"Our fourth quarter revenues grew 150.9% year-over-year to US$48.3 million while our non-GAAP net income reached US$23.3 million with growth of 181.6%. As a result of these reasons, other components of technology and product development expenses as a percentage of our total revenues also increased from 2.5% in 2019 to 3.1% in 2020. Yahoo. Kerry Gao - IR Director. Listeners may access the call by dialing the following numbers: The replay will be accessible through March 22, 2021, by dialing the following numbers: A live and archived webcast of the conference call will also be available at the Company's investor relations website at https://ir.yallatech.ae/. Shares of NYSE:YALA opened at $27.15 on Wednesday. Operating income was US$3.8 million in 2020, compared with an operating income of US$29.0 million in 2019. UAE-based social networking and entertainment platform Yalla Group Ltd (YALA) on Monday announced fourth-quarter net income of $9 million or $0.06 per share, higher than $7.78 million or $0.06 per share in the year-ago quarter. Yalla Group LimitedInvestor RelationsKerry Gao – IR DirectorTel: +86-571-8980-7962Email: ir@yallatech.ae, The Piacente Group, Inc.Yang SongTel: +86-10-6508-0677Email: yalla@tpg-ir.com, In the United States:The Piacente Group, Inc.Brandi PiacenteTel: +1-212-481-2050Email: yalla@tpg-ir.com, Yalla Group Limited to Report Fourth Quarter and Full Year 2020 Financial Results on March 15, 2021 Eastern Time. Our cost of revenues was US$61.3 million in 2020, compared with US$20.6 million in last year. Through close attention to detail and localized appeal that deeply resonates with users, Yalla's mobile applications deliver a seamless user experience that fosters a loyal sense of belonging, creating a highly devoted and engaged user community. 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. Other components of general and administrative expenses as a percentage of our total revenues decreased from 6.5% in 2019 to 5.3% in 2020 due to economies of scale. November 09, 2020 Yalla Group Ltd. Third Quarter 2020 Earnings Release . Yalla Group Limited - ADR to Host Earnings Call. DUBAI, UAE, March 1, 2021 / 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 that it will report its unaudited financial results for the fourth quarter and full year 2020 before the U.S. market open on Monday, March 15, 2021. Forward-looking statements involve inherent risks and uncertainties. The increase was mainly driven by (i) share-based compensation expenses of US$0.2 million recognized for the fourth quarter of 2020, and (ii) other components of technology and product development expenses of US$1.4 million for the fourth quarter of 2020, a 223.0% increase from US$0.4 million for the same quarter last year, which was primarily due to an increase in salaries and benefits for our technology and product development staff, which was in turn driven by an expansion of our technology and product development staff due to our increased investment in new products and services. The increase was mainly driven by (i) share-based compensation expenses of US$35.9 million recognized for 2020, and (ii) other components of general and administrative expenses of US$7.1 million for 2020, a 72.6% increase from US$4.1 million for 2019. By excluding the impact of share-based compensation expenses, 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. We define non-GAAP basic and diluted net income (loss) per ADS as non-GAAP basic and diluted net income (loss) per ordinary share as one ADS represent one ordinary share. SA Breaking News. Fourth Quarter Ended December 31, 2020 Financial and Operating Highlights. - Revenues generated from chatting services were US$123.0 million.- Revenues generated from games services were US$11.9 million. [1] Non-GAAP net income represents net income (loss) before share-based compensation. For investor and media inquiries, please contact: Yalla Group LimitedInvestor RelationsYuwei Gao - IR Director Tel: +86-571-8980-7962Email: ir@yallatech.ae, The Piacente Group, Inc. Yang SongTel: +86-10-6508-0677Email: yalla@tpg-ir.com, The Piacente Group, Inc. Brandi PiacenteTel: +1-212-481-2050 Email: yalla@tpg-ir.com, UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS, Accrued expenses and other current liabilities, UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS (CONTINUED), Series Angel Redeemable Convertible Preferred Shares, Series Pre-A Redeemable Convertible Preferred Shares, Series A Redeemable Convertible Preferred Shares, Total liabilities, mezzanine equity and shareholders' equity, UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS, Technology and product development expenses, Accretion of redeemable convertible preferred shares, Dividends distributed to redeemable convertible preferred shareholders, Net income (loss) attributable to ordinary shareholders, UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (CONTINUED), Weighted average number of ordinary shares and ordinary shares equivalents outstanding used in computing earnings per ordinary share. The increase was primarily due to the recognition of share-based compensation expenses. Yalla Group Limited is the leading voice-centric social networking and entertainment platform in the Middle East and Northern Africa (MENA). 