Huya Inc ADR (HUYA) said before open Tuesday that it lost $0.26 per share in quarter four 2022. The company reported earnings on an adjusted basis, so it may not be directly comparable to analyst estimates or prior periods.
On the revenue line, the company reported $304.8 million, missing estimates by $130 thousand.
In the same quarter a year ago, the company lost $0.16 per share on revenue of $440.8 million.
The stock is down 15.31% to $3.32 after the report.
Despite Huya Inc ADR reporting a decline in revenues, earnings increased signaling a rise in profit margins.
The average recommendation from Wall Street analysts was a Hold which may get revised based on this new data.
InvestorsObserver gives the stock a Bullish Sentiment score at the moment based on recent trading.
Prior to the report, InvestorsObserver gave the stock an overall score of 61. Meanwhile, the average Wall Street analyst rated the stock a Hold.
Established in 2011, Huya is the largest online game livestreaming company in China. Headquartered in Guangzhou, Huya mainly provides livestreamed videos on esports games such as League of Legends and Honor of Kings and collects virtual tips from viewers. Its products include the Huya Live platform in China and Nimo TV in Southeast Asia and South America. As of the end of 2021, Huya was a subsidiary of Tencent, which owned 47% of its equity stake and held 70% of the voting power.
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Huya Inc ADR Down 15.31% To $3.32 After Earnings Beat
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