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Yalla Announces Unaudited Q4 and Full Year 2022 Financial Results

YALLA - Yalla, the largest MENA-based online social network and gaming company, announced its unaudited financial results for the Q4 and full year ended Dec 31, 2022.

In Q4 of 2022:

• Revenues were $75.1M, representing an increase of 11.2% from the Q4 of 2021.
• Net income was $16.6M, compared with $19.1M in Q4 of 2021.
• Net margin was 22.1%. Non-GAAP net income was $21.7M, compared with $27.6M in Q4 of 2021.
• Non-GAAP net margin was 29.0%.
• Average MAUs increased by 14.0% to 32M from 28.1M in Q4 of 2021.
• The number of paying users increased by 47.8% to 12.5M in Q4 of 2022 from 8.4M in Q4 of 2021.

In the full year of 2022:

• Revenues were $303.6M, representing an increase of 11.2% from 2021.
• Net income was $79.0M, compared with $82.6M in 2021. Net margin was 26.0%.
• Non-GAAP net income was $105.7M, compared with $126.5M in 2021. Non-GAAP net margin was 34.8%.

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Yalla Q3 Revenue Passes $80M as Steady Growth Continues

ACN NEWSWIRE - Yalla's Q3 2022 financial results highlighted that it surpassed revenue expectations during the quarter and maintained steady growth. Yalla's revenues were $80.1M, representing a YoY increase of 12.3% and a QoQ increase of 5.2%. The figure surpasses the revenue guidance for the quarter ($75M) and represents a new record for the social media outfit. Revenues from chatting services reached $56.2M, representing a YoY increase of 4.3% and a QoQ increase of 6.7%. Revenues generated from gaming services were $23.9M, representing a YoY increase of 36.9% and a QoQ increase of 2.3%.

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Yalla Announces Unaudited Q3 2022 Financial Results

PR NEWSWIRE - Yalla, the leading voice-centric social networking and entertainment platform in the MENA, announced its unaudited financial results for Q3 2022. The revenues were $80.1M, representing an increase of 12.3% from Q3 2021. The revenues generated from chatting services were $56.2M and $23.9M from game services. The net income was $24.4M, compared with $25.3M in Q3 2021. Net margin was 30.5%. The non-GAAP net income was $29.4M, compared with $33.2M in Q3 of 2021. The non-GAAP net margin was 36.7%. Average MAUs increased by 19.1% to 30.9M from 25.9M in Q3 2021. The number of paying users increased by 50.3% to 11.5M from 7.7M in Q3 of 2021.

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Yalla Announces Unaudited Q2 2022 Financial Results

PR NEWSWIRE - Yalla, the leading voice-centric social networking and entertainment platform in the MENA, announced its unaudited financial results for Q2 ended Jun 30. Revenues were $76.1M in Q2 2022, representing an increase of 14.2% from Q2 2021. Revenues generated from chatting services were $52.7M. Revenues generated from games services were$23.3M. Net income was $20.4M, compared with a net income of $18.4M. The net margin was 26.7%. Non-GAAP net income was $28.6M, compared with non-GAAP net income of $32.1M. Non-GAAP net margin was 37.6%. Average MAUs increased by 35.6% to 29.9M. The number of paying users on our platform increased by 65.3% to 10.6M.

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Yalla Announces Unaudited Q1 2022 Financial Results

PR NEWSWIRE - Yalla, the leading voice-centric social networking and entertainment platform in the MENA, announced its unaudited financial results for Q1 2022. Revenues were $72.3M, representing an increase of 6.9% from Q1 2021. Revenues generated from chatting services were $51.9M. Revenues generated from games services were $20.3M. Net income was $17.7M, compared with $19.8 million in Q1 2021. Net margin was 24.5%. Non-GAAP net income was $26M, compared with $33.6M Q1 2021. Non-GAAP net margin was 35.9%. Average MAUs increased by 55.3% to 29.2M from 18.8M in Q1 2021. The number of paying users on the platform increased by 61.0% to 9.4M from 5.8M in Q1 2021.

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Yalla's Revenue Jumps ~102% in 2021 at Dh1B

GULF NEWS - UAE-based social networking platform Yalla saw its revenue jump 102.4% in 2021 at Dh1B (~$272M) as it diversified its product offerings, including its new chat version and game distribution process. MAU in Q4 reached 28.1M while paying users increased to 8.4M, the company said. Net income saw a ~100% increase for the full year at 464.57M (up 97.7%) compared to Dh235M in 2020.

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Yalla Group Announces Dismissal of Securities Class Action Lawsuit

PR NEWSWIRE - Yalla Group, the leading voice-centric social networking and entertainment platform in the MENA, announced that the lead plaintiffs in a securities class-action lawsuit against the Company and its CEO voluntarily dismissed the lawsuit. It marks a successful and final conclusion of the lawsuit for the Company. The Company maintained that the lawsuit had no factual basis.

