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Yala (YALA.US) reported Q2 revenue above expectations, up 11% YoY.

AInvestMonday, Aug 12, 2024 7:30 pm ET
1min read

WeChat Finance learned that Yala Tech (YALA.US) released its second quarter financial performance. The data shows that the Q2 revenue grew 2.5% YoY to $81.2 million, which is higher than the market expectation of $79 million. The non-GAAP diluted earnings per share was $0.19, flat YoY. The net income was $31.4 million, up 10.9% YoY.

By business, the revenue of chat service business was $54.9 million, and the revenue of game service business was $26.2 million. The non-GAAP net income was $35.2 million, up 4.4% YoY.

The average monthly active users (MAU) was 39 million, up 14.1% YoY. The number of paid users was 12 million, down 10.3% YoY. For the third quarter of 2024, Yala Tech currently expects revenue to be between $75 million and $82 million.

After the performance was released, Yala Tech's stock price rose 2.33% after hours to $3.95 at the time of writing.

Disclaimer: the above is a summary showing certain market information. AInvest is not responsible for any data errors, omissions or other information that may be displayed incorrectly as the data is derived from a third party source. Communications displaying market prices, data and other information available in this post are meant for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any security. Please do your own research when investing. All investments involve risk and the past performance of a security, or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk, it does not assure a profit, or protect against loss in a down market.