HUYA Inc. through its subsidiaries operates live game broadcasting platforms in the People's Republic of China. Its platforms allow broadcasters and viewers to interact during live streaming mainly in Southeast Asia, the Middle East and Latin America.
The company is coming from an aggressive pullback due to the situation of Chinese stocks in the U.S. stock market and likewise due to problems with Chinese regulation, however, it operates in a segment with potential growth.
According to Insider Intelligence, Esports audiences are forecast to grow at a compound annual growth rate of 9% through 2023, expanding to 646 million. Globally, overall awareness of the phenomenon , its total reach, reached 2 billion in 2020, or nearly 1 in 4 people worldwide. And esports are particularly popular in China, the world's largest single online market, with 530 million viewers last year.
2020 - Renevue 451M - Net Income 38M - EBITDA 28M - P/S 2.36