- The shares have fallen well off their post-IPO high, which was a little over the top.
- Revenue is still growing at triple digit rate, but marketing cost is growing considerably faster and content cost is also rising at least at the rate of revenue growth.
- The company has moved to generating cash and (small) profits and sits on a mountain of cash.
- We also have some concerns though, pertaining to earnings visibility and sustainability, regulators and content cost.
Huya Has Become Interesting Again
November 20th, 2018 · No Comments