PR NEWSWIRE - Yalla Group Limited, a leading MENA-based online social networking and gaming company, announced its unaudited financial results for Q2 of 2023. The company reported a 4.1% increase in revenues compared to the same period in 2022, reaching $79.2M. Notably, revenues from chatting services were $55.2M, while those from games services were $24.0M. The company's net income also saw growth, reaching $28.3M, reflecting a 35.7% net margin. Yalla's average MAUs increased by 14.3% to 34.2M, and the number of paying users surged by 26.6% to 13.4M. The company attributes its success to enhanced user engagement, product refinement, and successful strategic investments.
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