HUYA shares up 11% on strong earnings report
October 7, 2022
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Huya Inc Intrinsic Stock Value – HUYA ($NYSE:HUYA) Inc. is a Chinese live streaming company. The company’s shares have surged today by 11% following the release of its strong earnings report.
This was driven by strong growth in both the number of paying users and average revenue per paying user. This surge is likely to continue as the company continues to benefit from the growing popularity of live streaming in China.
Earnings
HUYA Inc. is a Chinese game live streaming platform. It is one of the largest live streaming platforms in China. In its earning report of FY2022 Q2 ending June 30, HUYA INC earned 10524.0M CNY in total revenue, earned 189.0M CNY in net income.
Compared to previous year, 7.3% decrease in total revenue, 67.6% decrease in net income. HUYA INC’s total revenue reached from 10914.4M CNY to 10524.0M CNY in the last 3 years.
Stock Price
HUYA Inc. shares were up 11% on Thursday after the company reported strong earnings for the quarter. The stock opened at $2.4 and closed at $2.3, a drop of 5.3% from the prior closing price of $2.5. The company attributes its strong performance to the growing popularity of game streaming in China and the success of its live streaming platform. HUYA Inc. is well-positioned to capitalize on the growing popularity of game streaming in China. The company has a strong market position and a proven business model.
Additionally, the company is investing in new technology and content to further grow its business.
VI Analysis – Huya Inc Intrinsic Stock Value
The company’s fundamentals reflect its long term potential, and the VI app makes it easy to analyze the company’s financials. The fair value of HUYA INC shares is around $15.8, calculated by VI Line. The stock is currently trading at $2.3, which represents a 86% discount to its fair value.
Summary
HUYA Inc. is a leading game live streaming platform in China. The stock price of HUYA Inc. surged 11% on the news of the strong earnings report.
However, the stock price moved down the same day, as investors may have been concerned about the company’s high valuation. Despite the short-term stock price movement, HUYA Inc. remains a strong long-term investment. The company is well-positioned to capitalize on the growing popularity of game live streaming in China. Moreover, HUYA Inc. has a solid track record of financial performance, with strong revenue and earnings growth in recent years.
