=Huya (HUYA) reported earnings on Mon 13 Aug 2018 (a/h)

GUANGZHOU, China, Aug. 13, 2018 /PRNewswire/ -- HUYA Inc. ("Huya" or the "Company") (HUYA), a leading game live streaming platform in China, today announced its unaudited financial results for the second quarter ended June 30, 2018.

Second Quarter 2018 Financial and Operating Highlights

• Total net revenues for the second quarter of 2018 increased by 125.1% to RMB1,038.3 million (US$156.9 million), from RMB461.4 million in the same period of 2017.
• Non-GAAP net income attributable to Huya was RMB105.4 million (US$15.9 million) for the second quarter of 2018, compared with a non-GAAP net loss attributable to Huya of RMB9.3 million in the same period of 2017.
• Average mobile MAUs in the second quarter of 2018 reached 42.7 million, representing an increase of 24.7% from 34.2 million in the second quarter of 2017.
• Average MAUs in the second quarter of 2018 reached 91.5 million, representing an increase of 10.8% from 82.5 million in the second quarter of 2017.
• Total number of paying users in the second quarter of 2018 reached 3.4 million, representing an increase of 40.7% from 2.4 million in the second quarter of 2017.

Mr. Rongjie Dong, Chief Executive Officer of Huya, commented, "We are pleased to continue our strong growth momentum in the second quarter of 2018, recording revenue growth of 125.1% year-over-year, mainly driven by our fast-growing mobile user base that reached 42.7 million, representing nearly 50% of our total user base. We will focus on enhancing the user experience on our mobile applications to capitalize on user migration to mobile engagement.

"As the leading player in the game live streaming market in China, we are devoted to building a vibrant content ecosystem that empowers a vast number of broadcasters and content creators across our scalable and advanced technology platform, aiming to attract and engage a larger user base. Thrilled with the growth opportunities in the e-sports area, we will also continue to expand and deepen partnerships with a variety of key players in the e-sports sector in China and across the globe to maximize our content coverage, and in turn further enhance user engagement within our ecosystem."

Mr. Dong concluded, "The second quarter of 2018 was a constructive quarter for Huya as we successfully carried out our core business strategy. With our commitment to enriching content offerings and advancing technological capabilities, we are confident that we are well positioned to capture new monetization opportunities in the long run."