Huya FY2026 Q2 Unaudited Earnings Release

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HUYA Inc. Reports Second Quarter 2026 Unaudited Financial Results

GUANGZHOU, China, August 11 , 202 6 /PRNewswire/ — HUYA Inc. (“Huya” or the “Company”)
(NYSE: HUYA), a leading game – related entertainment and services provider, today announced its
unaudited financial results for the second quarter ended J une 30, 2026 .

S ec ond Quarter 2026 Highlights

• Total net revenues increased by 11 . 0 % to RMB 1 , 739 . 3 million (US$ 256 . 3 million) for the second
quarter of 2026, from RMB1,567.1 million for the same period of 2025.
• Game – related services, advertising and other revenues increased by 54 . 1 % to RMB 637 . 9
million (US$ 94 . 0 million) for the second quarter of 2026, from RMB413.9 million for the same
period of 202 5.
• Operating loss narrowed to RMB 7.0 million (US$ 1 . 0 million) for the second quarter of 2026,
compared with RMB 23.7 million for the same period of 2025.
• Non – GAAP
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operating income was RMB 16 . 2 million (US$ 2 . 4 million) for the second quarter of
2026, compared with RMB0.4 million for the same period of 2025.
• Net income attributable to HUYA Inc. was RMB 1 . 6 million (US$ 0 . 2 million) for the second
quarter of 2026, compared with a net loss attributable to HUYA Inc. of RMB 5.5 million for the
same period of 2025.
• Non – GAAP net income attributable to HUYA Inc. was RMB 36 . 4 million (US$ 5 . 4 million) for
the second quarter of 2026, compared with RMB47.5 million for the same period of 2025 .

Mr. Junhong Huang, Acting Chief Executive Officer of Huya, commented, “Huya’s strategic
transformation gained further traction in the second quarter of 2026. Total net revenues reached
RMB1.7 4 b illion, up 11.0% year – over – year, while game – related services, advertising, and other
revenues increased 54.1% year – over – year to RMB637.9 million and represented 36.7% of total net
revenues.”

“ Goose Goose Duck mobile re – entered the Top 5 on the Apple App Store free games chart in the
Chinese mainland at the end of July , further validating Huya’s content – led game publishing model.
Game publishing remains a strategic priority for Huya and our pipeline is robust, with The Legend of
Swordman: Reunion and Xiao X iao Qi Y u both progressing toward launch. Goose Goose Duck
mobile’s strong performance demonstrates how Huya’s content ecosystem and integrated marketing
capabilities can drive user acquisition, engagement and monetization, reinforcing our confidence in
the long – term potential of this business,” Mr. Huang concluded.

Mr. Raymond Peng Lei, Chief Financial Officer of Huya, added, “We continue to see financial
improvement at the operating level , supported by ongoing growth in game – related services , advertising
and other revenues . We are pleased to announce that our board of directors has approved an increase
in the total authorized amount of our 2026 Share Repurchase Program from US$50 million to US$100
million, reflecting our confidence in Huya’s business outlook and our commitmen t to enhancing long –
term shareholder value .”

Second Quarter 2026 Financial Results

Total net revenues increased by 11 . 0 % to RMB 1 , 739 . 3 million (US$ 256 . 3 million) for the second
quarter of 2026, from RMB 1,567.1 million for the same period of 2025.

Live streaming revenues were RMB 1 , 101 . 5 million (US$ 162 . 3 million) for the second quarter of 2026,
compared with RMB 1,153.2 million for the same period of 2025, primarily reflecting the live
streaming industry’s current environment .

Game – related services, advertising and other revenues increased by 54 . 1 % to RMB 637 . 9 million
(US$ 94 . 0 million) for the second quarter of 2026, from RMB 413.9 million for the same period of
2025. The increase was primarily driven by higher revenues from in – game item sales and advertising ,
as well as the contribution from the commercialization of Goose Goose Duck mobile .

