Yalla Group Reports Strong Q3 2024 Performance [Yahoo! Finance]
Yalla Group Limited American Depositary Shares, each representing one Class A Ordinary Share (YALA)
Company Research
Source: Yahoo! Finance
Yalla Group Limited, headquartered in Dubai, UAE, is the largest MENA-based online social networking and gaming company, operating popular mobile applications like Yalla and Yalla Ludo, and providing a localized ecosystem for social networking and gaming in the Middle East and North Africa region. In its unaudited financial results for the third quarter of 2024, Yalla Group Limited reported robust growth, with revenues reaching $88.9 million, marking a 4.4% increase year-over-year. The company also noted a significant rise in net income by 11.2% to $39.2 million, along with improved user engagement metrics, including a 14.5% increase in average monthly active users. Key performance indicators highlighted in the report include a 12% increase in paying users, reaching 12.6 million, and strong contributions from chatting and gaming services, which generated revenues of $58.5 million and $30.2 million, respectively. The company's strategic focus on localization and new game developme
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News
- Yalla Group Reports Third Quarter 2024 Earnings [Yahoo! Finance]Yahoo! Finance
- Yalla Group Ltd (YALA) Q3 2024 Earnings Call Highlights: Record Revenue and User Growth Amid ... [Yahoo! Finance]Yahoo! Finance
- Yalla Group Limited 2024 Q3 - Results - Earnings Call Presentation [Seeking Alpha]Seeking Alpha
- Yalla Group Limited Announces Unaudited Third Quarter 2024 Financial ResultsPR Newswire
- Yalla Group Limited to Report Third Quarter 2024 Financial Results on November 11, 2024 Eastern TimePR Newswire