HUYA Beats Revenue Estimates in Q1, Yet Faces Challenges in Game Streaming Sector

HUYA Inc (NYSE:HUYA) reported fiscal first-quarter 2024 revenue of $208.31 million, beating the analyst consensus estimate of $206.83 million.

The Chinese game live-streaming platform’s adjusted earnings per ADS was $0.05. 

Live streaming revenues declined to 1.26 billion Chinese yuan ($174.6 million) from 1.86 billion Chinese yuan in the prior-year quarter, owing to the soft macro …

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