BofA cuts rating on Huya on slow macro, regulatory pressures for core live-streaming biz

seekingalpha11-07

Marko Geber/DigitalVision via Getty Images Bank of America downgraded China's Huya (NYSE:HUYA) to "neutral," saying its core live-streaming business continues to see weakness amid macro slowdown and ...

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Shares of the company closed 6% lower on Wednesday on the NYSE. The ratings firm said it sees any additional dividend in the near term and views potential M&A opportunities as upside risks for the company. It also noted that positive shareholder return is largely priced in its valuation and hence do not expect any further special dividend any time soon. \"We see Huya’s live-streaming business showing further impact on macro slowdown amid the tightened regulatory environment. ARPU is likely to see QoQ decline in 2H24 due to conservative spending of different user groups. 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