DUBAI, UAE, May 10, 2021 /PRNewswire/ -- Yalla Group Limited
("Yalla" or the "Company") (NYSE: YALA), the leading voice-centric
social networking and entertainment platform in the Middle East and North Africa (MENA), today announced its
unaudited financial results for the first quarter ended
March 31, 2021.
First Quarter Ended March 31,
2021 Financial and Operating Highlights
- Revenues were US$67.6
million in the first quarter of 2021, representing an
increase of 221.0% from the first quarter of 2020.
- Revenues generated from chatting services in the first quarter of
2021 were US$54.8 million.
- Revenues generated from games services in the first quarter of
2021 were US$12.8 million.
- Net income was US$19.8
million in the first quarter and net margin was 29.3%,
representing an increase of 114.6% from the first quarter of
2020.
- Non-GAAP net income[1] was
US$33.6 million in the first quarter,
representing an increase of 263.7% from the first quarter of 2020.
Non-GAAP net margin was 49.7% in the first quarter of 2021.
- Average MAUs[2] increased by 206.9% to
18.8 million in the first quarter of 2021 from 6.1 million in the
first quarter of 2020.
- The number of paying users[3] on our
platform increased by 260.4% to 5.8 million in the first quarter of
2021 from 1.6 million in the first quarter of 2020.
[1] Non-GAAP net
income represents net income before share-based compensation.
Non-GAAP net income is a non-GAAP financial measure. See the
sections entitled "Non-GAAP Financial Measures" and "Reconciliation
of GAAP and Non-GAAP Results" for more information about the
non-GAAP measures referred to in this press release.
|
[2] "Average MAUs"
refers to the average monthly active users in a given period
calculated by dividing (i) the sum of active users for each month
of such period, by (ii) the number of months in such period.
"Active users" refers to registered users who accessed any of our
mobile applications at least once during a given period.
|
[3] "Paying users"
refers to registered users who played a game or purchased our
virtual items or upgrade services using virtual currencies on our
platform at least once in a given period, except for users who
receive all of their virtual currencies directly or indirectly from
us for free. "Registered users" refers to users who have registered
accounts on our platform as of a given time; a registered user is
not necessarily a unique user, however, as an individual may
register multiple accounts on our platform, and consequently, the
number of registered users we present in this press release may not
equal the number of unique users who have registered on our
platform as of a given time.
|
Key Operating
Data
|
For the three
months ended
|
|
March 31,
2020
|
|
March 31,
2021
|
|
|
|
|
Average MAUs
(in thousands)
|
6,127
|
|
18,806
|
Yalla
|
4,016
|
|
7,293
|
Yalla Ludo
|
2,111
|
|
11,513
|
|
|
|
|
Paying users
(in thousands)
|
1,620
|
|
5,839
|
Yalla
|
759
|
|
1,215
|
Yalla Ludo
|
861
|
|
4,624
|
|
|
|
|
"We had a stellar first quarter marked by strong results in both
operational and financial metrics. Yalla Group's total revenue
increased by 39.9% quarter-over-quarter and reached US$67.6 million, exceeding the upper end of our
guidance range by 7.4%. This exceptional performance was driven by
our continued efforts to expand our user community, effective
conversion of active users into paying users, and further
advancement in monetization capabilities," said Mr.Yang Tao, Founder, Chairman and Chief Executive
Officer of Yalla. " We continue to enrich and expand our product
offerings, including Yalla, Yalla Ludo, and various new products in
the pipeline, and we believe enhancing product synergies is an
essential part of our plan in growing a comprehensive Yalla
ecosystem and attracting new users. In addition, strong product
synergies will drive efficiencies in user acquisition, encourage
new product adoption and build strong platform affinity among our
user base."
"This year marks Yalla Group's fifth anniversary, and we are
proud to say that we have affirmed our mission to build the most
popular destination for online social networking and entertainment
activities in MENA over the past five years, and are continually
enriching our product offerings to better serve local users.
Looking ahead, we will keep enthusiastically monitoring trends in
MENA's local culture, expanding our friendly community, and
building an integrated and synergistic ecosystem with diverse
products and services tailored to local users' needs," concluded
Mr.Yang.
