SOURCE / COMPANIES
Huya profits from rising demand for game live streaming
Published: Mar 22, 2022 11:34 PM
Huya.com exhibits at China Beijing International Audiovisual Conference on November 19, 2020. Photo: CFP

Huya.com exhibits at China Beijing International Audiovisual Conference on November 19, 2020. Photo: CFP


Huya Inc, a leading game live streaming platform in China, has reported an increase in monthly active users (MAU), showing its expanding user base. 

Huya's total net revenues for the 2021 fiscal year grew to 11.35 billion yuan ($1.78 billion), an increase of 4.0 percent from a year earlier, according to the financial results posted on Tuesday.

In the fourth quarter of 2021, its total net revenue was 2.81 billion yuan, and the average mobile MAU hit a record-breaking level of 85.4 million, up 7.4 percent year-on-year. 

During the fourth quarter of 2021, it broadcasted 125 licensed e-sports tournaments, generating total viewership of approximately 605 million. In particular, the Worlds 2021 received record-high viewership on the platform, with viewer numbers doubling from 2020. 

CEO Dong Rongjie said the company will focus on enriching the quality and diversity of content, cultivating content creators, and advancing technology and product innovations. 

Douyu, another game-centric live streaming platform in China, also posted its latest quarterly results on March 16, 2022. 

Douyu has recorded a net loss for five consecutive quarters, and its net loss for the full year of 2021 stood at 620.2 million yuan, compared with net income of 404.7 million yuan in the same period.