News Classic

Companies Reporting Before The Bell

• UP Fintech Holding TIGR is likely to report quarterly earnings at $0.13 per share on revenue of $98.00 million.

• PLDT PHI is likely to report earnings for its third quarter.

• AstraZeneca AZN is expected to report quarterly earnings at $1.03 per share on revenue of $13.09 billion.

• Belite Bio BLTE is projected to report earnings for its third quarter.

• Flex LNG FLNG is projected to report earnings for its third quarter.

• Sohu.com SOHU is likely to report earnings for its third quarter.

• Aemetis AMTX is projected to report quarterly loss at $0.42 per share on revenue of $75.76 million.

• Hudson Glb HSON is likely to report quarterly earnings at $0.00 per share on revenue of $45.37 million.

• InspireMD NSPR is likely to report quarterly earnings at $0.00 per share on revenue of $1.74 million.

• Mosaic MOS is estimated to report quarterly earnings at $0.54 per share on revenue of $3.17 billion.

• Shoals Technologies Gr SHLS is projected to report quarterly earnings at $0.10 per share on revenue of $98.70 million.

• Sila Realty Trust SILA is estimated to report quarterly earnings at $0.54 per share on revenue of $46.38 million.

• Heron Therapeutics HRTX is estimated to report quarterly loss at $0.03 per share on revenue of $36.93 million.

• Exagen XGN is estimated to report quarterly loss at $0.29 per share on revenue of $13.56 million.

• Motorcar Parts of America MPAA is likely to report quarterly earnings at $0.00 per share on revenue of $204.50 million.

• Hertz Global Holdings HTZ is likely to report quarterly loss at $0.50 per share on revenue of $2.70 billion.

• Absci ABSI is likely to report quarterly loss at $0.21 per share on revenue of $1.75 million.

• Tyson Foods TSN is expected to report quarterly earnings at $0.69 per share on revenue of $13.39 billion.

• Zai Lab ZLAB is expected to report quarterly loss at $0.78 per share on revenue of $102.24 million.

• Sunstone Hotel Invts SHO is expected to report quarterly earnings at $0.20 per share on revenue of $222.92 million.

• Alight ALIT is likely to report quarterly earnings at $0.09 per share on revenue of $539.68 million.

• BrainsWay BWAY is expected to report quarterly earnings at $0.01 per share on revenue of $10.17 million.

• Sphere Entertainment SPHR is expected to report quarterly loss at $2.76 per share on revenue of $247.51 million.

• Danaos DAC is likely to report quarterly earnings at $6.77 per share on revenue of $247.11 million.

• WAVE Life Sciences WVE is likely to report quarterly loss at $0.28 per share on revenue of $16.95 million.

• Novavax NVAX is expected to report quarterly loss at $0.83 per share on revenue of $65.77 million.

• Mirum Pharmaceuticals MIRM is likely to report quarterly loss at $0.45 per share on revenue of $82.01 million.

• CureVac CVAC is estimated to report quarterly earnings at $0.60 per share on revenue of $111.17 million.

• Endava DAVA is estimated to report quarterly earnings at $0.28 per share on revenue of $251.29 million.

• CTS CTS is likely to report quarterly earnings at $0.10 per share on revenue of $637.03 million.

• Smith Douglas Homes SDHC is projected to report quarterly earnings at $0.47 per share on revenue of $258.08 million.

• Pagaya Techs PGY is estimated to report quarterly loss at $0.19 per share on revenue of $253.20 million.

• EVgo EVGO is likely to report quarterly loss at $0.11 per share on revenue of $65.95 million.

• Axsome Therapeutics AXSM is projected to report quarterly loss at $1.41 per share on revenue of $98.10 million.

• Sylvamo SLVM is estimated to report quarterly earnings at $2.18 per share on revenue of $960.47 million.

• Piedmont Lithium PLL is estimated to report quarterly loss at $0.57 per share on revenue of $28.19 million.

• CBAK Energy Tech CBAT is estimated to report quarterly earnings at $0.07 per share on revenue of $58.12 million.

• Avadel Pharmaceuticals AVDL is projected to report quarterly loss at $0.05 per share on revenue of $48.61 million.

• Plug Power PLUG is projected to report quarterly loss at $0.24 per share on revenue of $210.23 million.

• Neumora Therapeutics NMRA is expected to report earnings for its third quarter.

• Shift4 Payments FOUR is expected to report quarterly earnings at $1.07 per share on revenue of $971.34 million.

• PowerFleet AIOT is estimated to report quarterly loss at $0.02 per share on revenue of $74.39 million.

• RumbleON RMBL is projected to report quarterly loss at $0.16 per share on revenue of $301.43 million.

• Schrodinger SDGR is likely to report quarterly loss at $0.60 per share on revenue of $40.57 million.

• Veritone VERI is projected to report earnings for its third quarter.

• 2seventy bio TSVT is estimated to report quarterly loss at $0.24 per share on revenue of $15.04 million.

• US Energy USEG is estimated to report quarterly loss at $0.04 per share on revenue of $5.82 million.

• Intl Game Tech IGT is estimated to report quarterly earnings at $0.21 per share on revenue of $591.50 million.

• GrafTech International EAF is likely to report quarterly loss at $0.09 per share on revenue of $128.63 million.

• Sotherly Hotels SOHO is projected to report quarterly earnings at $0.01 per share on revenue of $42.00 million.

• FTC Solar FTCI is likely to report quarterly loss at $0.08 per share on revenue of $9.89 million.

• Perimeter Solutions PRM is likely to report quarterly earnings at $0.62 per share on revenue of $288.53 million.

• Pactiv Evergreen PTVE is estimated to report quarterly earnings at $0.36 per share on revenue of $1.37 billion.

• American Strategic NYC is estimated to report quarterly loss at $2.62 per share on revenue of $15.71 million.

• Northwest Natural Hldg NWN is estimated to report quarterly loss at $0.79 per share on revenue of $132.47 million.

• HUYA HUYA is estimated to report quarterly earnings at $0.04 per share on revenue of $213.54 million.

• Acacia Research ACTG is estimated to report quarterly earnings at $0.01 per share on revenue of $27.25 million.

• EchoStar SATS is likely to report quarterly loss at $0.39 per share on revenue of $3.91 billion.

• IHS Holding IHS is likely to report quarterly earnings at $0.08 per share on revenue of $410.03 million.

• Shopify SHOP is projected to report quarterly earnings at $0.27 per share on revenue of $2.11 billion.

• Legend Biotech LEGN is projected to report quarterly loss at $0.42 per share on revenue of $143.87 million.

• Sea SE is projected to report quarterly earnings at $0.26 per share on revenue of $4.08 billion.

• Home Depot HD is likely to report quarterly earnings at $3.64 per share on revenue of $39.17 billion.

• Tencent Music Enter Gr TME is estimated to report quarterly earnings at $0.17 per share on revenue of $980.86 million.

• On Holding ONON is estimated to report quarterly earnings at $0.23 per share on revenue of $704.58 million.

• Oncolytics Biotech ONCY is projected to report earnings for its third quarter.