"Our strong performance sustained into the first quarter, " said
Ms. Karen Hu, Chief Financial
Officer of Yalla. "As we steadfastly executed our growth strategy
that prioritizes user experience and community development, our
revenues and non-GAAP net income rose by 221.0% and 263.7%
year-over-year to reach US$67.6
million and US$33.6 million in
the first quarter of 2021 respectively. Non-GAAP net margin was
49.7%, an indication of the robustness of our business model and
disciplined execution. As we entered into the second quarter, with
the Ramadan fasting period taking place across MENA between
13th April and 12th May in 2021, we expect to
have a relatively moderate revenue growth due to potentially
reduced social and entertainment activities, which is an annual
seasonal impact. Looking ahead, we will leverage our team's deep
local insights, continue to develop the Yalla ecosystem and enhance
our brand building to further pave the runway for long-term growth,
as we are committed to delivering a superb experience to our users
and meaningful returns for shareholders."
First Quarter 2021 Financial Results
Revenues
Our revenues were US$67.6 million
in the first quarter of 2021, a 221.0% increase from US$21.1 million in the first quarter of 2020. The
increase was primarily driven by the widening of Yalla's and Yalla
Ludo's user base and the enhancement in Yalla Group's monetization
capability. Our average MAUs increased by 206.9% from 6.1 million
in the first quarter of 2020 to 18.8 million in the first quarter
of 2021. Another primary contributor to our solid revenues growth
was the significant growth in the number of paying users, which
increased from 1.6 million in the first quarter of 2020 to 5.8
million in the first quarter of 2021.
In the first quarter of 2021, our revenues generated from
chatting services were US$54.8
million and our revenues generated from the games services
were US$12.8 million.
Costs and expenses
Our total costs and expenses were US$47.4
million in the first quarter of 2021, compared with
US$11.8 million in the first quarter
of 2020. The increase was in line with our revenue growth and
primarily due to our expanding business scale.
Our cost of revenues was US$24.0
million in the first quarter of 2021, compared with
US$6.8 million in the first quarter
of 2020.The increase was mainly driven by (i) share-based
compensation expenses of US$1.7
million recognized for the first quarter of 2021, and (ii)
other components of cost of revenues of US$22.3 million for the first quarter of 2021, a
227.2% increase from US$6.8 million
for the first quarter of 2020, which was primarily due to an
increase in commission fee for third-party payment platforms
resulted from our expanding business scale. Other components of
cost of revenues as a percentage of our total revenues remained
relatively stable at 33.0% in the first quarter of 2021, compared
with 32.3% in the same period in 2020.
Our selling and marketing expenses were US$8.4 million in the first quarter of 2021,
compared with US$2.8 million in the
same period last year. The increase was mainly driven by (i)
share-based compensation expenses of US$3.2
million recognized for the first quarter of 2021, and (ii)
other components of selling and marketing expenses of US$5.1 million for the first quarter of 2021, an
81.7% increase from US$2.8 million
for the same quarter last year, which was primarily due to higher
advertising and market promotion expenses as a result of our
continued user acquisition efforts. Other components of selling and
marketing expenses as a percentage of our total revenues decreased
from 13.4% in the first quarter of 2020 to 7.6% in the same period
in 2021, primarily due to strong growth in organic user acquisition
through word-of-mouth referrals as well as brand effect, and
enhanced marketing efficiency.
Our general and administrative expenses were US$11.7 million in the first quarter of 2021,
compared with US$1.3 million in the
same period last year. The increase was mainly driven by (i)
share-based compensation expenses of US$8.7
million recognized for the first quarter of 2021, and (ii)
other components of general and administrative expenses of
US$3.0 million for the first quarter
of 2021, a 124.4% increase from US$1.3
million for the same quarter last year, which was primarily
due to an increase in salaries and other benefits for our general
and administrative staff, which was in turn driven by an expansion
of our general and administrative staff. Other components of
general and administrative expenses as a percentage of our total
revenues decreased from 6.4% in the first quarter of 2020 to 4.4%
in the first quarter of 2021 due to economies of scale.
Our technology and product development expenses were
US$3.3 million in the first quarter
of 2021, compared with US$0.9 million
in the same period last year. The increase was mainly driven by (i)
share-based compensation expenses of US$0.1
million recognized for the first quarter of 2021, and (ii)
other components of technology and product development expenses of
US$3.2 million for the first quarter
of 2021, a 277.0% increase from US$0.9
million for the same quarter last year, which was primarily
due to an increase in salaries and benefits for our technology and
product development staff, which was in turn driven by an expansion
of our technology and product development staff due to our
increased investment in new products and services. As a result of
these reasons, other components of technology and product
development expenses as a percentage of our total revenues also
increased from 4.0% in the first quarter of 2020 to 4.7% in the
same period of 2021.
