Stock Track | Yalla Group Soars After-Hours on Q3 Revenue Beat

Stock Track

2024-11-12

Shares of Yalla Group Ltd. (NYSE: YALA), a leading voice-centric social networking and entertainment platform in the Middle East and North Africa, surged in after-hours trading on Friday, November 11th, 2024, following the release of the company's third-quarter financial results.

The Dubai-based company reported quarterly revenue of $88.92 million, beating analysts' consensus estimate of $82.79 million by 7.4%. The top-line figure also represented a 4.38% year-over-year increase, driven by continued growth in Yalla Group's user base and engagement levels.

While Yalla Group's adjusted earnings per share came in at $0.24, details on the company's profitability relative to Wall Street expectations were not immediately available. Nevertheless, investors cheered the better-than-expected revenue performance, sending the stock soaring by 7.87% in after-hours trading.

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(NYSE: YALA), a leading voice-centric social networking and entertainment platform in the Middle East and North Africa, surged in after-hours trading on Friday, November 11th, 2024, following the release of the company's third-quarter financial results.</p>\n\n<p>The Dubai-based company reported quarterly revenue of $88.92 million, beating analysts' consensus estimate of $82.79 million by 7.4%. The top-line figure also represented a 4.38% year-over-year increase, driven by continued growth in Yalla Group's user base and engagement levels.</p>\n\n<p>While Yalla Group's adjusted earnings per share came in at $0.24, details on the company's profitability relative to Wall Street expectations were not immediately available. 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