Stock Analyst Note
Huya Earnings: Management Maintains 2024 Outlook; Special Dividend Fuels Share Surge
Huya’s second-quarter earnings met our expectations, and management maintained its 2024 guidance that is broadly in line with our estimates. Shares shot up 17% during US trading in light of management’s announcement of another special dividend of $1.08 per share, or an equivalent of 24% of the company’s market capitalization before Aug. 14’s move.