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. "Registered users" refers to users who have registered accounts on our platform as of a given time; a registered user is not necessarily a unique user, however, as an individual may register multiple accounts on our platform, and consequently, the number of registered users we present in this prospectus may not equal the number of unique users who have registered on our platform as of a given time. All information provided in this press release is as of the date of this press release, and Yalla Group Limited does not undertake any obligation to update any forward-looking statement, except as required under applicable law. 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. Through close attention to detail and localized appeal that deeply resonates with users, Yalla's mobile applications deliver a seamless user experience that fosters a loyal sense of belonging, creating a highly devoted and engaged user community. Company Participants. Yalla Group Limited (NYSE:YALA) Q4 2020 Earnings Conference Call March 15, 2021 8:00 AM ET. Higher Monthly Active Users, Chatting Services Drive Yalla's Q4 results. The company reported $0.06 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.11 by $0.05. 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. The non-GAAP financial measure is not defined under U.S. GAAP and are not presented in accordance with U.S. GAAP. The results were … Our total costs and expenses were US$39.0 million in the fourth quarter of 2020, compared with US$10.9 million in the fourth quarter of 2019. "2020 concluded with an outstanding fourth quarter, as expansion of our user community and advancement of our monetization capabilities thrusted growth momentum even further, across the board," said Mr.Yang Tao, Founder, Chairman and Chief Executive Officer of Yalla. Our total costs and expenses were US$131.2 million in 2020, compared with US$34.5 million in last year. 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. Tao Yang - … Yalla Group Limited to Report Fourth Quarter and Full Year 2020 Financial Results on March 15, 2021 Eastern Time 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... Feb 1, 2021 Our revenues generated from chatting services were US$123.0 million in 2020, and our revenues generated from the games services were US$11.9 million in 2020. Change the date range, see whether others are buying or selling, read news, get earnings results, and compare Yalla Group against related stocks people have also bought like OPEN, PLTR, NNDM, and SKLZ. 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. As of December 31, 2020, we had cash and cash equivalents of US$236.9 million, as compared to cash and cash equivalents of US$75.7 million as of September 30, 2020. - Revenues generated from chatting services were US$123.0 million.- Revenues generated from games services were US$11.9 million. Our net income was US$3.2 million in 2020, compared with net income of US$28.9 million in 2019. 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. Another primary contributor to our solid revenues growth was the significant growth in the number of paying users, which increased from 723 thousand in the fourth quarter of 2019 to 5.2 million in the fourth quarter of 2020. Mar 15, 2021 10:00 AM UTC. 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. Non-GAAP operating income (which exclude share-based compensation expenses) for 2020 was US$64.6 million, a 123.1% increase from US$28.9 million for 2019. Other components of selling and marketing expenses as a percentage of our total revenues decreased from 13.0% in 2019 to 10.4% in 2020, primarily due to (i) free promotion from Apple's and Google's app stores as a result of the high quality and localization of our products, and (ii) our increasing brand awareness and brand loyalty across the region. 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 … 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. Our average MAUs increased by 295.4% from 4.2 million in the fourth quarter of 2019 to 16.4 million in the fourth quarter of 2020. 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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