DUBAI / WAM
Yalla Group Limited, the UAE-based leading voice-centric social networking and entertainment platform in the
Middle East and North Africa (Mena), on Tuesday announced its financial results for the first quarter of the
fiscal year 2022, recording AED 265.7 million in revenues.
According to Yalla Group’s latest financial results, the GAAP and non-GAAP net margins during the first quarter ending on 31st March increased by 24.5 percent and 35.9 percent, respectively.
The lion’s share of total quarterly revenues was generated from chatting services, recording AED 190.5 million, while revenues posted by games services were estimated at AED 74.6 million of total revenues.
The Average MAUs also increased by 55.3 percent to AED 29.2 million in the first quarter of this year compared to AED 18.8 million in the same period of 2021. Meanwhile, the number of paying users on Yalla platforms increased by 61.0 percent to AED 9.4 million compared to AED 5.8 million in the same quarter of 2021.
“We had a stellar first quarter marked by strong results in both operational and financial metrics. Yalla Group’s total revenue reached AED 265.7 million. This exceptional performance was driven by our continued efforts to expand our user community, effective conversion of active users into paying users, and further advancement in monetisation capabilities,” said Tao Yang, Founder, Chairman and Chief Executive Officer of Yalla.