Jul. 22 at 9:29 AM
$HUYA Wait—this Q1 comparison is actually pretty surprising.
HUYA revenue: +14.6% YoY
$DOYU revenue: -13.2% YoY
$BILI mobile-game revenue: -12% YoY
Not a perfect apples-to-apples comparison, but HUYA’s direction stands out. Game-related services, advertising and other revenue surged 69.4% and now represent 36.3% of the business.
Now HUYA has another test coming: it will exclusively publish The Legend of Swordman: Reunion in mainland China, followed by Q2 earnings on August 11.
The next report isn’t only about livestreaming. It could show whether publishing, in-game item sales and advertising are becoming a repeatable growth engine.