03/15 07:41. Yalla Group upgraded to outperform from perform at Oppenheimer Mar. [4] Non-GAAP net income represents net income (loss) before share-based compensation. Our revenues were US$134.9 million in 2020, a 112.6% increase from US$63.5 million in 2019. For the fiscal year ended 31 December 2020, YallaGroup Ltd - ADR revenues increased from $63.5M to $134.9M.Net loss applicable to common stockholders totaled $2.1Mvs. Our non-GAAP net margin remained healthy at 48.3%, reflecting our unique monetization strategy, market positioning and strong operating efficiency. Other components of general and administrative expenses as a percentage of our total revenues decreased from 8.1% in the fourth quarter of 2019 to 5.4% in the fourth quarter of 2020 due to economies of scale. For more information, please visit: http://ir.yallatech.ae/. For the first quarter of 2021, the management of the Company currently expects revenues to be between US$60.0 million and US$63.0 million, which would represent an increase of approximately 184.7% to 198.9% from US$21.1 million for the first quarter of 2020. With 2021 well underway, we are very confident we can deliver another year of sturdy growth and profitability as we continue to execute on our strategic roadmap.". As we continue ahead in 2021 with the goal of building the most popular destination for online social networking and entertainment in MENA, we are focused on three key priority areas: growing our Yalla community and cultivating a friendly and engaging environment, providing users with a quality and localized product experience, and diversifying our platform's product portfolio to create brand extension and deeper loyalty," concluded Mr.Yang. 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. The increase was mainly driven by (i) share-based compensation expenses of US$7.7 million recognized for 2020, and (ii) other components of selling and marketing expenses of US$14.0 million for 2020, a 70.1% increase from US$8.3 million for 2019 that was primarily due to higher advertising and market promotion expenses as a result of our continued user acquisition efforts. [3] "Paying users" refers to registered users who purchased our virtual items or upgrade services using virtual currencies on our platform at least once in a given period, except for users who receive all of their virtual currencies directly or indirectly from us for free. DUBAI, UAE, March 15, 2021-- #YallaGroup Limited announced its unaudited financial results for the fourth quarter and full year ended December 31, 2020. Yalla Group Limited Announces Unaudited Fourth Quarter and Full Year 2020 Financial Results PR Newswire – 03/15/2021 DUBAI Yalla Group Limited ( YALA ), the leading voice-centric social networking and entertainment platform in the Middle East and North Africa, today announced its unaudited financial results for the fourth quarter and full year ended December 31, 2020. Our technology and product development expenses were US$5.2 million in 2020, compared with US$1.6 million in 2019. We define non-GAAP net income (loss) per ordinary share as non-GAAP net income (loss) attributable to ordinary shareholders of Yalla Group Limited, using the two-class method, divided by weighted average number of basic and diluted share outstanding. The Company also operates Yalla Ludo, a mobile application featuring online versions of board games that are highly popular in MENA, such as Ludo and Domino. Our technology and product development expenses were US$1.6 million in the fourth quarter of 2020, compared with US$0.4 million in the same period last year. Yalla Group released the company's 4Q 2020 financial results on March 15, 2021 after trading hours, and its share price jumped by +15% from $23.55 on the day of results release to … Why Yalla Stock Popped on Monday Morning: 4: The Motley Fool: 15.03. October 29, 2020 GMT. 03/15 06:15. The increase was primarily due to the recognition of share-based compensation expenses upon the listing of our ADSs on the New York Stock Exchange. 