Yalla Group reports 18.7 increase y-o-y in net income in 2024

UAE-headquartered social media and gaming company Yalla Group’s net income rose 9.7% y-o-y to USD 32.5 mn in 4Q 2024, as revenues climbed 12.2% to USD 90.8 mn, according to an earnings release. Revenues hit a record high for the second quarter in a row, after seeing 14.4% y-o-y growth in monthly active users and a 3.2% y-o-y increase in paying users to 12.3 mn in 4Q.

For the full year, net income increased 18.7% y-o-y to USD 134.2 mn, while revenues were up 6.5% y-o-y to USD 339.7 mn in 2024.