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HUYA Inc. Stock Drops 16% Following Q4 Revenue Decline

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

HUYA Inc. (HUYA) is trading at $3.8050, down 16.19 percent or $0.7350 during Tuesday's trading, after reporting a decline in total net revenues for the fourth quarter of 2024. Revenue came in at RMB1,495.8 million, down from RMB1,529.8 million in the same period of 2023.

The stock opened at $4.3000 and has traded between $3.6600 and $4.3200 so far, compared to a previous close of $4.5400 on the New York Stock Exchange. Trading volume is 5.88 million shares, significantly above the average volume of 1.30 million. The stock's 52-week range is $2.8200 to $6.8400.

The company posted a net loss of RMB172.2 million, improving from RMB275.0 million in the prior year.

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