HUYA Q4 Loss Narrows, Revenues Down; Announces 2025-2027 Dividend Plan, Extends Buyback Program

(RTTNews) - Chinese live game streamer HUYA Inc. (HUYA), while reporting narrower net loss and lower revenues in its fourth quarter, on Tuesday announced that its Board of directors has approved a cash dividend plan for the years 2025, 2026, and 2027. The Board has also authorized another extension of its previously announced share repurchase program to March 31, 2026.

With its 2025-2027 Dividend Plan, the company said it aims to enhance shareholder returns and optimize the company's capital structure.

The 2025-2027 Dividend Plan consists of a cash dividend to be paid in 2025 and cash dividends currently expected to be paid in 2026 and 2027.

The 2025 Cash Dividend of $1.47 per ordinary share or $1.47 per ADS will be paid to holders of ordinary shares and holders of ADSs of record as of the close of business on June 17. The total amount of cash to be distributed for the 2025 Cash Dividend is expected to be approximately $340 million, which will be funded by surplus cash on the Company's balance sheet. The payment date for holders of ordinary shares and holders of ADSs is expected to be on or around June 30.

The Expected 2026 and 2027 Dividends consist of dividends in cash in the aggregate amount expected to be no less than $30 million in 2026 and no less than $30 million in 2027.

Regarding its share repurchase program, the company said its Board in August 2024 had authorized an extension of the expiry date of the program announced in August 2023 to March 31, 2025. Under the program, the company may repurchase up to $100 million of its ADSs or ordinary shares over a 12-month period.

As of December 31, 2024, the company had repurchased 19.1 million ADSs with a total aggregate consideration of $63.6 million under this program.

The Board has now authorized another extension of the share repurchase program to March 31, 2026.

In its fourth quarter, net loss was RMB172.20 million or $23.59 million, compared to loss of RMB274.97 million in the same period last year. Loss per ordinary share as well as ADS was RMB0.75 or $0.10, compared to loss of RMB1.14 a year ago.

Adjusted earnings were RMB1.23 million or RMB0.01 per share for the period, compared with net loss of RMB189.7 million or RMB0.79 per share for the same period of 2023..

Revenue declined to RMB1.50 billion or $204.93 million from RMB1.529 billion in the same period last year.

In pre-market activity on the NYSE, Huya shares were gaining around 1.3 percent to trade at $4.6000.

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