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Lawsuit Filed for Investors in Shares of Yalla

OPEN PR - Aug 24 - An investor, who purchased shares of Dubai-based Yalla, filed a lawsuit in the US over alleged violations of Federal Securities Laws by Yalla. The plaintiff claims Yalla and its CEO made materially false and misleading statements regarding the Company's business and financial metrics.

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Yalla: Unicorn or Just Empty Talk?

SEEKING ALPHA - May 28 - Yalla's shares are down more than 12% over the past week following a classic short-seller attack, even after the UAE-based company quickly refuted allegations of accounting tricks and announced a $150M share buyback. Yalla is founded in China, often likened to a Middle East version of Clubhouse. As the first UAE-based tech unicorn listed on the New York Stock Exchange, Yalla shares tapped Clubhouse fever to soar to a high of $41.35 in February, or 5.5 times its IPO price of $7.50 per ADS from last September. The wild gyrations have seen Yalla's stock tumble from pre-attack levels by nearly 20% before rebounding somewhat in the following days.

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Yalla Announces Unaudited Q1 2021 Financial Results

PR NEWSWIRE - May 12 - Yalla, the voice-centric social networking and entertainment platform in the Middle East and North Africa (MENA), announced its unaudited financial results for Q1 ended March 31, 2021. Revenues were $67.6M, representing an increase of 221.0% from Q1 of 2020. Revenues generated from chatting services were $54.8M. Revenues generated from games services were $12.8M. Net income was $19.8M, and net margin was 29.3%, representing an increase of 114.6%. Non-GAAP net income was $33.6M, representing an increase of 263.7%. The non-GAAP net margin was 49.7%. Average MAUs increased by 206.9% to 18.8M from 6.1M. The number of paying users increased by 260.4% to 5.8M from 1.6M.

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Yalla Group Jumps 8% After 4Q Revenue Beats Estimates

YAHOO FINANCE - Mar 16 - YALA delivered a stronger-than-expected 4Q performance, driven by triple-digit growth in monthly active users as well as paying users. Shares of the voice-centric social networking and entertainment platform were up about 8% in morning trade on Mar 15. YALA revenue jumped 150.9% YOY to hit $48.3M, topping analysts' estimates of $41.2M. Its MAUs increased 295.4% YOY to 16.4M. Meanwhile, the company's number of paying users on the platform witnessed a YOY surge of 624.2% to 5.2M in 4Q. The company posted adjusted earnings of $0.15 per share, up 150% year-over-year, with the figure exceeding analysts' expectations of $0.12 per share.

by Ben Mahaney
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Yalla Announces Appointment of Independent Director

PR NEWSWIRE - Feb 2 - Yalla Group Limited, the leading voice-centric social networking and entertainment platform in the Middle East and North Africa, announced that Ms. Lili Xu has been appointed as an independent director on the Company's board of directors, effective on Feb 1. Ms. Xu will serve as a member of the audit committee. Ms. Xu has been the chief financial officer of Hangzhou KangSheng Health Consulting Co., Ltd. since Oct 2020. In addition, Ms. Xu has been serving as an independent director of MINISO Group Holding Limited. Ms. Xu received a bachelor's degree in international business from Nanjing University in Jun 2003 and a master of science degree in local economic development from the London School of Economics and Political Science in Nov 2004. Ms. Xu is a public accountant certified by the Board of Accountancy of Washington State of the United States.

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Yalla's Q3 2020 Results: Revenue up 90%

PR NEWSWIRE - Nov 8 - Yalla, the voice-centric social networking and entertainment platform in the Middle East and North Africa (MENA), announced Q3 results. Paying users increased 895% to 5.1M users. Revenue was up 90% to $33.8M, YOY. The increase was primarily driven by the Yalla's and Yalla Ludo's increased user base. Revenue generated from chatting services (Yalla) was $30.3M, and $3.5M from Yala Ludo games. Net loss was $31M. Operating income was $15.6M, up 70% YOY. Average MAUs increased 359% to 14.3M. For Q4 2020, the company expects revenues to be $35M to $36M.

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Yalla Group Prices US IPO at $7.5

NASDAQ - Oct 1 - Yalla Group, which provides a voice-centric social networking and entertainment platform in MENA (Middle East and North Africa), raised $140M by offering 18.6M ADSs at $7.50, within the range of $7 to $9. Yalla Group plans to list on the NYSE under the symbol YALA.

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Yalla Group Sets Terms for $149 Million US IPO

NASDAQ - Sep 24 - Yalla Group, which provides a voice-centric social networking and entertainment platform in the Middle East and North Africa region, has announced terms for its IPO. The Dubai company plans to raise $149M by offering 18.6M ADSs at a price range of $7 to $9. Insider Orchid Asia intends to purchase $30M worth of ADSs in the offering. Yalla had ~12.5M monthly user visits and 5.4M paying users in the 2Q20. On average, its active users spent ~4.5 hours in its live voice chat rooms and 1.4 hours playing casual games. Yalla Group was founded in 2016 and booked $90M in revenue for the 12 months ended June 30, 2020.

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