Operating income
Operating income was US$20.2
million in the first quarter of 2021, compared with an
operating income of US$9.2 million in
the first quarter of 2020.
Non-GAAP operating income[4]
Non-GAAP operating income (which excluded share-based
compensation expenses) for the first quarter of 2021 was
US$34.0 million, a 267.8% increase
from US$9.2 million for the same
quarter last year.
Income tax expense
Our income tax expense was US$0.43
million in the first quarter of 2021, compared with
US$0.19 million in the first quarter
of 2020.
Net income
As a result of the foregoing, our net income was US$19.8 million in the first quarter of 2021,
compared with net income of US$9.2
million in the first quarter of 2020.
Non-GAAP net
income[5]
Non-GAAP net income (which excluded share-based compensation
expenses) for the first quarter of 2021 was US$33.6 million, a 263.7% increase from
US$9.2 million for the same quarter
last year.
[4] Non-GAAP
operating income represents operating income before share-based
compensation. Non-GAAP operating income is a non-GAAP financial
measure. See the sections entitled "Non-GAAP Financial Measures"
and "Reconciliation of GAAP and Non-GAAP Results" for more
information about the non-GAAP measures referred to in this press
release.
|
[5] Non-GAAP net
income represents net income before share-based compensation.
Non-GAAP net income is a non-GAAP financial measure. See the
sections entitled "Non-GAAP Financial Measures" and "Reconciliation
of GAAP and Non-GAAP Results" for more information about the
non-GAAP measures referred to in this press release.
|
Net income per share
Basic and diluted net income per ordinary share were
US$0.13 and US$0.11 for the first quarter of 2021, while
basic and diluted net income per ordinary share were both
US$0.07 in the same period of
2020.
Non-GAAP net income per ordinary
share[6]
Non-GAAP basic and diluted net income per ordinary share were
US$0.23 and US$0.19 respectively, compared
to US$0.07 for both in the same period of 2020.
Cash and cash equivalents
As of March 31, 2021, we had cash
and cash equivalents of US$261.7
million, as compared to cash and cash equivalents of
US$236.9 million as of December 31, 2020.
Outlook
For the second quarter of 2021, the management of the Company
currently expects revenues to be between US$65.0 million and US$71.0 million, which would represent an
increase of approximately 105.2% to 124.1% from US$31.7 million for the second quarter of
2020.
The above outlook is based on the current market conditions and
reflects the Company management's current and preliminary estimates
of market and operating conditions and customer demand, which are
all subject to change.
[6] Non-GAAP net
income per ordinary share is non-GAAP net income attributable to
ordinary shareholders of Yalla Group Limited, using the two-class
method, divided by weighted average number of basic and diluted
share outstanding. Non-GAAP net income per share is a non-GAAP
financial measure. See the sections entitled "Non-GAAP Financial
Measures" and "Reconciliation of GAAP and Non-GAAP Results" for
more information about the non-GAAP measures referred to in this
press release.
|
Conference Call
The Company's management will host an earnings conference call
on Monday, May 10, 2021 at
8:00 P.M. U.S. Eastern Time or
Tuesday, May 11, 2021 at 8:00 A.M. Beijing/Hong
Kong time.
Dial-in details for the earnings conference call are as
follows:
United States Toll
Free:
|
+1-888-317-6003
|
International:
|
+1-412-317-6061
|
Mainland China Toll
Free:
|
400-120-6115
|
Hong Kong Toll
Free:
|
800-963-976
|
Access
Code:
|
0256814
|
Additionally, a live and archived webcast of the conference call
will be available on the Company's investor relations website at
http://ir.yallatech.ae/.
