Yalla Group reports record revenues of AED 873.9mln in first three Qs of 2023

Yalla Group reports record revenues of AED 873.9mln in first three Qs of 2023

Average MAUs increased by 13.6% to 35.1 million in the third quarter of 2023

Yalla to push the boundaries of innovation and efficiency in the social networking and gaming landscape

UAE, Dubai: Yalla Group Limited ("Yalla" or the "Company") (NYSE: YALA), the largest Middle East and North Africa (MENA)-based online social networking and gaming company, has announced a remarkable milestone, reporting a record revenue of AED 873.9 million ($237.9 million) for the first nine months of 2023.

The latest quarterly financial results also showcase substantial growth, with third-quarter revenues reaching AED 312.9 million ($85.2 million), marking an impressive 6.4% increase compared to the same quarter in 2022. These results underscore Yalla's robust financial performance and sustained business momentum.

In addition to the revenue achievements, Yalla has reported a Q3 net income of AED 129.2 million (US$35.2 million), reflecting a substantial 44.3% increase from the third quarter of 2022, when it stood at AED 89.6 million (US$24.4 million). The company's net margin remained exceptionally high at 41.4%, highlighting its strong monetization capabilities and disciplined SG&A spending.

Moreover, Yalla's average monthly active users (MAUs) experienced significant growth, surging by 13.6% to 35.1 million in the third quarter of 2023, compared to