Huya (HUYA) Operating Margin (2017 - 2026)
Huya (HUYA) posted Operating Margin of 0.4% for Q2 2026, up 75.79% on a QoQ basis from 1.67% in Q1 2026, and up 111.0% year-over-year from 0.19% in Q2 2025.
Analysis
Huya (HUYA) Operating Margin (2017 - 2026) Analysis & Trends
Huya has reported Operating Margin for 10 years, with the latest figure at 0.4% in Q2 2026.
- On a quarterly basis, Operating Margin rose 111.0% year-over-year to 0.4% in Q2 2026; TTM through Jun 2026 was 1.66%, a 65.0% increase from a year earlier, with the FY2025 full-year figure at 0.0%, up 310.0% from the prior year.
- Operating Margin was 0.4% for Q2 2026 at Huya, up from 1.67% in the prior quarter.
- The five-year high for Operating Margin was 2.1% in Q3 2024, with the low at 27.43% in Q4 2022.
- Average Operating Margin over 5 years is 4.47%, with a median of 2.09% recorded in 2023.
- The sharpest annual moves came in 2022 and 2024: Operating Margin slumped 1115 bps in 2022, then surged 1487 bps in 2024.
- Over 5 years, Operating Margin stood at 27.43% in 2022, then grew by 23 bps to 21.07% in 2023, then soared by 71 bps to 6.2% in 2024, then soared by 40 bps to 3.73% in 2025, then jumped by 89 bps to 0.4% in 2026.
- The last three Operating Margin figures came in at 0.4% (Q2 2026), 1.67% (Q1 2026), and 3.73% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Netflix | 321.15 Bn | 312.02 Bn | 6.52 Bn | 33.38% |
| 2 | Spotify Technology | 108.56 Bn | 97.65 Bn | 1.86 Bn | 13.71% |
| 3 | Tencent Music Entertainment | 12.38 Bn | 8.87 Bn | 582.00 Mn | - |
| 4 | Huya | 485.14 Mn | 124.88 Mn | 37.58 Mn | -0.40% |
| 5 | iQIYI | 427.67 Mn | -43.23 Mn | 152.37 Mn | -1.67% |
| 6 | FuboTV | 324.08 Mn | -128.33 Mn | 399.10 Mn | 8.32% |
| 7 | Kaltura | 221.37 Mn | 190.08 Mn | 34.54 Mn | -1.65% |
| 8 | CuriosityStream | 157.45 Mn | 109.05 Mn | 16.93 Mn | 39.49% |
| 9 | Cineverse | 47.34 Mn | 43.02 Mn | 10.66 Mn | -16.75% |
| 10 | LiveOne | 46.60 Mn | 37.94 Mn | 3.94 Mn | -19.00% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -0.40% |
| Mar 31, 2026 | -1.67% |
| Dec 31, 2025 | -3.73% |
| Sep 30, 2025 | -0.85% |
| Jun 30, 2025 | -1.51% |
| Mar 31, 2025 | -3.95% |
| Dec 31, 2024 | -6.20% |
| Sep 30, 2024 | 2.10% |
| Jun 30, 2024 | -1.69% |
| Mar 31, 2024 | -2.56% |
| Dec 31, 2023 | -21.07% |
| Sep 30, 2023 | -1.74% |
| Jun 30, 2023 | -1.58% |
| Mar 31, 2023 | -2.60% |
| Dec 31, 2022 | -27.43% |
| Sep 30, 2022 | 0.49% |
| Jun 30, 2022 | -3.56% |
| Mar 31, 2022 | -2.44% |
| Dec 31, 2021 | -16.28% |
| Sep 30, 2021 | 2.79% |