• 22nd Century Group XXII is estimated to report earnings for its third quarter.

• Where Food Comes From WFCF is likely to report earnings for its third quarter.

• Rockwell Medical RMTI is estimated to report quarterly earnings at $0.01 per share on revenue of $26.50 million.

• Shimmick SHIM is projected to report quarterly loss at $0.12 per share on revenue of $120.05 million.

• VerifyMe VRME is likely to report quarterly loss at $0.10 per share on revenue of $5.23 million.

• OptiNose OPTN is projected to report quarterly loss at $0.05 per share on revenue of $23.00 million.

• Acumen Pharmaceuticals ABOS is estimated to report earnings for its third quarter.

• Crown Crafts CRWS is projected to report earnings for its second quarter.

• Lifeward LFWD is expected to report quarterly loss at $0.31 per share on revenue of $8.45 million.

• Maiden Hldgs MHLD is projected to report earnings for its third quarter.

• Neuraxis NRXS is projected to report earnings for its third quarter.

• Ondas Holdings ONDS is likely to report quarterly loss at $0.12 per share on revenue of $1.85 million.

• Golden Matrix Group GMGI is likely to report earnings for its third quarter.

• Agenus AGEN is estimated to report quarterly loss at $2.33 per share on revenue of $33.48 million.

• Tamboran Resources TBN is projected to report earnings for its first quarter.

• Kopin KOPN is estimated to report quarterly loss at $0.04 per share on revenue of $12.60 million.

• Outfront Media OUT is likely to report quarterly earnings at $0.18 per share on revenue of $456.63 million.

• Summit Midstream SMC is expected to report earnings for its third quarter.

• Jerash Holdings (US) JRSH is likely to report quarterly earnings at $0.00 per share on revenue of $37.45 million.

• Altimmune ALT is estimated to report earnings for its third quarter.

• Target Hospitality TH is likely to report quarterly earnings at $0.12 per share on revenue of $87.90 million.

• Triumph Group TGI is estimated to report quarterly earnings at $0.01 per share on revenue of $283.09 million.

• BKV BKV is expected to report earnings for its third quarter.

• NexGen Energy NXE is projected to report earnings for its third quarter.

• Scholar Rock Holding SRRK is likely to report earnings for its third quarter.

• Benson Hill BHIL is likely to report quarterly loss at $3.11 per share on revenue of $39.10 million.

• Repligen RGEN is expected to report quarterly earnings at $0.33 per share on revenue of $153.23 million.

• Camtek CAMT is expected to report quarterly earnings at $0.69 per share on revenue of $108.68 million.

• Roivant Sciences ROIV is expected to report quarterly loss at $0.26 per share on revenue of $49.22 million.

• Neuronetics STIM is estimated to report quarterly loss at $0.23 per share on revenue of $19.13 million.

• Cronos Group CRON is projected to report quarterly loss at $0.01 per share on revenue of $29.10 million.

• Telos TLS is likely to report quarterly loss at $0.14 per share on revenue of $22.99 million.

• Rigetti Computing RGTI is expected to report quarterly loss at $0.09 per share on revenue of $3.33 million.

• Compugen CGEN is likely to report quarterly earnings at $0.10 per share on revenue of $17.86 million.

• Autolus Therapeutics AUTL is estimated to report quarterly loss at $0.21 per share on revenue of $130 thousand.

• FreightCar America RAIL is likely to report quarterly earnings at $0.08 per share on revenue of $137.83 million.

• Innovid CTV is likely to report quarterly earnings at $0.00 per share on revenue of $41.00 million.

• Treehouse Foods THS is likely to report quarterly earnings at $0.75 per share on revenue of $881.14 million.

• SpringWorks Therapeutics SWTX is expected to report quarterly loss at $0.75 per share on revenue of $53.17 million.

• CareCloud CCLD is expected to report quarterly loss at $0.14 per share on revenue of $28.52 million.

• Quantum-Si QSI is likely to report quarterly loss at $0.19 per share on revenue of $1.08 million.

• Nayax NYAX is estimated to report quarterly loss at $0.02 per share on revenue of $77.46 million.

• First Advantage FA is projected to report quarterly earnings at $0.25 per share on revenue of $204.30 million.

• Blade Air Mobility BLDE is expected to report quarterly loss at $0.05 per share on revenue of $74.44 million.

• 908 Devices MASS is projected to report quarterly loss at $0.28 per share on revenue of $18.33 million.

• Surgery Partners SGRY is expected to report quarterly earnings at $0.25 per share on revenue of $769.76 million.

• Blackstone Secured BXSL is expected to report quarterly earnings at $0.89 per share on revenue of $338.71 million.

• TH International THCH is likely to report earnings for its third quarter.

• GRAVITY Co GRVY is likely to report earnings for its third quarter.

• Vodafone Group VOD is likely to report earnings for its first quarter.

• Genius Sports GENI is expected to report quarterly loss at $0.01 per share on revenue of $118.94 million.

Companies Reporting After The Bell

• Suncor Energy SU is projected to report quarterly earnings at $0.78 per share on revenue of $9.76 billion.

• Alcon ALC is expected to report quarterly earnings at $0.74 per share on revenue of $2.46 billion.

• BioRestorative Therapies BRTX is estimated to report quarterly loss at $0.43 per share on revenue of $350 thousand.

• Miller Industries MLR is likely to report quarterly earnings at $1.33 per share on revenue of $297.65 million.

• Kingstone Companies KINS is projected to report quarterly earnings at $0.21 per share on revenue of $39.40 million.

• Companhia Siderurgica SID is estimated to report earnings for its third quarter.

• Largo LGO is likely to report earnings for its third quarter.

• Phoenix New Media FENG is likely to report earnings for its third quarter.

• ePlus PLUS is expected to report quarterly earnings at $1.39 per share on revenue of $576.50 million.

• Adams Resources & Energy AE is expected to report quarterly loss at $0.28 per share on revenue of $655.00 million.

• Cherry Hill Mortgage CHMI is expected to report quarterly earnings at $0.15 per share on revenue of $14.70 million.

• Alta Equipment Group ALTG is estimated to report quarterly loss at $0.22 per share on revenue of $484.99 million.

• Xtant Medical Hldgs XTNT is expected to report quarterly loss at $0.02 per share on revenue of $30.00 million.

• Kolibri Global Energy KGEI is expected to report earnings for its third quarter.

• SKYX Platforms SKYX is likely to report quarterly loss at $0.09 per share on revenue of $23.41 million.

• Direct Digital Holdings DRCT is projected to report earnings for its third quarter.

• Beauty Health SKIN is estimated to report quarterly loss at $0.12 per share on revenue of $74.07 million.

• Paltalk PALT is expected to report quarterly loss at $0.11 per share on revenue of $2.25 million.

• United States Antimony UAMY is likely to report earnings for its third quarter.

• 23andMe Holding ME is estimated to report quarterly loss at $3.20 per share on revenue of $54.30 million.

• Eyenovia EYEN is estimated to report quarterly loss at $0.13 per share on revenue of $160 thousand.

• OncoCyte OCX is estimated to report quarterly loss at $0.44 per share on revenue of $200 thousand.