Cost of revenues increased by 9 . 6 % to RMB 1 , 484.3 million (US$ 218.8 million) for the second quarter
of 2026, from RMB 1,354.8 million for the same period of 2025, generally in line with the increase in
revenues, primarily due to increased revenue sharing fees and costs of in – game virtual items . Revenue
sharing fees and content costs, a key component of cost of revenues, increased by 3 . 2 % year – over –
year to RMB 1 , 214 . 7 million (US$ 179.0 million) for the second quarter of 2026.

Gross profit increased by 20.1 % to RMB 255.0 million (US$ 37.6 million) for the second quarter of
2026, from RMB 212.3 million for the same period of 2025. Gross margin was 14 . 7 % for the second
quarter of 2026, compared with 13.5% for the same period of 2025.

Research and development expenses de creased by 1.4 % to RMB 120.4 million (US$ 17 . 8 million)
for the second quarter of 2026, from RMB 122.2 million for the same period of 2025.

Sales and marketing expenses increased by 57.7 % to RMB 91.0 million (US$ 13 . 4 million) for the
second quarter of 2026, from RMB57.7 million for the same period of 2025, primarily due to continued
marketing and promotional efforts related to Goose Goose Duck mobile .

General and administrative expenses de creased by 8.4 % to RMB 58.4 million (US$ 8 . 6 million) for
the second quarter of 2026, from RMB63.7 million for the same period of 2025 , primarily due to
decreased professional service fees .

Other income was RMB 7 . 8 million (US$ 1 . 2 million) for the second quarter of 2026, compared with
RMB 7.6 million for the same period of 2025.

Operating loss narrowed to RMB 7.0 million (US$ 1 . 0 million) for the second quarter of 2026,
compared with RMB 23.7 million for the same period of 2025.

Non – GAAP operating income was RMB 16 . 2 million (US$ 2 . 4 million) for the second quarter of
2026, compared with RMB0.4 million for the same period of 202 5 .

Interest income decreased by 56.6% to RMB 25 . 7 million (US$ 3 . 8 million) for the second quarter of
2026 , from RMB 59.1 million for the same period of 2025, primarily due to a decrease in the average
deposit balance as a result of special cash dividends and lower interest rates.

Net income attributable to HUYA Inc. was RMB 1 .6 million (US$ 0.2 million) for the second quarter
of 2026, compared with a net loss attributable to HUYA Inc. of RMB 5.5 million for the same period
of 2025.

Non – GAAP net income attributable to HUYA Inc. was RMB 36.4 million (US$ 5 . 4 million) for the
second quarter of 2026, compared with RMB47.5 million for the same period of 2025.

Basic and diluted net income per American depositary share (“ADS”) were each RMB 0.01
(US$ 0.00 ) for the second quarter of 2026 . Basic and diluted net loss per ADS were each RMB 0.02 for
the second quarter of 2025. Each ADS represents one Class A ordinary share of the Company.

Non – GAAP basic and diluted net income per ADS were each RMB 0.16 (US$ 0.02 ) for the second
quarter of 2026. Non – GAAP basic and diluted net income per ADS were each RMB 0.21 for the second
quarter of 2025.

As of June 30, 2026, the Company had cash and cash equivalents, short – term deposits and long –
term deposits of RMB 3 , 213.1 million (US$ 473 . 5 million), compared with RMB 3,455 . 1 million as of
March 31, 2026.

Share Repurchase Program
On August 7 , 2026, the Company’s board of directors authorized an increase of US$50 million to the
authorized repurchase amount under the Company’s existing share repurchase program originally
adopted on March 18, 2026 (the “ 2026 Share Repurchase Program ”). Following such increase, the
total authorized repurchase amount under the 2026 Share Repurchase Program is US$100 million. As
of June 30, 2026, the Company had repurchased 3.2 million ADSs under the 2026 Share Repurchase
Program for an aggregate consider ation of US$ 7.6 million.
Earnings Webinar

The Company’s management will host a Tencent Meeting Webinar at 6:00 a.m. U.S. Eastern Time on
August 11, 2026 (6:00 p.m. Beijing/Hong Kong time on August 11, 2026), to review and discuss the
Company’s business and financial performance.

