Yalla rallies on share buyback, hopes for upcoming midcore game
The Middle Eastern social media and gaming company announced it will launch a highly anticipated self-developed midcore game in the third quarter Key Takeaways: Yalla reported its revenue rose 6.5%…
BRIEF: Huya returns to revenue growth after three years of contraction
Livestream gaming company Huya Inc. (HUYA.US) on Tuesday reported it returned to revenue growth in the first quarter of this year, ending more than three years of contraction, as it…
Investors find safe haven in Newborn Town during global trade war
The Middle East-focused social media operator performed strongly in the first quarter, as its stock has been on a recent roll Key Takeaways: Newborn Town’s social networking revenue rose 40%…
DouYu swims away from livestreaming in search of fresher waters
The company’s stock jumped 17% after it reported strong progress in moving beyond its legacy livestream gaming business, even as its quarterly loss swelled Key Takeaways: DouYu’s fourth-quarter revenue sank…
BRIEF: CMGE loss swells on weak year for new games
Game operator CMGE Technology Group Ltd. (0302.HK) said on Wednesday it expects to report that its net loss for 2024 ballooned to 2.2 billion yuan ($304 million) from a loss…
Yalla revenue growth returns to double-digits ahead of new gaming push
The Middle Eastern social media company reported its strongest revenue growth in two years as it prepares to launch two new self-developed games later this year Key Takeaways: Yalla’s revenue…
Uni-Star under fire as its hit games enter twilight phase
The gaming company has applied to list in Hong Kong despite reporting plunging revenue in the first nine months of last year Key Takeaways: Uni-Star has applied to list in…
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