Record High in Game-related Services Revenue
Game-related services, advertising, and other revenues reached RMB 410.2 million for Q3 2024, marking an increase of 209.3% year-over-year and 32.9% quarter-over-quarter, contributing 26.7% to total net revenues.
Stable User Base and Increased Content Reach
Mobile MAUs improved to 84 million, and HUYA's content reached over 140 million users in September, indicating successful cross-platform collaborations.
Non-GAAP Net Income Achievement
Despite challenges, HUYA achieved a non-GAAP net income of RMB 78 million for Q3 2024.
Operational Efficiency Improvements
Total operating expenses decreased by 20.9% year-over-year due to efforts in enhancing operational efficiency.
Strong Growth in Game Distribution Channel
The total gross receipts from games distributed through HUYA's channel rose to over 20x that of the same period last year.