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home / news releases / huya focus on strategic pivot and share repurchases

HUYA - HUYA: Focus On Strategic Pivot And Share Repurchases

HUYA Inc. American depositary shares each representing one Class A

2024-06-03 10:28:58 ET

Summary

  • HUYA's pivot towards game-related services is progressing well as evidenced by the +138% YoY increase in this business' revenue for Q1.
  • The company has spent close to $20 million on buybacks for each of the last two quarters, and I estimate a high-single digit percentage potential buyback yield for HUYA.
  • I retain a Buy rating for HUYA, following an analysis of the company's share repurchases and strategic pivot.

Elevator Pitch

HUYA Inc. ( HUYA ) stock is awarded a Buy investment rating. With my earlier March 20, 2024 update , I assessed HUYA's financial performance for the fourth quarter of last year....

For further details see:

HUYA: Focus On Strategic Pivot And Share Repurchases
Stock Information
Company Name: HUYA Inc. American depositary shares each representing one Class A
Stock Symbol: HUYA
Market: NYSE
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