Yalla Group (NYSE:YALA) Posts Earnings Results

Yalla Group (NYSE:YALAGet Free Report) released its quarterly earnings data on Tuesday. The company reported $0.21 earnings per share for the quarter, FiscalAI reports. The firm had revenue of $82.61 million during the quarter. Yalla Group had a net margin of 42.03% and a return on equity of 18.03%.

Yalla Group Trading Up 3.9%

NYSE:YALA opened at $5.55 on Wednesday. The company has a market cap of $848.32 million, a PE ratio of 7.20 and a beta of 0.47. The company has a 50 day simple moving average of $5.38 and a two-hundred day simple moving average of $6.18. Yalla Group has a 12 month low of $5.01 and a 12 month high of $8.10.

Institutional Trading of Yalla Group

Large investors have recently modified their holdings of the company. XTX Topco Ltd increased its position in Yalla Group by 245.1% during the fourth quarter. XTX Topco Ltd now owns 137,585 shares of the company’s stock valued at $955,000 after acquiring an additional 97,712 shares during the last quarter. FIL Ltd purchased a new position in Yalla Group in the fourth quarter worth about $14,053,000. Jump Financial LLC bought a new stake in shares of Yalla Group during the 4th quarter valued at about $94,000. Verition Fund Management LLC bought a new stake in shares of Yalla Group during the 4th quarter valued at about $73,000. Finally, Barclays PLC increased its position in shares of Yalla Group by 46.9% during the 4th quarter. Barclays PLC now owns 1,200,915 shares of the company’s stock valued at $8,334,000 after purchasing an additional 383,511 shares during the last quarter. Institutional investors own 4.73% of the company’s stock.

Yalla Group Company Profile

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Yalla Group (NYSE:YALA) operates a voice-centric social networking and entertainment platform designed to connect users through live audio chat rooms, interactive voice channels and mobile gaming. Its core product, the Yalla app, allows participants in the Middle East and North Africa (MENA) region to join real-time voice discussion groups, host audio shows and send virtual gifts. Through the PokerBROS brand, the company offers a mobile-first social poker platform featuring Texas Hold’em, Chinese Poker and other variants, enabling casual and competitive gaming among a growing user base.

Founded in 2016 and incorporated in the Cayman Islands, Yalla Group established its headquarters in Riyadh with additional offices in Dubai and Asia.

Further Reading

Earnings History for Yalla Group (NYSE:YALA)

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