Huya's Latest Earnings Show There's More Room for Growth in Earnings and Revenue

Huya (NYSE: HUYA), a leading Chinese video live-streaming platform, this week announced a commendable result for the fourth quarter of 2020. Revenue improved by 21% (in constant currency) while net income surged 59% thanks to growth in the number of paying users and the average spending per user.

Besides these top-line numbers, there are three major takeaways that investors should take into account about this company from the Q4 announcement.

The year 2020 was a challenging one for most companies amid the COVID-19 pandemic and the ensuing economic recession. Yet, as a video live-streaming business, Huya ended up benefiting from the changes the pandemic created as people who were stuck at home spent more time on its platform. Its latest result clearly shows that.

Source Fool.com