Huya Inc. reported total net revenues of RMB 11.35 billion for the fiscal year ended December 31, 2021, representing a 4.0% increase from RMB 10.91 billion in 2020.
Net income attributable to Huya Inc. was RMB 583.5 million in 2021, a significant decline from the RMB 884.2 million reported in the previous fiscal year.
Live streaming revenue remained the primary income driver, accounting for RMB 10.19 billion of total net revenues, while advertising and other revenues contributed RMB 1.16 billion.
The company's average mobile Monthly Active Users (MAUs) reached 85.4 million in the fourth quarter of 2021, compared to 79.5 million in the same period of 2020.
Cost of revenues rose to RMB 9.39 billion in 2021, primarily driven by higher revenue-sharing fees and content costs paid to live streamers and content creators.
As of December 31, 2021, the company maintained a strong liquidity position with cash, cash equivalents, short-term deposits, and short-term investments totaling RMB 10.9 billion.
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