Huya Weibo, Inc. is a leading online live streaming platform in China. The company reported its fourth quarter results, which showed a moderate recovery in the second half of 2022. The company's live streaming business is expected to resume positive growth in the second half of 2023, driven by factors such as the regulatory changes in June 2021, the macroeconomic recovery in China, and the release of new blockbuster games. The company's cost control and license reorganization are expected to lead to improved profitability in the future. The company's non-GAAP gross profit margin is expected to be -13.5% in 2023, and the company is expected to achieve group-level profitability in 2024. The company's stock price is currently trading below its net cash position, and the company's recovery in growth in streaming is expected to help it re-rate.