03/15 06:17. Yalla Group Limited. Mar 15, 2021 10:00 AM UTC. PR Newswire. Yalla Group Limited is the leading voice-centric social networking and entertainment platform in the Middle East and Northern Africa (MENA). Code of Business Conduct and Ethics: Audit Committee Charter: Compensation Committee Charter: Nominating and Corporate Governance Committee Charter : Below is a summary of our committee structure and membership … Shares of Yalla Group (NYSE:YALA) popped by as much as 15% this morning after the company reported fourth-quarter earnings. Our total costs and expenses were US$39.0 million in the fourth quarter of 2020, compared with US$10.9 million in the fourth quarter of 2019. The Company strives to maintain users' equal status on its platform, thereby encouraging all of them to freely communicate and interact with each other. Yalla Group (NYSE:YALA) issued its earnings results on Monday. DUBAI, UAE, Nov. 8, 2020 /PRNewswire/ -- Yalla Group Limited ("Yalla" or the "Company") (NYSE: YALA), the leading voice-centric social networking and entertainment platform in … Find the latest Earnings Report Date for Yalla Group Limited American Depositary Shares, each representing one Class A Ordinary Share (YALA) at Nasdaq.com. Date Title; March 15, 2021 Yalla Group Ltd. Fourth Quarter 2020 Earnings Release . Further information regarding these and other risks is included in Yalla Group Limited's filings with the SEC. As of December 31, 2020, we had cash and cash equivalents of US$236.9 million, as compared to cash and cash equivalents of US$75.7 million as of September 30, 2020. Non-GAAP net income (which exclude share-based compensation expenses) for 2020 was US$64.0 million, a 121.3% increase from US$28.9 million for the 2019. Private Securities Litigation Reform Act of 1995. Yalla Group Limited (NYSE:YALA) Q3 2020 Earnings Conference Call November 9, 2020 8:00 PM ET. 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 that it will report its unaudited financial results for the fourth quarter and full year 2020 before the U.S. market open on Monday, March 15, 2021. Dial-in details for the earnings conference call are as follows: 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/. Our total costs and expenses were US$131.2 million in 2020, compared with US$34.5 million in last year. Our income tax expense was US$0.33 million in the fourth quarter of 2020, compared with US$0.13 million in the fourth quarter of 2019. Number of shares sold short was 3.41 Million … Our net income was US$3.2 million in 2020, compared with net income of US$28.9 million in 2019. In-game real-time chats and Ludo chat room functions are popular social networking features among users. Our income tax expense was US$0.86 million in 2020, compared with US$0.44 million in 2019. Other components of cost of revenues as a percentage of our total revenues increased from 30.3% in the fourth quarter of 2019 to 33.6% in the same period in 2020, primarily due to (i) an increase in salaries and benefits for our staff related to the operations, which was in turn driven by an expansion of our staff related to the operations due to the increasing user base of our products, and (ii) an increase in commission fee for third-party payment platforms. Corporate Governance . Basic and diluted net loss per ordinary share were US$0.02 for 2020, while basic and diluted net income per ordinary share was US$0.22 in 2019. Company Participants. Company Profile; Management ; Board of Directors; Corporate Governance; Stock Information. Other components of cost of revenues as a percentage of our total revenues slightly increased from 32.4% in 2019 to 33.4% in 2020, primarily due to an increase in commission fee for third-party payment platforms. DUBAI, UAE, March 1, 2021 Yalla Group Limited (YALA), the leading voice-centric social networking and entertainment platform in the Middle East and North Africa, today announced that it will report its unaudited financial results for the fourth quarter and full year 2020 before the U.S. market open on Monday, March 15, 2021. 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. "2020 concluded with an outstanding fourth quarter, as expansion of our user community and advancement of our monetization capabilities thrusted growth momentum even further, across the board," said Mr.Yang Tao, Founder, Chairman and Chief Executive Officer of Yalla. Yalla Group Limited to Report Fourth Quarter and Full Year 2020 Financial Results on March 15, 2021 Eastern Time March 1, 2021 | finance.yahoo.com Why Yalla Stock Skyrocketed 77.9% in January 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. The Company compensate for these limitations by reconciling the non-GAAP financial measure to the nearest U.S. GAAP performance measure, all of which should be considered when evaluating its performance. "Our leadership position as a voice-centric social networking and entertainment platform in MENA is clearly being demonstrated by our robust top-line and bottom-line growth that continued in the quarter," said Ms. Karen Hu, Chief Financial Officer of Yalla. The Company's flagship mobile application, Yalla, is