Furthermore, segments for different game titles and tournaments are also being created, and official accounts operated by the game studios can join the community to provide the latest game information and strategies. The community also serves as a discussion board between users and their favorite broadcasters, promoting better interaction between broadcasters and their fans to cultivate deeper bonds during livestreaming hours.Įngaged in community interactions and activities, users are more motivated to produce high-quality UGC in the video category through our algorithm-driven recommendations and operations. More specifically, version 10.0, we are live, has a social community called Tiger chit-chat which features broader-based content ranging from videos, images, and the text post to Q&A, strategies, and the events. Our newest version 10.0 of Huya Live app further integrates community features and enhances the user interaction experience. With respect to product upgrades, we have found positive strides in product interest using product innovations for our users. Our Huya Live app next month user retention rate remained above 70% in addition to our growing active user base. User stickiness also improved, with total user time spent on our platform in the quarter growing by about 12% year over year. Additionally, it further highlights both the necessity and the efficiency of our content investment strategies and the product improvements. This growth was mainly due to the continuous investment of quality content, as well as product upgrades and optimization, which leveled our platforms user appeal. Huya Live mobile MAUs reached 83.6 million in the second quarter, representing encouraging growth of 7.7% from the year-over-year period. Now, let me walk you through some of our key metrics. We sustained growth in mobile MAUs and instituted aforementioned measures across our product upgrades and the game industry value chain integration. In spite of all the external factors, our Q2 results marked another quarter of user expansion. With that in mind, we remain focused on future opportunities. and prosper as market conditions stabilize. Our business is a resilient one, which we expect to rebound. We are confident we have leverage in our business as we scale further in the game livestreaming industry through consistent investments in quality content and innovative products, while continuing to provide attractive games in sports and the entertainment content that satisfies the core needs of our users. Essentially, our strong foundation and the business fundamentals will carry us through the long term. We'll work to mitigate the effects on our business by dynamically adjusting our monetization strategies across our platform's operations.
And together with the macro headwinds, Q2 domestic livestreaming revenue increased by mid single digits on a quarter-over-quarter basis.ĭespite the impact, we still managed to grow our user base, as well as achieve approximately RMB 2.3 billion in revenues and approximately RMB 6 million in non-GAAP net income in the second quarter of 2022. The prudent adjustments we undertook in Q2 carried a very immediate impact to certain facets of our business. And we will continue to closely follow policy updates and make timely adjustments to ensure compliance. We mentioned in our previous earnings that the new domestic livestreaming regulations, which were introduced in May, mainly focused on tipping behavior and the protection for minors.Īccordingly, we adjusted the associated products and the operations on our platform. Our 2022 second quarter was largely conditioned by the turbulence in the macro and regulatory environment. Thank you, all, for joining our conference call today. I will now turn the call over to our CEO, Mr. Huya's press release contains a reconciliation of the unaudited non-GAAP measures to the unaudited most directly comparable GAAP measures.
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