Yalla Group Limited Announces Unaudited First Quarter 2024 Financial Results
Yalla Group Limited American Depositary Shares, each representing one Class A Ordinary Share (YALA)
Company Research
Source: PR Newswire
DUBAI, UAE, May 20, 2024 /PRNewswire/ -- Yalla Group Limited ("Yalla" or the "Company") (NYSE: YALA), the largest Middle East and North Africa (MENA)-based online social networking and gaming company, today announced its unaudited financial results for the first quarter ended March 31, 2024.First Quarter 2024 Financial and Operating HighlightsRevenues were US$78.7 million in the first quarter of 2024, representing an increase of 7.1% from the first quarter of 2023.Revenues generated from chatting services in the first quarter of 2024 were US$52.2 million.Revenues generated from games services in the first quarter of 2024 were US$26.5 million.Net income was US$31.1 million in the first quarter of 2024, a 56.2% increase from US$19.9 million in the first quarter of 2023. Net margin1 was 39.5% in the first quarter of 2024.Non-GAAP net income2 was US$35.3 million in the first quarter of 2024, a 38.4% increase from US$25.5 million in the first quarter of 2023. Non-GAAP net margin3 was 44.8%
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YALA
News
- Is Yalla Group Limited's (NYSE:YALA) Latest Stock Performance A Reflection Of Its Financial Health? [Yahoo! Finance]Yahoo! Finance
- Yalla Group Limited Announces Unaudited First Quarter 2024 Financial Results [Yahoo! Finance]Yahoo! Finance
- Yalla Group Limited to Report First Quarter 2024 Financial Results on May 20, 2024 Eastern TimePR Newswire
- Yalla Group Releases 2023 ESG Report [Yahoo! Finance]Yahoo! Finance
- Yalla Group Releases 2023 ESG ReportPR Newswire
YALA
Sec Filings
- 5/21/24 - Form 6-K
- 4/23/24 - Form 20-F
- YALA's page on the SEC website