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 capped off 2024 with record financial results, reinforcing its leading position in the region’s booming digital sector.
The company reported full-year revenue of AED 1.2 billion ($339.7 million), a significant increase of 6.5% from AED 1.1 billion in 2023. This follows a solid fourth-quarter performce with revenue climbing 12.2% year-over-year to AED 333.5 million ($90.8 million),reflecting continued growth in user engagement and monetization efforts.
Net income for the quarter rose 9.7% to AED 119.4 million ($32.5 million), while the company maintained a robust net margin of 35.8% and a non-GAAP net margin of 39.3%.
Yalla’s user base also expanded sharply. Monthly active users (MAUs) surged 14.4% year-over-year to 41.4 million,while paying users increased 3.2% to 12.3 million. The figures showcase the company’s ability to attract and retain users in an increasingly competitive digital entertainment landscape.
Outstanding performance
Commenting on the results, Yang Tao, Founder, Chairman and CEO of Yalla, said: "We concluded 2024 with another record-breaking quarter, achieving US$90.8 million in revenue and surpassing our guidance for the second consecutive quarter. This outstanding performance is a testament to our commitment to enhancing user experiences and optimizing operational efficiency, leading to a 26.0% year-over-year increase in operating profitability. As we mark our 10th anniversary in 2025, we are more determined than ever to solidify our leadership in the MENA region by continuously enhancing our ecosystem and delivering cutting-edge digital experiences."
"AI is revolutionizing the digital landscape, and at Yalla, we are making the most of its potential to create more personalized, immersive experiences for our users. Our deep understanding of MENA’s culture and preferences enables us to refine AI-driven features, optimize user interactions, and drive sustainable growth across our platform." Tao added.
"The MENA region is experiencing unprecedented digital transformation, and Yalla is well-positioned to capitalize on these opportunities. With strong government support for technological advancements and a thriving gaming industry, we will continue expanding our portfolio, investing in innovation, and delivering unparalleled value to our users and stakeholders," Tao stated.
Maintaining leadership
Meanwhile, Saifi Ismail, President of Yalla Group, commended the company’s record performance over the past year, emphasizing its strong financial and operational growth. He stated, "Looking at our fourth-quarter performance, we are pleased with the continued momentum of our flagship products, which have significantly contributed to our overall growth.
Ismail added: “With our MAU increasing by 14.4% and paying users by 3.2%, we have not only maintained profitability but also strengthened our position in the market. Our ongoing commitment to innovation and user engagement through high-frequency events and product upgrades has allowed us to keep our products relevant and profitable in a rapidly evolving digital landscape."
"Looking ahead, we are committed to maintaining our leadership in MENA’s digital transformation, driven by our commitment to innovation and operational excellence.
As the digital economy in the region continues to grow, we are well-positioned to make the most of our deep understanding of local user needs and preferences to introduce new products that deliver unmatched value.
Our investments in AI and product development will continue to enhance the user experience, solidifying our position as MENA’s largest online social networking and gaming company," the President of Yalla Group said.
