Huya reports Q3 EPS 6c, consensus (3c)

Reports Q3 revenue $225.85M, consensus $213.73M. Average mobile MAUs of Huya Live for Q3 remained flat at 86M. Junhong Huang, acting co-CEO and senior VP of Huya, commented, “Our Huya Live’s average mobile MAUs reached 86.0 million in the third quarter of 2023, growing by 3.7% quarter-over-quarter thanks to our diversified e-sports tournaments and entertainment programming during the summer season. As we continue to enrich our content ecosystem and strengthen our user base, we are also advancing our strategic transformation targeting a shift in our commercialization focus with more game-related services. During the quarter, we focused on establishing terms of cooperation with game studios and building the business infrastructure required to support these new services. We are confident that through strong strategic execution, we will expand Huya’s presence in the game value chain and drive more balanced and sustainable business growth in the long term.”