For participants who wish to join the webinar, please complete the online registration in advance using
the links provided below. Upon registration, participants will receive an email with webinar access
information, including meeting ID, meeting link, dia l – in numbers, and a unique attendee ID to join the
webinar.

Participant Online Registration :

Chinese Mainland
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: https://meeting.tencent.com/dw/A1SX8Btn31yk
International: https://voovmeeting.com/dw/A1SX8Btn31yk

A live webcast of the webinar will be accessible at https://ir.huya.com , and a replay of the webcast
will be available following the session.

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The Company’s non – GAAP financial measures exclude share – based compensation expenses, amortization of intangible assets from
business acquisitions, and impairment loss of investments, to the extent applicable. For more information, please refer to th e sect ion
titled “Use of Non – GAAP Financial Measures” and the table captioned “HUYA Inc. Unaudited Reconciliations of GAAP and Non –
GAAP Results” at the end of this press release.
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For the purpose of this announcement only, Chinese Mainland excludes the Hong Kong Special Administrative Region, the Macao
Special Administrative Region of the People’s Republic of China, and Taiwan.

About HUYA Inc.

HUYA Inc. is a leading game – related entertainment and services provider. Huya delivers dynamic live
streaming and video content and a rich array of services spanning games, e – sports, and other interactive
entertainment genres to a large, highly engaged com munity of game enthusiasts. Huya has cultivated
a robust entertainment ecosystem powered by AI and other advanced technologies, serving users and
partners across the gaming universe, including game companies, e – sports tournament organizers,
broadcasters an d talent agencies. Leveraging this strong foundation, Huya has also expanded into
innovative game – related services, such as game distribution, in – game item sales, advertising and more.
Huya continues to extend its footprint in China and abroad, meeting the evolving needs of gamers,
content creators, and industry partners worldwide.

For more information, please visit: https://ir.huya.com .

Use of Non – GAAP Financial Measures

The unaudited condensed consolidated financial information is prepared in conformity with accounting
principles generally accepted in the United States of America (“U.S. GAAP”), except that the
consolidated statement of changes in shareholders’ equity, con solidated statements of cash flows, and
the detailed notes have not been presented. Huya uses non – GAAP gross profit, non – GAAP operating
loss, non – GAAP net income (loss) attributable to HUYA Inc., non – GAAP net income (loss)
attributable to ordinary sharehol ders, non – GAAP basic and diluted net income (loss) per ordinary
share, and non – GAAP basic and diluted net income (loss) per ADS, which are non – GAAP financial
measures. Non – GAAP gross profit is gross profit excluding share – based compensation expenses
alloca ted in cost of revenues. Non – GAAP operating loss is operating loss excluding share – based
compensation expenses and amortization of intangible assets from business acquisitions. Non – GAAP
net income (loss) attributable to HUYA Inc. is net income (loss) attri butable to HUYA Inc. excluding
share – based compensation expenses, impairment loss of investments, and amortization of intangible
assets from business acquisitions, net of income taxes, to the extent applicable. Non – GAAP net income
(loss) attributable to or dinary shareholders is net income (loss) attributable to ordinary shareholders
excluding share – based compensation expenses, impairment loss of investments, and amortization of
intangible assets from business acquisitions, net of income taxes, to the extent applicable. Non – GAAP
basic and diluted net income (loss) per ordinary share and per ADS is non – GAAP net income (loss)
attributable to ordinary shareholders divided by the weighted average number of ordinary shares and
ADS used in the calculation of non – GA AP basic and diluted net income (loss) per ordinary share and
per ADS. The Company believes that separate analysis and exclusion of the impact of (i) share – based
compensation expenses, (ii) impairment loss of investments, and (iii) amortization of intangib le assets
from business acquisitions (net of income taxes), add clarity to the constituent parts of its performance.
The Company reviews these non – GAAP financial measures together with GAAP financial measures
to obtain a better understanding of its operati ng performance. It uses the non – GAAP financial measures
for planning, forecasting and measuring results against the forecast. The Company believes that non –

