The Company also believes that the non-GAAP financial measures allow for greater visibility with respect to key metrics used by the Company's management in its financial and operational decision-making. Share-based compensation has been and may continue to be incurred in the Company's business and is not reflected in the presentation of non-GAAP financial measures. Shares of Yalla Group (NYSE:YALA) popped by as much as 15% this morning after the company reported fourth-quarter earnings. Yalla Group has a 1 year low of $6.26 […] For investor and media inquiries, please contact: Yalla Group LimitedInvestor RelationsYuwei Gao - IR Director Tel: +86-571-8980-7962Email: ir@yallatech.ae, The Piacente Group, Inc. Yang SongTel: +86-10-6508-0677Email: yalla@tpg-ir.com, The Piacente Group, Inc. Brandi PiacenteTel: +1-212-481-2050 Email: yalla@tpg-ir.com, UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS, Accrued expenses and other current liabilities, UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS (CONTINUED), Series Angel Redeemable Convertible Preferred Shares, Series Pre-A Redeemable Convertible Preferred Shares, Series A Redeemable Convertible Preferred Shares, Total liabilities, mezzanine equity and shareholders' equity, UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS, Technology and product development expenses, Accretion of redeemable convertible preferred shares, Dividends distributed to redeemable convertible preferred shareholders, Net income (loss) attributable to ordinary shareholders, UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (CONTINUED), Weighted average number of ordinary shares and ordinary shares equivalents outstanding used in computing earnings per ordinary share. Yalla Group Limited (NYSE:YALA) Q4 2020 Earnings Conference Call March 15, 2021 8:00 AM ET. Company Participants. The above outlook is based on the current market conditions and reflects the Company management's current and preliminary estimates of market and operating conditions and customer demand, which are all subject to change. Non-GAAP basic and diluted net income per ordinary share (which exclude share-based compensation expenses) were US$0.64 and US$0.57 respectively, compared to US$0.22 in 2019. Yalla Group Limited. Company Participants. The Company strives to maintain users' equal status on its platform, thereby encouraging all of them to freely communicate and interact with each other. Investor Relations Home; Corporate Information. Our net income was US$3.2 million in 2020, compared with net income of US$28.9 million in 2019. - Revenues generated from chatting services in the fourth quarter of 2020 were US$42.6 million. Non-GAAP basic and diluted net income per ordinary share (which exclude share-based compensation expenses) were US$0.16 and US$0.15 respectively, compared to US$0.06 in the same period of 2019. The non-GAAP financial measure has limitations as analytical tools. Corporate Governance . [1] Non-GAAP net income represents net income (loss) before share-based compensation. Yalla Group Limited ("Yalla" or the "Company") (NYSE: YALA), the leading voice-centric social networking and entertainment platform in the Middle … Tao Yang - … DUBAI, UAE, March 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 it will report its unaudited financial results for the fourth quarter and full year 2020 before the U.S. market open on Monday, March 15, 2021. Tao Yang - Chairman and Chief Executive Officer. Forward-looking statements involve inherent risks and uncertainties. Company Participants. We define non-GAAP net income as net income (loss) excluding share-based compensation. The Company's flagship mobile application, Yalla, is specifically tailored for the people and local cultures of the region and primarily features Yalla rooms, a mirrored online version of the majlis or cafés where people spend their leisure time in casual chats. Non-GAAP net income (which exclude share-based compensation expenses) for 2020 was US$64.0 million, a 121.3% increase from US$28.9 million for the 2019. Kerry Gao - Senior IR Manager. Other components of selling and marketing expenses as a percentage of our total revenues decreased from 16.0% in the fourth quarter of 2019 to 9.2% in the same period in 2020, primarily due to organic user acquisition through word-of-mouth referrals and economies of scale. UAE-based social networking and entertainment platform Yalla Group Ltd (YALA) on Monday announced fourth-quarter net income of $9 million or $0.06 per share, higher than $7.78 million or $0.06 per share in the year-ago quarter. DUBAI, UAE, March 1, 2021 Yalla Group Limited (YALA), the leading voice-centric social networking and entertainment platform in the Middle East and North Africa, today announced that it will report its unaudited financial results for the fourth quarter and full year 2020 before the U.S. market open on Monday, March 15, 2021. As a result of these reasons, other components of technology and product development expenses as a percentage of our total revenues also increased from 2.3% in the fourth quarter of 2019 to 2.9% in the same period of 2020. Basic and diluted net income per ordinary share were US$0.06 for the fourth quarter of 2020, while basic and diluted