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Citigroup raises HUYA price target after Q2 revenue grows 11%, driven by gaming and ads.

Analyst Insights
12 Aug 2026
Alex Lavoie
View Source
Bullish
pluang ai news

Citigroup reaffirmed its Buy rating on HUYA and raised the price target from $4.40 to $4.60 after HUYA reported an 11% year-over-year revenue increase in Q2 2026, reaching RMB1.74 billion. Growth was fueled by a 54.1% rise in game-related services and advertising revenue, offsetting a 4.5% decline in traditional live-streaming revenue. While gross profit and operating efficiency improved, non-GAAP net income fell due to lower interest income. The company’s expanding gaming business is key to offsetting challenges in live-streaming for sustainable profitability.

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