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GAAP financial measures represent useful supplemental information for investors and analysts to
assess its operating performance without the effect of (i) share – based compensation expenses, and (ii)
amortization of intangible assets from business acquisiti ons, which have been and will continue to be
significant recurring expenses in its business, and (iii) impairment loss of investments. However, the
use of non – GAAP financial measures has material limitations as an analytical tool. One of the
limitations of using non – GAAP financial measures is that they do not include all items that impact the
Company’s net income (loss) for the period. In addition, because non – GAAP financial measures are
not measured in the same manner by all companies, they may not be comp arable to other similarly
titled measures used by other companies. In light of the foregoing limitations, you should not consider
a non – GAAP financial measure in isolation from or as an alternative to the financial measures prepared
in accordance with U.S. GAAP.

The presentation of these non – GAAP financial measures is not intended to be considered in isolation
from, or as a substitute for, the financial information prepared and presented in accordance with U.S.
GAAP. For more information on these non – GAAP financia l measures, please see the table captioned
“HUYA Inc. Unaudited Reconciliations of GAAP and Non – GAAP Results” at the end of this
announcement.

Exchange Rate Information

This announcement contains translations of certain RMB amounts into U.S. dollars at a specified rate
solely for the convenience of the reader. Unless otherwise noted, all translations from RMB to U.S.
dollars are made at a rate of RMB 6 . 7851 to US$1.00, the noon buying rate in effect on June 30, 2026,
in the H.10 statistical release of the Federal Reserve Board. The Company makes no representation
that the Renminbi or U.S. dollar amounts referred to in this announcement could have been or cou ld
be converted into U.S. dollars or Renminbi, as the case may be, at any particular rate or at all.

Safe Harbor Statement

This announcement contains forward – looking statements. These statements are made under the “safe
harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward –
looking statements can be identified by terminology such as “wil l,” “expects,” “anticipates,” “future,”
“intends,” “plans,” “believes,” “estimates” and similar statements. Among other things, the quotations
from management in this announcement, as well as Huya’s strategic and operational plans, contain
forward – looking statements. Huya may also make written or oral forward – looking statements in its
periodic reports to the U.S. Securities and Exchange Commission (“SEC”), in its annual report to
shareholders, in press releases and other written materials and in oral statem ents made by its officers,
directors or employees to third parties. Statements that are not historical facts, including statements
about Huya’s beliefs and expectations, are forward – looking statements. Forward – looking statements
involve inherent risks and uncertainties. A number of factors could cause actual results to differ
materially from those contained in any forward – looking statement, including but not limited to the
following: Huya’s goals and strategies; Huya’s future business development, results o f operations and
financial condition; the expected growth of the live streaming industry and the game industry in
Chinese mainland and internationally; Huya’s expectation regarding demand for and market
acceptance of its products and services; Huya’s abili ty to retain and grow its user reach, broadcasters,
talent agencies, business partners for game – related services and advertisers; Huya’s ability to expand

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its product and service offerings; competition in the live streaming industry and game industry; Huya’s
efforts in complying with applicable data privacy and security regulations; fluctuations in general
economic and business conditions in China; the econo my in China and elsewhere generally; any
regulatory developments in laws, regulations, rules, policies or guidelines applicable to Huya; and
assumptions underlying or related to any of the foregoing. Further information regarding these and
other risks is i ncluded in Huya’s filings with the SEC. All information provided in this press release
and in the attachments is as of the date of this press release, and Huya does not undertake any obligation
to update any forward – looking statement, except as required un der applicable law.