net income per ordinary share was US$0.06 in the same period of 2019. [2] "Average MAUs" refers to the average monthly active users in a given period calculated by dividing (i) the sum of active users for each month of such period, by (ii) the number of months in such period. Yalla Group Limited to Report Fourth Quarter and Full Year 2020 Financial Results on March 15, 2021 Eastern Time March 1, 2021 | finance.yahoo.com Why Yalla Stock Skyrocketed 77.9% in January The increase was primarily driven by the widening of Yalla's and Yalla Ludo's user base and the robust enhancement in Yalla Ludo's monetization capability. A brief summary - strong Buy, Buy, strong Sell, Sell or Neutral signals for the Yalla Group Ltd stock. Kerry Gao - IR Director. "With the successful IPO event in Dubai generating extensive brand awareness in the Middle East and North Africa region, our highly experienced marketing team maximized this exposure by continually running innovative and deeply resonating campaigns, specifically tailored to the local culture. DUBAI, UAE, March 15, 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 its unaudited financial results for the fourth quarter and full year ended December 31, 2020. Non-GAAP operating income (which exclude share-based compensation expenses) for the fourth quarter of 2020 was US$23.7 million, a 183.4% increase from US$8.3 million for the same quarter last year. [3] "Paying users" refers to registered users who purchased our virtual items or upgrade services using virtual currencies on our platform at least once in a given period, except for users who receive all of their virtual currencies directly or indirectly from us for free. Our non-GAAP net margin remained healthy at 48.3%, reflecting our unique monetization strategy, market positioning and strong operating efficiency. Yalla Group Limited is the leading voice-centric social networking and entertainment platform in the Middle East and Northern Africa (MENA). The company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.05), MarketWatch Earnings reports. The Company compensate for these limitations by reconciling the non-GAAP financial measure to the nearest U.S. GAAP performance measure, all of which should be considered when evaluating its performance. Our selling and marketing expenses were US$7.6 million in the fourth quarter of 2020, compared with US$3.1 million in the same period last year. The Company also operates Yalla Ludo, a mobile application featuring online versions of board games that are highly popular in MENA, such as Ludo and Domino. Quarterly Results. Yalla Group Limited (NYSE:YALA) showed a performance of -1.63% in past 30-days. Our revenues were US$48.3 million in the fourth quarter of 2020, a 150.9% increase from US$19.3 million in the fourth quarter of 2019. Yalla Group Limited to Report Third Quarter 2020 Financial Results on November 9, 2020 Eastern Time . These forward- looking statements can be identified by terminology such as "will," "expects," "anticipates," "aims," "future," "intends," "plans," "believes," "estimates," "likely to," and similar statements. Yalla Group (NYSE:YALA) issued its earnings results on Monday. Yalla Group Limited (NYSE:YALA) Q4 2020 Earnings Conference Call March 15, 2021 8:00 AM ET. We define non-GAAP net income (loss) per ordinary share as non-GAAP net income (loss) attributable to ordinary shareholders of Yalla Group Limited, using the two-class method, divided by weighted average number of basic and diluted share outstanding. DUBAI, UAE, March 15, 2021-- #YallaGroup Limited announced its unaudited financial results for the fourth quarter and full year ended December 31, 2020. Our technology and product development expenses were US$1.6 million in the fourth quarter of 2020, compared with US$0.4 million in the same period last year. The company reported $0.06 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.11 by $0.05. Our general and administrative expenses were US$11.3 million in the fourth quarter of 2020, compared with US$1.6 million in the same period last year. Voice chats are more suitable to the cultural norms in MENA compared to video chats. Yalla Group Limited ("Yalla" or the "Company") (NYSE: YALA), the leading voice-centric social networking and entertainment platform in the Middle … The increase was mainly driven by (i) share-based compensation expenses of US$0.2 million recognized for the fourth quarter of 2020, and (ii) other components of technology and product development expenses of US$1.4 million for the fourth quarter of 2020, a 223.0% increase from US$0.4 million for the same quarter last year, which was primarily due to an increase in salaries and benefits for our technology and product development staff, which was in turn driven by an expansion of our technology and product development staff due to our increased investment in new products and services. Non-GAAP net income (which exclude share-based compensation expenses) for the fourth quarter of 2020 was US$23.3 million, a 181.6% increase from US$8.3 million for the same quarter last year. As we continue ahead in 2021 with the goal of building the most popular destination for online social networking and entertainment in MENA, we are focused on three