HUYA stock falls more than 11 percent after Q4 2025 earnings jump

Published on 09/20/2026 at 18:01 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

HUYA stock dropped over 11 percent after the company’s Q4 2025 earnings release before the U.S. market open, despite double-digit revenue growth. Q4 2025 total net revenues rose about 16 percent year over year to roughly CNY 1.74 billion, with full-year 2025 revenues up around 7 percent to CNY 6.5 billion.

HUYA, US44840F1084, Illustration mit AI erstellt.

HUYA Inc. stock (ISIN US44840F1084) fell by more than 11 percent as of September 20, 2026, after the live-streaming platform reported its Q4 2025 results with double-digit revenue growth but a reaction that signaled investor caution toward the rebound story.

Q4 2025 revenue growth meets a skeptical market

According to Tickeron on September 19, 2026, HUYA shares fell over 11 percent on the trading day following the company’s Q4 2025 earnings release before the U.S. market open, dropping from the mid-USD 3 range toward the low-USD 3s.

As Tickeron reports, HUYA’s Q4 2025 total net revenues rose about 16 percent year over year to roughly CNY 1.74 billion, highlighting a clear return to top-line growth compared with the prior-year quarter.

The same overview notes that full-year 2025 revenues increased around 7 percent to approximately CNY 6.5 billion, illustrating that the Q4 acceleration outpaced the annual growth rate and marked a stronger finish to the year than the difficult 2024 period referenced in the report.

Rebound after a tough 2024 faces valuation headwinds

According to Tickeron, the market had already priced in a rebound after a difficult 2024 for HUYA, so the double-digit revenue growth in Q4 2025 did not translate into share price gains and instead coincided with a sharp single-day decline.

This combination of roughly 16 percent year-over-year growth in Q4 2025 revenue to CNY 1.74 billion alongside a more than 11 percent share price drop suggests that investors are now focusing less on short-term revenue stabilization and more on the sustainability of profitability, competitive positioning, and regulatory risks in the Chinese game-streaming landscape.

For retail investors, the quantified contrast between revenue and price reaction is striking: full-year 2025 revenue improved about 7 percent to CNY 6.5 billion, yet the stock still moved from the mid-USD 3s to the low-USD 3s on the earnings day, indicating limited confidence that the current growth pace alone can re-rate the shares meaningfully.

Stock trades in low single digits on the NYSE

On the New York Stock Exchange, HUYA stock most recently traded in the low-USD 3 range as of the last completed session before September 20, 2026, following the more than 11 percent decline described by Tickeron, with the move taking the shares closer to the lower end of their recent trading range.

This price level in the low-USD 3s, compared with the mid-USD 3 zone before the Q4 2025 release, underscores how quickly sentiment can shift when growth and recovery narratives do not convincingly address medium-term earnings power and competitive threats.