Huya announces Q3 earnings per share of 2 cents, down from 5 cents a year ago.
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 12 2025
0mins
Q3 Revenue Growth: Huya reported Q3 revenue of $237.1 million, a 10% increase from $219.1 million in the same quarter last year.
User Engagement: The average monthly active users (MAUs) for the third quarter reached 162.3 million, indicating strong user engagement.
CEO's Remarks: Junhong Huang, Acting co-CEO, expressed optimism about Huya's growth trajectory, highlighting stabilization in live streaming revenues and growth in game-related services and advertising.
Future Outlook: The company is encouraged by its progress and aims to continue building on its growth in the upcoming quarters.
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Analyst Views on HUYA
Wall Street analysts forecast HUYA stock price to rise
1 Analyst Rating
1 Buy
0 Hold
0 Sell
Moderate Buy
Current: 2.700
Low
3.50
Averages
3.50
High
3.50
Current: 2.700
Low
3.50
Averages
3.50
High
3.50
About HUYA
HUYA Inc is a China-based holding company principally engaged in the operation of game live streaming platforms. The Company cooperates with e-sports event organizers, game developers and publishers to develop e-sports live streaming. Its game contents include gameplay, e-sports tournament events and other e-sports game shows. The Company also offers non-game entertainment content, such as talent shows, anime and outdoor activities. The Company’s platforms include its Huya Live mobile application (app), website www.huya.com, and personal computer (PC) clients. It also develops and operates certain mobile games jointly with third-party distribution platforms, and game-related apps. The Company has also created an interactive online community in which a range of functions are provided for the users, including bullet chatting, real-time commenting and gifting. The Company conducts its businesses in domestic market.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
HUYA Continues $50 Million Share Repurchase Program
- Repurchase Program Continuation: HUYA announced it will continue its 2026 share repurchase program, aiming to buy back up to $50 million of American depositary shares and ordinary shares by March 18, 2028, reflecting the company's confidence in its valuation.
- Market Valuation Reflection: Acting CEO Junhong Huang stated that the current market valuation does not fully reflect the company's progress in expanding its game-related services ecosystem, improving revenue structure, and increasing operational efficiency, indicating potential for future growth.
- Repurchase Flexibility: The company noted that future repurchases will depend on market conditions and other factors, with the timing, frequency, and volume of buybacks at its discretion, allowing for adaptability to market fluctuations.
- New Product Launch: HUYA plans to launch a WeChat mini-game this summer while projecting a non-GAAP operating margin approaching breakeven in Q3 2026, demonstrating the company's proactive approach in new business areas.
See More
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- Repurchase Program Initiated: HUYA Inc. has launched a share repurchase program authorized by its board on March 18, 2026, allowing for up to $50 million in repurchases over a 24-month period, reflecting the company's confidence in its long-term prospects.
- Market Valuation Reflection: Acting CEO Junhong Huang stated that the current market valuation does not fully capture the progress made in expanding the game-related services ecosystem and improving revenue structure, indicating a commitment to disciplined capital allocation.
- Flexible Repurchase Strategy: The company will evaluate the timing, frequency, and volume of share repurchases based on market conditions, ensuring that repurchase activities align with market conditions and applicable laws to sustainably create value for shareholders.
- Strengthening Industry Position: As a leading provider of game-related entertainment and services, HUYA is dedicated to meeting the needs of global gaming enthusiasts through dynamic live streaming and video content, further solidifying its competitive position in the industry.
See More
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- Outstanding Game Services Performance: Game-related services, advertising, and other revenues reached RMB 627 million, up 69% year-over-year, accounting for 36% of total net revenues, which highlights the company's expanding market share in the gaming sector and enhances its competitive edge.
- User Base Expansion: HUYA's estimated reach across external platforms doubled to over 200 million users, establishing itself as the largest gaming MCN on WeChat, further solidifying its influence on social media platforms and indicating potential for future user growth.
- Improved Profitability: Despite a decline in interest income, HUYA achieved a non-GAAP net income of RMB 21 million for Q1, with gross margin rising to 14.6%, demonstrating effective strategies in cost management and revenue mix optimization, with expectations for continued improvement in Q3.
See More
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- Revenue Growth: The company reported Q1 revenue of $250.6 million, reflecting a 14.6% year-over-year increase, although it missed market expectations, showcasing ongoing growth potential in the gaming livestream sector.
- Cash Position: As of March 31, 2026, Huya's cash and cash equivalents, short-term deposits, and long-term deposits totaled RMB 3.4551 billion (approximately $500.9 million), down from RMB 3.8184 billion as of December 31, 2025, highlighting challenges in liquidity management.
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See More
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- Stable Live Streaming Revenue: Live streaming revenues stood at RMB 1.10 billion, slightly down year-over-year, yet the improvement in revenue mix and increased contributions from higher-margin businesses led to a gross margin expansion to 14.6%, laying a solid foundation for future profitability.
- Strong Performance of New Game: The mobile game
See More
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- Surge in Game-Related Services Revenue: Revenues from game-related services, advertising, and other sources increased by 69.4% year-over-year to RMB 627.4 million (approximately USD 91.0 million), demonstrating Huya's significant progress in diversifying its revenue streams.
- Narrowed Operating Loss: The operating loss for Q1 narrowed to RMB 28.8 million (approximately USD 4.2 million), compared to a loss of RMB 59.6 million in the same period of 2025, reflecting the company's effectiveness in cost control and efficiency improvements.
