Our reporter Yuan Chuanxi
On November 30th, Huanju Group (NASDAQ: YY) released its financial report for the third quarter of 2023. During the reporting period, Huanju Group achieved a revenue of 567.1 million US dollars, a month on month increase of 3.6%; The revenue of the core business segment BIGO reached 494.1 million US dollars, a month on month increase of 4.9% and a year-on-year increase of 2.2%, achieving a positive year-on-year growth in revenue for the first time in six quarters. Under non US GAAP accounting standards, the net profit was $81.2 million, a year-on-year increase of 5.5%, and the net profit margin reached 14.3%; BIGO's operating profit was $81.9 million, a year-on-year increase of 11.7%, with an operating profit margin of 16.6%. The company continued to record positive operating cash flows of $72.9 million.
During the reporting period, Huanju Group's global social entertainment MAU increased by 2.6% year-on-year, reaching 276.8 million. Among them, BIGO Live MAU achieved double-digit growth for six consecutive quarters, with a year-on-year increase of 14% to 40.3 million in the third quarter. The paid users in the BIGO sector maintained healthy growth, with a year-on-year increase of 6.6%, and ARPPU also saw a month on month increase.