HUYA Inc. (NYSE:HUYA) Q1 2019 Earnings Conference Call - Final Transcript

May 17, 2019 • 02:00 am ET


HUYA Inc. (NYSE:HUYA) Q1 2019 Earnings Conference Call - Final Transcript


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Hello, ladies and gentlemen. Thank you for standing by, and welcome to the First Quarter 2019 Earnings Conference Call for HUYA Inc. At this time, all participants are in a listen-only mode. Today's conference call is being recorded.

I'll now turn the call over to Ms. Hanyu Liu (ph), Company Investor Relations. Please go ahead.

Hanyu Liu

Hello, everyone, and welcome to the first quarter 2019 earnings conference call of HUYA Inc. The Company's financial and operational results were issued earlier today and are posted online. You can also view the earnings press release by visiting the IR website at Huya, A replay of the call will be available on IR website in a few hours.

Participants on today's call will be Mr. Rongjie Dong, Chief Executive Officer of Huya; and Mr. Henry Sha, Chief Financial Officer. Management will begin with prepared remarks, and the call will conclude with a Q&A session.

Before we continue, please note that today's discussion will contain forward-looking statements made under the safe harbor provisions of the US Private Securities Litigation Reform Act of 1995. Forward-looking statements involve inherent risks and uncertainties. As such, the Company's results may be materially different from the views expressed today. Further information regarding this and other risks and uncertainties is included in the Company's prospectus and other public filings as filed with the US Securities and Exchange Commission. The Company does not assume any obligation to update any forward-looking statements except as required under applicable law.

Please also note that Huya's earnings press release and this conference call include discussions of unaudited GAAP financial information, as well as unaudited non-GAAP financial measures. Huya's press release contains a reconciliation of the unaudited non-GAAP measures to the unaudited most directly comparable GAAP measures.

I will now turn the call over to our CEO, Mr. Rongjie Dong. Please go ahead.

Rongjie Dong

Hello, everyone. Thank you for joining us for today's call. I would like to talk about two primary topics. One is a review of our business and operations during the first quarter. The other is Huya's new initiatives and underlining strategic thinking as we look ahead.

In terms of key quarterly highlights, Huya's revenues for the first quarter grew 93% year-over-year as we continued delivering game and e-sports content to a highly engaged community of game enthusiasts, while also making progress in the non-game genres, thereby participating -- participation grew faster evidenced by our total monthly average user base growth of 33% year-over-year, reaching 123.8 million in quarter one. In particular, the accelerated growth of our MAUs during the past two quarters has exceeded our expectations.

Looking at the composition and the strategy behind our MAU numbers, we maintained our focus on mobile and solidified our advantages in technology, as well as product diversification for the sake of both user and broadcaster experience. Our mobile strategy paid off with promising results as mobile MAUs for the first quarter continued its strong momentum to 54 million users, up 30% year-over-year and up 6.3% quarter-over-quarter. Mobile