HUYA Inc. reported its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2024, alongside the announcement of a 2025-2027 Dividend Plan. For fiscal year 2024, total net revenues were RMB6,079.1 million (US$832.8 million), a decrease from RMB6,994.3 million in the prior year. However, the company achieved a non-GAAP net income attributable to HUYA Inc. of RMB268.8 million (US$36.8 million), a significant 125.6% increase year-over-year, marking a turnaround to positive net cash provided by operating activities of RMB94.3 million (US$12.9 million) for the full year.
The game-related services, advertising, and other revenues surged by 145.4% year-over-year to RMB1,333.9 million (US$182.7 million) for fiscal year 2024, accounting for 21.9% of total net revenues, up from 7.8% in 2023. This growth was primarily driven by increased revenues from game distribution, advertising services, and in-game item sales, stemming from deepened cooperation with Tencent and other game companies. For the fourth quarter of 2024, this segment nearly doubled year-over-year to RMB371.6 million (US$50.9 million).
In a strategic move, HUYA announced its 2025-2027 Dividend Plan, committing to distribute no less than US$400 million in cash dividends over the next three years. This includes a cash dividend of US$1.47 per ordinary share, or US$1.47 per American depositary share (ADS), for 2025. The company also highlighted its technological advancements, becoming the first game live streaming platform to fully deploy the DeepSeek-R1 model, which will advance its 'AI + Live Streaming' strategy across content production, distribution, and consumption.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.