- Strong Non-GAAP Net Income: Non-GAAP net income was RMB 21.1 million (approximately USD 3.1 million), showing potential in profitability despite a year-over-year decline, particularly driven by higher-margin business contributions.
See More
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- Repurchase Program Continuation: HUYA announced it will continue its 2026 share repurchase program, aiming to buy back up to $50 million of American depositary shares and ordinary shares by March 18, 2028, reflecting the company's confidence in its valuation.
- Market Valuation Reflection: Acting CEO Junhong Huang stated that the current market valuation does not fully reflect the company's progress in expanding its game-related services ecosystem, improving revenue structure, and increasing operational efficiency, indicating potential for future growth.
- Repurchase Flexibility: The company noted that future repurchases will depend on market conditions and other factors, with the timing, frequency, and volume of buybacks at its discretion, allowing for adaptability to market fluctuations.
- New Product Launch: HUYA plans to launch a WeChat mini-game this summer while projecting a non-GAAP operating margin approaching breakeven in Q3 2026, demonstrating the company's proactive approach in new business areas.
See More
HUYA Inc. Launches $50 Million Share Repurchase Program
- Repurchase Program Initiated: HUYA Inc. has launched a share repurchase program authorized by its board on March 18, 2026, allowing for up to $50 million in repurchases over a 24-month period, reflecting the company's confidence in its long-term prospects.
- Market Valuation Reflection: Acting CEO Junhong Huang stated that the current market valuation does not fully capture the progress made in expanding the game-related services ecosystem and improving revenue structure, indicating a commitment to disciplined capital allocation.
- Flexible Repurchase Strategy: The company will evaluate the timing, frequency, and volume of share repurchases based on market conditions, ensuring that repurchase activities align with market conditions and applicable laws to sustainably create value for shareholders.
- Strengthening Industry Position: As a leading provider of game-related entertainment and services, HUYA is dedicated to meeting the needs of global gaming enthusiasts through dynamic live streaming and video content, further solidifying its competitive position in the industry.
See More
HUYA Inc. Q1 2026 Earnings Call Insights
- Significant Revenue Growth: HUYA Inc. reported total net revenues of RMB 1.73 billion for Q1 2026, reflecting a 15% year-over-year increase, primarily driven by strong growth in game-related services and advertising, indicating successful diversification of revenue streams.
- Outstanding Game Services Performance: Game-related services, advertising, and other revenues reached RMB 627 million, up 69% year-over-year, accounting for 36% of total net revenues, which highlights the company's expanding market share in the gaming sector and enhances its competitive edge.
- User Base Expansion: HUYA's estimated reach across external platforms doubled to over 200 million users, establishing itself as the largest gaming MCN on WeChat, further solidifying its influence on social media platforms and indicating potential for future user growth.
- Improved Profitability: Despite a decline in interest income, HUYA achieved a non-GAAP net income of RMB 21 million for Q1, with gross margin rising to 14.6%, demonstrating effective strategies in cost management and revenue mix optimization, with expectations for continued improvement in Q3.
See More
Huya Reports Q1 Earnings Beat Expectations
- Earnings Surprise: Huya's Q1 non-GAAP EPS of $0.01 beats expectations by $0.01, indicating a slight improvement in profitability despite overall revenue falling short of forecasts.
- Revenue Growth: The company reported Q1 revenue of $250.6 million, reflecting a 14.6% year-over-year increase, although it missed market expectations, showcasing ongoing growth potential in the gaming livestream sector.
- Cash Position: As of March 31, 2026, Huya's cash and cash equivalents, short-term deposits, and long-term deposits totaled RMB 3.4551 billion (approximately $500.9 million), down from RMB 3.8184 billion as of December 31, 2025, highlighting challenges in liquidity management.
- Share Repurchase Plan: Huya has announced a $50 million share repurchase plan aimed at boosting shareholder confidence and enhancing stock price, reflecting the company's commitment to future growth and shareholder value.
See More
HUYA Reports Strong Q1 2026 Financial Results with Revenue Growth
- Significant Revenue Growth: HUYA's total net revenues for Q1 2026 reached RMB 1.73 billion, a 14.6% year-over-year increase, with game-related services, advertising, and other revenues soaring by 69.4%, showcasing the company's successful transformation into a diversified service provider.
- Stable Live Streaming Revenue: Live streaming revenues stood at RMB 1.10 billion, slightly down year-over-year, yet the improvement in revenue mix and increased contributions from higher-margin businesses led to a gross margin expansion to 14.6%, laying a solid foundation for future profitability.
- Strong Performance of New Game: The mobile game
See More
Huya Reports Strong Q1 2026 Financial Results with Revenue Growth
- Significant Revenue Growth: Huya's total net revenues for Q1 2026 reached RMB 1,728.4 million (approximately USD 250.6 million), marking a 14.6% year-over-year increase, indicating strong performance in the game-related services sector.
- Surge in Game-Related Services Revenue: Revenues from game-related services, advertising, and other sources increased by 69.4% year-over-year to RMB 627.4 million (approximately USD 91.0 million), demonstrating Huya's significant progress in diversifying its revenue streams.
- Narrowed Operating Loss: The operating loss for Q1 narrowed to RMB 28.8 million (approximately USD 4.2 million), compared to a loss of RMB 59.6 million in the same period of 2025, reflecting the company's effectiveness in cost control and efficiency improvements.
- Strong Non-GAAP Net Income: Non-GAAP net income was RMB 21.1 million (approximately USD 3.1 million), showing potential in profitability despite a year-over-year decline, particularly driven by higher-margin business contributions.
See More
