HUYA - What's Going On With HUYA Shares Today? | Benzinga
HUYA Inc (NYSE:HUYA) shares are trading lower after it reported fourth-quarter FY23 revenue of $215.5 million, beating the consensus of $210.04 million.
The Chinese game live-streaming platform’s adjusted loss per ADS of $(0.11) was better than the consensus loss of $(0.12).
Live streaming revenues declined to RMB1.34 billion ($189.2 million) from RMB1.98 billion the prior year quarter, owing to the soft macro and industry environment and proactive business adjustments.
Meanwhile, advertising and other revenues increased by 40.5% Q/Q and 29.2% Y/Y to $26.2 million, led by game advertising and distribution revenue growth.