A replay of the conference call will be accessible until
May 17, 2021, by dialing the
following telephone numbers:
United States Toll
Free:
|
+1-877-344-7529
|
International:
|
+1-412-317-0088
|
Access
Code:
|
10156002
|
Non-GAAP Financial Measures
To supplement the financial measures prepared in accordance with
generally accepted accounting principles in the United States, or GAAP, this press release
presents non-GAAP financial measures, namely non-GAAP operating
income, non-GAAP net income, non-GAAP net margin and non-GAAP basic
and diluted net income per ordinary share, as supplemental measures
to review and assess the Company's operating performance. The
presentation of the non-GAAP financial measures is not intended to
be considered in isolation or as a substitute for the financial
information prepared and presented in accordance with U.S. GAAP. We
define non-GAAP operating income as operating income excluding
share-based compensation. We define non-GAAP net income as net
income excluding share-based compensation.
Non-GAAP net margin is non-GAAP net income as a
percentage of total net revenues. We define non-GAAP net income
attributable to ordinary shareholders as net income attributable to
ordinary shareholders excluding share-based compensation. We define
non-GAAP net income per ordinary share as non-GAAP net income
attributable to ordinary shareholders of Yalla Group Limited, using
the two-class method, divided by weighted average number of basic
and diluted share outstanding.
By excluding the impact of share-based compensation expenses,
which are non-cash charges, the Company believes that the non-GAAP
financial measures help identify underlying trends in its business
and enhance the overall understanding of the Company's past
performance and future prospects. Investors can better understand
the Company's operating and financial performance, compare business
trends among different reporting periods on a consistent basis and
assess its core operating results, as they exclude share-based
compensation expenses, which are not expected to result in cash
payments. The Company also believes that the non-GAAP financial
measures allow for greater visibility with respect to key metrics
used by the Company's management in its financial and operational
decision-making.
The non-GAAP financial measure is not defined under U.S. GAAP
and are not presented in accordance with U.S. GAAP. The non-GAAP
financial measure has limitations as analytical tools. One of the
key limitations of using the non-GAAP financial measures is that
they do not reflect all items of income and expense that affect the
Company's operations. Share-based compensation has been and may
continue to be incurred in the Company's business and is not
reflected in the presentation of non-GAAP financial measures.
Further, the non-GAAP financial measure may differ from the
non-GAAP information used by other companies, including peer
companies, and therefore their comparability may be limited.
The Company compensates for these limitations by providing the
relevant disclosure of its non-GAAP financial measures in the reconciliations to
the nearest U.S. GAAP performance measures, all of which should be
considered when evaluating its performance. The Company encourages
investors and others to review its financial information in its
entirety and not rely on a single financial measure.
Reconciliation of GAAP and non-GAAP results is set forth at the
end of this press release.
About Yalla Group Limited
Yalla Group Limited is the leading voice-centric social
networking and entertainment platform in the Middle East and Northern Africa (MENA). The Company's flagship
mobile application, Yalla, is specifically tailored for the people
and local cultures of the region and primarily features Yalla
rooms, a mirrored online version of the majlis or cafés where
people spend their leisure time in casual chats. Voice chats are
more suitable to the cultural norms in MENA compared to video
chats. The Company strives to maintain users' equal status on its
platform, thereby encouraging all of them to freely communicate and
interact with each other. The Company also operates Yalla Ludo, a
mobile application featuring online versions of board games that
are highly popular in MENA, such as Ludo and Domino. In-game
real-time chats and Ludo chat room functions are popular social
networking features among users. Through close attention to detail
and localized appeal that deeply resonates with users, Yalla's
mobile applications deliver a seamless user experience that fosters
a loyal sense of belonging, creating a highly devoted and engaged
user community.
For more information, please visit: http://ir.yallatech.ae/
Safe Harbor Statement
This press release contains statements that may constitute
"forward-looking" statements pursuant to the "safe harbor"
provisions of the U.S. Private Securities Litigation Reform Act of
1995. These forward-looking statements can be identified by
terminology such as "will," "expects," "anticipates," "aims,"
"future," "intends," "plans," "believes," "estimates," "likely to"
and similar statements. Statements that are not historical facts,
including statements about Yalla Group Limited's beliefs, plans and
expectations, are forward-looking statements. Forward-looking
statements involve inherent risks and uncertainties. Further
information regarding these and other risks is included in Yalla
Group Limited's filings with the SEC. All information provided in
this press release is as of the date of this press release, and
Yalla Group Limited does not undertake any obligation to update any
forward-looking statement, except as required under applicable
law.
For investor and media inquiries, please contact:
Yalla Group Limited
Investor Relations
Yuwei Gao - IR Director
Tel: +86-571-8980-7962
Email: ir@yallatech.ae
The Piacente Group, Inc.
