Huya (HUYA) Gross Margin (2017 - 2026)
Huya (HUYA) posted Gross Margin of 14.66% for Q2 2026, little changed on a QoQ basis from 14.65% in Q1 2026, and up 111.0% year-over-year from 6.95% in Q2 2025.
Analysis
Huya (HUYA) Gross Margin (2017 - 2026) Analysis & Trends
Huya has reported Gross Margin for 10 years, with the latest figure at 14.66% in Q2 2026.
- On a quarterly basis, Gross Margin rose 111.0% year-over-year to 14.66% in Q2 2026; TTM through Jun 2026 was 14.22%, a 152.0% increase from a year earlier, with the FY2025 full-year figure at 0.0%, down 1330.0% from the prior year.
- Gross Margin was 14.66% for Q2 2026 at Huya, roughly flat from 14.65% in the prior quarter.
- The five-year high for Gross Margin was 14.99% in Q2 2023, with the low at 13.52% in Q4 2022.
- Average Gross Margin over 5 years is 11.28%, with a median of 13.54% recorded in 2022.
- The sharpest annual moves came in 2022 and 2023: Gross Margin sank 1356 bps in 2022, then surged 1451 bps in 2023.
- Over 5 years, Gross Margin stood at 13.52% in 2022, then surged by 107 bps to 0.99% in 2023, then soared by 1046 bps to 11.4% in 2024, then climbed by 24 bps to 14.08% in 2025, then gained by 4 bps to 14.66% in 2026.
- The last three Gross Margin figures came in at 14.66% (Q2 2026), 14.65% (Q1 2026), and 14.08% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Netflix | 321.15 Bn | 312.02 Bn | 6.52 Bn | 51.93% |
| 2 | Spotify Technology | 108.56 Bn | 97.65 Bn | 1.86 Bn | 33.41% |
| 3 | Tencent Music Entertainment | 12.38 Bn | 8.87 Bn | 582.00 Mn | - |
| 4 | Huya | 485.14 Mn | 124.88 Mn | 37.58 Mn | 14.66% |
| 5 | iQIYI | 427.67 Mn | -43.23 Mn | 152.37 Mn | 16.50% |
| 6 | FuboTV | 324.08 Mn | -128.33 Mn | 399.10 Mn | 106.36% |
| 7 | Kaltura | 221.37 Mn | 190.08 Mn | 34.54 Mn | 73.65% |
| 8 | CuriosityStream | 157.45 Mn | 109.05 Mn | 16.93 Mn | 72.84% |
| 9 | Cineverse | 47.34 Mn | 43.02 Mn | 10.66 Mn | 34.84% |
| 10 | LiveOne | 46.60 Mn | 37.94 Mn | 3.94 Mn | 20.36% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 14.66% |
| Mar 31, 2026 | 14.65% |
| Dec 31, 2025 | 14.08% |
| Sep 30, 2025 | 13.42% |
| Jun 30, 2025 | 13.55% |
| Mar 31, 2025 | 12.49% |
| Dec 31, 2024 | 11.40% |
| Sep 30, 2024 | 13.24% |
| Jun 30, 2024 | 13.94% |
| Mar 31, 2024 | 14.66% |
| Dec 31, 2023 | 0.99% |
| Sep 30, 2023 | 13.85% |
| Jun 30, 2023 | 14.99% |
| Mar 31, 2023 | 13.16% |
| Dec 31, 2022 | -13.52% |
| Sep 30, 2022 | 14.39% |
| Jun 30, 2022 | 9.63% |
| Mar 31, 2022 | 13.53% |
| Dec 31, 2021 | 0.04% |
| Sep 30, 2021 | 16.94% |