In 2025, discovery won’t be about browsing; it will be about playing. If you’ve invested in game studios, platforms, or gaming tech, here’s why you should care about the play-to-discover shift:
Key Takeaways: Huya’s revenue declined 16% in the second quarter, but income from its new game-related services more than doubled The company is trying to diversify its revenue in the face of a softening Chinese economy and low margins By Warren Yang
HUYA beats analyst estimates with $208.31M revenue in Q1 2024. Adjusted earnings per ADS was $0.05. Live streaming revenue declined, while game-related services and advertising revenue grew 137.6% Y/Y. Gross margin at 14.7%. Cash and equivalents at $1.30B.
Key Takeaways: CMGE said it has formed a partnership with Guangzhou Chaojing Investment aimed at tapping the latter’s strong position in e-sports CMGE’s shares rose 3.2% on the news and have rallied 30% in the past week on renewed investors interest in the gaming sector after a prolonged crackdown that is now easing
