on August 16, 2022 at 7:00 EDT (7:00 Beijing / Hong Kong time on August 16, 2022).