For investor and media inquiries, please contact:

In China:

HUYA Inc.
Investor Relations
Tel: +86 – 20 – 2290 – 7829
E – mail: [email protected]

Piacente Financial Communications
Jenny Cai
Tel: +86 – 10 – 6508 – 0677
E – mail: huya@tpg – ir.com

In the United States:

Piacente Financial Communications
Brandi Piacente
Tel: +1 – 212 – 481 – 2050
E – mail: huya@tpg – ir.com

HUYA INC.
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS
(All amounts in thousands, except share, ADS, per share data and per ADS data)

As of December 31, As of June 3 0 ,
202 5 202 6 202 6
RMB RMB US$

Assets
Current assets
Cash and cash equivalents 692,663 322,165 47,481
Restricted cash 1 2 ,031 29,671 4,373
Short – term deposits 3 , 125 , 760 2,130,908 314,057
Accounts receivable, net 238 , 569 407,019 59,987
Prepaid assets and amounts due from related
parties, net 290,747 280,388 41,324
Prepayments and other current assets, net 5 47 , 078 4 34 , 027 6 3 , 967

Total current assets 4,906,848 3,60 4 , 178 531, 189

Non – current assets
Long – term deposits – 760,000 112,010
Investments 296,165 3 44 , 617 5 0 , 790
Goodwill 4 5 3, 498 439,439 64,765
Property and equipment, net 604 , 368 682,612 100,605
Intangible assets, net 1 27 , 633 106,309 15,668
Right – of – use assets, net 3 04 , 017 302,376 44,565
Prepayments and other non – current assets 8,843 19,045 2,807

Total non – current assets 1,794,524 2,6 54 , 398 39 1 , 210

Total assets 6,701,372 6,2 58 , 576 92 2 , 399

Liabilities and shareholders’ equity
Current liabilities
Accounts payable 237 , 903 355,796 52,438
Advances from customers and deferred revenue 2 28 , 167 199,916 29,464
Income taxes payable 61,479 46,604 6,869
Accrued liabilities and other current liabilities 1,03 2 , 437 83 2 , 984 12 2 , 764
Amounts due to related parties 150,166 123,954 18,269
Lease liabilities due within one year 1 8, 982 11,651 1,717

Total current liabilities 1,729,134 1,57 0 , 905 23 1 , 521

Non – current liabilities
Lease liabilities 1 , 766 11,263 1,660
Deferred tax liabilities 18 , 932 16,766 2,471
Deferred revenue 3 1 , 824 37,480 5,524

Total non – current liabilities 52,522 65,509 9,655

Total liabilities 1,781,656 1,6 36 , 414 241, 176

HUYA INC.
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS (CONTINUED)
( All amounts in thousands, except share, ADS, per share data and per ADS data )

As of December 31, As of June 3 0 ,
202 5 202 6 202 6
RMB RMB US$

Shareholders’ equity
Class A ordinary shares (US$0.0001 par value;
750,000,000 shares authorized as of December
31, 2025 and June 30, 2026, respectively;
73,146,779 and 77,979,576 shares issued and
outstanding as of December 31, 2025 and June
30, 2026, respectively) 54 58 9
Class B ordinary shares (US$0.0001 par value;
200,000,000 shares authorized as of December
31, 2025 and June 30, 2026, respectively;
150,386,517 and 150,386,517 shares issued and
outstanding as of December 31, 2025 and June
30, 2026, respectively) 98 98 14
Treasury shares (128,056) (108,917) (16,052)
Additional paid – in capital 6,466,101 6,230,982 918,333
Statutory reserves 122,429 122,429 18,044
Accumulated deficit (2,219,365) (2,2 33 , 576 ) (32 9 , 188 )
Accumulated other comprehensive income 678,455 61 1 , 088 9 0 , 063

Total shareholders’ equity 4,919,716 4,6 22 , 162 68 1 , 223

Total liabilities and shareholders’ equity 6,701,372 6,2 58 , 576 92 2 , 399

* For the avoidance of doubt, the total outstanding ordinary shares include 5,655,480 Class A ordinary shares beneficially owne d by participants
of HUYA Inc.’s share incentive plans.

