Morningstar

HUYA Inc Class A HUYA

Morningstar Rating
Unlock
Stock XNYS Rating as of
$2.27 −0.03 (1.31%)
View Full Chart
As of Cboe BZX Real-Time Price Open

Company Report

View Archive

Huya's Pivot to Game Services Is Finally Looking Credible

Ivan Su

Huya's central strategic challenge is that its core business, game livestreaming, is in structural decline. Paying user counts in the livestreaming segment peaked above 6 million and had fallen to 4 million by 2025, when the company stopped disclosing the metric. The decline reflects users migrating to video platforms like Douyin, Kuaishou, and Bilibili, as they deepen their gaming-content libraries. We do not expect Huya's livestreaming user counts to recover. Huya has recognized this reality and responded with a transformation plan launched in 2023, the credibility of which has improved over the past two quarters.

Read Full Report

Price vs Fair Value

View History
HUYA is trading at a 556% premium.
Price
$2.30
Fair Value
$9.20
Uncertainty
Trmj Dsyv
1-Star Price
$3.30
5-Star Price
$1.30
Economic Moat
Khs
Capital Allocation
Bxwwwjmfs

Bulls Say, Bears Say

Bulls

Tencent's parentage gives Huya a structural advantage that competitors cannot easily replicate, effectively serving as a floor to its long-term fundamentals.

Bears

Tencent could direct Huya into low-margin strategic activities that benefit Tencent's gaming ecosystem at the expense of Huya's P&L.

Show More

News

View All

Trading Information

Previous Close Price
$2.30
Day Range
$2.27–2.34
52-Week Range
$2.22–4.92
Bid/Ask
$2.26 / $2.27
Shares Outstanding
229.79M
Market Cap
$520.48M
Volume/Avg
465,897 / 1M

Key Statistics

Price/Earnings (Normalized)
55.68
Price/Sales
0.60
Dividend Yield (Trailing)
0.00%
Dividend Yield (Forward)
0.00%
Total Yield
2.21%

Company Profile

Huya officially became independent in 2016 and is headquartered in Guangzhou. It operates a live streaming platform focused on games, esports, and interactive entertainment, and also provides game-related services such as distribution and in-game item sales. Its main livestreaming platforms include Huya Live in China and Nimo TV outside of China. Huya is a subsidiary of Tencent, which owned 67% of its equity stake and held 95% of the voting power, as of the end of 2025.
Sector
Communication Services
Industry
Entertainment
Stock Style Box
—
Total Number of Employees
1,176
Website
https://www.huya.com

Competitors

Valuation

View More
Metric
HUYA
TME
09899
Price/Earnings (Normalized)
 55.6810.998.70
Price/Book Value
 0.841.311.81
Price/Sales
 0.603.053.06
Price/Cash Flow
 15.9610.1513.76
Price/Earnings
HUYA
TME
09899

Financial Strength

Metric
HUYA
TME
09899
Quick Ratio
 2.151.843.85
Current Ratio
 2.452.094.04
Interest Coverage
 —71.178,361.08
Quick Ratio
HUYA
TME
09899

Profitability

Metric
HUYA
TME
09899
Return on Assets (Normalized)
 1.34%9.56%18.93%
Return on Equity (Normalized)
 1.94%12.32%24.92%
Return on Invested Capital (Normalized)
 −1.19%10.54%20.58%
Return on Assets
HUYA
TME
09899

Entertainment Industry Comparables

Screen With Investor
1-Day Chart
Name
Price
Morningstar Rating for Stocks
Capital Allocation
Economic Moat
Market Cap
Netflix Inc
NFLX
SdryhhlxghQbtjjwq$324B
 The Walt Disney Co
DIS
QbmjbrnhMrgq$175B
 Warner Bros. Discovery Inc Ordinary Shares - Class A
WBD
FsczqpyqVdfq$66B
 Live Nation Entertainment Inc
LYV
WsmshspfjqKsvzm$40B
 Fox Corp Class A
FOXA
LpznhzndzJgzcx$21B
 Fox Corp Class B
FOX
KnpqbwnqbWjkb$21B
 Roku Inc Class A
ROKU
GldxzsbvqkHpllj$20B
 Warner Music Group Corp Ordinary Shares - Class A
WMG
DmtpdjxBjpsl$15B
 News Corp Class B
NWS
CcdmcgnQjkpw$15B
 News Corp Class A
NWSA
MsywkmxsYrm$15B

Sponsor Center