key priority areas: growing our Yalla community and cultivating a friendly and engaging environment, providing users with a quality and localized product experience, and diversifying our platform's product portfolio to create brand extension and deeper loyalty," concluded Mr.Yang. The increase was mainly driven by (i) share-based compensation expenses of US$8.8 million recognized for the fourth quarter of 2020, and (ii) other components of general and administrative expenses of US$2.6 million for the fourth quarter of 2020, a 66.6% increase from US$1.6 million for the same quarter last year, which was primarily due to an increase in salaries and other benefits for our general and administrative staff, which was in turn driven by an expansion of our general and administrative staff. Date Title; March 15, 2021 Yalla Group Ltd. Fourth Quarter 2020 Earnings Release . "Driven by the better-than-expected performance from our chatting services, we are pleased to report a sequential quarterly revenue increase of 42.9%, reaching US$48.3 million in the fourth quarter and exceeding the upper end of our guidance range. In-game real-time chats and Ludo chat room functions are popular social networking features among users. The increase for other components of general and administrative expenses was primarily due to (i) an increase in salaries and other benefits for our general and administrative staff, which was in turn driven by an expansion of our general and administrative staff, and (ii) an increase in IPO listing expenses. Yang Tao - … Yalla Group Limited - ADR to Host Earnings Call. Other components of general and administrative expenses as a percentage of our total revenues decreased from 8.1% in the fourth quarter of 2019 to 5.4% in the fourth quarter of 2020 due to economies of scale. Reconciliation of each of these non-GAAP financial measures to the most directly comparable GAAP financial measure is set forth at the end of this release. Yalla Group Limited to Report Fourth Quarter and Full Year 2020 Financial Results on March 15, 2021 Eastern Time Mar 1, 2021 Yalla Group Limited Announces Appointment of Independent Director Listeners may access the call by dialing the following numbers: The replay will be accessible through March 22, 2021, by dialing the following numbers: A live and archived webcast of the conference call will also be available at the Company's investor relations website at https://ir.yallatech.ae/. The Company encourages investors and others to review its financial information in its entirety and not rely on a single financial measure. The presentation of the non-GAAP financial measures is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with U.S. GAAP. Yalla Group Limited (NYSE:YALA) announced its quarterly earnings data on Monday, March, 15th. - Revenues generated from chatting services were US$123.0 million.- Revenues generated from games services were US$11.9 million. Yalla Group Ltd - 6-K, Report of foreign issuer-SEC Filings: 15.03. The Company also operates Yalla Ludo, a mobile application featuring online versions of board games that are highly popular in MENA, such as Ludo and Domino. PR Newswire. For the fiscal year ended 31 December 2020, YallaGroup Ltd - ADR revenues increased from $63.5M to $134.9M.Net loss applicable to common stockholders totaled $2.1Mvs. Yalla Group Limited is the leading voice-centric social networking and entertainment platform in the Middle East and Northern Africa (MENA). The increase was mainly driven by (i) share-based compensation expenses of US$35.9 million recognized for 2020, and (ii) other components of general and administrative expenses of US$7.1 million for 2020, a 72.6% increase from US$4.1 million for 2019. Our cost of revenues was US$18.4 million in the fourth quarter of 2020, compared with US$5.8 million in the fourth quarter of 2019.The increase was mainly driven by (i) share-based compensation expenses of US$2.2 million recognized for the fourth quarter of 2020, and (ii) other components of cost of revenues of US$16.2 million for the fourth quarter of 2020, a 177.8% increase from US$5.8 million for the fourth quarter of 2019, which was in line with our revenue growth and primarily due to our expanding business scale. Dial-in details for the earnings conference call are as follows: Additionally, a live and archived webcast of the conference call will be available on the Company's investor relations website at http://ir.yallatech.ae/. "Our leadership position as a voice-centric social networking and entertainment platform in MENA is clearly being demonstrated by our robust top-line and bottom-line growth that continued in the quarter," said Ms. Karen Hu, Chief Financial Officer of Yalla. Other components of cost of revenues as a percentage of our total revenues increased from 30.3% in the fourth quarter of 2019 to 33.6% in the same period in 2020, primarily due to (i) an increase in salaries and benefits for our staff related to the operations, which was in turn driven by an expansion of our staff related to the operations due to the increasing user base of our products, and (ii) an increase in commission fee for third-party payment platforms. SA Breaking News. DUBAI, UAE, Nov. 8, 2020 /PRNewswire/ -- Yalla