#China #Guangzhou #Gaming Industry #HUYA Inc. #Goose Goose Duck

HUYA Inc. Reports First Quarter 2026 Financial Results

HUYA Inc. has released its financial results for the first quarter of 2026, showcasing significant growth in net revenues and a narrowing of operating losses compared to the previous year. The company reported total net revenues of RMB 1,728.4 million (approximately US$250.6 million), reflecting a 14.6% increase from RMB 1,508.6 million for the same period in 2025.

A key driver of this growth was the company's game-related services and advertising revenues, which soared by 69.4% to RMB 627.4 million (around US$91.0 million). This boost is attributed to a rise in in-game item sales and the success of their advertising solutions for leading gaming companies. Notably, HUYA's transformative approach into offering comprehensive gaming services is gaining traction within the market.

Operating losses were minimized to RMB 28.8 million (approximately US$4.2 million) from RMB 59.6 million in Q1 2025, indicating effective cost management and revenue growth strategies. The company’s non-GAAP operating loss also improved to RMB 2.7 million compared to RMB 35.6 million for the prior year. The net loss attributable to HUYA stood at RMB 4.1 million (or US$0.6 million) for Q1 2026, down from a net income of RMB 0.9 million in Q1 2025.

"Huya has remained resilient in reporting strong figures this quarter, noting our restructuring into a diversified services provider in the gaming sector," stated Mr. Junhong Huang, Acting CEO of HUYA. He highlighted that their game Goose Goose Duck mobile reached the Top 5 on the Apple App Store's top-grossing games chart in China, suggesting a strong monetization potential for the title.

Operationally, the company has made headway with in-game item sales and has broadened its content-driven advertising services, which continue to attract high-profile game developers wanting integrated marketing solutions. Looking ahead, HUYA is optimistic about leveraging its new game titles slated for release, further building on its positive momentum.

Mr. Raymond Peng Lei, CFO of HUYA, emphasized the steady growth trajectory the company is maintaining, combined with enhanced earnings potential stemming from diversification into higher-margin services. HUYA's gross margin rose to 14.6%, a notable increase from 12.5% in Q1 2025, signifying improved operational efficiencies.

Financial Overview

• - Total Net Revenues: RMB 1,728.4 million (US$250.6 million), +14.6% YoY
• - Game-Related Services & Advertising Revenues: RMB 627.4 million (US$91.0 million), +69.4% YoY
• - Operating Loss: RMB 28.8 million (US$4.2 million), narrowed from RMB 59.6 million
• - Net Loss Attributable: RMB 4.1 million (US$0.6 million)
• - Gross Margin: 14.6%, an increase from 12.5% in 2025

In addition to these growth figures, HUYA continues to enhance its user engagement by fostering collaborations within the gaming ecosystem and investing in content that resonates with audiences. The company's prudent approach towards fiscal management while pursuing growth opportunities positions it favorably in an evolving market.

This financial report emphasizes HUYA's robust ability to adapt within the competitive gaming landscape, reflecting a commitment to delivering long-term shareholder value while meeting the expectations of its thriving user community. For further details, HUYA will host a earnings webinar on May 12, 2026, where they will elaborate on their financial performance and strategic direction moving forward.

About HUYA Inc.

HUYA Inc. is a prominent provider of gaming entertainment and services, recognized for its live streaming and video content delivery. The company is poised to expand its footprint further in both domestic and international markets, leveraging innovative game-related services and a commitment to enhancing user engagement.

For more information, visit HUYA's Investor Relations Page.