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Is Yalla Group Limited (NYSE:YALA) Potentially Undervalued?
With a nearly 40% decline in stock price, can yalla(YALA.US) seize the opportunity brought by the "esports Olympics"?
Compared to its peers who are still fighting for territory in the local gaming market, Yalle's bet on the esports industry has already won it a first-mover advantage. If it can establish a foothold in the local esports market in the future, this "Middle Eastern Tencent" may be able to rise again.
Earnings Call Summary | Yalla(YALA.US) Q2 2024 Earnings Conference
Yalla Group Limited (YALA) Q2 2024 Earnings Call Transcript
Yalla Group Achieves Steady Growth in Q2 2024
Yalla Technology's Q2 revenue exceeded expectations, with a YoY increase in net income of 11%.
On August 13th, Yalla Technology released its Q2 financial results. The data showed that Q2 revenue increased by 2.5% YoY to $81.2 million, surpassing market expectations of $79 million. Non-GAAP diluted EPS remained flat YoY at $0.19. Net income was $31.4 million, a YoY increase of 10.9%.
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