Huya turns losses into profits in 2023: total annual revenue is 7 billion yuan, and net profit attributable to the company is 120 million yuan

Huya Company released financial data in its fourth quarter and full-year financial reports for 2023. According to the report, the company's total annual revenue reached 7 billion yuan, while Huya's net profit under non-GAAP was 120 million yuan. These figures reflect the company's performance and financial position over the past year.

In terms of user data, Huya Live’s mobile MAU (monthly average number of active users) reached 84.1 million throughout the year. In the fourth quarter of 2023, Huya Live’s mobile MAU reached 85.5 million.

Huang Junhong, acting co-CEO and senior vice president of Huya, said: “Thanks to more users paying for newly launched game-related services on our platform, the number of paying users of Huya Live increased slightly to 430 in the fourth quarter from the previous quarter. million. Entering 2024, despite the rapid changes in the market situation, we will continue to consolidate the company's core live broadcast business while promoting the development of game-related services to expand business scope and add new revenue sources. With the steady implementation of strategic transformation, We are confident about our future business prospects."

Wu Xin, Huya's acting co-CEO and vice president of finance, said that considering the current industry environment and the company's initiative to adjust its business, live broadcast revenue in the fourth quarter has declined to a certain extent. degree of contraction. Still, they were pleased with the performance of advertising and other business revenue, which grew 40.5% quarter-over-quarter and 29.2% year-over-year. This growth was mainly attributed to deepening cooperation with game companies, driving growth in game advertising and distribution services revenue.

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