Home » Huya will increase revenue but not profit in 2021: net profit drops by 34%, gross profit margin in the fourth quarter is about zero jqknews

Huya will increase revenue but not profit in 2021: net profit drops by 34%, gross profit margin in the fourth quarter is about zero jqknews

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Huya will increase revenue but not profit in 2021: net profit drops by 34%, gross profit margin in the fourth quarter is about zero jqknews


March 22,HuyaRelease 2021performanceAccording to the report, the total revenue was 11.3514 billion yuan, and 10.9144 billion yuan in 2020, a year-on-year increase of 4.0%; attributable toshareholderofnet profitIt was 583.5 million yuan, compared with 884.2 million yuan in 2020, a year-on-year decrease of 34.01%; the adjusted net profit was 454.4 million yuan, and 1.2615 billion yuan in 2020, a year-on-year decrease of 63.98%. Among them, the total revenue in the fourth quarter was 2.8087 billion yuan, compared with 2.9903 billion yuan in the same period in 2020, a year-on-year decrease of 6.07%, the net loss attributable to shareholders was 312.7 million yuan, and the net profit in 2020 was 253.2 million yuan, from profit to loss; The adjusted net loss was 241.7 million yuan, and the adjusted net profit in 2020 was 305.9 million yuan.

Huya will increase revenue but not profit in 2021: net profit drops by 34%, gross profit margin in the fourth quarter is about zero

Revenue, 2021,HuyaThe total revenue was 11.3514 billion yuan and 10.9144 billion yuan in 2020, a year-on-year increase of 4.0%. Among them, live broadcast revenue was 10.1862 billion yuan, compared with 10.3116 billion yuan in 2020, a year-on-year decrease of 1.22%; advertising and other income was 1.1652 billion yuan, and 602.8 million yuan in 2020, a year-on-year increase of 93.3%.

In terms of costs and expenses,HuyaThe cost of revenue increased by 12.8% to RMB 9,751.2 million from RMB 8,646.3 million in 2020. Among them, revenue sharing and content costs increased by 18.2% from 7.0868 billion yuan in 2020 to 8.3746 billion yuan; bandwidth costs decreased by 18.8% from 879.2 million yuan in 2020 to 713.7 million yuan in fiscal year 2021; research and development expenses from 7.343 million in 2020 RMB 100 million increased by 11.5% to RMB 818.9 million in fiscal 2021; sales and marketing expenses were RMB 759.5 million, an increase of 36.1% from RMB 558 million in 2020; general and administrative expenses decreased by 26.6% to RMB 3.268 from RMB 445 million in 2020 billion.

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In terms of profitability, Huya’s operating loss in fiscal year 2021 was 30.2 million yuan, while operating profit in 2020 was 725 million yuan; gross profit fell 29.4% from 2,268.1 million yuan in 2020 to 1,600.3 million yuan; gross profit in fiscal year 2021interest rateThe net profit attributable to shareholders was 583.5 million yuan, compared with 884.2 million yuan in 2020, a year-on-year decrease of 34.01%; the adjusted net profit was 454.4 million yuan, In 2020, it was 1.2615 billion yuan, a year-on-year decrease of 63.98%.

From the fourth quarter alone, Huya’s total revenue in the fourth quarter of 2021 was 2.8087 billion yuan, compared with 2.9903 billion yuan in the same period in 2020, a year-on-year decrease of 6.07%, the net loss attributable to shareholders was 312.7 million yuan, and the net profit in 2020 was 253.2 million yuan, from profit to loss; the adjusted net loss was 241.7 million yuan, and the adjusted net profit in 2020 was 305.9 million yuan.Gross profit in the fourth quarter was RMB 1.1 million, compared with a gross profit of RMB 597.7 million in the same period in 2020;interest rateAbout zero, compared to 20.0% in the same period in 2020.

In terms of users, Huya Live’s average mobile MAU in the fourth quarter of 2021 increased by 7.4% to 85.4 million from 79.5 million in the same period of 2020. The total number of paying users was 5.6 million, compared with 6 million in the same period in 2020, a decrease of 6.67% year-on-year.

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(Article source: CDC Finance)

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