Huya (HUYA) Operating Expenses (2017 - 2026)
Huya (HUYA) posted Operating Expenses of -$39.8 million for Q2 2026, up 3.69% on a QoQ basis from -$41.3 million in Q1 2026, and down 16.96% year-over-year from -$47.9 million in Q2 2025.
Analysis
Huya (HUYA) Operating Expenses (2017 - 2026) Analysis & Trends
Huya has reported Operating Expenses for 10 years, with the latest figure at -$39.8 million in Q2 2026.
- On a quarterly basis, Operating Expenses fell 16.96% year-over-year to -$39.8 million in Q2 2026; TTM through Jun 2026 was -$162.9 million, a 133.34% decrease from a year earlier, with the FY2025 full-year figure at -$16500.0, up 3.51% from the prior year.
- Operating Expenses was -$39.8 million for Q2 2026 at Huya, up from -$41.3 million in the prior quarter.
- The five-year high for Operating Expenses was $35.5 million in Q3 2024, with the low at -$66.6 million in Q1 2022.
- Average Operating Expenses over 5 years is -$39.2 million, with a median of -$41.0 million recorded in 2023.
- The sharpest annual moves came in 2024 and 2025: Operating Expenses jumped 187.07% in 2024, then plunged 198.94% in 2025.
- Over 5 years, Operating Expenses stood at -$48.8 million in 2022, then retreated by 1.27% to -$49.4 million in 2023, then grew by 25.88% to -$36.6 million in 2024, then dropped by 27.79% to -$46.8 million in 2025, then grew by 14.96% to -$39.8 million in 2026.
- The last three Operating Expenses figures came in at -$39.8 million (Q2 2026), -$41.3 million (Q1 2026), and -$46.8 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Netflix | 321.15 Bn | 312.02 Bn | 6.52 Bn | 1.51 Bn |
| 2 | Spotify Technology | 108.56 Bn | 97.65 Bn | 1.86 Bn | 640.46 Mn |
| 3 | Tencent Music Entertainment | 12.38 Bn | 8.87 Bn | 582.00 Mn | -191.00 Mn |
| 4 | Huya | 485.14 Mn | 124.88 Mn | 37.58 Mn | -39.77 Mn |
| 5 | iQIYI | 427.67 Mn | -43.23 Mn | 152.37 Mn | -938.70 Mn |
| 6 | FuboTV | 324.08 Mn | -128.33 Mn | 399.10 Mn | 344.01 Mn |
| 7 | Kaltura | 221.37 Mn | 190.08 Mn | 34.54 Mn | 35.31 Mn |
| 8 | CuriosityStream | 157.45 Mn | 109.05 Mn | 16.93 Mn | 14.07 Mn |
| 9 | Cineverse | 47.34 Mn | 43.02 Mn | 10.66 Mn | 35.72 Mn |
| 10 | LiveOne | 46.60 Mn | 37.94 Mn | 3.94 Mn | 23.03 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -39.77 Mn |
| Mar 31, 2026 | -41.30 Mn |
| Dec 31, 2025 | -46.77 Mn |
| Sep 30, 2025 | -35.09 Mn |
| Jun 30, 2025 | -34.00 Mn |
| Mar 31, 2025 | -34.68 Mn |
| Dec 31, 2024 | -36.60 Mn |
| Sep 30, 2024 | 35.46 Mn |
| Jun 30, 2024 | -34.97 Mn |
| Mar 31, 2024 | -37.58 Mn |
| Dec 31, 2023 | -49.38 Mn |
| Sep 30, 2023 | -40.73 Mn |
| Jun 30, 2023 | -44.90 Mn |
| Mar 31, 2023 | -45.34 Mn |
| Dec 31, 2022 | -48.76 Mn |
| Sep 30, 2022 | -52.68 Mn |
| Jun 30, 2022 | -52.33 Mn |
| Mar 31, 2022 | -66.58 Mn |
| Dec 31, 2021 | -80.76 Mn |
| Sep 30, 2021 | -80.03 Mn |