China's HUYA reports marginally higher Q2 revenue, but swings to loss

HUYA

12/08/2025 09:43

Overview

HUYA Q2 2025 total net revenues rose slightly to RMB1,567.1 mln

However, it reported net loss of RMB5.5 mln, compared to net income last year

Game-related services and advertising revenues increased significantly year-over-year

Outlook

Company focuses on strategic expansion and strengthening industry partnerships

HUYA emphasizes growth in game-related services and advertising revenues

Company sees live streaming revenues starting to stabilize

HUYA aims to deliver sustainable long-term value to shareholders

Result Drivers

STRATEGIC TRANSFORMATION - HUYA's shift from live streaming to game-related services and entertainment drove revenue growth, per CEO Junhong Huang

COOPERATION WITH TENCENT - Increased game-related services and advertising revenues attributed to deepened cooperation with Tencent and other game companies

CROSS-PLATFORM STRATEGY - HUYA's cross-platform strategy led to an average of 162 mln monthly active users, expanding reach and monetization opportunities

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
RMB 1.57 bln
Q2 Net Income
-RMB 5.49 mln
Q2 Gross Profit
RMB 212.32 mln
Q2 Operating Expenses
-RMB 243.60 mln
Q2 Operating Income
-RMB 23.70 mln
Q2 Pretax Profit
RMB 3.26 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 7 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the online services peer group is "buy"

Wall Street's median 12-month price target for HUYA Inc is $4.00, about 17.3% above its August 11 closing price of $3.31

The stock recently traded at 24 times the next 12-month earnings vs. a P/E of 16 three months ago

Press Release: ID:nPn9S6ZFga

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)