DUBAI, UAE, May 16, 2022
/PRNewswire/ -- Yalla Group Limited ("Yalla" or the "Company")
(NYSE: YALA), the leading voice-centric social networking and
entertainment platform in the Middle
East and North Africa
(MENA), today announced its unaudited financial results for the
first quarter ended March 31,
2022.
First Quarter 2022 Financial and Operating
Highlights
- Revenues were US$72.3
million in the first quarter of 2022, representing an
increase of 6.9% from the first quarter of 2021.
- Revenues generated from chatting services in the first quarter of
2022 were US$51.9 million.
- Revenues generated from games services in the first quarter of
2022 were US$20.3 million.
- Net income was US$17.7
million in the first quarter of 2022, compared with net
income of US$19.8 million in the
first quarter of 2021. Net margin[1] was 24.5% in
the first quarter of 2022.
- Non-GAAP net income[2] was
US$26.0 million in the first quarter
of 2022, compared with Non-GAAP net income of US$33.6 million in the first quarter of 2021.
Non-GAAP net margin[3] was 35.9% in the first
quarter of 2022.
- Average MAUs[4] increased by
55.3% to 29.2 million in the first quarter of 2022 from 18.8
million in the first quarter of 2021.
- The number of paying users[5] on
our platform increased by 61.0% to 9.4 million in the first quarter
of 2022 from 5.8 million in the first quarter of 2021.
[1] Net
margin is net income as a percentage of revenues.
|
[2] Non-GAAP net income represents
net income excluding share-based compensation. Non-GAAP net income
is a non-GAAP financial measure. See the sections entitled
"Non-GAAP Financial Measures" and "Reconciliation of GAAP and
Non-GAAP Results" for more information about the non-GAAP measures
referred to in this press release.
|
[3]
Non-GAAP net margin is non-GAAP net income as a
percentage of revenues.
|
[4] "Average
MAUs" refers to the average monthly active users in a given period
calculated by dividing (i) the sum of active users for each month
of such period, by (ii) the number of months in such period.
"Active users" refers to registered users who accessed any of our
main mobile applications at least once during a given period. Yalla
and Yalla Ludo have been our main mobile applications since the
beginning of the periods presented herein, and Yalla Parchis has
been a main mobile application of our company since the third
quarter of 2021.
|
[5] "Paying users" refers to
registered users who played a game or purchased our virtual items
or upgraded services using virtual currencies on our main mobile
applications at least once in a given period, except for users who
receive all of their virtual currencies directly or indirectly from
us for free. "Registered users" refers to the number of users who
have registered accounts on our main mobile applications as of a
given time; a registered user is not necessarily a unique user, as
an individual may register multiple accounts on our main mobile
applications.
|
Key Operating
Data
|
For the three months
ended
|
|
March 31,
2021
|
|
March 31,
2022
|
|
|
|
|
Average MAUs (in
thousands)
|
18,806
|
|
29,203
|
|
|
|
|
Paying users (in
thousands)
|
5,839
|
|
9,402
|
|
|
|
|
"We kicked off 2022 with an exceptional operational and
financial performance, demonstrating impressive resilience in the
volatile environment," said Mr. Yang
Tao, Founder, Chairman and CEO of Yalla. "Our group's MAUs
and paying users grew by 55.3% and 61.0% year-over-year,
respectively, to 29.2 million and 9.4 million, and our group's
total revenues reached an all-time high of US$72.3 million, beating the top end of our
guidance. These accomplishments were driven by our ongoing efforts
to broaden and deepen our relationships with our user base,
facilitate monetization and uphold our overall strong operational
efficiency and execution capabilities. We have also made progress
in a number of new initiatives – notably, we will soon introduce
the beta version of our first hard-core mobile game. In addition to
meeting MENA users' evolving needs, both our social metaverse
product Waha and our instant messaging product YallaChat launched
iterations with user-friendly features during the quarter, laying
the solid foundation for enhanced products' synergies and
stickiness and strengthening users' loyalty.
"2022 is undoubtedly shaping up to be a year full of challenges.
During these uncertain times, we will intensify our focus on
pursuing quality growth while remaining steadfast in our mission to
build the most popular online social networking and entertainment
destination in the MENA region." Mr. Yang concluded.
"In the first quarter of 2022, our revenue reached US$72.3 million, beating the top end of our
guidance and demonstrating once again our ability to deliver growth
in a rapidly evolving environment," said Ms. Karen Hu, Chief Financial Officer of Yalla. "We
also increased investments in product development and grew our
talent pool during the quarter to drive new business development.
