Oppenheimer upgraded Yalla Group from Market Perform to Outperform
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DUBAI, UAE, Nov. 11, 2024 /PRNewswire/ -- Yalla Group Limited ("Yalla" or the "Company") (NYSE:YALA), the largest Middle East and North Africa (MENA)-based online social networking and gaming company, today announced its unaudited financial results for the third quarter ended September 30, 2024. Third Quarter 2024 Financial and Operating Highlights Revenues were US$88.9 million in the third quarter of 2024, representing an increase of 4.4% from the third quarter of 2023.Revenues generated from chatting services in the third quarter of 2024 were US$58.5 million.Revenues generated from games services in the third quarter of 2024 were US$30.2 million.Net income was US$39.2 million in the third
DUBAI, UAE, Nov. 1, 2024 /PRNewswire/ -- Yalla Group Limited ("Yalla" or the "Company") (NYSE:YALA), the largest Middle East and North Africa (MENA)-based online social networking and gaming company, today announced that it will report its unaudited financial results for the third quarter 2024 after the U.S. market closes on Monday, November 11, 2024. Yalla Group Limited will hold a conference call on Monday, November 11, 2024, at 8:00 PM Eastern Time, 5:00 AM Dubai Time on Tuesday, November 12, 2024, or 9:00 AM Beijing Time on Tuesday, November 12, 2024, to discuss the financial results. Listeners may access the call by dialing the following numbers: United States Toll Free: +1-888-317-60
DUBAI, UAE, Aug. 12, 2024 /PRNewswire/ -- Yalla Group Limited ("Yalla" or the "Company") (NYSE:YALA), the largest Middle East and North Africa (MENA)-based online social networking and gaming company, today announced its unaudited financial results for the second quarter ended June 30, 2024. Second Quarter 2024 Financial and Operating Highlights Revenues were US$81.2 million in the second quarter of 2024, representing an increase of 2.5% from the second quarter of 2023.Revenues generated from chatting services in the second quarter of 2024 were US$54.9 million.Revenues generated from games services in the second quarter of 2024 were US$26.2 million.Net income was US$31.4 million in the seco
DUBAI, UAE, Nov. 11, 2024 /PRNewswire/ -- Yalla Group Limited ("Yalla" or the "Company") (NYSE:YALA), the largest Middle East and North Africa (MENA)-based online social networking and gaming company, today announced its unaudited financial results for the third quarter ended September 30, 2024. Third Quarter 2024 Financial and Operating Highlights Revenues were US$88.9 million in the third quarter of 2024, representing an increase of 4.4% from the third quarter of 2023.Revenues generated from chatting services in the third quarter of 2024 were US$58.5 million.Revenues generated from games services in the third quarter of 2024 were US$30.2 million.Net income was US$39.2 million in the third
DUBAI, UAE, Nov. 1, 2024 /PRNewswire/ -- Yalla Group Limited ("Yalla" or the "Company") (NYSE:YALA), the largest Middle East and North Africa (MENA)-based online social networking and gaming company, today announced that it will report its unaudited financial results for the third quarter 2024 after the U.S. market closes on Monday, November 11, 2024. Yalla Group Limited will hold a conference call on Monday, November 11, 2024, at 8:00 PM Eastern Time, 5:00 AM Dubai Time on Tuesday, November 12, 2024, or 9:00 AM Beijing Time on Tuesday, November 12, 2024, to discuss the financial results. Listeners may access the call by dialing the following numbers: United States Toll Free: +1-888-317-60
DUBAI, UAE, Aug. 12, 2024 /PRNewswire/ -- Yalla Group Limited ("Yalla" or the "Company") (NYSE:YALA), the largest Middle East and North Africa (MENA)-based online social networking and gaming company, today announced its unaudited financial results for the second quarter ended June 30, 2024. Second Quarter 2024 Financial and Operating Highlights Revenues were US$81.2 million in the second quarter of 2024, representing an increase of 2.5% from the second quarter of 2023.Revenues generated from chatting services in the second quarter of 2024 were US$54.9 million.Revenues generated from games services in the second quarter of 2024 were US$26.2 million.Net income was US$31.4 million in the seco
6-K - Yalla Group Ltd (0001794350) (Filer)
6-K - Yalla Group Ltd (0001794350) (Filer)
6-K - Yalla Group Ltd (0001794350) (Filer)
DUBAI, UAE, Nov. 8, 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 Mr. Saeed Al Hamli, former Chief Executive Officer of Etisalat Egypt, has been appointed as an independent director to the board of directors (the "Board"), effective November 7th, 2021. Mr. Al Hamli will serve as a member of audit committee. Mr. Al Hamli is an accomplished telecommunications executive with excellent leadership skills and extensive experience navigating challenging environments. He had held leading positions in Etisalat Group, a multinationa
DUBAI, UAE, Feb. 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 Ms. Lili Xu has been appointed as an independent director on the Company's board of directors (the "Board"), effective on February 1, 2021. Ms. Xu will serve as a member of audit committee. Ms. Xu has been the chief financial officer of Hangzhou KangSheng Health Consulting Co., Ltd. since October 2020. In addition, Ms. Xu has been serving as an independent director of MINISO Group Holding Limited (NYSE: MNSO). Ms. Xu received a bachelor's degree in inter
SC 13G/A - Yalla Group Ltd (0001794350) (Subject)
SC 13G/A - Yalla Group Ltd (0001794350) (Subject)
SC 13G/A - Yalla Group Ltd (0001794350) (Subject)
Oppenheimer upgraded Yalla Group from Perform to Outperform and set a new price target of $28.00
Oppenheimer upgraded Yalla Group from Market Perform to Outperform
Key Takeaways: Yalla’s revenue continues to grow, as it consolidates its place as a leading Middle Eastern social media and gaming company The company announced its entry to a major British gaming association, as it looks to bring established hardcore games to the Middle East to jumpstart its growth By Doug Young What do you do when you have a well-oiled high-performance car, but have no place to drive it immediately beyond your own backyard? That’s the question facing Yalla Group Ltd. (NYSE:YALA), which has consistently boasted very strong profit growth as it hones its core apps that have made it one of the Middle East and North Africa’s (MENA) top social media and gaming operators.
Yalla Group (NYSE:YALA) reported quarterly Adj earnings of $0.20 per share. The company reported quarterly sales of $78.729 million which beat the analyst consensus estimate of $78.055 million by 0.86 percent. This is a 7.09 percent increase over sales of $73.518 million the same period last year.
Key Takeaways: Yalla’s revenue could return to double-digit growth in the first quarter, as it improves its user monetization and rolls out new functions for its core social media services The company said its first two hardcore games were valuable test cases and is shifting its focus to working with more established game publishers By Doug Young Leading Middle Eastern social media company Yalla Group Ltd. (NYSE:YALA) is getting ready for “Act Two” of its move into mid- and hardcore games, after drawing the curtain on a first act that brought it valuable experience, if not huge new revenues. The company detailed its experience with its foray into serious gaming last year in its lates