Group Limited ("Yalla" or the "Company") (NYSE: YALA), the leading voice-centric social networking and entertainment platform in … In addition, paying users increased to 5.2 million and our user base monetization capability advanced in the quarter, demonstrated by rapid sequential ARPPU growth of 38.5% to reach US$9.2. MT Newswires -- Earnings Flash (YALA) YALLA GROUP LIMITED Reports Q4 Revenue $48.3M, vs. Street Est of $41.2M. Yalla Group LimitedInvestor RelationsKerry Gao – IR DirectorTel: +86-571-8980-7962Email: ir@yallatech.ae, The Piacente Group, Inc.Yang SongTel: +86-10-6508-0677Email: yalla@tpg-ir.com, In the United States:The Piacente Group, Inc.Brandi PiacenteTel: +1-212-481-2050Email: yalla@tpg-ir.com, Yalla Group Limited to Report Fourth Quarter and Full Year 2020 Financial Results on March 15, 2021 Eastern Time. See the sections entitled "Non-GAAP Financial Measures" and "Reconciliations of Non-GAAP Measures to the Nearest Comparable GAAP Measures" for more information about the non-GAAP measures referred to in this results announcement. - Revenues generated from games services in the fourth quarter of 2020 were US$5.7 million. SEC Filings Quarterly Results Annual Reports Analyst Coverage. Posted by James Nelson on Mar 17th, 2021 Yalla Group (NYSE:YALA) issued its earnings results on Monday. Yalla Group Limited is a holding company. DUBAI, UAE, March 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 it will report its unaudited financial results for the fourth quarter and full year 2020 before the U.S. market open on Monday, March 15, 2021. Voice chats are more suitable to the cultural norms in MENA compared to video chats. 03/15 06:17. Code of Business Conduct and Ethics: Audit Committee Charter: Compensation Committee Charter: Nominating and Corporate Governance Committee Charter : Below is a summary of our committee structure and membership … As a result of these reasons, other components of technology and product development expenses as a percentage of our total revenues also increased from 2.5% in 2019 to 3.1% in 2020. For details, please click https://ir.yallatech.ae for more information. 12, 2021 at 7:38 a.m. Yalla Group Limited’s shares saw a change of 64.13% in year-to-date performance and have moved -1.42% in past 5-day. Yalla Group Limited Announces Unaudited Fourth Quarter and Full Year 2020 Financial Results Provided by PR Newswire. The increase was mainly driven by (i) share-based compensation expenses of US$7.7 million recognized for 2020, and (ii) other components of selling and marketing expenses of US$14.0 million for 2020, a 70.1% increase from US$8.3 million for 2019 that was primarily due to higher advertising and market promotion expenses as a result of our continued user acquisition efforts. Non-GAAP net income is a non-GAAP financial measure. For more information, please visit: http://ir.yallatech.ae/. Our selling and marketing expenses were US$21.7 million in 2020, compared with US$8.3 million in 2019. "Our fourth quarter revenues grew 150.9% year-over-year to US$48.3 million while our non-GAAP net income reached US$23.3 million with growth of 181.6%. Yalla Group Q4 Results Up; Expects Higher Revenue In Q1 By RTTNews Staff Writer | Published: 3/15/2021 7:27 AM ET UAE-based social networking and entertainment platform Yalla Group Ltd (YALA) on Monday announced fourth-quarter net income of $9 million or $0.06 per share, higher than $7.78 million or $0.06 per share in the year-ago quarter. The firm earned $48.34 million during the quarter, compared to analysts' expectations of $41.20 million. A replay of the conference call will be accessible until March 22, 2021, by dialing the following telephone numbers: To supplement the financial measures prepared in accordance with generally accepted accounting principles in the United States, or GAAP, this press release presents non-GAAP financial measures, such as non-GAAP operating income, non-GAAP net income and non-GAAP basic and diluted net income per ordinary share, as supplemental measures to review and assess the Company's operating performance. Fourth Quarter Ended December 31, 2020 Financial and Operating Highlights. Yalla Group Limited Announces Unaudited Fourth Quarter and Full Year 2020 Financial Results Yalla Group Limited Announces Unaudited Fourth Quarter and Full Year 2020 Financial Results… Shares of NYSE:YALA opened at $27.15 on Wednesday. With these efforts, our MAUs increased 15.0% versus the previous quarter, reaching 16.4 million. We define non-GAAP operating income as operating income excluding share-based compensation. Our income tax expense was US$0.86 million in 2020, compared with US$0.44 million in 2019. The increase was mainly driven by (i) share-based compensation expenses of US$1.0 million recognized in 2020, and (ii) other components of technology and product development expenses of US$4.2 million for 2020, a 163.2% increase from US$1.6million for 2019, primarily due to an increase in salaries and benefits for our technology and product development staff, which was in turn driven by an expansion of our technology and product development staff due to our increased investment in developing new products and services.
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