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HUYA

0YB1.L
17
Entertainment · Communication Services
Price
2.31 GBp
-0.01 (-0.39%)
Market Cap
£528.8M
Exchange
London Stock Exchange
Winston Score
17
Winston is worried
Weak fundamentals across most pillars.
Data as of Oct 8, 2026 · filings through Jun 30, 2026

§How the score breaks down

Quality
Weak
1/30
Growth
Mixed
7/20
Cash Flow
Data not available
0/10
Stability
Good
5/10
Valuation
Data not available
0/10
Ownership
Weak
1/15
Dividends
Good
3/5

17 of 100 counted points = Winston Score 17.

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Share count falling — buybacks

−5.4% over 4y

The company has reduced its share count over this period, returning value to shareholders through buybacks.

Diluted shares outstanding: 241.8M (2021) → 228.8M (2025)

§Winston Score History

The full picture

HUYA Inc. is a Chinese company that runs a live-streaming platform focused on video games. Gamers broadcast themselves playing games, and viewers watch, chat, and cheer them on in real time. It is one of the largest game-streaming platforms in China, similar to how Twitch works in the United States.

HUYA makes most of its money when viewers buy virtual gifts and send them to their favorite streamers during live broadcasts. It also earns some revenue from advertising and game-related services. The company operates almost entirely in China, making it heavily dependent on Chinese regulations and the health of that country's gaming market. A key risk is that Chinese authorities have tightened rules around online gaming and live streaming in recent years, which has pressured user growth and revenue, and the company is currently operating at a loss with thin gross margins that leave little room for error.

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+10.7% YoY

YoY Growth Rate

Steady revenue growth

EPS Growth

+128.2% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

¥483M/ year

↓ Declining (-6% vs prior year)

7.6% of revenue

Below sector average (12%)

R&D spend declining — could signal cost-cutting or efficiency

Insider Activity

0.2%ownership

→ Flat

Insider ownership roughly steady over the past year

Cash Position

Cash flow positive

¥2.8B cash & investments

Company generates more cash than it spends — no dilution risk from fundraising

Growth + cash flow

HUYA is a rare growth stock that's already generating positive cash flow while growing at 11%. The Winston Score doesn't fully credit this transition from "burner" to "earner."

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Profit per sale
Gross Margin
14.7%
Thin — 14.7% gross margin
Profit after running costs
Operating Margin
-0.9%
Losing money on operations — -0.9%
Return on the money invested
ROCE
-3.1%
Weak — -3.1% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales growth
Sales YoY
+12.2%
Fast-growing sales (+12.2% YoY)
Profit growth
EPS YoY
N/A
Data not available
How steady the profit is
EPS Consistency
4/8 quarters
Earnings inconsistent quarter-to-quarter

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Cash Flow

Profit that turns into cash
Cash Conversion
N/A
Data not available
Spare cash per sale
FCF Margin
N/A
Data not available

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Stability

What it owes vs what it owns
Debt / Equity
0.00
Conservative — low debt load (0.00)
Covers its interest
Interest Cover
N/A
—
Data not available

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Valuation

Price vs profit
P/E Ratio (TTM)
N/M
Negative earnings — P/E not meaningful
Cheaper or dearer next year
P/E vs Forward
N/A
not available
Data not available

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Dividends

Dividend
Dividend Yield
6.25%
Healthy income — 6.25% yield

Yield above 6% — often a flag the market is pricing in a cut.

Dividend record
Dividend Growth
N/A
Data not available

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