Yalla Group Limited reported its unaudited financial results for the fourth quarter and full year ended December 31, 2024. For the fourth quarter, revenues reached a new record high of US$90.8 million, an increase of 12.2% from US$80.9 million in the fourth quarter of 2023, surpassing the upper end of guidance.
Full-year 2024 revenues totaled US$339.7 million, a 6.5% increase from US$318.9 million in 2023. Net income for the full year increased by 18.7% to US$134.2 million, compared to US$113.1 million in 2023, while operating income rose by 26.0% to US$121.4 million.
The company's board of directors approved an extension of the share repurchase program's expiration date to May 21, 2026. In the fourth quarter of 2024, Yalla repurchased 1,595,879 ADSs for approximately US$6.9 million. As of December 31, 2024, US$100.6 million remained available under the program. For the first quarter of 2025, Yalla expects revenues to be between US$75.0 million and US$82.0 million.
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