Mar 15, 2021 10:00 AM UTC. By RTTNews Staff Writer | Published: 3/15/2021 7:27 AM ET . - Revenues generated from chatting services in the fourth quarter of 2020 were US$42.6 million. Yalla Group Limited is the leading voice-centric social networking and entertainment platform in the Middle East and Northern Africa (MENA). Yalla Group Limited (NYSE:YALA) showed a performance of -1.63% in past 30-days. The results were … 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. Corporate Governance . 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. Other components of general and administrative expenses as a percentage of our total revenues decreased from 6.5% in 2019 to 5.3% in 2020 due to economies of scale. Our technology and product development expenses were US$5.2 million in 2020, compared with US$1.6 million in 2019. 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. 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. 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. The increase was mainly driven by (i) share-based compensation expenses of US$3.2 million recognized for the fourth quarter of 2020, and (ii) other components of selling and marketing expenses of US$4.4 million for the fourth quarter of 2020, a 43.9% increase from US$3.1 million for the same quarter last year, which was primarily due to higher advertising and market promotion expenses as a result of our continued user acquisition efforts. The non-GAAP financial measure is not defined under U.S. GAAP and are not presented in accordance with U.S. GAAP. Voice chats are more suitable to the cultural norms in MENA compared to video chats. You can read further details here. 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. View the real-time YALA price chart on Robinhood and decide if you want to buy or sell commission-free. Yalla Group (NYSE:YALA) issued its earnings results on Monday. Tao Yang - … Yalla Group Limited will hold a conference call on Monday, March 15, 2021, at 8:00 A.M. Eastern Time or 8:00 P.M. Beijing Time on the same day, to discuss the financial results. Yalla Group Limited will hold a conference call on Monday, March 15, 2021, at 8:00 A.M. Eastern Time or 8:00 P.M. Beijing Time on the same day, to discuss the financial results. With 2021 well underway, we are very confident we can deliver another year of sturdy growth and profitability as we continue to execute on our strategic roadmap.". [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. For details, please click https://ir.yallatech.ae for more information. 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. Yalla Group Limited ("Yalla" or the "Company") (NYSE: YALA), the leading voice-centric social networking and entertainment platform in the Middle East … 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. A brief summary - strong Buy, Buy, strong Sell, Sell or Neutral signals for the Yalla Group Ltd stock. With these efforts, our MAUs increased 15.0% versus the previous quarter, reaching 16.4 million. Company Profile; Management ; Board of Directors; Corporate Governance; Stock Information. Private Securities Litigation Reform Act of 1995. The Company's management will host an earnings conference call on Monday, March 15, 2021 at 8:00 A.M. U.S. Eastern Time or 8:00 P.M. Beijing/Hong Kong time on the same day. Kerry Gao - Senior IR Manager. "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. The non-GAAP financial measure has limitations as analytical tools. Yalla Group Limited is a holding company. October 29, 2020 GMT. 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. Yalla Group has a 1 year low of $6.26 […] 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. Higher Monthly Active Users, Chatting Services Drive Yalla's Q4 results. Yalla Group Limited to Report Third Quarter 2020 Financial Results on November 9, 2020 Eastern Time . Yalla Group Limited (NYSE:YALA) announced its quarterly earnings data on Monday, March, 15th. 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. Our revenues were US$134.9 million in 2020, a 112.6% increase from US$63.5 million in 2019. Yalla Group Limited is the leading voice-centric social networking and entertainment platform in the Middle East and Northern Africa (MENA). 15 Yalla Group Limited to Report Fourth Quarter … 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. 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. [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. Company Participants. 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. 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 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. 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. The results of that effort will be put on display in this article, as we share valuable insight into the smart money sentiment towards Yalla Group Limited (NYSE:YALA). 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. As a result of the foregoing, our net income was US$9.0 million in the fourth quarter of 2020, compared with net income of US$8.3 million in the fourth quarter of 2019. Yalla Group released the company's 4Q 2020 financial results on March 15, 2021 after trading hours, and its share price jumped by +15% from $23.55 on the day of results release to … 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. 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. (See Yalla group stock analysis on TipRanks)Today, in response to the 4Q results, Oppenheimer analyst Bo Pei assigned the stock a price target of … 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. Kerry Gao - IR Director. Yalla Group Limited. 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. 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. Non-GAAP net income is a non-GAAP financial measure. "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. Tao Yang - Chairman and Chief Executive Officer. 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. Company Participants. ET by Tomi Kilgore Dow ends 329 points higher, but stocks book worst month since March as … This press release contains statements that may constitute "forward-looking" statements pursuant to the "safe harbor" provisions of the U.S. The increase was primarily due to the recognition of share-based compensation expenses. 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. The company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.05), MarketWatch Earnings reports. Voice chats are more suitable to the cultural norms in MENA compared to video chats. We define non-GAAP net income attributable to ordinary shareholders as net income (loss) attributable to ordinary shareholders excluding share-based compensation. 03/15 06:17. 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. Yalla Group updated its Q1 2021 The Company's flagship mobile application, Yalla… 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. In the fourth quarter of 2020, our revenues generated from chatting services were US$42.6 million and our revenues generated from the games services were US$5.7 million. Yalla Group Limited is the leading voice-centric social networking and entertainment platform in the Middle East and Northern Africa (MENA). PR Newswire. The Company strives to maintain users' equal status on its platform, thereby encouraging all of them to freely communicate and interact with each other. Yalla Group Limited Announces Unaudited Fourth Quarter and Full Year 2020 Financial Results PR Newswire – 03/15/2021 DUBAI Yalla Group Limited ( YALA ), the leading voice-centric social networking and entertainment platform in the Middle East and North Africa, today announced its unaudited financial results for the fourth quarter and full year ended December 31, 2020. Why Yalla Stock Popped on Monday Morning: 4: The Motley Fool: 15.03. 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 Yalla Group Limited (NYSE:YALA) Q4 2020 Earnings Conference Call March 15, 2021 8:00 AM ET. 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. The Company encourages investors and others to review its financial information in its entirety and not rely on a single financial measure. 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. The firm earned $48.34 million during the quarter, compared to analysts' expectations of $41.20 million. Yalla Group Limited (NYSE:YALA) Q3 2020 Earnings Conference Call November 9, 2020 8:00 PM ET. 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.