1. Yalla's Q4 revenue hit $90.8 million, a 12.2% increase YoY. 2. Average MAUs rose by 14.4% to 41.4 million in Q4 2024. 3. Operating income grew by 29.4% to $30.1 million in Q4 2024. 4. Yalla's full-year revenue reached $339.7 million, a 6.5% increase. 5. Share buyback program extended until May 2026, with $100.6 million remaining.
Yalla's strong financial performance and revenue growth bolster investor confidence. Similar companies with record earnings have seen stock price increases.
The article outlines strong revenue and user growth, critical factors for stock performance. Share repurchase boosts demand for shares, positively influencing market perception.
Immediate investor reactions to quarterly results can lead to stock price fluctuations. Projections for the next quarter indicate continued growth.
/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 fourth quarter and full year ended December 31, 2024.
| For the three months ended | December 31, 2023 | December 31, 2024 |
|---|---|---|
| Average MAUs (in thousands) | 36,237 | 41,445 |
| Paying users (in thousands) | 11,930 | 12,309 |
[1] Net margin is net income as a percentage of revenues.
[2] Non-GAAP net income represents net income excluding share-based compensation. Non-GAAP net income is a non-GAAP financial measure. See the sections entitled "Non-GAAP Financial Measures" and "Reconciliations of GAAP and Non-GAAP Results" for more information about the non-GAAP measures referred to in this press release.
"We delivered robust 2024 results thanks to our unwavering commitment to driving high-quality growth in a rapidly evolving market. Our revenues rose to US$90.8 million for the fourth quarter, reaching a new record high for the second consecutive quarter and once again beating the upper end of our guidance, while bringing our annual revenue to US$339.7 million," said Mr. Yang Tao, Founder, Chairman and CEO of Yalla.
"As we move into 2025, we will continue to prioritize high-quality development, focusing on both product innovation and refined operational processes. Supported by our strong financial fundamentals and deep regional expertise, we are poised to drive success and invest in our future development, delivering sustainable growth and value to our stakeholders," Mr. Yang concluded.
Our revenues were US$90.8 million in the fourth quarter of 2024, a 12.2% increase from US$80.9 million in the fourth quarter of 2023. The increase was primarily driven by our broadening user base and enhanced monetization capability.
Our total costs and expenses were US$60.7 million in the fourth quarter of 2024, a 5.3% increase from US$57.6 million in the fourth quarter of 2023.
As a result, our net income was US$32.5 million in the fourth quarter of 2024, a 9.7% increase from US$29.7 million in the fourth quarter of 2023.
Basic and diluted earnings per ordinary share were US$0.20 and US$0.18, respectively, in the fourth quarter of 2024.
The Company's management will host an earnings conference call on Monday, March 10, 2025, at 8:00 PM U.S. Eastern Time.
Yalla Group Limited is the largest MENA-based online social networking and gaming company, operating platforms such as Yalla and Yalla Ludo, catering to users in the MENA region.
This press release contains forward-looking statements regarding Yalla Group Limited. Such statements are subject to risks and uncertainties.