• Eton Pharmaceuticals ETON is projected to report quarterly earnings at $0.00 per share on revenue of $9.69 million.

• CAE CAE is expected to report quarterly earnings at $0.19 per share on revenue of $1.09 billion.

• Aris Water Solutions ARIS is projected to report quarterly earnings at $0.30 per share on revenue of $103.52 million.

• Aris Mining ARMN is projected to report earnings for its third quarter.

• Sadot Group SDOT is projected to report quarterly earnings at $0.20 per share on revenue of $171.85 million.

• Lisata Therapeutics LSTA is expected to report earnings for its third quarter.

• Atara Biotherapeutics ATRA is likely to report quarterly loss at $1.93 per share on revenue of $35.17 million.

• Pangaea Logistics Solns PANL is likely to report quarterly earnings at $0.26 per share on revenue of $143.50 million.

• Topgolf Callaway Brands MODG is expected to report quarterly loss at $0.16 per share on revenue of $983.00 million.

• SenesTech SNES is likely to report quarterly loss at $3.20 per share on revenue of $580 thousand.

• Sky Harbour Group SKYH is projected to report quarterly loss at $0.07 per share on revenue of $3.95 million.

• Prothena Corp PRTA is projected to report quarterly loss at $1.17 per share on revenue of $1.31 million.

• Intrusion INTZ is projected to report quarterly loss at $0.42 per share on revenue of $1.57 million.

• Corvus Pharma CRVS is likely to report earnings for its third quarter.

• Xenon Pharmaceuticals XENE is likely to report earnings for its third quarter.

• Quanterix QTRX is projected to report quarterly loss at $0.24 per share on revenue of $34.17 million.

• Lument Finance Trust LFT is likely to report quarterly earnings at $0.08 per share on revenue of $27.73 million.

• Mach Natural Resources MNR is estimated to report quarterly earnings at $0.61 per share on revenue of $247.50 million.

• Eastman Kodak KODK is expected to report earnings for its third quarter.

• Radiant Logistics RLGT is likely to report quarterly earnings at $0.14 per share on revenue of $215.02 million.

• CXApp CXAI is expected to report quarterly loss at $0.24 per share on revenue of $1.80 million.

• Geovax Labs GOVX is projected to report quarterly loss at $1.48 per share on revenue of $920 thousand.

• Surgepays SURG is estimated to report quarterly loss at $0.27 per share on revenue of $8.64 million.

• Lexicon Pharmaceuticals LXRX is projected to report quarterly loss at $0.16 per share on revenue of $5.22 million.

• Ginkgo Bioworks Holdings DNA is projected to report quarterly loss at $2.82 per share on revenue of $45.00 million.

• Voyager Therapeutics VYGR is estimated to report quarterly loss at $0.49 per share on revenue of $10.30 million.

• eGain EGAN is projected to report quarterly earnings at $0.01 per share on revenue of $22.18 million.

• i-80 Gold IAUX is likely to report earnings for its third quarter.

• American Public Education APEI is projected to report quarterly earnings at $0.03 per share on revenue of $153.77 million.

• Nuvve Holding NVVE is estimated to report earnings for its third quarter.

• Southland Holdings SLND is expected to report quarterly loss at $0.09 per share on revenue of $303.92 million.

• Dyadic International DYAI is expected to report quarterly loss at $0.06 per share on revenue of $1.05 million.

• Ingram Micro Holding INGM is estimated to report earnings for its third quarter.

• Sangamo Therapeutics SGMO is expected to report quarterly loss at $0.03 per share on revenue of $17.94 million.

• Iridex IRIX is projected to report quarterly loss at $0.09 per share on revenue of $12.50 million.

• FibroGen FGEN is expected to report quarterly loss at $0.30 per share on revenue of $34.76 million.

• Longeveron LGVN is estimated to report quarterly loss at $0.44 per share on revenue of $390 thousand.

• Azenta AZTA is projected to report quarterly earnings at $0.10 per share on revenue of $169.60 million.

• MARA Holdings MARA is projected to report quarterly loss at $0.21 per share on revenue of $152.67 million.

• Groupon GRPN is likely to report quarterly loss at $0.08 per share on revenue of $120.70 million.

• GEN Restaurant Gr GENK is likely to report quarterly loss at $0.01 per share on revenue of $49.84 million.

• Better Choice Co BTTR is estimated to report earnings for its third quarter.

• Microvast Holdings MVST is expected to report quarterly loss at $0.06 per share on revenue of $99.70 million.

• Alliance Entertainment AENT is likely to report earnings for its first quarter.

• Investcorp Credit ICMB is likely to report quarterly earnings at $0.13 per share on revenue of $6.74 million.

• Natera NTRA is expected to report quarterly loss at $0.58 per share on revenue of $361.15 million.

• Grove Collaborative Hldgs GROV is estimated to report quarterly loss at $0.13 per share on revenue of $50.85 million.

• Nauticus Robotics KITT is projected to report earnings for its third quarter.

• Cannae Holdings CNNE is expected to report quarterly loss at $0.22 per share on revenue of $105.67 million.

• PLBY Group PLBY is likely to report quarterly loss at $0.13 per share on revenue of $29.50 million.

• Oportun Financial OPRT is estimated to report quarterly earnings at $0.07 per share on revenue of $249.44 million.

• BioLife Solns BLFS is estimated to report quarterly loss at $0.08 per share on revenue of $24.00 million.

• LogicMark LGMK is likely to report quarterly loss at $0.43 per share on revenue of $2.44 million.

• Hallador Energy HNRG is expected to report quarterly loss at $0.10 per share on revenue of $117.10 million.

• Zevra Therapeutics ZVRA is projected to report quarterly loss at $0.41 per share on revenue of $5.08 million.

• Clearside Biomedical CLSD is likely to report quarterly loss at $0.12 per share on revenue of $120 thousand.

• Perspective Therapeutics CATX is likely to report quarterly loss at $0.22 per share on revenue of $140 thousand.

• GRAIL GRAL is projected to report earnings for its third quarter.

• Guardian Pharmacy Service GRDN is likely to report earnings for its third quarter.

• Altus Power AMPS is likely to report quarterly earnings at $0.03 per share on revenue of $58.01 million.

• SHF Hldgs SHFS is likely to report earnings for its third quarter.

• WM Tech MAPS is likely to report quarterly earnings at $0.03 per share on revenue of $44.45 million.

• PSQ Holdings PSQH is projected to report quarterly loss at $0.40 per share on revenue of $6.52 million.

• Montauk Renewables MNTK is expected to report quarterly earnings at $0.10 per share on revenue of $60.90 million.

• Babcock & Wilcox BW is projected to report quarterly earnings at $0.00 per share on revenue of $229.72 million.

• DHI Group DHX is projected to report quarterly earnings at $0.03 per share on revenue of $35.27 million.

• VirTra VTSI is projected to report quarterly earnings at $0.01 per share on revenue of $6.50 million.

• CeriBell CBLL is likely to report earnings for its third quarter.

• TechTarget TTGT is estimated to report quarterly earnings at $0.37 per share on revenue of $58.14 million.

