Yalla Group Limited operates a voice-centric social networking and entertainment platform under the Yalla name primarily in the Middle East and North Africa region. The company's platform sells virtual items, as well as provides upgrade services. It also offers group chatting and games services. The company was formerly known as FYXTech Corporatio. Yalla Group Limited was founded in 2016 and is headquartered in Dubai, the United Arab Emirates.
IPO Year: 2020
Exchange: NYSE
Website: yallatech.ae
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
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
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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, Aug. 2, 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 second quarter 2024 after the U.S. market closes on Monday, August 12, 2024. Yalla Group Limited will hold a conference call on Monday, August 12, 2024, at 8:00 PM Eastern Time, 4:00 AM Dubai Time on Tuesday, August 13, 2024, or 8:00 AM Beijing Time on Tuesday, August 13, 2024, to discuss the financial results. Listeners may access the call by dialing the following numbers: United States Toll Free: +1-888-317-6003 Inte
DUBAI, UAE, May 20, 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 first quarter ended March 31, 2024. First Quarter 2024 Financial and Operating Highlights Revenues were US$78.7 million in the first quarter of 2024, representing an increase of 7.1% from the first quarter of 2023.Revenues generated from chatting services in the first quarter of 2024 were US$52.2 million.Revenues generated from games services in the first quarter of 2024 were US$26.5 million.Net income was US$31.1 million in the first quar
DUBAI, UAE, May 10, 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 first quarter 2024 after the U.S. market closes on Monday, May 20, 2024. Yalla Group Limited will hold a conference call on Monday, May 20, 2024, at 8:00 PM Eastern Time, 4:00 AM Dubai Time on Tuesday, May 21, 2024, or 8:00 AM Beijing Time on Tuesday, May 21, 2024, to discuss the financial results. Listeners may access the call by dialing the following numbers: United States Toll Free: +1-888-317-6003 International: +1
DUBAI, UAE, April 24, 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 published its 2023 Environmental, Social and Governance (ESG) Report. The report details the Company's performance and future goals across five major areas, including responsible governance, environment, trust, people and community, highlighting its ongoing sustainability efforts and progress. Mr. Tao Yang, Founder, Chairman and CEO of Yalla, commented, "ESG has been an essential component of our long-term business vision and core values since day one. Amid 2023's dynamic international
DUBAI, UAE , April 23, 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 has filed its annual report on Form 20-F that includes its audited financial statements for the fiscal year ended December 31, 2023 with the U.S. Securities and Exchange Commission (the "SEC") on April 23, 2024, U.S. Eastern Time. The annual report can be accessed on Yalla's investor relations website at https://ir.yalla.com and on the SEC's website at https://www.sec.gov. The Company will also provide a hard copy of the annual report containing its audited consolidat
DUBAI, UAE, March 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 fourth quarter and full year ended December 31, 2023. Fourth Quarter 2023 Financial and Operating Highlights Revenues were US$80.9 million in the fourth quarter of 2023, representing an increase of 7.7% from the fourth quarter of 2022.Revenues generated from chatting services in the fourth quarter of 2023 were US$52.2 million.Revenues generated from games services in the fourth quarter of 2023 were US$28.5 million.Net income was US$29.7
DUBAI, UAE, March 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 fourth quarter and full year 2023 after the U.S. market closes on Monday, March 11, 2024. Yalla Group Limited will hold a conference call on Monday, March 11, 2024, at 8:00 PM Eastern Time, 4:00 AM Dubai Time on Tuesday, March 12, 2024, or 8:00 AM Beijing Time on Tuesday, March 12, 2024, to discuss the financial results. Listeners may access the call by dialing the following numbers: United States Toll Free: +1-888-31
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, Aug. 2, 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 second quarter 2024 after the U.S. market closes on Monday, August 12, 2024. Yalla Group Limited will hold a conference call on Monday, August 12, 2024, at 8:00 PM Eastern Time, 4:00 AM Dubai Time on Tuesday, August 13, 2024, or 8:00 AM Beijing Time on Tuesday, August 13, 2024, to discuss the financial results. Listeners may access the call by dialing the following numbers: United States Toll Free: +1-888-317-6003 Inte
DUBAI, UAE, May 20, 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 first quarter ended March 31, 2024. First Quarter 2024 Financial and Operating Highlights Revenues were US$78.7 million in the first quarter of 2024, representing an increase of 7.1% from the first quarter of 2023.Revenues generated from chatting services in the first quarter of 2024 were US$52.2 million.Revenues generated from games services in the first quarter of 2024 were US$26.5 million.Net income was US$31.1 million in the first quar
DUBAI, UAE, May 10, 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 first quarter 2024 after the U.S. market closes on Monday, May 20, 2024. Yalla Group Limited will hold a conference call on Monday, May 20, 2024, at 8:00 PM Eastern Time, 4:00 AM Dubai Time on Tuesday, May 21, 2024, or 8:00 AM Beijing Time on Tuesday, May 21, 2024, to discuss the financial results. Listeners may access the call by dialing the following numbers: United States Toll Free: +1-888-317-6003 International: +1
DUBAI, UAE, March 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 fourth quarter and full year ended December 31, 2023. Fourth Quarter 2023 Financial and Operating Highlights Revenues were US$80.9 million in the fourth quarter of 2023, representing an increase of 7.7% from the fourth quarter of 2022.Revenues generated from chatting services in the fourth quarter of 2023 were US$52.2 million.Revenues generated from games services in the fourth quarter of 2023 were US$28.5 million.Net income was US$29.7
DUBAI, UAE, March 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 fourth quarter and full year 2023 after the U.S. market closes on Monday, March 11, 2024. Yalla Group Limited will hold a conference call on Monday, March 11, 2024, at 8:00 PM Eastern Time, 4:00 AM Dubai Time on Tuesday, March 12, 2024, or 8:00 AM Beijing Time on Tuesday, March 12, 2024, to discuss the financial results. Listeners may access the call by dialing the following numbers: United States Toll Free: +1-888-31
DUBAI, UAE, Nov. 20, 2023 /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, 2023. Third Quarter 2023 Financial and Operating Highlights Revenues were US$85.2 million in the third quarter of 2023, representing an increase of 6.4% from the third quarter of 2022.Revenues generated from chatting services in the third quarter of 2023 were US$53.9 million.Revenues generated from games services in the third quarter of 2023 were US$31.2 million.Net income was US$35.2 million in the third
DUBAI, UAE, Aug. 14, 2023 /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, 2023. Second Quarter 2023 Financial and Operating Highlights Revenues were US$79.2 million in the second quarter of 2023, representing an increase of 4.1% from the second quarter of 2022.- Revenues generated from chatting services in the second quarter of 2023 were US$55.2 million. - Revenues generated from games services in the second quarter of 2023 were US$24.0 million. Net income was US$28.3 million in the