Meanwhile, we adhered to our ROI-based approach for promotions and
advertising and successfully reduced our group's selling and
marketing expenses by 5.9% quarter-over-quarter while maintaining
robust growth amid macro uncertainty. Our GAAP and non-GAAP net
margin for the quarter remained at healthy levels of 24.5% and
35.9%, respectively, impressive by industry standards, while our
ample cash reserves provide an ongoing solid support for the
expansion of our Yalla ecosystem. Looking forward, we will continue
to refine our resource allocation to progress product innovation
and monetization while boosting sales and marketing efficiency as
well as optimizing capital utilization to grow the group's
long-term profitability."
First Quarter 2022 Financial Results
Revenues
Our revenues were US$72.3 million
in the first quarter of 2022, a 6.9% increase from US$67.6 million in the first quarter of 2021. The
increase was primarily driven by the broadening of our user base
and the enhancement of its monetization capability. Our average
MAUs increased by 55.3%, from 18.8 million in the first quarter of
2021 to 29.2 million in the first quarter of 2022. Another primary
contributor to our solid revenue growth was the significant rise in
the number of paying users, which increased from 5.8 million in the
first quarter of 2021 to 9.4 million in the first quarter of
2022.
In the first quarter of 2022, our revenues generated from
chatting services were US$51.9
million, and revenues from games services were US$20.3 million.
Costs and expenses
Our total costs and expenses were US$54.1
million in the first quarter of 2022, compared with
US$47.4 million in the first quarter
of 2021.
Our cost of revenues was US$27.5 million in the first quarter of
2022, a 14.7% increase from US$24.0
million in the same period last year, primarily due to an
increase in technical service fees resulting from the expansion of
our product portfolio and an increase in salaries and benefits
resulting from the expansion of the operation and maintenance team.
Cost of revenues as a percentage of our total revenues increased
from 35.5% in the first quarter of 2021 to 38.1% in the first
quarter of 2022.
Our selling and marketing expenses were US$12.5 million in the first quarter of 2022, a
49.8% increase from US$8.4 million in
the same period last year, primarily due to higher advertising and
market promotion expenses driven by our continued user acquisition
efforts and expanding product portfolio. Selling and marketing
expenses as a percentage of our total revenues were 17.3% in the
first quarter of 2022, increasing from 12.4% in the first quarter
of 2021. The ratio declined from 19.7% in the fourth quarter of
2021, driven by our more disciplined advertising and promotion
approach.
Our general and administrative expenses were US$8.0 million in the first quarter of 2022, a
31.5% decrease from US$11.7 million
in the same period last year, primarily due to lower share-based
compensation expenses recognized during the first quarter of 2022.
General and administrative expenses as a percentage of our total
revenues decreased from 17.3% in the first quarter of 2021 to 11.1%
in the first quarter of 2022.
Our technology and product development expenses were
US$6.0 million in the first quarter
of 2022, a 79.0% increase from US$3.3
million in the same period last year, primarily due to an
increase in salaries and benefits for our technology and product
development staff, driven by the development of new businesses and
expansion of our product portfolio. Technology and product
development expenses as a percentage of our total revenues
increased from 4.9% in the first quarter of 2021 to 8.3% in the
first quarter of 2022.
Operating income
Operating income was US$18.3
million in the first quarter of 2022, compared with
operating income of US$20.2 million
in the first quarter of 2021.
Non-GAAP operating income[6]
Non-GAAP operating income (which excluded share-based
compensation expenses) in the first quarter of 2022 was
US$26.5 million, compared with
non-GAAP operating income of US$34.0
million in the same period last year.
[6] Non-GAAP operating income
represents operating income excluding share-based compensation.
Non-GAAP operating income is a non-GAAP financial measure. See the
sections entitled "Non-GAAP Financial Measures" and "Reconciliation
of GAAP and Non-GAAP Results" for more information about the
non-GAAP measures referred to in this press release.
|
Income tax expense
Our income tax expense was US$0.61
million in the first quarter of 2022, compared with
US$0.43 million in the first quarter
of 2021.
Net income
As a result of the foregoing, our net income was US$17.7 million in the first quarter of 2022,
compared with a net income of US$19.8
million in the first quarter of 2021.
