By Elias Schisgall

Shares of Huya were up after the company launched a $50 million stock-buyback program.

Shares were up 8.7% to $3.43 as of midday Wednesday. The stock is down 7.7% over the past year.

The Chinese video-game entertainment-and-services company said Wednesday that its board of directors had authorized a new stock-buyback program for up to $50 million worth of ordinary shares or American depositary shares.

The authorization expires March 18, 2028, the company said.

The news followed Huya's Tuesday announcement that it would pay a special dividend for the year of 13.5 cents a share or ADS. The dividend will cost about $31 million in total, funded using surplus cash, and will be paid on or around June 30 to shareholders of record as of June 17, the company said.

The company on Tuesday also reported a fourth-quarter loss of 117.6 million Chinese yuan ($16.8 million), or CNY0.51 a share, compared with a loss of CNY172.2 million, or CNY0.75 a share, a year earlier. On an adjusted basis, the loss was CNY0.04 a share.

Total net revenue rose to CNY1.74 billion, up from CNY1.5 billion a year earlier, and in line with the estimates of analysts polled by FactSet.

Write to Elias Schisgall at elias.schisgall@wsj.com

(END) Dow Jones Newswires

March 18, 2026 13:34 ET (17:34 GMT)

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