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HUYA's Revenue Soars, Losses Narrow on Game Services
11 Aug
Summary
- HUYA reported Q2 2026 revenue growth of 11% year over year.
- Game-related services, advertising, and other revenues surged 54%.
- Operating loss narrowed significantly to RMB7 million in Q2 2026.
HUYA reported robust financial results for the second quarter of 2026, showcasing a notable 11% year-over-year increase in total net revenue, reaching RMB1.74 billion.
The company's strategic pivot towards higher-margin game-related services, advertising, and other revenue streams proved effective. These segments collectively grew by an impressive 54%, contributing approximately 37% to the total revenue and lifting the gross margin to 14.7%.
This favorable revenue mix, coupled with focused promotion of its mobile game "Goose Goose Duck Mobile," led to a significant reduction in operating loss, which narrowed to RMB7 million from RMB24 million in the prior-year quarter.
Despite a decline in live-streaming revenue, HUYA's diversified strategy yielded positive outcomes, including a net income of RMB1.6 million compared to a net loss in the previous year. The company maintained a healthy cash position, with RMB3.21 billion in cash and equivalents as of June 30, 2026.