specifically tailored for the people and local cultures of the region and primarily features Yalla rooms, a mirrored online version of the majlis or cafés where people spend their leisure time in casual chats. Quarterly Results. The increase was primarily driven by the widening of Yalla's and Yalla Ludo's user base and the robust enhancement in Yalla Ludo's monetization capability. Yalla Group Limited ("Yalla" or the "Company") (NYSE: YALA), the leading voice-centric social networking and entertainment platform in the Middle East … The company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.05), MarketWatch Earnings reports. Yalla Group Limited to Report Fourth Quarter and Full Year 2020 Financial Results on March 15, 2021 Eastern Time 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 that... Feb 1, 2021 "Registered users" refers to users who have registered accounts on our platform as of a given time; a registered user is not necessarily a unique user, however, as an individual may register multiple accounts on our platform, and consequently, the number of registered users we present in this prospectus may not equal the number of unique users who have registered on our platform as of a given time. Yalla Group Limited (NYSE:YALA) Q4 2020 Earnings Conference Call March 15, 2021 8:00 AM ET. Our selling and marketing expenses were US$21.7 million in 2020, compared with US$8.3 million in 2019. The Company's flagship mobile application, Yalla, is specifically tailored for the people and local cultures of the region and primarily features Yalla rooms, a mirrored online version of the majlis or cafés where people spend their leisure time in casual chats. Company Participants. See the sections entitled "Non-GAAP Financial Measures" and "Reconciliations of Non-GAAP Measures to the Nearest Comparable GAAP Measures" for more information about the non-GAAP measures referred to in this results announcement. Posted by James Nelson on Mar 17th, 2021 Yalla Group (NYSE:YALA) issued its earnings results on Monday. Yang Tao - … MT Newswires -- Earnings Flash (YALA) YALLA GROUP LIMITED Reports Q4 Revenue $48.3M, vs. Street Est of $41.2M. Yalla Group Limited (NYSE:YALA) Q4 2020 Earnings Conference Call March 15, 2021 8:00 AM ET. Yalla Group Limited to Report Fourth Quarter and Full Year 2020 Financial Results on March 15, 2021 Eastern Time Mar 1, 2021 Yalla Group Limited Announces Appointment of Independent Director Kerry Gao - IR Director. The increase was mainly driven by (i) share-based compensation expenses of US$16.3 million recognized for 2020, and (ii) other components of cost of revenues of US$45.0 million for 2020, a 119.0% increase from US$20.5 million for 2019, which was in line with our revenue growth and primarily due to our expanding business scale. Higher Monthly Active Users, Chatting Services Drive Yalla's Q4 results. Non-GAAP operating income (which exclude share-based compensation expenses) for the fourth quarter of 2020 was US$23.7 million, a 183.4% increase from US$8.3 million for the same quarter last year. For details, please click https://ir.yallatech.ae for more information. Yalla Group Limited Announces Unaudited Fourth Quarter and Full Year 2020 Financial Results Yalla Group Limited Announces Unaudited Fourth Quarter and Full Year 2020 Financial Results… Investor Relations Home; Corporate Information. 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. 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. Yalla Group Limited Announces Unaudited Fourth Quarter and Full Year 2020 Financial Results PR NewswireMon, Mar. Investor FAQs Information Request Email Alerts IR Contacts. Other components of selling and marketing expenses as a percentage of our total revenues decreased from 13.0% in 2019 to 10.4% in 2020, primarily due to (i) free promotion from Apple's and Google's app stores as a result of the high quality and localization of our products, and (ii) our increasing brand awareness and brand loyalty across the region. Non-GAAP basic and diluted net income per ordinary share (which exclude share-based compensation expenses) were US$0.64 and US$0.57 respectively, compared to US$0.22 in 2019. DUBAI, UAE, March 1, 2021 Yalla Group Limited (YALA), the leading voice-centric social networking and entertainment platform in the Middle East and North Africa, today announced that it will report its unaudited financial results for the fourth quarter and full year 2020 before the U.S. market open on Monday, March 15, 2021.
Gare D'epinay Sur Seine, Jamy Gourmaud Age, Abc Tabs Tablatures Artistes, Toile Détaillée Animal Crossing, Les Tuches 1 Location, Video Centre De Tri Des Déchets, Radio Isa Retrouver Un Titre, Casino Bonus Sans Dépôt, Moto Gp Calendrier, Les Nouveaux Constructeurs Adresse Siège, Le Parisien Asnières,
Commentaires récents