• Honest Co HNST is expected to report quarterly loss at $0.03 per share on revenue of $92.68 million.

• Progyny PGNY is projected to report quarterly earnings at $0.13 per share on revenue of $297.04 million.

• DHT Holdings DHT is expected to report quarterly earnings at $0.17 per share on revenue of $86.70 million.

• Urgently ULY is likely to report quarterly loss at $0.68 per share on revenue of $36.40 million.

• Evolution Petroleum EPM is projected to report quarterly earnings at $0.06 per share on revenue of $24.50 million.

• Ellington Credit EARN is expected to report quarterly earnings at $0.27 per share on revenue of $5.21 million.

• Rocket Companies RKT is expected to report quarterly earnings at $0.08 per share on revenue of $1.29 billion.

• Biote BTMD is projected to report quarterly earnings at $0.09 per share on revenue of $51.32 million.

• Smart Sand SND is likely to report quarterly earnings at $0.01 per share on revenue of $74.80 million.

• Arcadia Biosciences RKDA is estimated to report quarterly loss at $0.81 per share on revenue of $1.40 million.

• CaliberCos CWD is projected to report quarterly loss at $0.13 per share on revenue of $6.84 million.

• Vicarious Surgical RBOT is likely to report earnings for its third quarter.

• Electromed ELMD is expected to report quarterly earnings at $0.03 per share on revenue of $13.50 million.

• Ambac Financial Group AMBC is estimated to report quarterly earnings at $0.08 per share on revenue of $75.88 million.

• Synchronoss Technologies SNCR is estimated to report quarterly earnings at $0.32 per share on revenue of $43.28 million.

• Senstar Technologies SNT is projected to report earnings for its third quarter.

• Peraso PRSO is expected to report quarterly loss at $0.23 per share on revenue of $4.04 million.

• P3 Health Partners PIII is likely to report quarterly loss at $0.04 per share on revenue of $364.45 million.

• Ascent Industries ACNT is likely to report earnings for its third quarter.

• Similarweb SMWB is projected to report quarterly earnings at $0.05 per share on revenue of $62.77 million.

• FiscalNote Holdings NOTE is projected to report quarterly loss at $0.11 per share on revenue of $29.53 million.

• Fractyl Health GUTS is likely to report earnings for its third quarter.

• TWFG TWFG is projected to report quarterly earnings at $0.16 per share on revenue of $52.67 million.

• Rumble RUM is likely to report quarterly loss at $0.12 per share on revenue of $29.25 million.

• ICU Medical ICUI is projected to report quarterly earnings at $1.24 per share on revenue of $570.02 million.

• GrowGeneration GRWG is likely to report quarterly loss at $0.11 per share on revenue of $47.56 million.

• Hyperfine HYPR is expected to report quarterly loss at $0.14 per share on revenue of $3.30 million.

• comScore SCOR is likely to report quarterly loss at $0.73 per share on revenue of $87.00 million.

• Dave DAVE is expected to report quarterly loss at $0.11 per share on revenue of $80.70 million.

• Repay Holdings RPAY is projected to report quarterly earnings at $0.22 per share on revenue of $79.11 million.

• AEye LIDR is likely to report quarterly loss at $0.89 per share on revenue of $100 thousand.

• NCR Atleos NATL is expected to report quarterly earnings at $0.79 per share on revenue of $1.06 billion.

• Pixelworks PXLW is expected to report quarterly loss at $0.13 per share on revenue of $9.50 million.

• Viant Technology DSP is projected to report quarterly earnings at $0.05 per share on revenue of $68.97 million.

• Theravance Biopharma TBPH is estimated to report quarterly loss at $0.23 per share on revenue of $15.34 million.

• Rackspace Tech RXT is estimated to report quarterly loss at $0.07 per share on revenue of $675.14 million.

• SoundHound AI SOUN is expected to report quarterly loss at $0.07 per share on revenue of $23.02 million.

• Silvaco Group SVCO is estimated to report quarterly loss at $0.06 per share on revenue of $11.84 million.

• StoneCo STNE is estimated to report quarterly earnings at $0.32 per share on revenue of $600.49 million.

• Westport Fuel Systems WPRT is likely to report quarterly loss at $0.37 per share on revenue of $66.45 million.

• Cava Group CAVA is likely to report quarterly earnings at $0.10 per share on revenue of $231.69 million.

• SI-BONE SIBN is expected to report quarterly loss at $0.24 per share on revenue of $40.50 million.

• NeuroPace NPCE is likely to report quarterly loss at $0.27 per share on revenue of $19.08 million.

• Perdoceo Education PRDO is projected to report quarterly earnings at $0.53 per share on revenue of $164.63 million.

• Skyworks Solutions SWKS is estimated to report quarterly earnings at $1.52 per share on revenue of $1.02 billion.

• Spotify Technology SPOT is projected to report quarterly earnings at $1.89 per share on revenue of $4.37 billion.

• SoundThinking SSTI is estimated to report quarterly loss at $0.07 per share on revenue of $25.99 million.

• OmniAb OABI is projected to report quarterly loss at $0.14 per share on revenue of $8.40 million.

• Beachbody Co BODI is likely to report quarterly loss at $1.58 per share on revenue of $103.59 million.

• Monroe Cap MRCC is estimated to report quarterly earnings at $0.28 per share on revenue of $15.25 million.

• EverCommerce EVCM is expected to report quarterly earnings at $0.14 per share on revenue of $174.82 million.

• Seadrill SDRL is estimated to report quarterly earnings at $0.05 per share on revenue of $317.25 million.

• Paragon 28 FNA is estimated to report quarterly loss at $0.16 per share on revenue of $60.58 million.

• Global X Silver Miners ETF SIL is likely to report earnings for its third quarter.

• James Hardie Industries JHX is projected to report earnings for its second quarter.

• Avino Silver & Gold Mines ASM is estimated to report quarterly earnings at $0.02 per share on revenue of $14.57 million.

• Inseego INSG is projected to report quarterly earnings at $0.11 per share on revenue of $56.30 million.

• Paymentus Holdings PAY is projected to report quarterly earnings at $0.10 per share on revenue of $191.02 million.

• Crinetics Pharmaceuticals CRNX is expected to report quarterly loss at $0.91 per share on revenue of $240 thousand.

• Organogenesis Hldgs ORGO is projected to report quarterly loss at $0.01 per share on revenue of $109.47 million.

• Integral Ad Science IAS is likely to report quarterly earnings at $0.07 per share on revenue of $138.11 million.

• PubMatic PUBM is expected to report quarterly loss at $0.06 per share on revenue of $66.04 million.

• Runway Gwth Fin RWAY is likely to report quarterly earnings at $0.45 per share on revenue of $38.68 million.

• Maplebear CART is estimated to report quarterly earnings at $0.21 per share on revenue of $842.54 million.

• Rocket Lab USA RKLB is estimated to report quarterly loss at $0.11 per share on revenue of $102.28 million.

• NGL Energy Partners NGL is expected to report quarterly earnings at $0.08 per share on revenue of $1.58 billion.

