HUYA (HUYA)

• HUYA Inc. announced the strong initial market performance of Goose Goose Duck mobile, co-published with Kingsoft Shiyou, following its open beta launch in the Chinese mainland on January 7, 2026.
• The game recorded over 5 million new registered users within the first 24 hours of launch.
• Goose Goose Duck mobile reached the No. 1 spot on both the overall free apps and free games charts on the Apple App Store in the Chinese mainland.
• HUYA played a key role in the title's launch by spearheading content-driven marketing and publishing initiatives, leveraging its comprehensive streamer resources and integrated live streaming and video content capabilities.

• HUYA Inc. will serve as the official organizer and exclusive streaming platform for the 2025 Demacia Cup, a significant League of Legends e-sports tournament in China.
• The tournament, which runs from December 15, 2025, to January 3, 2026, marks the first time since 2014 that hosting rights have been granted to a third party, indicating Huya's expanding role in the League of Legends e-sports ecosystem.
• Huya has introduced multiple format enhancements for the event, which will feature 14 League of Legends Pro League (LPL) teams and two streamer squads.
• This role demonstrates Huya's strengthened capabilities in organizing, producing, and operating large-scale professional e-sports events, reinforcing its position in the gaming and e-sports landscape.

• Total net revenues for the third quarter of 2025 increased by 9.8% to RMB1,688.3 million (US$237.1 million), compared to RMB1,537.7 million for the same period of 2024.
• Net income attributable to HUYA Inc. was RMB9.6 million (US$1.3 million) for the third quarter of 2025, a decrease from RMB23.6 million for the same period of 2024.
• Non-GAAP net income attributable to HUYA Inc. was RMB36.3 million (US$5.1 million) for the third quarter of 2025, down from RMB78.0 million for the same period of 2024.
• Game-related services, advertising and other revenues increased by 29.6% to RMB531.6 million (US$74.7 million) for the third quarter of 2025, accounting for over 30% of total net revenues for the first time.
• Average MAUs for the third quarter of 2025 were 162.3 million.

• HUYA reported total net revenues of approximately RMB 1.69 billion for Q3 2025, a 10% year-over-year increase.
• Live streaming revenues grew 3% year-over-year to RMB 1.16 billion in Q3 2025, marking the first positive year-over-year growth since Q3 2021.
• Game-related services, advertising, and other revenues increased 30% year-over-year to RMB 532 million, now accounting for 31.5% of total net revenues, driven significantly by in-game item sales growth of over 200% year-over-year.
• The company achieved a non-GAAP operating income of RMB 6.3 million and a non-GAAP net income of RMB 36 million for Q3 2025.
• HUYA launched its first game publishing title, Goose Goose Duck Mobile, which saw pre-registrations surpass 10 million during its second round of testing in October. The company also expects overall revenue growth to accelerate in 2026 compared to 2025.

• HUYA reported total net revenues of approximately RMB 1.69 billion for Q3 2025, representing a 10% year-over-year growth.
• The company achieved a non-GAAP operating profit of approximately RMB 6.3 million and a non-GAAP net income of RMB 36 million for the quarter.
• Live streaming revenues increased 3% year-over-year to RMB 1.16 billion, marking the first positive year-over-year growth for this segment since Q3 2021.
• Game-related services, advertising, and other revenues grew significantly by 30% year-over-year to RMB 532 million, now comprising 31.5% of total net revenues. This growth was largely driven by in-game item sales revenue, which surged over 200% year-over-year.
• Looking ahead to Q4 2025, live streaming revenues are anticipated to remain stable, while non-live streaming businesses are expected to continue their rapid growth, potentially accelerating further. The company also announced the upcoming launch of its first game publishing title, Goose Goose Duck Mobile, which garnered over 10 million pre-registrations during its October testing.

HUYA reported strong financial performance in Q3 2025, with total net revenues reaching approximately RMB 1.7 billion, a 10% year-over-year growth, and achieving a non-GAAP operating income of approximately RMB 6.3 million.

The company's live streaming revenues saw a 3% year-over-year increase, marking its first positive year-over-year growth since Q3 2021. Game-related services, advertising, and other revenues grew 30% year-over-year, driven significantly by in-game item sales revenue which increased by over 200%.

Game-related services, advertising, and other revenues now account for 31.5% of total net revenues, surpassing 30% for the first time. Total MAUs remained stable at around 162 million.

HUYA expects live streaming revenues to remain stable in Q4 2025, while non-live streaming businesses are projected to continue strong growth, potentially accelerating further. The company anticipates overall revenue growth to accelerate in 2026 compared to 2025.

A key strategic initiative is the upcoming launch of Goose Goose Duck Mobile, which garnered over 10 million pre-registrations during its October testing phase, positioning it as a significant step in HUYA's game publishing strategy.

Here is a summary of key financial and operational metrics for Q3 2025:

• HUYA Inc. reported total net revenues of RMB1,688.3 million (US$237.1 million) for the third quarter of 2025, an increase of 9.8% year-over-year. This growth was primarily driven by a 29.6% rise in game-related services, advertising and other revenues to RMB531.6 million (US$74.7 million), which accounted for over 30% of total net revenues for the first time.
• Net income attributable to HUYA Inc. for Q3 2025 was RMB9.6 million (US$1.3 million), compared to RMB23.6 million for the same period in 2024. Non-GAAP net income attributable to HUYA Inc. was RMB36.3 million (US$5.1 million), down from RMB78.0 million in Q3 2024.
• The company's average Monthly Active Users (MAUs) for the third quarter of 2025 were 162.3 million.
• Management noted a return to a promising growth trajectory and improved operating performance, attributing it to steady execution on revenue diversification and prudent cost management.

• HUYA Inc. has entered into a strategic partnership with Kingsoft Shiyou to co-publish the mobile version of the popular social deduction game, Goose Goose Duck, in Chinese mainland.
• Under the collaboration, Huya will jointly promote and publish the game on major game live streaming platforms and Tencent-owned platforms, and will also serve as the joint promotion partner for the game's live streaming content.
• This partnership signifies Huya's strategic entry into the game publishing arena and further integrates the company into the gaming ecosystem.