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.
Twitch has officially rolled out its new TikTok-like discovery feed, allowing users to browse short-form video content from both followed and suggested streamers. The feed, accessible through the iOS and Android apps, features live streams and highlight clips, providing users with a convenient way to find new content to watch. This launch follows earlier testing of the feed and aligns with the growing trend of popular apps implementing short-form video features to cater to users’ preferences for quick and engaging content.