• Legacy Housing LEGH is projected to report quarterly earnings at $0.60 per share on revenue of $48.02 million.

• Airgain AIRG is estimated to report quarterly loss at $0.01 per share on revenue of $16.00 million.

• Intercorp Financial Servs IFS is estimated to report quarterly earnings at $0.79 per share on revenue of $337.00 million.

• SilverCrest Metals SILV is likely to report earnings for its third quarter.

• Chegg CHGG is estimated to report quarterly earnings at $0.08 per share on revenue of $134.12 million.

• Orla Mining ORLA is expected to report earnings for its third quarter.

• Energy Vault Holdings NRGV is projected to report quarterly loss at $0.14 per share on revenue of $13.40 million.

• TeraWulf WULF is expected to report quarterly loss at $0.03 per share on revenue of $34.53 million.

• Occidental Petroleum OXY is projected to report quarterly earnings at $0.85 per share on revenue of $7.31 billion.

• BuzzFeed BZFD is projected to report earnings for its third quarter.

• ZoomInfo Technologies ZI is likely to report quarterly earnings at $0.22 per share on revenue of $299.38 million.

• Light & Wonder LNW is estimated to report quarterly earnings at $1.10 per share on revenue of $819.93 million.

• Expand Energy EXE is likely to report earnings for its third quarter.

• Amdocs DOX is likely to report quarterly earnings at $1.70 per share on revenue of $1.26 billion.

• American Healthcares AHR is projected to report quarterly earnings at $0.32 per share on revenue of $512.87 million.

• Fidelis Insurance Hldgs FIHL is projected to report quarterly earnings at $0.75 per share on revenue of $450.92 million.

• American Rebel Holdings AREB is projected to report earnings for its third quarter.

• Hudson Pacific Properties HPP is expected to report quarterly earnings at $0.14 per share on revenue of $214.06 million.

This article was generated by Benzinga’s automated content engine and reviewed by an editor.

SHENZHEN, China, Nov. 12, 2024 /PRNewswire/ — Tencent Music Entertainment Group (“TME,” or the “Company”) TME, the leading online music and audio entertainment platform in China, today announced its unaudited financial results for the third quarter ended September 30, 2024.

Third Quarter 2024 Financial Highlights

• Total revenues were RMB7.02 billion (US$1.0 billion), representing a 6.8% year-over-year increase, primarily due to strong year-over-year growth in revenues from online music services, and partially offset by a decline in revenues from social entertainment services and others.
• Revenues from music subscriptions were RMB3.84 billion (US$547 million), representing 20.3% year-over-year growth. The number of paying users increased by 15.5% year-over-year to 119.0 million, up by 2.0 million from the second quarter of 2024. ARPPU grew 4.9% year-over-year to RMB10.8.
• Net profit was RMB1.71 billion (US$244 million), representing 35.3% year-over-year growth. Net profit attributable to equity holders of the Company was RMB1.58 billion (US$226 million), representing 35.5% year-over-year growth. Non-IFRS net profit^[1] was RMB1.94 billion (US$276 million), representing 29.1% year-over-year growth. Non-IFRS net profit attributable to equity holders of the Company^[1] was RMB1.81 billion (US$258 million), representing 28.8% year-over-year growth.
• Diluted earnings per ADS was RMB1.01 (US$0.14), up from RMB0.74 in the same period of 2023.
• Total cash, cash equivalents, term deposits and short-term investments as of September 30, 2024 were RMB36.04 billion (US$5.14 billion).  
• As of September 30, 2024, the Company had repurchased 42.1 million ADSs in the open market with cash for a total consideration of US$335.5 million, of which approximately US$100 million were repurchased in the third quarter.

Mr. Cussion Pang, Executive Chairman of TME, commented, “Our commitment to high-quality growth is reflected in another solid quarterly performance. The steady expansion of our music subscribers and diversified music services continue to drive overall growth and profitability. We are encouraged by the growing synergies between our platform and well-established content ecosystem, which have become a vital force in empowering us to seize new opportunities for long-term, sustainable growth.”

Mr. Ross Liang, CEO of TME, continued, “This quarter’s robust music subscription performance, with better-than-expected net subscriber additions and an expanding ARPPU, highlights the effectiveness of our balanced approach to achieve growth, which is important to drive paying user base expansion in the coming years. By offering enriched and differentiated user privileges, our value proposition for more premium memberships has been well accepted, cultivating greater loyalty on our platform.”

Third Quarter 2024 Operational Highlights 

Dynamic and robust content ecosystem enabled us to diversify our offerings and capitalize on emerging trends swiftly.

• Expanded and deepened partnerships with leading record labels: 1) Renewed contracts with YH Entertainment Group and Image Music Group to include early access for new song releases. 2) Strategic alliance with Galaxy Corporation further strengthened our advantage in K-pop content offerings, including digital albums, merchandise, and multi-year hosting rights for G-Dragon’s concerts in Asia and other regions.
• Elevated our industry impact through hosting influential and tailored concert events: 1) Successfully staged TME’s Zebra Music Festival in September, a two-day live music event attracting nearly 65,000 music fans, featuring performances from leading artists such as Chen Chusheng, Joker Xue, and Zhang Yuan^[2], alongside Tencent musicians and other popular artists Leon Liu, Zhao Lei, and Suede^[2]. 2) Organized pop singer and songwriter Yu Jiayun’s live concert, marking his first-ever ticketed show with over 10,000 attendees. 
• Produced and promoted chart-topping theme songs for popular Tencent games such as League of Legends: Wild Rift and Peacekeeper Elite, and elevated engagement by offering in-game benefits to listeners.
• Collaborated with artists and labels to offer Super VIP (“SVIP“) members additional privileges, enhancing conversion and loyalty. This includes: 1) Complimentary access to an extensive digital album collection. 2) Proprietary concerts and fan engagement activities, such as pre-sales for ticket concerts by G.E.M., Mariah Carey, and TIA RAY^[2] during the quarter.  

Effective operations and expansive privileges led to subscriber base expansion and SVIP adoption, paving a strong foundation for sustained future growth.

• Enhanced recommendation algorithms increased overall subscriber conversion, with recommendation-driven streams reaching a record high.
• Introduced more personalized product features including dynamic player skins, audio players, and ringtones; collaborated with popular IPs such as Black Myth: Wu Kong, Crayon Shin-chan, and Disney to drive engagement. 
• Leveraged expanding LLM capabilities to improve contents production and discovery effectiveness.
• Over 10 million SVIP subscribers as of the end of September 2024, with blended ARPPU and user engagement higher than non-SVIP subscribers.
• For SVIP adoption, premium audio quality and enriched long-form audio offerings were some of the key growth drivers. Features such as QQ Music’s Premium Sound, DTS sound quality, and Kugou Music’s Viper Ultra Sound helped enhance SVIP member experiences. We also expanded the Viper series privileges to in-vehicle use through strengthened partnerships with Xiaomi, Li Auto, and NIO.

Third Quarter 2024 Financial Review

Total revenues increased by 446 million, or 6.8%, to RMB7.02 billion (US$1.0 billion) from RMB6.57 billion in the same period of 2023.

