Yalla Group Limited (NYSE:YALA)

We are proud to announce that Yalla Group has been awarded the prestigious AppGallery Powerhouse Partnership Award during the Huawei Developer Conference (HDC) · MEA 2024. This esteemed recognition underscores our commitment to delivering innovative, high-quality experiences to our users while solidifying our valued partnership with Huawei AppGallery. The award was presented by His Highness Sheikh Sultan Bin Khalifa Bin Sultan Bin Shakhboot Al Nehayan, President of the Emirates Esports Federation, highlighting the importance of collaboration in advancing digital ecosystems in the region. We thank our users, partners, and dedicated team for making this milestone possible. Together, we continue to shape the future of mobile gaming and social networking in the MENA region and beyond.

We're thrilled to announce our financial results for Q3 2024, showcasing remarkable growth and strong performance across critical metrics. This quarter, we generated revenue of $89.9 million, with a net income of $39.2 million, achieving a solid net margin of 44.1%. Our net income has risen by 11.2% year-over-year, underscoring our ongoing commitment to profitability. Our Average Monthly Active Users (MAUs) reached an impressive 40.2 million, up 14.5% from last year, with 12.6 million among them as paying users These results underscore our commitment to creating value and broadening our digital landscape. We remain focused on advancing innovation, boosting user engagement, and maintaining our position as market leaders. We extend our sincere gratitude to our team, partners, and stakeholders for their unwavering support as we work toward our long-term growth objectives. #YallaGroup #Yalla #FinancialResults #Q32024 #NYSE

The Egyptian Ludo Arab Cup Qualifiers, hosted yesterday at the Westin New Cairo Golf Resort, brought together over 32 top players. Organized by Yalla Group and our flagship product Yalla Ludo and Huawei AppGallery, and supported by Egypt’s Ministry of Tourism, the Ministry of Youth and Sports, and the Egyptian Esports Federation, the event attracted more than 500 attendees. The tournament highlighted Egypt’s growing role in the esports sector, merging competitive gaming with tourism and youth initiatives. With this event, we reaffirm our commitment to enhancing the esports ecosystem in the region. #LudoArabCup #YallaLudo #HuaweiAppGallery #Esports #Egypt

In a recent interview with PocketGamer.biz, our Group President Mr. Saifi Ismail discussed the unique opportunities and competitive advantages we hold in the MENA region's gaming and social ecosystem. With a fast-growing, dynamic audience and an increasing demand for localized, innovative content, we’re excited to continue driving forward with tailored experiences that resonate with the Middle Eastern market. Our commitment to user engagement, cultural relevance, and product excellence remains stronger than ever. Read the full interview to learn more about our strategy and future plans: https://lnkd.in/dgsN4rxe #YallaGroup #MiddleEast #GamingInnovation #PocketGamer #localization #YallaLudo

We are excited to share our financial results for the second quarter of 2024, which highlight significant growth and robust performance across key metrics. We achieved revenue of $81.2 million, with a net income of $31.4 million, translating to a strong net margin of 38.6%. Our net income grew by 10.9% year-over-year, reflecting our continued focus on profitability. Additionally, our Average Monthly Active Users (MAUs) reached 39.0 million, marking a 14.1% year-over-year increase, with 12.0 million paying users. These results emphasize our dedication to delivering value and expanding our digital ecosystem. We remain committed to driving innovation, enhancing user engagement, and maintaining our leadership in the market. We extend our sincere appreciation to our team, partners, and stakeholders for their unwavering support as we work toward our long-term growth objectives. #YallaGroup #FinancialResults #2024Q2 #BusinessGrowth

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We are thrilled to share that the Yalla Ludo Competition, held under the esteemed supervision of The UAE Esports Federation, took place in Abu Dhabi on July 20th! This fantastic event was a collaborative effort between Yalla Group and Huawei AppGallery. Players from all over the UAE showcased their skills and passion for the game, making it a memorable day filled with fun, excitement, and fierce competition. A big thank you to everyone who participated and supported this event! Stay tuned for more thrilling events and competitions from Yalla Group! #YallaLudo #Esports #Competition #AbuDhabi #UAE #YallaGroup #GamingCommunity #YallaLudoChampionship

We are thrilled to announce that yesterday was spectacular with the lightshow on the iconic Burj Khalifa, marking the successful partnership between HUAWEI AppGallery Huawei Mobile Services MENA and Yalla Ludo, one of the flagship products of Yalla Group! This event sets a new benchmark in mobile gaming and e-sports, showcasing our commitment to innovation and excellence. #HUAWEIAppGallery #yallaludo#dubai #mobilegaming #esports

Yalla Group wishes you and your family Eid Al-Adha Mubarak! مجموعة يلا المحدودة تتمنى لكم عيد اضحى مبارك! #EidAl-Adha #EidMubarak #Yalla

We are delighted to announce our outstanding financial performance for the first quarter of 2024. The company achieved a net profit of US$31.1 million, reflecting a remarkable 56.2% year-on-year increase, with a net profit margin of 39.5%. Looking ahead, we are dedicated to sustaining high-quality growth, further improving operational efficiency, and investing in the expansion of Yalla's product ecosystem.