Non-GAAP net income
Non-GAAP net income (which excluded share-based compensation
expenses) in the first quarter of 2022 was US$26.0 million, compared with non-GAAP net
income of US$33.6 million in the same
period last year.
Earnings per ordinary share
Basic and diluted earnings per ordinary share were US$0.12 and US$0.10
respectively in the first quarter of 2022, while basic and diluted
earnings per ordinary share were US$0.13 and US$0.11
respectively in the same period of 2021.
Non-GAAP earnings per ordinary
share[7]
Non-GAAP basic and diluted earnings per ordinary share were
US$0.17 and US$0.15 respectively in the first quarter of
2022, compared with US$0.23 and US$0.19 respectively in the same period of
2021.
[7] Non-GAAP earnings per ordinary
share is non-GAAP net income attributable to Yalla Group Limited's
shareholders, divided by the weighted average number of basic and
diluted shares outstanding. Non-GAAP earnings per ordinary share is
a non-GAAP financial measure. See the sections entitled "Non-GAAP
Financial Measures" and "Reconciliation of GAAP and Non-GAAP
Results" for more information about the non-GAAP measures referred
to in this press release.
|
Cash and cash equivalents
As of March 31, 2022, we had cash
and cash equivalents of US$367.5
million, compared with cash and cash equivalents of
US$351.5 million as of December 31, 2021.
Extension of the share repurchase
program
Pursuant to the share repurchase program announced on
May 21, 2021, as of March 31, 2022, the Company has repurchased
1,903,205 American depositary shares ("ADSs"), representing
1,903,205 Class A ordinary shares from the open market with cash
for an aggregate amount of approximately US$25.4 million. The aggregate value of ADSs
and/or Class A ordinary shares that may yet be purchased under the
share repurchase program was US$124.6
million as of March 31, 2022.
Our board of directors has approved an extension of the expiration
date of the share repurchase program to May
21, 2023.
The share repurchases may continue to be made from time to time
in the open market at prevailing market prices, in privately
negotiated transactions, in block trades and/or through other
legally permissible means, depending on market conditions and in
accordance with applicable rules and regulations. The Company's
board of directors will review the share repurchase plan
periodically and may authorize adjustment of its terms and size.
The Company expects to fund repurchases made under this plan from
its existing funds.
Outlook
For the second quarter of 2022, the management of the Company
currently expects revenues to be between US$66.0 million and US$70.0 million.
The above outlook is based on the current market conditions and
reflects the Company management's current and preliminary estimates
of market and operating conditions and customer demand, which are
all subject to change.
Conference Call
The Company's management will host an earnings conference call
on Monday, May 16, 2022, at
8:00 P.M. U.S. Eastern Time,
Tuesday, May 17, 2022, at
4:00 A.M. Dubai Time, or Tuesday, May 17, 2022, at 8:00 A.M. Beijing/Hong
Kong time.
Dial-in details for the earnings conference call are as
follows:
United States Toll
Free:
|
+1-888-317-6003
|
International:
|
+1-412-317-6061
|
United Arab Emirates
Toll Free:
|
80-003-570-3589
|
Mainland China Toll
Free:
|
400-120-6115
|
Hong Kong Toll
Free:
|
800-963-976
|
Access Code:
|
4067039
|
Additionally, a live and archived webcast of the conference call
will be available on the Company's investor relations website at
http://ir.yallatech.ae/.
A replay of the conference call will be accessible until
May 23, 2022, by dialing the
following telephone numbers:
United States Toll
Free:
|
+1-877-344-7529
|
International:
|
+1-412-317-0088
|
Access Code:
|
3546455
|
Non-GAAP Financial Measures
To supplement the financial measures prepared in accordance with
generally accepted accounting principles in the United States, or GAAP, this press release
presents non-GAAP financial measures, namely non-GAAP operating
income, non-GAAP net income, non-GAAP net margin and non-GAAP basic
and diluted earnings per ordinary share, as supplemental measures
to review and assess the Company's operating performance. The
presentation of the non-GAAP financial measures is not intended to
be considered in isolation or as a substitute for the financial
information prepared and presented in accordance with U.S. GAAP. We
define non-GAAP operating income as operating income excluding
share-based compensation. We define non-GAAP net income as net
income excluding share-based compensation. We define
non-GAAP net margin is non-GAAP net income as a
percentage of revenues. We define non-GAAP net income attributable
to Yalla Group Limited's shareholders as net income attributable to
Yalla Group Limited's shareholders, excluding share-based
compensation. We define non-GAAP earnings per ordinary share as
non-GAAP net income attributable to Yalla Group Limited's
shareholders, divided by the weighted average number of basic and
diluted shares outstanding.