Yang Song
Tel: +86-10-6508-0677
Email: yalla@tpg-ir.com
In the United States:
The Piacente Group, Inc.
Brandi Piacente
Tel: +1-212-481-2050
Email: yalla@tpg-ir.com
YALLA GROUP
LIMITED
UNAUDITED
CONDENSED CONSOLIDATED BALANCE SHEETS
|
|
|
|
|
As
of
|
|
|
December 31,
2020
|
|
March 31,
2021
|
|
|
US$
|
|
US$
|
ASSETS
|
|
|
|
|
Current
assets
|
|
|
|
|
Cash and cash
equivalents
|
|
236,883,282
|
|
261,708,530
|
Short-term
investments
|
|
766,295
|
|
-
|
Prepayments and other
current assets
|
|
15,725,424
|
|
29,707,422
|
Total current
assets
|
|
253,375,001
|
|
291,415,952
|
Non-current assets
|
|
|
|
|
Property and
equipment, net
|
|
1,241,756
|
|
1,416,172
|
Other
assets
|
|
-
|
|
200,000
|
Total
assets
|
|
254,616,757
|
|
293,032,124
|
LIABILITIES
|
|
|
|
|
Current
liabilities
|
|
|
|
|
Accounts
payable
|
|
1,573,784
|
|
1,996,739
|
Deferred
revenue
|
|
13,359,827
|
|
17,399,153
|
Accrued expenses and
other current liabilities
|
|
6,148,486
|
|
6,541,119
|
Total current
liabilities
|
|
21,082,097
|
|
25,937,011
|
Total
liabilities
|
|
21,082,097
|
|
25,937,011
|
SHAREHOLDERS'
EQUITY
|
|
|
|
|
Class A Ordinary
Shares
|
|
11,920
|
|
11,920
|
Class B Ordinary
Shares
|
|
2,473
|
|
2,473
|
Additional paid-in
capital
|
|
220,623,005
|
|
234,398,318
|
Accumulated other
comprehensive income
|
|
373,989
|
|
329,365
|
Retained
earnings
|
|
12,523,273
|
|
32,353,037
|
Total
shareholders' equity
|
|
233,534,660
|
|
267,095,113
|
Total liabilities
and shareholders' equity
|
|
254,616,757
|
|
293,032,124
|
YALLA GROUP
LIMITED
UNAUDITED
CONDENSED CONSOLIDATED STATEMENTS OF
OPERATIONS
|
|
|
|
|
|
|
|
Three Months
Ended
|
|
|
|
March
31,
2020
|
|
December
31,
2020
|
|
March
31,
2021
|
|
|
|
US$
|
|
US$
|
|
US$
|
|
Revenues
|
|
21,074,524
|
|
48,343,470
|
|
67,649,094
|
|
Costs and
expenses
|
|
|
|
|
|
|
|
Cost of
revenues
|
|
(6,811,662)
|
|
(18,429,067)
|
|
(24,000,472)
|
|
Selling and marketing
expenses
|
|
(2,823,662)
|
|
(7,621,296)
|
|
(8,359,404)
|
|
General and
administrative expenses
|
|
(1,341,475)
|
|
(11,349,102)
|
|
(11,713,739)
|
|
Technology and
product development expenses
|
|
(851,056)
|
|
(1,634,465)
|
|
(3,342,559)
|
|
Total costs and
expenses
|
|
(11,827,855)
|
|
(39,033,930)
|
|
(47,416,174)
|
|
Operating
income
|
|
9,246,669
|
|
9,309,540
|
|
20,232,920
|
|
Interest
income
|
|
89,977
|
|
13,343
|
|
8,845
|
|
Government
grant
|
|
85,325
|
|
5,627
|
|
13,809
|
|
Investment
income
|
|
3,440
|
|
1,947
|
|
2,162
|
|
Income before
income taxes
|
|
9,425,411
|
|
9,330,457
|
|
20,257,736
|
|
Income tax
expense
|
|
(185,813)
|
|
(331,427)
|
|
(427,972)
|
|
Net
income
|
|
9,239,598
|
|
8,999,030
|
|
19,829,764
|
|
Accretion of
redeemable convertible
preferred shares
|
|
(511,856)
|
|
-
|
|
-
|
|
Net income
attributable to ordinary
shareholders
|
|
8,727,742
|
|
8,999,030
|
|
19,829,764
