Yalla Group Ltd QTRLY Earnings Per Share $0.11 From Continued Operations

Tiger Newspress2021-05-11

Yalla Group Limited ("Yalla" or the "Company") (NYSE: YALA), the leading voice-centric social networking and entertainment platform in theMiddle East andNorth Africa (MENA), today announced its unaudited financial results for the first quarter endedMarch 31, 2021.

First Quarter EndedMarch 31, 2021 Financial and Operating Highlights

Revenues wereUS$67.6 million in the first quarter of 2021, representing an increase of 221.0% from the first quarter of 2020.
- Revenues generated from chatting services in the first quarter of 2021 wereUS$54.8 million.
- Revenues generated from games services in the first quarter of 2021 wereUS$12.8 million.
Net incomewasUS$19.8 million in the first quarter and net margin was 29.3%, representing an increase of 114.6% from the first quarter of 2020.
Non-GAAP net income[1] wasUS$33.6 million in the first quarter, representing an increase of 263.7% from the first quarter of 2020. Non-GAAP net margin was 49.7% in the first quarter of 2021.
Average MAUs[2] increased by 206.9% to 18.8 million in the first quarter of 2021 from 6.1 million in the first quarter of 2020.
The number of paying users[3] on our platform increased by 260.4% to 5.8 million in the first quarter of 2021 from 1.6 million in the first quarter of 2020.

Yalla shares surges more than 6% in after hour trading.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

Alykrunch
2021-05-18
Alykrunch
Is this good news to hold or buy more?
James007tan
2021-05-11
James007tan
??
WEIJIETAN
2021-05-11
WEIJIETAN
hi
Karenyong
2021-05-11
Karenyong
Tell me your opinion about this news...
Soksok
2021-05-11
Soksok
Good
Karenyong
2021-05-11
Karenyong
Tell me your opinion about this news...

Leave a comment

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