HUYA Inc. (NYSE: HUYA) reported Q1 EPS of $0.17, $0.04 better than the analyst estimate of $0.13. Revenue for the quarter came in at $397.6 million versus the consensus estimate of $395.85 million.

First Quarter 2021 Highlights

• Total net revenues for the first quarter of 2021 increased by 8.0% to RMB2,604.8 million (US$397.6 million), from RMB2,411.9 million for the same period of 2020.
• Net income attributable to HUYA Inc. was RMB185.5 million (US$28.3 million) for the first quarter of 2021, representing an increase of 8.4% from RMB171.2 million for the same period of 2020.
• Non-GAAP net income attributable to HUYA Inc.[1] was RMB265.9 million (US$40.6 million) for the first quarter of 2021, representing an increase of 0.9% from RMB263.4 million for the same period of 2020.
• Average mobile MAUs[2] of Huya Live in the first quarter of 2021 reached 75.5 million, compared with 74.7 million in the first quarter of 2020.
• Total number of paying users[3] of Huya Live in the first quarter of 2021 reached 5.9 million, compared with 6.1 million in the first quarter of 2020.

"Building upon the momentum we saw during the pandemic lockdown period last year, our mobile-first strategy continues to gain traction and our mobile MAUs reached 75.5 million in the first quarter of this year," said Mr. Rongjie Dong, Chief Executive Officer of Huya. "We are actively advancing toward our vision of becoming a one-stop destination for comprehensive game-related services and working collaboratively to capture more opportunities across the industry value chain."

Ms. Catherine Liu, Chief Financial Officer of Huya, commented, "We started 2021 with a solid set of operational and financial results. In the first quarter, our total net revenues increased by 8.0% year-over-year to RMB2,604.8 million and our operating income increased by 21.6% year-over-year to RMB162.1 million. Our operating margin also expanded to 6.2% in the first quarter this year, compared with 5.5% in the same period of last year. With our healthy financial results, we are well-positioned to further invest into the future and expand our business."

For earnings history and earnings-related data on HUYA Inc. (HUYA) click here.