Yalla reported 2024 revenue of 1.2 billion dirhams ($339.7 million), a 6.5% increase from 2023, surpassing the one billion dirham mark. This was accompanied by record Q4 2024 revenue of 333.5 million dirhams ($90.8 million), a 12.2% year-over-year rise, demonstrating the Group's strong financial performance and continued business momentum.
Building on its strong financial performance, Yalla reported
net profits of 119.4 million dirhams ($32.5 million) in 2024, a 9.7%
year-over-year increase. Q4 2024 saw monthly active users rise by 14.4% to 41.4
million, and paid service subscribers increased by 3.2% to 12.3 million. Yalla
achieved a net profit margin of 35.8% and a non-GAAP net profit margin of 39.3%
in Q4, demonstrating efficient expense management alongside revenue growth.
An exceptional achievement
Yalla Group's Founder, CEO, and Chairman, Mr. Yang Tao,
expressed his satisfaction with the record financial results, stating, 'We
concluded 2024 with exceptional performance, achieving $90.8 million in Q4
revenue, exceeding expectations for the second consecutive quarter. This
success reflects our commitment to enhancing user experience and operational
efficiency, resulting in a 26.0% year-over-year increase in operating
profitability. As we approach our tenth anniversary in 2025, we remain
dedicated to innovation, strengthening our regional leadership, and building an
advanced digital ecosystem.
Tao further emphasized the role of artificial intelligence,
saying, 'AI is reshaping the digital landscape, and we are leveraging its
potential to create more interactive user experiences. Our deep understanding
of the MENA region's culture and customer aspirations allows us to enhance
AI-powered features and drive sustainable growth.'
He concluded, 'The MENA region's unprecedented digital
transformation offers significant growth and innovation opportunities. With
increasing government support and a thriving gaming industry, Yalla will
continue to invest, expand its portfolio, and innovate digital experiences that
inspire users and add value to our partners, contributing to the region's
evolving digital age.'
The largest and most powerful digital platform
Group President Safi Ismail commended the company's record
performance, highlighting the strong momentum of its core platforms. 'We are
pleased with our Q4 results, which saw a 14.4% increase in monthly active users
and a 3.2% growth in paid service subscribers. This reflects the success of our
strategy in balancing profitability and sustainable growth,' he stated.
Mr. Ismail continued, 'Our success stems from our continuous
innovation and focus on enhancing the user experience. Our participation in
major global events and consistent platform updates have strengthened our
market leadership. With the region's accelerating digital economy, we leverage
our deep understanding of local user needs to develop leading products that
deliver exceptional value and elevate the digital entertainment experience.'
He concluded, 'Innovation is central to our vision. Through ongoing investment in AI and product development, we aim to create immersive digital experiences that redefine user interaction. We will continue to solidify Yalla's position as the leading digital platform in the MENA region.’