HUYA INC.
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(All amounts in thousands, except share, ADS, per share data and per ADS data)

Three Months Ended Six Months Ended

June 3 0 ,
202 5
March 31 ,
2026
June 3 0 ,
2026
June 3 0 ,
2026
June 3 0 ,
202 5
June 3 0 ,
2026
June 3 0 ,
2026
RMB RMB RMB US$ RMB RMB US$

Net revenues
Live streaming 1,153,232 1,100,993 1,101,472 162,337 2,291,383 2,202,465 324,603
Game – related services, a dvertising and others 413,857 627,393 637,863 94,009 784,291 1,265,256 186,476

Total net revenues 1,567,089 1,728,386 1,739,335 256,346 3,075,674 3,467,721 511,079

Cost of revenues
(1)
(1,354,771) (1,475,234) (1,484,342) (218,765) (2,674,873) (2,959,576) (436,188)

Gross profit 212,318 253,152 254,993 37,581 400,801 508,145 74,891

Operating expenses
(1)

Research and development expenses (122,156) (131,709) (120,447)

(17,752) (251,681) (252,156)

(37,163)
Sales and marketing expenses (57,699) (88,067) (90,988)

(13,410) (118,394) (179,055)

(26,389)
General and administrative expenses (63,743) (65,092) (58,420)

(8,610) (125,188) (123,512)

(18,203)

Total operating expenses (243,598) (284,868) (269,855) (39,772) (495,263) (554,723) (81,755)

Other income, net 7,577 2,927 7,847

1,157 11,111 10,774

1,588

Operating loss (23,703) (28,789)

(7,015)

(1,034) (83,351)

(35,804)

(5,276)

Interest income 59,074 30,32 7 25,664 3,782 123,990 55,991 8,252
Impairment loss of investments (30,000) – (12,475) (1,839) (30,000) (12,475) (1,839)
Foreign currency exchange losses, net (2,112) (1,703) (2,782) (410) (2,528) (4,485) (661)

I ncome (loss) before income tax expenses 3,259 (16 5 )

3 ,392

499 8,111

3 ,227

476

Income tax expenses (7,388) (2,631) (1,817)

(268) (10,636) (4,448)

(656)

(Loss) income before ( loss ) income in equity
method investments, net of income taxes (4,129) (2,79 6 )

1 ,575 231 (2,525)

(1,221)

(180)

(Loss) income in equity method investments,
net of income taxes (1,362) (1,271) 49

7 (2,039) (1,222)

(180)

Net (loss) income attributable to HUYA Inc. (5,491) (4,067) 1 ,624 238 (4,564) (2,443) (360)

Net (loss) income attributable to ordinary
shareholders (5,491) (4,067) 1 ,624 238 (4,564) (2,443) (360)

HUYA INC.
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (CONTINUED)
( All amounts in thousands, except share, ADS, per share data and per ADS data )

Three Months Ended Six Months Ended

June 3 0 ,
202 5
March 31 ,
2026
June 3 0 ,
2026
June 3 0 ,
2026
June 3 0 ,
202 5
June 3 0 ,
2026
June 3 0 ,
2026
RMB RMB RMB US$ RMB RMB US$

Net (loss) income per ordinary share
— Basic (0.02) (0.02) 0.0 1 0.0 0 (0.02) ( 0.0 1) ( 0.0 0)
— Diluted (0.02) (0.02) 0.0 1 0.0 0 (0.02) ( 0.0 1) ( 0.0 0)
Net (loss) income per ADS*
— Basic (0.02) (0.02) 0.0 1 0.0 0 (0.02) ( 0.0 1) ( 0.0 0)
— Diluted (0.02) (0.02) 0.0 1 0.0 0 (0.02) ( 0.0 1) ( 0.0 0)

Weighted average number of ADS used in
calculating net (loss) income per ADS
— Basic 227,675,862 229,705,246 229,420,912 229,420,912 228,554,238 229,562,293 229,562,293
— Diluted 227,675,862 229,705,246 232,687,370 232,687,370 228,554,238 229,562,293 229,562,293

