Huya is taking advantage of the growing demand for game live streaming

Huya douyu Photo:VCG

Huya Inc, one of China’s leading gaming live-streaming platforms, reported an increase in monthly active users (MAUs), showing its expanding user base.

Huya’s total net revenue for fiscal 2021 rose to 11.35 billion yuan ($1.78 billion), an increase of 4.0 percent from a year earlier, according to published financial results. Tuesday.

In the fourth quarter of 2021, its total net income was 2.81 billion yuan, and the average mobile MAU hit a record high of 85.4 million, up 7.4% year-on-year.

During the fourth quarter of 2021, it broadcast 125 licensed esports tournaments, generating a total audience of around 605 million. In particular, the 2021 Worlds received a record number of viewers on the platform, with the number of viewers doubling compared to 2020.

CEO Dong Rongjie said the company will focus on enriching content quality and diversity, cultivating content creators, and advancing technology and product innovations.

Douyu, another gaming-centric live streaming platform in China, also released its latest quarterly results on March 16, 2022.

Douyu posted a net loss for five consecutive quarters, and its net loss for the whole of 2021 was 620.2 million yuan, compared with net profit of 404.7 million yuan during the same period.