YALA News & Events

With earnings season mostly in the rearview mirror outside of Nvidia'sQ1 results this week, the macro component has returned to dominate the market narrative, and the global "rate shock" is clearly weighing on sentiment.  US 10-year Treasury Note yield closed above 4.6% for the first time since early 2025 and the 30-year reached 5.15% - both up by over 50 basis points from late February just before the start of the Iran war - as markets continue to fret over stagflation backdrop, sending major indices in the red for much of the day.Similar to Friday, Monday's notable rotation away from the AI disruption trade continued as Semiconductors were largely lower while Software names saw some notable dip-buying.  Names like Cognizant, ServiceNow, and EPAM Systemswere among the leaders in the S&P 500. In turn, the AI infrastructure buildout "winners" like Micronand Sandiskwere among the 10 weakest stocks in the benchmark.In the opening hour of the evening session, U.S. equity futures are modestly higher, with traders responding to the latest Truth Social post from President Trump announcing a delay to resumption of strikes by US military on Iranian infrastructure with hopes for a deal that addresses Tehran's nuclear ambitions.  S&P e-minis and Nasdaq 100 contracts are up about 0.2% while July WTI Crude Oil is down 2% below $102.50 per barrel.Check out this evening's top movers from around Wall Street, compiled by The Fly.HIGHER AFTER EARNINGS -Agilysysup 13.6%ALSO HIGHER -Penguin Solutionsup 3.5% after naming David Heard, President of Network Infrastructure at Nokia, to BoardNomad Foodsup 1.6% after insider buyDOWN AFTER EARNINGS -XP Inc.down 5.1%Bally's Corporationdown 2.5%Yalla Groupdown 2.5%ALSO LOWER -Compugendown 3.5% after equity offering

Reports Q1 revenue $79.01M vs. $83.88M last year. Average monthly active users increased by 7.7% to 48M in Q1. The number of paying users was 10.5M in the first quarter of 2026, compared with 11.8M in the first quarter of 2025. "We delivered resilient first quarter results despite the shifting macro environment and the impact of Ramadan," said Mr. Tao Yang, Founder, chairman and CEO of Yalla. "Refined operations and strong execution of focused market strategies drove a 7.7% year-over- year increase in average MAUs to 48 million, a notable uptick demonstrating our growing reach and deepening user engagement. Our core product ecosystem performed steadily, while our gaming business reinforced its position as the Company's key growth engine. We continued to invest in our mid- and hard-core games, with the official launch of our SLG game garnering encouraging early feedback and our match-3 game, Turbo Match, progressing smoothly."

S&P 500 futures staged a rip-roaring 100 point rally in the final hour of Monday's trading above 6,815 following CBS News headlines relating that President Trump deems the Iran war to be largely over, with Tech - particularly Semis and Hardware - ending the day as the best sector in the index.  Speaking to reporters this evening however, Trump has seemingly walked back the rhetoric interpreted as de-escalation with remarks that while he expects the war to be over soon, this will not happen this week.   In the opening hour of the evening session, the S&P 500 contract is down 0.3%, back below 6,800 mark, with Nasdaq 100 futures also falling back by 0.3% below the 25,000 level.The headline-roulette volatility was similarly apparent in the energy market, as WTI Crude Oil futures had fallen all the way down to $81 per barrel on the initial reports of Trump comments on Iran.  The evening session is seeing the contract trade north of $88.On Tuesday, traders will still tune in to CPI data, albeit the February release has been made less relevant by the stagflationary threat brought on by the Middle East escalation and oil markets shock uncorked last weekend.Check out this evening's top movers from around Wall Street, compiled by The Fly.HIGHER AFTER EARNINGS -HP Enterpriseup 1.1%ALSO HIGHER -Joby Aviationup 3.1% after announcement company will begin U.S. Operations in 2026 under White House Air Taxi ProgramDOWN AFTER EARNINGS -FreightCar Americadown 19.6%Myomodown 11.3%Yalla Groupdown 9.0%Yextdown 4.1%Casey's General Storesdown 2.2%Vail Resortsdown 1.2%ALSO LOWER -Diversified Energy Companydown 2.1% after equity offering

Yalla "announced that its board of directors has authorized a new share repurchase program under which the Company may repurchase up to $150 million worth of its outstanding (i) American depositary shares, each representing one Class A ordinary share, and/or (ii) Class A ordinary shares over the next 24 months starting from March 9, 2026."