Huya: Strong eSports Platform But High Valuations

About: HUYA Inc. (HUYA)
by: Himalayas Research
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Himalayas Research
Long/short equity, research analyst, tech, gaming

Total revenue was up 103% yoy, beat consensus by 7%.

Live streaming was up 108%.

Average MAU increased 35% to 117m.

Q1 revenue guidance a bit on the light side.

Strong growth but rich valuations.

Huya Inc (HUYA) is a live streaming platform which primarily features video gaming. It is one of the largest and most active platform in regards to MAUs. Huya also co-organizes eSports events with