By excluding the impact of share-based compensation expenses,
which are non-cash charges, the Company believes that the non-GAAP
financial measures help identify underlying trends in its business
and enhance the overall understanding of the Company's past
performance and future prospects. Investors can better understand
the Company's operating and financial performance, compare business
trends among different reporting periods on a consistent basis and
assess its core operating results, as they exclude share-based
compensation expenses, which are not expected to result in cash
payments. The Company also believes that the non-GAAP financial
measures allow for greater visibility with respect to key metrics
used by the Company's management in its financial and operational
decision-making.
The non-GAAP financial measure is not defined under U.S. GAAP
and is not presented in accordance with U.S. GAAP. The non-GAAP
financial measure has limitations as analytical tools. One of the
key limitations of using the non-GAAP financial measures is that
they do not reflect all items of income and expense that affect the
Company's operations. Share-based compensation has been and may
continue to be incurred in the Company's business and is not
reflected in the presentation of non-GAAP financial measures.
Further, the non-GAAP financial measure may differ from the
non-GAAP information used by other companies, including peer
companies, and therefore their comparability may be limited.
The Company compensates for these limitations by providing the
relevant disclosure of its non-GAAP financial measures in the
reconciliations to the nearest U.S. GAAP performance measures, all
of which should be considered when evaluating its performance. The
Company encourages investors and others to review its financial
information in its entirety and not rely on a single financial
measure.
Reconciliation of GAAP and non-GAAP results is set forth at the
end of this press release.
About Yalla Group Limited
Yalla Group Limited is the largest voice-centric social
networking and entertainment platform in the Middle East and Northern Africa (MENA). The Company operates
two flagship mobile applications, Yalla, a voice-centric group chat
platform, and Yalla Ludo, a casual gaming application featuring
online versions of board games, popular in MENA, with in-game voice
chat and localized Majlis functionality. Building on the success of
Yalla and Yalla Ludo, the Company has expanded its content,
creating a regionally-focused, integrated ecosystem dedicated to
fulfilling MENA users' evolving online social networking and
entertainment needs. The ecosystem includes YallaChat, an IM
product tailored for Arabic users; Waha, a social networking
product designed for the metaverse; and games such as Yalla Baloot
and 101 Okey Yalla, developed to sustain vibrant local gaming
communities in the region. Yalla is also actively exploring outside
of MENA, having launched Yalla Parchis, a Ludo game designed for
the South American markets. Yalla's mobile applications deliver a
seamless experience that fosters a sense of loyalty and belonging,
establishing highly devoted and engaged user communities through
close attention to detail and localized appeal that profoundly
resonates with its users. In addition, through its holding
subsidiary, Yalla Game Limited, the Company has expanded its
capabilities in mid-core and hard-core game distribution in the
MENA region, leveraging its local expertise to bring exciting new
content to its users.
For more information, please visit: http://ir.yallatech.ae/
Safe Harbor Statement
This press release contains statements that may constitute
"forward-looking" statements pursuant to the "safe harbor"
provisions of the U.S. Private Securities Litigation Reform Act of
1995. These forward-looking statements can be identified by
terminology such as "will," "expects," "anticipates," "aims,"
"future," "intends," "plans," "believes," "estimates," "likely to"
and similar statements. Statements that are not historical facts,
including statements about Yalla Group Limited's beliefs, plans and
expectations, are forward-looking statements. Forward-looking
statements involve inherent risks and uncertainties. Further
information regarding these and other risks is included in Yalla
Group Limited's filings with the SEC. All information provided in
this press release is as of the date of this press release, and
Yalla Group Limited does not undertake any obligation to update any
forward-looking statement, except as required under applicable
law.
For investor and media inquiries, please contact:
Yalla Group Limited
Investor Relations
Kerry Gao - IR Director
Tel: +86-571-8980-7962
Email: ir@yallatech.ae
The Piacente Group, Inc.
Yang Song
Tel: +86-10-6508-0677
Email: yalla@tpg-ir.com
In the United States:
The Piacente Group, Inc.
