Huya, a livestreaming gaming platform, saw a 16% decline in revenue during the second quarter but saw significant growth in its new game-related services. This diversification effort aims to counter declining revenue from its main streaming business, but the company faces challenges including a softening Chinese economy and low margins.
Huya Inc. (HUYA) is scheduled to release its second-quarter 2024 earnings on August 13th. Analysts expect a revenue decline year-over-year, but growth in earnings. Key factors driving performance include a growing user base, robust in-game services, and expansion of broadcaster-customized virtual items. However, the Zacks model suggests a neutral outlook for the earnings beat.