• Revenues from online music services delivered a strong year-over-year increase of 20.4% to RMB5.48 billion (US$781 million) from RMB4.55 billion in the same period of 2023. The increase was driven by solid growth in music subscription revenues, supplemented by growth in revenues from advertising services. Revenues from music subscriptions were RMB3.84 billion (US$547 million), representing 20.3% year-over-year growth compared with RMB3.19 billion in the same period of 2023. This rapid growth was driven by continuous expansion in the online music paying user base and improved ARPPU. The number of online music paying users increased by 15.5% year-over-year to 119.0 million, with a monthly ARPPU of RMB10.8 in the third quarter of 2024. The increase in the number of paying users and monthly ARPPU was primarily due to high quality contents, attractive membership privileges, optimized user operations and effective promotions, as well as the expansion of SVIP membership program. The year-over-year increase in revenues from advertising was primarily due to our more diversified product portfolio and innovative ad formats, such as ad-supported mode. Additionally, increased revenues from offline performances also contributed to the growth in revenues from online music services.
• Revenues from social entertainment services and others decreased by 23.9% to RMB1.54 billion (US$219 million) from RMB2.02 billion in the same period of 2023. The continued decrease was mainly the result of adjustments to certain live-streaming interactive functions and more stringent compliance procedures implemented. Meanwhile, we continue to focus on the healthy growth in advertising and VIP memberships within social entertainment.   

Cost of revenues decreased by 4.8% year-over-year to RMB4.02 billion (US$573 million), mainly due to decreased revenues from social entertainment services that led to less revenue sharing fees, partially offset by increased costs related to offline concerts and music festivals, content costs of royalties and payment channel fees.

Gross margin increased to 42.6% from 35.7% in the same period of 2023, primarily due to strong revenue growth from music subscriptions and advertising services, and the ramp-up of our own content.

Total operating expenses decreased by 3.9% year-over-year to RMB1.22 billion (US$174 million). Operating expenses as a percentage of total revenues decreased to 17.4% from 19.3% in the same period of 2023.

• Selling and marketing expenses were RMB220 million (US$31 million), which were relatively stable compared with same period of last year. We continue to maintain ROI focused approach for promotion expenses.
• General and administrative expenses were RMB1.00 billion (US$142 million), representing a 4.9% year-over-year decrease. This decrease was primarily due to reduced employee-related expenses.

Total operating profit was RMB2.14 billion (US$306 million) in the third quarter of 2024, representing an increase of 50.5% year-over-year.

The effective tax rate for the third quarter of 2024 was 17.7% compared with 12.2% in the same period of 2023. The increase in the effective tax rate was mainly driven by the accrual of withholding income tax of RMB113 million (US$16 million) in the third quarter of 2024.

For the third quarter of 2024, net profit was RMB1.71 billion (US$244 million) and net profit attributable to equity holders of the Company was RMB1.58 billion (US$226 million). Non-IFRS net profit was RMB1.94 billion (US$276 million) and non-IFRS net profit attributable to equity holders of the Company was RMB1.81 billion (US$258 million). Please refer to the section in this press release titled “Non-IFRS Financial Measure” for details.

Basic and diluted earnings per American Depositary Shares (“ADS”) for the third quarter of 2024 were RMB1.02 (US$0.15) and RMB1.01 (US$0.14), respectively; non-IFRS basic and diluted earnings per ADS were RMB1.17 (US$0.17) and RMB1.16 (US$0.16), respectively. The Company had weighted averages of 1.55 billion basic and 1.57 billion diluted ADSs outstanding, respectively. Each ADS represents two of the Company’s Class A ordinary shares.

As of September 30, 2024, the combined balance of the Company’s cash, cash equivalents, term deposits and short-term investments amounted to RMB36.04 billion (US$5.14 billion), compared with RMB35.03 billion as of June 30, 2024.

Share Repurchase Program

Under the US$500 million Share Repurchase Program announced on March 21, 2023, as of September 30, 2024, we had repurchased 42.1 million ADSs in the open market with cash for a total consideration of US$335.5 million.

Environmental, Social, and Governance (“ESG”)

In the third quarter, we published our inaugural ESG report, detailing our practices and achievements across environmental, social, and governance areas. This report underscores our unwavering commitment to sustainable development and corporate social responsibility.

Additionally, the Tencent Musician Platform was recognized as one of China’s first model cases for its national copyright powerhouse strategy recently, honoring our contributions to music copyright protection and the advancement of the music industry.  

Exchange Rate

This announcement contains translations of certain RMB amounts into U.S. dollars (“USD”) at specified rates solely for the convenience of the reader. Unless otherwise stated, all translations from RMB to USD were made at the rate of RMB7.0176 to US$1.00, the noon buying rate in effect on September 30, 2024, in the H.10 statistical release of the Federal Reserve Board. The Company makes no representation that the RMB or USD amounts referred could be converted into USD or RMB, as the case may be, at any particular rate or at all. For analytical presentation, all percentages are calculated using the numbers presented in the financial statements contained in this earnings release.

Non-IFRS Financial Measure

The Company uses non-IFRS net profit for the period, which is a non-IFRS financial measure, in evaluating its operating results and for financial and operational decision-making purposes. TME believes that non-IFRS net profit helps identify underlying trends in the Company’s business that could otherwise be distorted by the effect of certain expenses that the Company includes in its profit for the period. TME believes that non-IFRS net profit for the period provides useful information about its results of operations, enhances the overall understanding of its past performance and future prospects and allows for greater visibility with respect to key metrics used by its management in its financial and operational decision-making.

Non-IFRS net profit for the period should not be considered in isolation or construed as an alternative to operating profit, net profit for the period or any other measure of performance or as an indicator of its operating performance. Investors are encouraged to review non-IFRS net profit for the period and the reconciliation to its most directly comparable IFRS measure. Non-IFRS net profit for the period presented here may not be comparable to similarly titled measures presented by other companies. Other companies may calculate similarly titled measures differently, limiting their usefulness as comparative measures to the Company’s data. TME encourages investors and others to review its financial information in its entirety and not rely on a single financial measure.

Non-IFRS net profit for the period represents profit for the period excluding amortization of intangible and other assets arising from business acquisitions or combinations, share-based compensation expenses, net losses/gains from investments and related income tax effects.

Please see the “Unaudited Non-IFRS Financial Measure” included in this press release for a full reconciliation of non-IFRS net profit for the period to its net profit for the period.

About Tencent Music Entertainment

Tencent Music Entertainment Group TME is the leading online music and audio entertainment platform in China, operating the country’s highly popular and innovative music apps: QQ Music, Kugou Music, Kuwo Music and WeSing. TME’s mission is to create endless possibilities with music and technology. TME’s platform comprises online music, online audio, online karaoke, music-centric live streaming and online concert services, enabling music fans to discover, listen, sing, watch, perform and socialize around music. For more information, please visit ir.tencentmusic.com.

