Quarterly ResultMay 12, 2026, 06:17 AM
Huya Q1 2026 Total Net Revenues +14.6% to $250.6M; Operating Loss Narrows
AI Summary
HUYA Inc. reported a 14.6% year-over-year increase in total net revenues to $250.6 million for the first quarter of 2026, driven by a significant 69.4% rise in game-related services, advertising, and other revenues. The company successfully narrowed its operating loss to $4.2 million and its non-GAAP operating loss to $0.4 million. However, it recorded a net loss attributable to HUYA Inc. of $0.6 million, compared to a net income in the prior year, while non-GAAP net income was $3.1 million.
Key Highlights
- Total net revenues increased by 14.6% year-over-year to $250.6 million (RMB1,728.4 million) for Q1 2026.
- Game-related services, advertising, and other revenues grew 69.4% year-over-year to $91.0 million (RMB627.4 million).
- Operating loss narrowed to $4.2 million (RMB28.8 million) for Q1 2026, from $8.6 million (RMB59.6 million) in Q1 2025.
- Non-GAAP operating loss narrowed to $0.4 million (RMB2.7 million) from $5.2 million (RMB35.6 million) in Q1 2025.
- Net loss attributable to HUYA Inc. was $0.6 million (RMB4.1 million), compared to a net income of $0.1 million (RMB0.9 million) in Q1 2025.
- Non-GAAP net income attributable to HUYA Inc. was $3.1 million (RMB21.1 million) for Q1 2026.
- Gross profit increased by 34.3% to $36.7 million (RMB253.2 million), with gross margin expanding to 14.6%.
- Cash and cash equivalents, short-term and long-term deposits totaled $500.9 million (RMB3,455.1 million) as of March 31, 2026.