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. "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. Yalla Group Limited Announces Unaudited Fourth Quarter and Full Year 2020 Financial Results PR NewswireMon, Mar. 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. For more information, please visit: http://ir.yallatech.ae/. 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. ET by Tomi Kilgore Dow ends 329 points higher, but stocks book worst month since March as … income of $15.9M. Our selling and marketing expenses were US$21.7 million in 2020, compared with US$8.3 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. "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%. 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. The Company encourages investors and others to review its financial information in its entirety and not rely on a single financial measure. 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. 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. Tao Yang - … The Company's flagship mobile application, Yalla… October 29, 2020 GMT. 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. Voice chats are more suitable to the cultural norms in MENA compared to video chats. 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. 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. 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. Our cost of revenues was US$61.3 million in 2020, compared with US$20.6 million in last year. Our income tax expense was US$0.33 million in the fourth quarter of 2020, compared with US$0.13 million in the fourth quarter of 2019. The company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.05), MarketWatch Earnings reports. Kerry Gao - IR Director. 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 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. "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 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. The Company strives to maintain users' equal status on its platform, thereby encouraging all of them to freely communicate and interact with each other. By excluding the impact of share-based compensation expenses, the Company believes that the non-GAAP financial measures help identify underlying trends in its business and enhance the overall understanding of the Company's past performance and future prospects. 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 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. [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 Announces Unaudited Fourth Quarter and Full Year 2020 Financial Results Provided by PR Newswire. The non-GAAP financial measure is not defined under U.S. GAAP and are not presented in accordance with U.S. GAAP. You can read further details here. Posted by James Nelson on Mar 17th, 2021 Yalla Group (NYSE:YALA) issued its earnings results on Monday. 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 technology and product development expenses were US$5.2 million in 2020, compared with US$1.6 million in 2019. "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. 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. Our net income was US$3.2 million in 2020, compared with net income of US$28.9 million in 2019. Kerry Gao - IR Director. 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. Date Title; March 15, 2021 Yalla Group Ltd. Fourth Quarter 2020 Earnings Release . The non-GAAP financial measure has limitations as analytical tools. 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/. 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. 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. 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. Statements that are not historical facts, including statements about Yalla Group Limited's beliefs, plans, and expectations, are forward-looking statements. For details, please click https://ir.yallatech.ae for more information. 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. Investor Resources. - Revenues generated from chatting services in the fourth quarter of 2020 were US$42.6 million. The company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.05), MarketWatch Earnings reports. Operating income was US$3.8 million in 2020, compared with an operating income of US$29.0 million in 2019. Company Participants. Yang Tao - … Shares of NYSE:YALA opened at $27.15 on Wednesday. Private Securities Litigation Reform Act of 1995. SEC Filings Quarterly Results Annual Reports Analyst Coverage. 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. Yalla Group Limited ("Yalla" or the "Company") (NYSE: YALA), the leading voice-centric social networking and entertainment platform in the Middle … 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… 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. 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. 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. - Revenues generated from chatting services were US$123.0 million.- Revenues generated from games services were US$11.9 million. 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 … [4] Non-GAAP net income represents net income (loss) before share-based compensation. 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. Yalla Group Limited. 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. Yalla Group Limited (NYSE:YALA) Q4 2020 Earnings Conference Call March 15, 2021 8:00 AM ET. 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. Yalla Group (NYSE:YALA) issued its earnings results on Monday. Further, the non-GAAP financial measure may differ from the non-GAAP information used by other companies, including peer companies, and therefore their comparability may be limited. Our general and administrative expenses were US$43.0 million in 2020, compared with US$4.1 million in 2019. View the real-time YALA price chart on Robinhood and decide if you want to buy or sell commission-free. Yalla Group Limited is a holding company. 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 is the leading voice-centric social networking and entertainment platform in the Middle East and Northern Africa (MENA). 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. Company Participants. PR Newswire. Yalla Group Limited (NYSE:YALA) Q4 2020 Earnings Conference Call March 15, 2021 8:00 AM ET. Company Profile; Management ; Board of Directors; Corporate Governance; Stock Information. Yalla Group has a 1 year low of $6.26 […] We define non-GAAP basic and diluted net income (loss) per ADS as non-GAAP basic and diluted net income (loss) per ordinary share as one ADS represent one ordinary share. Yalla Group updated its Q1 2021 Pre-Market guidance to EPS. 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. Shares of Yalla Group (NYSE:YALA) popped by as much as 15% this morning after the company reported fourth-quarter earnings. 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. SA Breaking News. Non-GAAP net income is a non-GAAP financial measure. - Revenues generated from games services in the fourth quarter of 2020 were US$5.7 million. 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. We define non-GAAP operating income as operating income excluding share-based compensation. The increase was mainly driven by (i) share-based compensation expenses of US$16.3 million recognized for 2020, and (ii) other components of cost of revenues of US$45.0 million for 2020, a 119.0% increase from US$20.5 million for 2019, which was in line with our revenue growth and primarily due to our expanding business scale. Yalla Group Limited (NYSE:YALA) showed a performance of -1.63% in past 30-days. In-game real-time chats and Ludo chat room functions are popular social networking features among users. 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. Yalla Group Ltd - 6-K, Report of foreign issuer-SEC Filings: 15.03. 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 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. A brief summary - strong Buy, Buy, strong Sell, Sell or Neutral signals for the Yalla Group Ltd stock. Mar 15, 2021 10:00 AM UTC. 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. For the first quarter of 2021, the management of the Company currently expects revenues to be between US$60.0 million and US$63.0 million, which would represent an increase of approximately 184.7% to 198.9% from US$21.1 million for the first quarter of 2020. 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. Yalla Group Limited ("Yalla" or the "Company") (NYSE: YALA), the leading voice-centric social networking and entertainment platform in the Middle … 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. 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. 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. Yalla Group Limited ("Yalla" or the "Company") (NYSE: YALA), the leading voice-centric social networking and entertainment platform in the Middle East … 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. * Each ADS represents one Class A ordinary share. 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. "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. Investor FAQs Information Request Email Alerts IR Contacts. Corporate Governance . Kerry Gao - Senior IR Manager. This press release contains statements that may constitute "forward-looking" statements pursuant to the "safe harbor" provisions of the U.S. Our total costs and expenses were US$131.2 million in 2020, compared with US$34.5 million in last year. Yalla Group upgraded to outperform from perform at Oppenheimer Mar. Our revenues were US$134.9 million in 2020, a 112.6% increase from US$63.5 million in 2019. Why Yalla Stock Popped on Monday Morning: 4: The Motley Fool: 15.03. 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. Yahoo. 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. 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. DUBAI, UAE, March 15, 2021-- #YallaGroup Limited announced its unaudited financial results for the fourth quarter and full year ended December 31, 2020. 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 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. 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/. 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. Yalla Group updated its Q1 2021 Forward-looking statements involve inherent risks and uncertainties. Fourth Quarter Ended December 31, 2020 Financial and Operating Highlights. 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. 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. Operating income was US$9.3 million in the fourth quarter of 2020, compared with an operating income of US$8.3 million in the fourth quarter of 2019. Find the latest Earnings Report Date for Yalla Group Limited American Depositary Shares, each representing one Class A Ordinary Share (YALA) at Nasdaq.com. Yalla Group Limited Announces Unaudited Third Quarter 2020 Financial Results PR Newswire DUBAI, UAE, Nov. 8, 2020 DUBAI, UAE, Nov. 8, 2020 /PRNewswire/ -- Yalla Group Limited ("Yalla…
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