Yalla Group Limited Announces Unaudited First Quarter 2024 Financial Results [Yahoo! Finance]
Yalla Group Limited American Depositary Shares, each representing one Class A Ordinary Share (YALA)
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Source: Yahoo! Finance
online social networking and gaming company, today announced its unaudited financial results for the first quarter ended March 31, 2024 First Quarter 202 4 Financial and Operating Highlights Revenues 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 margin was 39.5% in the first quarter of 2024. Non-GAAP net income 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 margin was 44.8% in the first quarter of 2024. Average MAUs increased by 14.6% to 37.8 million in the first quarter of 2024 from 33.0 million in the fir
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