Brandi Piacente
Tel: +1-212-481-2050
Email: yalla@tpg-ir.com
YALLA GROUP
LIMITED
|
UNAUDITED CONDENSED
CONSOLIDATED BALANCE SHEETS
|
|
|
|
|
|
|
|
As of
|
|
|
December 31,
2021
|
|
March 31,
2022
|
|
|
US$
|
|
US$
|
ASSETS
|
|
|
|
|
Current
assets
|
|
|
|
|
Cash and cash
equivalents
|
|
351,485,602
|
|
367,460,732
|
Short-term
investments
|
|
2,906,344
|
|
5,876,588
|
Prepayments and other
current assets
|
|
21,957,230
|
|
26,941,116
|
Total current
assets
|
|
376,349,176
|
|
400,278,436
|
Non-current
assets
|
|
|
|
|
Property and equipment,
net
|
|
1,832,952
|
|
1,966,980
|
Operating lease
right-of-use assets
|
|
857,474
|
|
1,715,145
|
Long-term
investments
|
|
1,768,455
|
|
2,247,825
|
Total non-current
assets
|
|
4,458,881
|
|
5,929,950
|
Total
assets
|
|
380,808,057
|
|
406,208,386
|
|
|
|
|
|
LIABILITIES
|
|
|
|
|
Current
liabilities
|
|
|
|
|
Accounts
payable
|
|
4,392,330
|
|
4,164,763
|
Deferred
revenue
|
|
24,971,203
|
|
27,243,392
|
Operating lease
liabilities, current
|
|
472,734
|
|
803,841
|
Amounts due to related
parties
|
|
—
|
|
748,244
|
Accrued expenses and
other current liabilities
|
|
14,896,134
|
|
10,484,113
|
Total current
liabilities
|
|
44,732,401
|
|
43,444,353
|
Non-current
liabilities
|
|
|
|
|
Operating lease
liabilities, non-current
|
|
195,596
|
|
792,656
|
Total non-current
liabilities
|
|
195,596
|
|
792,656
|
Total
liabilities
|
|
44,927,997
|
|
44,237,009
|
|
|
|
|
|
EQUITY
|
|
|
|
|
Shareholders' equity
of Yalla Group Limited
|
|
|
|
|
Class A Ordinary
Shares
|
|
12,484
|
|
12,544
|
Class B Ordinary
Shares
|
|
2,473
|
|
2,473
|
Additional paid-in
capital
|
|
265,647,268
|
|
273,975,501
|
Treasury
stock
|
|
(25,419,808)
|
|
(25,419,808)
|
Accumulated other
comprehensive income
|
|
520,010
|
|
584,727
|
Retained
earnings
|
|
95,123,951
|
|
112,900,422
|
Total shareholders'
equity of Yalla Group Limited
|
|
335,886,378
|
|
362,055,859
|
Non-controlling
interests
|
|
(6,318)
|
|
(84,482)
|
Total
equity
|
|
335,880,060
|
|
361,971,377
|
Total liabilities
and equity
|
|
380,808,057
|
|
406,208,386
|
YALLA GROUP
LIMITED
|
UNAUDITED CONDENSED
CONSOLIDATED STATEMENTS
|
OF
OPERATIONS
|
|
|
|
|
|
|
|
|
|
Three Months
Ended
|
|
|
March 31,
2021
|
|
December 31,
2021
|
|
March 31,
2022
|
|
|
US$
|
|
US$
|
|
US$
|
Revenues
|
|
67,649,094
|
|
67,556,824
|
|
72,337,282
|
Costs and
expenses
|
|
|
|
|
|
|
Cost of
revenues
|
|
(24,000,472)
|
|
(23,928,785)
|
|
(27,527,990)
|
Selling and marketing
expenses
|
|
(8,359,404
|
|
(13,317,368)
|
|
(12,526,461)
|
General and
administrative expenses
|
|
(11,713,739)
|
|
(8,130,904)
|
|
(8,027,870)
|
Technology and product
development expenses
|
|
(3,342,559)
|
|
(3,916,387)
|
|
(5,984,568)
|
Total costs and
expenses
|
|
(47,416,174)
|
|
(49,293,444)
|
|
(54,066,889)
|
Operating
income
|
|
20,232,920
|
|
18,263,380
|
|
18,270,393
|
Interest
income
|
|
8,845
|
|
35,218
|
|
51,119
|
Government
grants
|
|
13,809
|
|
1,406,028
|
|
158,685
|
Investment income
(loss)
|
|
2,162
|
|
147,154
|
|
(168,445)
|
Income before income
taxes
|
|
