Yahoo Finance HUYA Full Year 2023 Earnings: Revenues Beat Expectations, EPS Lags
HUYA (NYSE:HUYA) Full Year 2023 Results
Key Financial Results
Revenue: CN¥6.99b (down 24% from FY 2022).
Net loss: CN¥204.5m (loss narrowed by 58% from FY 2022).
CN¥0.84 loss per share (improved from CN¥2.02 loss in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
HUYA Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) missed analyst estimates by 25%.
In the last 12 months, the only revenue segment was Internet Information Providers contributing CN¥6.99b. Notably, cost of sales worth CN¥6.18b amounted to 88% of total revenue thereby underscoring the impact on earnings. The largest operating expense was Research & Development (R&D) costs, amounting to CN¥578.6m (46% of total expenses). Over the last 12 months, the company's earnings were enhanced by non-operating gains of CN¥239.1m. Explore how HUYA's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Entertainment industry in the US.
Performance of the American Entertainment industry.
The company's shares are up 1.7% from a week ago.
Risk Analysis
It's still necessary to consider the ever-present spectre of investment risk. We've identified 1 warning sign with HUYA, and understanding it should be part of your investment process.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