Safe Harbor Statement

This press release contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, and a number of factors could cause actual results to differ materially from those contained in any forward-looking statement. In some cases, forward-looking statements can be identified by words or phrases such as “may,” “will,” “expect,” “anticipate,” “target,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. Further information regarding these and other risks, uncertainties or factors is included in the Company’s filings with the SEC and the HKEX. All information provided in this press release is as of the date of this press release, and the Company does not undertake any duty to update such information, except as required under applicable law.

Investor Relations Contact

Tencent Music Entertainment Group
ir@tencentmusic.com
+86 (755) 8601-3388 ext. 818415

 

 

 

 

 

 

 

 

 

 

 

 

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SOURCE Tencent Music Entertainment Group

GUANGZHOU, China, Nov. 12, 2024 /PRNewswire/ — HUYA Inc. (“Huya” or the “Company”) HUYA, a leading game live streaming platform in China, today announced its unaudited financial results for the third quarter ended September 30, 2024.

Third Quarter 2024 Highlights^[1]

• Total net revenues were RMB1,537.7 million (US$219.1 million) for the third quarter of 2024, compared with RMB1,664.3 million for the same period of 2023.
• Game-related services, advertising and other revenues (formerly known as advertising and other revenues) were RMB410.2 million (US$58.4 million) for the third quarter of 2024, compared with RMB132.6 million for the same period of 2023.
• Net income attributable to HUYA Inc. was RMB23.6 million (US$3.4 million) for the third quarter of 2024, compared with RMB10.5 million for the same period of 2023.
• Non-GAAP net income attributable to HUYA Inc.^[2] was RMB78.0 million (US$11.1 million) for the third quarter of 2024, compared with RMB106.7 million for the same period of 2023.
• Average mobile MAUs^[3] for the third quarter of 2024 was 84.0 million, compared with 86.0 million for the same period of 2023.

“In the third quarter of 2024, our game-related services business achieved robust growth thanks to our continuous efforts to enhance cooperation with game studios and deepen broadcasters’ engagement on our platform. Revenues from game-related services, advertising, and others grew by 209.3% year-over-year in the third quarter, reaching RMB410.2 million and contributing a record high of 26.7% of our total net revenues,” said Mr. Junhong Huang, Acting Co-Chief Executive Officer and Senior Vice President of Huya. “We also maintained stable engagement across our high-quality user base. Our paying users^[4] rose by 9.5% year-over-year to 4.6 million in the third quarter, driven by the increase in users paying for game-related services. Furthermore, our growing collaborations with various content platforms brought our compelling game live streaming and video content to a wider audience, unlocking new commercialization opportunities. Going forward, we will continue to foster in-house content initiatives and develop productive partnerships, unleashing our potential across game-related services and live streaming and propelling our long-term business development.”

Mr. Raymond Peng Lei, Acting Co-Chief Executive Officer and Chief Financial Officer of Huya, continued, “We recorded total net revenues of RMB1.54 billion in the third quarter. While the macroeconomic and industry environment continued to weigh on our live streaming revenues, we proactively adjusted our business structure to support our strategic transformation. Game-related services, advertising and other businesses maintained strong growth momentum and made a more meaningful contribution to our topline. Overall, we delivered a stable year-over-year operating performance by improving efficiency and reducing total operating expenses by 20.9% year-over-year. Regarding shareholder returns, as of the end of September 2024, we had repurchased US$61.1 million of Huya shares through our share repurchase program. We have also returned an aggregate value of approximately US$400 million through two rounds of special cash dividends this year. As always, we remain committed to enhancing our financial and operating performance and creating greater value for shareholders.”

Third Quarter 2024 Financial Results

Total net revenues for the third quarter of 2024 were RMB1,537.7 million (US$219.1 million), compared with RMB1,664.3 million for the same period of 2023.

Live streaming revenues were RMB1,127.5 million (US$160.7 million) for the third quarter of 2024, compared with RMB1,531.7 million for the same period of 2023, primarily due to the continued impact of the macroeconomic and industry environment and the Company’s proactive business adjustments in support of its strategic transformation and prudent operations.

Game-related services, advertising and other revenues were RMB410.2 million (US$58.4 million) for the third quarter of 2024, compared with RMB132.6 million for the same period of 2023, primarily due to increased revenues from game distribution and advertising services and in-game item sales, which was mainly attributable to the Company’s deepened cooperation with Tencent and other game companies.

Cost of revenues decreased by 6.1% to RMB1,334.1 million (US$190.1 million) for the third quarter of 2024 from RMB1,421.5 million for the same period of 2023, primarily due to decreased revenue sharing fees and content costs, as well as bandwidth and server custody fees.

Revenue sharing fees and content costs decreased by 4.9% to RMB1,172.7 million (US$167.1 million) for the third quarter of 2024 from RMB1,233.2 million for the same period of 2023, primarily due to decreased live streaming revenue sharing fees associated with the decline in live streaming revenues as well as lower costs related to licensed e-sports content, partially offset by increased game-related services, advertising and other revenue sharing fees.

Bandwidth and server custody fees decreased by 26.4% to RMB61.4 million (US$8.8 million) for the third quarter of 2024 from RMB83.4 million for the same period of 2023, primarily due to continued technology and management enhancement efforts, as well as favorable pricing terms.

Gross profit was RMB203.6 million (US$29.0 million) for the third quarter of 2024, compared with RMB242.8 million for the same period of 2023. Gross margin was 13.2% for the third quarter of 2024, compared with 14.6% for the same period of 2023. This change was primarily attributable to increased revenue sharing fees and content costs as a percentage of total net revenues, which rose mainly because the decrease in live streaming revenues outpaced the decrease in content costs.

Research and development expenses decreased by 12.1% to RMB125.5 million (US$17.9 million) for the third quarter of 2024 from RMB142.8 million for the same period of 2023, primarily due to decreased personnel-related expenses and share-based compensation expenses.

Sales and marketing expenses decreased by 30.4% to RMB73.3 million (US$10.4 million) for the third quarter of 2024 from RMB105.4 million for the same period of 2023, primarily due to decreased marketing and promotion fees, as well as personnel-related expenses.

General and administrative expenses decreased by 24.7% to RMB50.0 million (US$7.1 million) for the third quarter of 2024 from RMB66.4 million for the same period of 2023, primarily due to decreased professional service fees and personnel-related expenses.

Other income was RMB13.0 million (US$1.8 million) for the third quarter of 2024, compared with RMB40.2 million for the same period of 2023, primarily attributable to realized damages received in the third quarter of 2023 from a favorable outcome in a broadcaster-related lawsuit and lower government subsidies.

Operating loss was RMB32.3 million (US$4.6 million) for the third quarter of 2024, compared with RMB31.6 million for the same period of 2023.

Interest income was RMB96.6 million (US$13.8 million) for the third quarter of 2024, compared with RMB128.5 million for the same period of 2023, primarily due to lower time deposit balance, which was mainly attributable to the special cash dividends paid in May 2024 and October 2024.

Net income attributable to HUYA Inc. was RMB23.6 million (US$3.4 million) for the third quarter of 2024, compared with RMB10.5 million for the same period of 2023.

Non-GAAP net income attributable to HUYA Inc. was RMB78.0 million (US$11.1 million) for the third quarter of 2024, compared with RMB106.7 million for the same period of 2023.

