Huya (NYSE:HUYA) reported unaudited financial results for the fourth quarter and full year ended December 31, 2025, revealing a strategic shift toward game-related services that has returned the company to top-line growth.
Total net revenue for the fourth quarter reached RMB1,738.5 million, a 16.2% increase over the same period in 2024.
For the full year, the Chinese game-streaming leader posted revenue of RMB6,502.4 million, representing a 7% annual increase.
The standout performer in the results was the "game-related, advertising, and other" revenue segment, which surged 59.4% in the fourth quarter and 43.1% for the full year.
This growth highlights Huya’s successful efforts to diversify its income beyond traditional live-streaming gifts, leaning instead into game distribution, in-game item sales, and advertising partnerships.
Despite the revenue gains, the company reported a net loss of RMB117.6 million for the quarter and a full-year net loss of RMB112.6 million, largely due to ongoing investments in content and technology.
In a move to bolster investor confidence and return capital to shareholders, Huya’s Board of Directors approved a special cash dividend of US$0.135 per ordinary share or ADS.
The dividend, totaling approximately US$31 million, is expected to be paid on or around June 30, 2026.
This payout is supported by a robust balance sheet; as of year-end 2025, Huya held RMB3,818.4 million (approximately US$537.8 million) in cash, cash equivalents, and short- and long-term deposits.