** Each ADS represents one Class A ordinary share.

(1) Share – based compensation was allocated in cost of revenues and operating expenses as follows:

Three Months Ended Six Months Ended

June 3 0 ,
202 5
March 31 ,
2026
June 3 0 ,
2026
June 3 0 ,
2026
June 3 0 ,
202 5
June 3 0 ,
2026
June 3 0 ,
2026
RMB RMB RMB US$ RMB RMB US$

Cost of revenues 3,707 2,435 1,563 230 7,090 3,998 589
Research and development expenses 6,563 4,437 4,025 593 12,876 8,462 1,247
Sales and marketing expenses 394 211 180 27 714 391 58
General and administrative expenses 7,385 13,512 12,191 1,797 15,433 25,703 3,788

HUYA INC.
UNAUDITED RECONCILIATIONS OF GAAP AND NON – GAAP RESULTS
( All amounts in thousands, except share, ADS, per share data and per ADS data )

Three Months Ended Six Months Ended

June 3 0 ,
202 5
March 31 ,
2026
June 3 0 ,
2026
June 3 0 ,
2026
June 3 0 ,
202 5
June 3 0 ,
2026
June 3 0 ,
2026
RMB RMB RMB US$ RMB RMB US$

Gross profit 212,318 253,152 254,993 37,581 400,801 508,145 74,891
Share – based compensation expenses allocated
in cost of revenues 3,707 2,435 1,563 230 7,090 3,998 589

Non – GAAP gross profit 216,025 255,587 256,556 37,811 407,891 512,143 75,480

Operating loss (23,703) (28,789) (7,015) (1,034) (83,351) (35,804) (5,276)
Share – based compensation expenses 18,049 20,595 17,959 2,647 36,113 38,554 5,682
Amortization of intangible assets from
business acquisitions 6,005 5,466 5,208 768 12,001 10,674 1,573

Non – GAAP operating income (loss) 351 (2,728) 16,152 2,381 (35,237) 13,424 1,979

Net (loss) income attributable to HUYA Inc. (5,491) (4,067) 1 ,624 238 (4,564) ( 2 ,443 ) ( 360 )
Impairment loss of investments 30,000 – 12,475 1,839 30,000 12,475 1,839
Share – based compensation expenses 18,049 20,595 17,959 2,647 36,113 38,554 5,682
Amortization of intangible assets from
business acquisitions, net of income taxes 4,984 4,537 4,323 637 9,961 8,860 1,306

Non – GAAP net income attributable to
HUYA Inc. 47,542 21,065 36,381 5,361 71,510 57,446 8,467

Net (loss) income attributable to ordinary
shareholders (5,491) (4,067) 1 ,624 238 (4,564) ( 2 ,443 ) ( 360 )
Impairment loss of investments 30,000 – 12,475 1,839 30,000 12,475 1,839
Share – based compensation expenses 18,049 20,595 17,959 2,647 36,113 38,554 5,682
Amortization of intangible assets from
business acquisitions, net of income taxes 4,984 4,537 4,323 637 9,961 8,860 1,306

Non – GAAP net income attributable to
ordinary shareholders 47,542 21,065 36,381 5,361 71,510 57,446 8,467

Non – GAAP net income per ordinary share
— Basic 0.21 0.09 0.16 0.02 0.31 0.25 0.04
— Diluted 0.21 0.09 0.16 0.02 0.31 0.25 0.04

Non – GAAP net income per ADS
— Basic 0.21 0.09 0.16 0.02 0.31 0.25 0.04
— Diluted 0.21 0.09 0.16 0.02 0.31 0.25 0.04

Weighted average number of ADS used in
calculating Non – GAAP net income per
ADS
— Basic 227,675,862 229,705,246 229,420,912 229,420,912 228,554,238 229,562,293 229,562,293
— Diluted 230,562,291 233,646,621 232,687,370 232,687,370 231,018,054 233,086,222 233,086,222