emirates7 - Yalla Group Limited reported annual revenue of AED 1.2 billion ($339.7 million), marking a 6.5% increase from AED 1.1 billion in 2023.
This growth was driven by a strong fourth-quarter performance, with revenue rising 12.2% year-over-year to AED 333.5 million ($90.8 million), reflecting higher user engagement and improved monetization strategies.
Net income for the quarter increased by 9.7% to AED 119.4 million ($32.5 million), while the company maintained a solid net margin of 35.8% and a non-GAAP net margin of 39.3%.
Yang Tao, Founder, Chairman, and CEO of Yalla, attributed the company's impressive results to its focus on enhancing user experiences and optimizing operational efficiency, leading to a 26% year-over-year rise in operating profitability.
He further highlighted the transformative role of AI in the digital sector, emphasizing Yalla's use of AI technologies to more engaging and interactive experiences for its users.
This growth was driven by a strong fourth-quarter performance, with revenue rising 12.2% year-over-year to AED 333.5 million ($90.8 million), reflecting higher user engagement and improved monetization strategies.
Net income for the quarter increased by 9.7% to AED 119.4 million ($32.5 million), while the company maintained a solid net margin of 35.8% and a non-GAAP net margin of 39.3%.
Yang Tao, Founder, Chairman, and CEO of Yalla, attributed the company's impressive results to its focus on enhancing user experiences and optimizing operational efficiency, leading to a 26% year-over-year rise in operating profitability.
He further highlighted the transformative role of AI in the digital sector, emphasizing Yalla's use of AI technologies to more engaging and interactive experiences for its users.