06:53 AM EDT, 08/13/2024 (MT Newswires) -- HUYA ( HUYA ) reported Q2 non-GAAP net income Tuesday of 0.41 Chinese renminbi ($0.06) per diluted American Depositary share, down from 0.47 renminbi a year earlier.

One analyst polled by Capital IQ expected 0.55 renminbi.

Total net revenue for the quarter ended June 30 was 1.54 billion renminbi, down from 1.84 billion renminbi a year earlier.

Analysts surveyed by Capital IQ expected 1.50 billion renminbi.

The company said its board approved a one-year $100 million share buyback plan.

Additionally, HUYA ( HUYA ) said its board declared a special cash dividend of $1.08 per share, payable Oct. 25 to shareholders of record as of Oct. 9.

The company's shares were up more than 9% in recent premarket activity.

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