Basic and diluted net income per American depositary share (“ADS”) were each RMB0.10 (US$0.01) for the third quarter of 2024. Basic and diluted net income per ADS were each RMB0.04 for the third quarter of 2023. Each ADS represents one Class A ordinary share of the Company.

Non-GAAP basic and diluted net income per ADS were each RMB0.34 (US$0.05) for the third quarter of 2024. Non-GAAP basic and diluted net income per ADS were RMB0.44 and RMB0.43, respectively, for the third quarter of 2023.

As of September 30, 2024, the Company had cash and cash equivalents, short-term deposits, short-term investment and long-term deposits of RMB8,078.4 million (US$1,151.2 million), compared with RMB8,193.3 million as of June 30, 2024.

Share Repurchase Program

The board of directors of the Company authorized a share repurchase program in August 2023, under which the Company may repurchase up to US$100 million of its ADSs or ordinary shares over a 12-month period. In August 2024, the board of directors of the Company authorized an extension of the expiry date of the share repurchase program to March 31, 2025. As of September 30, 2024, the Company had repurchased 18.2 million ADSs with a total aggregate consideration of US$61.1 million under this program.

Earnings Webinar

The Company’s management will host a Tencent Meeting Webinar at 7:00 a.m. U.S. Eastern Time on November 12, 2024 (8:00 p.m. Beijing/Hong Kong time on November 12, 2024), to review and discuss the Company’s business and financial performance.

For participants who wish to join the webinar, please complete the online registration in advance using the links provided below. Upon registration, participants will receive an email with webinar access information, including meeting ID, meeting link, dial-in numbers, and a unique attendee ID to join the webinar.

Participant Online Registration:

Chinese Mainland^[5]:  https://meeting.tencent.com/dw/6WRc9Ojhmp5c
International:               https://voovmeeting.com/dw/6WRc9Ojhmp5c 

A live webcast of the webinar will be accessible at https://ir.huya.com, and a replay of the webcast will be available following the session.

 

 

About HUYA Inc.

HUYA Inc. is a leading game live streaming platform in China. As a technology-driven company, Huya offers rich and dynamic content across games, e-sports, and other entertainment genres where it has cultivated a large, highly engaged, interactive, immersive community of game enthusiasts. Building on its success in game live streaming and through close collaboration with game companies, e-sports tournament organizers, broadcasters and talent agencies, Huya is expanding its presence in the game industry, both domestically and internationally. By providing more innovative game-related services, the Company is committed to meeting the evolving needs of game enthusiasts, content creators, and industry partners.

Use of Non-GAAP Financial Measures

The unaudited condensed consolidated financial information is prepared in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”), except that the consolidated statement of changes in shareholders’ equity, consolidated statements of cash flows, and the detailed notes have not been presented. Huya uses non-GAAP gross profit, non-GAAP operating loss, non-GAAP net income attributable to HUYA Inc., non-GAAP net income attributable to ordinary shareholders, non-GAAP basic and diluted net income per ordinary shares, and non-GAAP basic and diluted net income per ADS, which are non-GAAP financial measures. Non-GAAP gross profit is gross profit excluding share-based compensation expenses allocated in cost of revenues. Non-GAAP operating loss is operating loss excluding share-based compensation expenses and amortization of intangible assets from business acquisitions. Non-GAAP net income attributable to HUYA Inc. is net income attributable to HUYA Inc. excluding share-based compensation expenses, impairment loss of investments, and amortization of intangible assets from business acquisitions, net of income taxes, to the extent applicable. Non-GAAP net income attributable to ordinary shareholders is net income attributable to ordinary shareholders excluding share-based compensation expenses, impairment loss of investments, and amortization of intangible assets from business acquisitions, net of income taxes, to the extent applicable. Non-GAAP basic and diluted net income per ADS is non-GAAP net income attributable to ordinary shareholders divided by weighted average number of ADS used in the calculation of non-GAAP basic and diluted net income per ADS. The Company believes that separate analysis and exclusion of the impact of (i) share-based compensation expenses, (ii) impairment loss of investments, and (iii) amortization of intangible assets from business acquisitions (net of income taxes), add clarity to the constituent parts of its performance. The Company reviews these non-GAAP financial measures together with GAAP financial measures to obtain a better understanding of its operating performance. It uses the non-GAAP financial measures for planning, forecasting and measuring results against the forecast. The Company believes that non-GAAP financial measures represent useful supplemental information for investors and analysts to assess its operating performance without the effect of (i) share-based compensation expenses, and (ii) amortization of intangible assets from business acquisitions (net of income taxes), which have been and will continue to be significant recurring expenses in its business, and (iii) impairment loss of investments, which may recur when there is observable price change in the future. However, the use of non-GAAP financial measures has material limitations as an analytical tool. One of the limitations of using non-GAAP financial measures is that they do not include all items that impact the Company’s net income for the period. In addition, because non-GAAP financial measures are not measured in the same manner by all companies, they may not be comparable to other similar titled measures used by other companies. In light of the foregoing limitations, you should not consider a non-GAAP financial measure in isolation from or as an alternative to the financial measures prepared in accordance with U.S. GAAP.

The presentation of these non-GAAP financial measures is not intended to be considered in isolation from, or as a substitute for, the financial information prepared and presented in accordance with U.S. GAAP. For more information on these non-GAAP financial measures, please see the table captioned “HUYA Inc. Unaudited Reconciliations of GAAP and Non-GAAP Results” at the end of this announcement.

Exchange Rate Information

This announcement contains translations of certain RMB amounts into U.S. dollars at a specified rate solely for the convenience of the reader. Unless otherwise noted, all translations from RMB to U.S. dollars are made at a rate of RMB7.0176 to US$1.00, the noon buying rate in effect on September 30, 2024, in the H.10 statistical release of the Federal Reserve Board. The Company makes no representation that the Renminbi or U.S. dollar amounts referred to in this announcement could have been or could be converted into U.S. dollars or Renminbi, as the case may be, at any particular rate or at all.

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Among other things, the quotations from management in this announcement, as well as Huya’s strategic and operational plans, contain forward-looking statements. Huya may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (“SEC”), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about Huya’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: Huya’s goals and strategies; Huya’s future business development, results of operations and financial condition; the expected growth of the live streaming market and game market; the expectation regarding the rate at which to gain active users, especially paying users; Huya’s ability to monetize the user base; Huya’s efforts in complying with applicable data privacy and security regulations; fluctuations in general economic and business conditions in China; the economy in China and elsewhere generally; any regulatory developments in laws, regulations, rules, policies or guidelines applicable to Huya; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in Huya’s filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and Huya does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

For investor and media inquiries, please contact: 

In China:

HUYA Inc.
Investor Relations
Tel: +86-20-2290-7829
E-mail: ir@huya.com

Piacente Financial Communications
Jenny Cai
Tel: +86-10-6508-0677
E-mail: huya@tpg-ir.com

In the United States:

Piacente Financial Communications  
Brandi Piacente
Tel: +1-212-481-2050
E-mail: huya@tpg-ir.com

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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SOURCE HUYA Inc.