|
|
YALLA GROUP
LIMITED UNAUDITED
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(CONTINUED)
|
|
|
|
|
|
|
|
Three Months
Ended
|
|
|
|
March
31,
2020
|
|
December
31,
2020
|
|
March
31,
2021
|
|
|
|
US$
|
|
US$
|
|
US$
|
|
Net income
per ordinary share
|
|
|
|
|
|
|
|
——Basic
|
|
0.07
|
|
0.06
|
|
0.13
|
|
——Diluted
|
|
0.07
|
|
0.06
|
|
0.11
|
|
|
|
|
|
|
|
|
|
Weighted average
number of ordinary shares
and ordinary shares equivalents outstanding
used in computing earnings per ordinary
share
|
|
|
|
|
|
|
|
——Basic
|
|
73,393,941
|
|
144,267,234
|
|
147,319,197
|
|
——Diluted
|
|
73,393,941
|
|
157,062,018
|
|
180,045,126
|
|
|
|
|
|
|
|
|
|
Share-based compensation was allocated in cost of revenues,
selling and marketing expenses, general and administrative expenses
and technology and product
development expenses as follows:
|
|
Three Months
Ended
|
|
|
|
March
31,
2020
|
|
December
31,
2020
|
|
March
31,
2021
|
|
|
|
US$
|
|
US$
|
|
US$
|
|
|
|
|
|
|
|
|
|
Cost of
revenues
|
|
-
|
|
2,196,453
|
|
1,709,574
|
|
Selling and marketing
expenses
|
|
-
|
|
3,187,921
|
|
3,228,042
|
|
General and
administrative expenses
|
|
-
|
|
8,750,756
|
|
8,703,866
|
|
Technology and
product development expenses
|
|
-
|
|
211,881
|
|
133,831
|
|
|
|
|
|
|
|
|
|
YALLA GROUP
LIMITED RECONCILIATIONS
OF GAAP AND NON-GAAP RESULTS
|
|
|
|
|
|
|
|
|
|
Three Months
Ended
|
|
|
|
March
31,
2020
|
|
December
31,
2020
|
|
March
31,
2021
|
|
|
|
US$
|
|
US$
|
|
US$
|
|
|
|
|
|
|
|
|
|
Operating
income
|
|
9,246,669
|
|
9,309,540
|
|
20,232,920
|
|
Share-based
compensation expenses
|
|
-
|
|
14,347,011
|
|
13,775,313
|
|
Non-GAAP operating
income
|
|
9,246,669
|
|
23,656,551
|
|
34,008,233
|
|
|
|
|
|
|
|
|
|
Net income
|
|
9,239,598
|
|
8,999,030
|
|
19,829,764
|
|
Share-based
compensation expenses
|
|
-
|
|
14,347,011
|
|
13,775,313
|
|
Non-GAAP
net income
|
|
9,239,598
|
|
23,346,041
|
|
33,605,077
|
|
|
|
|
|
|
|
|
|
Net income
attributable to ordinary shareholders
|
|
8,727,742
|
|
8,999,030
|
|
19,829,764
|
|
Share-based
compensation expenses
|
|
-
|
|
14,347,011
|
|
13,775,313
|
|
Non-GAAP
net income attributable to
ordinary shareholders
|
|
8,727,742
|
|
23,346,041
|
|
33,605,077
|
|
|
|
|
|
|
|
|
|
Non-GAAP net
income per ordinary share
|
|
|
|
|
|
|
|
——Basic
|
|
0.07
|
|
0.16
|
|
0.23
|
|
——Diluted
|
|
0.07
|
|
0.15
|
|
0.19
|
|
|
|
|
|
|
|
|
|
Weighted average
number of ordinary shares
and ordinary shares equivalents outstanding
used in computing earnings per ordinary
share
|
|
|
|
|
|
|
|
——Basic
|
|
73,393,941
|
|
144,267,234
|
|
147,319,197
|
|
——Diluted
|
|
73,393,941
|
|
157,062,018
|
|
180,045,126
|
|
View original
content:http://www.prnewswire.com/news-releases/yalla-group-limited-announces-unaudited-first-quarter-2021-financial-results-301287615.html
SOURCE Yalla Group Limited