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ABU DHABI / WAM
Yalla Group Limited has announced its unaudited financial results for the fourth quarter and full year ended on December 31, 2022.
Yalla continued to focus on quality growth in 2022, with full year revenue hitting AED 1.1 billion, ($303.6 million), an increase of 11.2 percent compared to AED 1.0 billion in 2021. The group also recorded a net margin of 26.0 percent and a non-GAAP net margin of 34.8 percent for the fiscal year 2022.
The Middle East and North Africa (Mena)-based online social networking and gaming company has also reported solid fourth-quarter results with Q4 revenues reaching AED 275.9 million ($75.1 million), representing a notable increase of 11.2 percent compared to AED 248.1 million during the same quarter of the previous year.
This demonstrates the company’s strong financial performance and sustained momentum in its business.
Yalla has also reported a net income of AED 60.8 million ($16.6 million), with a non-GAAP net margin that remained exceptionally high at 29.0 percent, underscoring the company’s strong monetisation capabilities and disciplined SG&A spending.