Stock Track | HUYA Plummets 13.89% Pre-market on Disappointing Q4 2024 Results and Missed Expectations

Stock Track

18 Mar

Shares of Huya Inc. (NYSE: HUYA) plummeted 13.89% in pre-market trading on Tuesday following the release of its fourth-quarter 2024 financial results. The Chinese live game streaming platform reported disappointing earnings and missed analyst revenue estimates, raising significant concerns about the company's financial health and growth prospects.

HUYA reported revenue of RMB 1,495.827 million (US$210.7 million) for the fourth quarter, representing a 2.3% decrease from the same period last year and falling short of the analyst consensus estimate of RMB 1,526.88 million. The company posted a net loss of RMB 172.203 million (US$24.3 million), with basic and diluted net loss per American Depositary Share (ADS) of RMB 0.75 (US$0.10). While HUYA managed to report a non-GAAP net income per ADS of RMB 0.01, it was significantly below the FactSet analyst expectations of RMB 0.27.

The stark market reaction reflects investor concerns over HUYA's financial performance and its ability to navigate the competitive Chinese gaming and live-streaming market. The widening operating loss of RMB 92.692 million (US$13.1 million) and increased operating expenses of RMB 267.165 million further contributed to the negative sentiment. As HUYA struggles to maintain growth and profitability, investors are reassessing the company's long-term prospects, leading to the substantial pre-market decline in its stock price.

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(NYSE: HUYA) plummeted 13.89% in pre-market trading on Tuesday following the release of its fourth-quarter 2024 financial results. The Chinese live game streaming platform reported disappointing earnings and missed analyst revenue estimates, raising significant concerns about the company's financial health and growth prospects.</p>\n\n<p>HUYA reported revenue of RMB 1,495.827 million (US$210.7 million) for the fourth quarter, representing a 2.3% decrease from the same period last year and falling short of the analyst consensus estimate of RMB 1,526.88 million. The company posted a net loss of RMB 172.203 million (US$24.3 million), with basic and diluted net loss per American Depositary Share (ADS) of RMB 0.75 (US$0.10). 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As HUYA struggles to maintain growth and profitability, investors are reassessing the company's long-term prospects, leading to the substantial pre-market decline in its stock price.</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | HUYA Plummets 13.89% Pre-market on Disappointing Q4 2024 Results and Missed Expectations</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | HUYA Plummets 13.89% Pre-market on Disappointing Q4 2024 Results and Missed Expectations\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1086803395\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock Track </p>\n<p class=\"h-time\">2025-03-18 21:39</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Shares of Huya Inc. (NYSE: HUYA) plummeted 13.89% in pre-market trading on Tuesday following the release of its fourth-quarter 2024 financial results. The Chinese live game streaming platform reported disappointing earnings and missed analyst revenue estimates, raising significant concerns about the company's financial health and growth prospects.</p>\n\n<p>HUYA reported revenue of RMB 1,495.827 million (US$210.7 million) for the fourth quarter, representing a 2.3% decrease from the same period last year and falling short of the analyst consensus estimate of RMB 1,526.88 million. The company posted a net loss of RMB 172.203 million (US$24.3 million), with basic and diluted net loss per American Depositary Share (ADS) of RMB 0.75 (US$0.10). While HUYA managed to report a non-GAAP net income per ADS of RMB 0.01, it was significantly below the FactSet analyst expectations of RMB 0.27.</p>\n\n<p>The stark market reaction reflects investor concerns over HUYA's financial performance and its ability to navigate the competitive Chinese gaming and live-streaming market. The widening operating loss of RMB 92.692 million (US$13.1 million) and increased operating expenses of RMB 267.165 million further contributed to the negative sentiment. As HUYA struggles to maintain growth and profitability, investors are reassessing the company's long-term prospects, leading to the substantial pre-market decline in its stock price.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"HUYA","symbol_name":"虎牙","start_time":0,"source_url":"","article_id":"1173090083","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1173090083","pubTimestamp":1742305152,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of Huya Inc.  plummeted 13.89% in pre-market trading on Tuesday following the release of its fourth-quarter 2024 financial results. The Chinese live game streaming platform reported disappointing earnings and missed analyst revenue estimates, raising significant concerns about the company's financial health and growth prospects.HUYA reported revenue of RMB 1,495.827 million  for the fourth quarter, representing a 2.3% decrease from the same period last year and falling short of the analys","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"HUYA":"虎牙"},"translate_title":"股票赛道虎牙因2024年第四季度业绩令人失望且未达预期而盘前暴跌13.89%","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"HUYA":1},"content_text":"Shares of Huya Inc. (NYSE: HUYA) plummeted 13.89% in pre-market trading on Tuesday following the release of its fourth-quarter 2024 financial results. The Chinese live game streaming platform reported disappointing earnings and missed analyst revenue estimates, raising significant concerns about the company's financial health and growth prospects.\nHUYA reported revenue of RMB 1,495.827 million (US$210.7 million) for the fourth quarter, representing a 2.3% decrease from the same period last year and falling short of the analyst consensus estimate of RMB 1,526.88 million. The company posted a net loss of RMB 172.203 million (US$24.3 million), with basic and diluted net loss per American Depositary Share (ADS) of RMB 0.75 (US$0.10). While HUYA managed to report a non-GAAP net income per ADS of RMB 0.01, it was significantly below the FactSet analyst expectations of RMB 0.27.\nThe stark market reaction reflects investor concerns over HUYA's financial performance and its ability to navigate the competitive Chinese gaming and live-streaming market. The widening operating loss of RMB 92.692 million (US$13.1 million) and increased operating expenses of RMB 267.165 million further contributed to the negative sentiment. As HUYA struggles to maintain growth and profitability, investors are reassessing the company's long-term prospects, leading to the substantial pre-market decline in its stock price.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":1}}}