----------- ----------- ----------- --------- ----------- ----------- -------------
Net income
attributable to
HUYA Inc. 10,543 29,602 23,613 3,364 70,452 124,248 17,706
----------- ----------- ----------- --------- ----------- ----------- -------------
Net income
attributable to
ordinary
shareholders 10,543 29,602 23,613 3,364 70,452 124,248 17,706
----------- ----------- ----------- --------- ----------- ----------- -------------
HUYA INC.
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (CONTINUED)
(All amounts in thousands, except share, ADS, per share data and per ADS data)
Three Months Ended Nine Months Ended
September June 30, September September September September September 30,
30, 2023* 2024 30, 2024 30, 2024 30, 2023* 30, 2024 2024
----------- ----------- ----------- ----------- ----------- ----------- -------------
RMB RMB RMB US$ RMB RMB US$
Net income per
ADS**
--Basic 0.04 0.13 0.10 0.01 0.29 0.54 0.08
--Diluted 0.04 0.13 0.10 0.01 0.29 0.53 0.08
Net income per
ordinary share
--Basic 0.04 0.13 0.10 0.01 0.29 0.54 0.08
--Diluted 0.04 0.13 0.10 0.01 0.29 0.53 0.08
Weighted
average number
of ADS used in
calculating
net income per
ADS
--Basic 244,651,286 231,022,644 231,366,502 231,366,502 243,736,441 231,852,981 231,852,981
--Diluted 246,437,179 234,167,978 232,948,154 232,948,154 246,529,235 234,514,598 234,514,598
* HUYA Inc. Unaudited Condensed Consolidated Statements of Operations for three months ended September 30,
2023 and nine months ended September 30, 2023 have been retrospectively adjusted due to the business
combination under common control as stated in footnote 1 of this press release.
** Each ADS represents one Class A ordinary share.
(1) Share-based compensation was allocated in cost of revenues and operating expenses as follows:
Three Months Ended Nine Months Ended
June
September 30, September September September September September
30, 2023 2024 30, 2024 30, 2024 30, 2023 30, 2024 30, 2024
--------- ----- --------- --------- --------- --------- ---------
RMB RMB RMB US$ RMB RMB US$
Cost of revenues 2,543 4,492 3,521 502 16,154 12,298 1,752
Research and
development
expenses 7,296 7,873 5,497 783 40,133 20,986 2,990
Sales and
marketing
expenses 651 446 171 24 2,594 983 140
General and
administrative
expenses (68) 4,573 4,014 572 19,000 12,855 1,832
HUYA INC.
UNAUDITED RECONCILIATIONS OF GAAP AND NON-GAAP RESULTS
(All amounts in thousands, except share, ADS, per share data and per ADS data)
Three Months Ended Nine Months Ended
September June 30, September September September September September 30,
30, 2023* 2024 30, 2024 30, 2024 30, 2023* 30, 2024 2024
----------- ----------- ----------- ----------- ----------- ----------- -------------
RMB RMB RMB US$ RMB RMB US$
Gross profit 242,842 214,872 203,574 29,008 799,994 638,991 91,055
Share-based
compensation
expenses
allocated in
cost of
revenues 2,543 4,492 3,521 502 16,154 12,298 1,752
----------- ----------- ----------- ----------- ----------- ----------- -------------
Non-GAAP gross
profit 245,385 219,364 207,095 29,510 816,148 651,289 92,807
----------- ----------- ----------- ----------- ----------- ----------- -------------
Operating loss (31,576) (26,037) (32,331) (4,608) (121,325) (96,884) (13,806)
Share-based
compensation
expenses 10,422 17,384 13,203 1,881 77,881 47,122 6,714
Amortization of
intangible
assets from
business
acquisitions 5,993 5,941 5,937 846 17,605 17,808 2,538
----------- ----------- ----------- ----------- ----------- ----------- -------------
Non-GAAP
operating loss (15,161) (2,712) (13,191) (1,881) (25,839) (31,954) (4,554)
----------- ----------- ----------- ----------- ----------- ----------- -------------
Net income
attributable to
HUYA Inc. 10,543 29,602 23,613 3,364 70,452 124,248 17,706
Impairment loss
of investments 80,774 45,079 36,298 5,172 145,889 81,377 11,596
Share-based
compensation
expenses 10,422 17,384 13,203 1,881 77,881 47,122 6,714
Amortization of
intangible
assets from
business
acquisitions,
net of income
taxes 4,974 4,931 4,928 702 14,612 14,781 2,106
Non-GAAP net
income
attributable to
HUYA Inc. 106,713 96,996 78,042 11,119 308,834 267,528 38,122
----------- ----------- ----------- ----------- ----------- ----------- -------------
Net income
attributable to
ordinary
shareholders 10,543 29,602 23,613 3,364 70,452 124,248 17,706
Impairment loss
of investments 80,774 45,079 36,298 5,172 145,889 81,377 11,596
Share-based
compensation
expenses 10,422 17,384 13,203 1,881 77,881 47,122 6,714
Amortization of
intangible
assets from
business
acquisitions,
net of income
taxes 4,974 4,931 4,928 702 14,612 14,781 2,106
Non-GAAP net
income
attributable to
ordinary
shareholders 106,713 96,996 78,042 11,119 308,834 267,528 38,122
----------- ----------- ----------- ----------- ----------- ----------- -------------
Non-GAAP net
income per
ordinary share
--Basic 0.44 0.42 0.34 0.05 1.27 1.15 0.16
--Diluted 0.43 0.41 0.34 0.05 1.25 1.14 0.16
Non-GAAP net
income per ADS
--Basic 0.44 0.42 0.34 0.05 1.27 1.15 0.16
--Diluted 0.43 0.41 0.34 0.05 1.25 1.14 0.16
Weighted average
number of ADS
used in
calculating
Non-GAAP net
income per
ADS
--Basic 244,651,286 231,022,644 231,366,502 231,366,502 243,736,441 231,852,981 231,852,981
--Diluted 246,437,179 234,167,978 232,948,154 232,948,154 246,529,235 234,514,598 234,514,598
* HUYA Inc. Unaudited Reconciliations of GAAP and Non-GAAP Results for three months ended September 30, 2023
and nine months ended September 30, 2023 have been retrospectively adjusted due to the business combination
under common control as stated in footnote 1 of this press release.
View original content:https://www.prnewswire.com/news-releases/huya-inc-reports-third-quarter-2024-unaudited-financial-results-302302343.html
SOURCE HUYA Inc.
(END) Dow Jones Newswires
November 12, 2024 05:00 ET (10:00 GMT)