20,257,736
|
|
19,851,780
|
|
18,311,752
|
Income tax
expense
|
|
(427,972)
|
|
(794,413)
|
|
(613,445)
|
Net
income
|
|
19,829,764
|
|
19,057,367
|
|
17,698,307
|
Net loss attributable
to non-controlling interests
|
|
—
|
|
6,318
|
|
78,164
|
Net income
attributable to Yalla Group
Limited's shareholders
|
|
19,829,764
|
|
19,063,685
|
|
17,776,471
|
YALLA GROUP
LIMITED
|
UNAUDITED CONDENSED
CONSOLIDATED STATEMENTS
|
OF OPERATIONS
(CONTINUED)
|
|
|
|
|
|
|
|
|
|
Three Months
Ended
|
|
|
March 31,
2021
|
|
December 31,
2021
|
|
March 31,
2022
|
|
|
US$
|
|
US$
|
|
US$
|
Earnings per
ordinary share
|
|
|
|
|
|
|
——Basic
|
|
0.13
|
|
0.13
|
|
0.12
|
——Diluted
|
|
0.11
|
|
0.11
|
|
0.10
|
Weighted average
number of shares
|
|
|
|
|
|
|
outstanding used in computing earnings
|
per
ordinary share
|
——Basic
|
|
147,319,197
|
|
149,516,472
|
|
150,157,560
|
——Diluted
|
|
180,045,126
|
|
176,907,506
|
|
176,548,571
|
|
|
|
|
|
|
|
Share-based
compensation was allocated in cost of revenues, selling and
marketing expenses, general and administrative expenses and
technology and product development expenses as follows:
|
|
|
|
|
|
|
|
|
|
Three Months
Ended
|
|
|
March 31,
2021
|
|
December 31,
2021
|
|
March 31,
2022
|
|
|
US$
|
|
US$
|
|
US$
|
Cost of
revenues
|
|
1,709,574
|
|
1,632,754
|
|
1,444,320
|
Selling and marketing
expenses
|
|
3,228,042
|
|
1,878,389
|
|
1,846,594
|
General and
administrative expenses
|
|
8,703,866
|
|
4,689,722
|
|
4,662,669
|
Technology and product
development expenses
|
|
133,831
|
|
325,757
|
|
311,442
|
YALLA GROUP
LIMITED
|
RECONCILIATIONS OF
GAAP AND NON-GAAP RESULTS
|
|
|
|
|
|
|
|
|
|
Three Months
Ended
|
|
|
March 31,
2021
|
|
December 31,
2021
|
|
March 31,
2022
|
|
|
US$
|
|
US$
|
|
US$
|
Operating
income
|
|
20,232,920
|
|
18,263,380
|
|
18,270,393
|
Share-based
compensation expenses
|
|
13,775,313
|
|
8,526,622
|
|
8,265,025
|
Non-GAAP operating
income
|
|
34,008,233
|
|
26,790,002
|
|
26,535,418
|
|
|
|
|
|
|
|
Net income
|
|
19,829,764
|
|
19,057,367
|
|
17,698,307
|
Share-based
compensation expenses
|
|
13,775,313
|
|
8,526,622
|
|
8,265,025
|
Non-GAAP net
income
|
|
33,605,077
|
|
27,583,989
|
|
25,963,332
|
|
|
|
|
|
|
|
Net income attributable
to Yalla
Group Limited's shareholders
|
|
19,829,764
|
|
19,063,685
|
|
17,776,471
|
Share-based
compensation expenses
|
|
13,775,313
|
|
8,526,622
|
|
8,265,025
|
Non-GAAP net income
attributable to
Yalla Group Limited's shareholders
|
|
33,605,077
|
|
27,590,307
|
|
26,041,496
|
|
|
|
|
|
|
|
Non-GAAP earnings
per ordinary share
|
|
|
|
|
|
|
——Basic
|
|
0.23
|
|
0.18
|
|
0.17
|
——Diluted
|
|
0.19
|
|
0.16
|
|
0.15
|
Weighted average
number of shares
|
|
|
|
|
|
|
outstanding used in computing earnings
|
per
ordinary share
|
——Basic
|
|
147,319,197
|
|
149,516,472
|
|
150,157,560
|
——Diluted
|
|
180,045,126
|
|
176,907,506
|
|
176,548,571
|
View original
content:https://www.prnewswire.com/news-releases/yalla-group-limited-announces-unaudited-first-quarter-2022-financial-results-301547915.html
SOURCE Yalla Group Limited