HUYA Inc. (NYSE:HUYA) Q1 2024 Earnings Conference Call May 13, 2024 8:00 AM ET
Company Participants
Hanyu Liu - IR
Ashley Wu - Acting Co-CEO and VP of Finance
Junhong Huang - Director, Acting Co-CEO and SVP
Conference Call Participants
Lei Zhang - Bank of America Securities
Yiwen Zhang - China Renaissance
Ritchie Sun - HSBC
Thomas Chong - Jefferies
Hanyu Liu
Good day and good evening and thank you for standing by. Welcome to HUYA's First Quarter 2024 Earnings Webinar. I am Hanyu Liu from HUYA's Investor Relations. At this time, all participants are in listen-only mode. Please be advised that today's webinar is being recorded.
The company's financial and operational results were issued earlier today and are posted online. You can also view the earnings press release by visiting the IR website at ir.huya.com. A replay of the call will be available on the IR website in a few hours.
Participants of management on today's call will be Mr. Junhong Huang, HUYA's Acting Co-CEO and Senior Vice President; and Ms. Ashley Wu, Acting Co-CEO and Vice President of Finance. Management will begin with prepared remarks and the call will conclude with a Q&A session.
Before we continue please note that today's discussion will contain forward-looking statements made on the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements involve inherent risks and uncertainties. As such, the company's results may be materially different from the views expressed today.
Further information regarding these and other risks and uncertainties is included in the company's prospectus and other public filings as filed with the U.S. Securities and Exchange Commission. The company does not assume any obligation to update any forward-looking statements except as required under applicable law.
Please also note that HUYA's earnings press release and this conference call include discussions of unaudited GAAP financial information as well as unaudited non-GAAP financial measures. HUYA's press release contains a reconciliation of the unaudited non-GAAP measures to the unaudited most directly comparable GAAP measures.
With that, I'm pleased to turn the call over to our Co-CEO and SVP, Mr. Huang. Please go ahead.
Junhong Huang
Okay. Thank you, Hanyu. Hello, everyone.
Thank you for joining our earning conference today. We are pleased to deliver first quarter results featuring a healthy user-based expansion, gross in-game-related services, and a more stable overall revenue trend. We also improved our profitability with non-GAAP net income reaching approximately RMB 92 million.