Yalla Group Ltd QTRLY Earnings Per Share $0.11 From Continued Operations

Yalla Group Limited ("Yalla" or the "Company") (NYSE: YALA), the leading voice-centric social networking and entertainment platform in theMiddle East andNorth Africa (MENA), today announced its unaudited financial results for the first quarter endedMarch 31, 2021.

First Quarter EndedMarch 31, 2021 Financial and Operating Highlights

• Revenues wereUS$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 wereUS$54.8 million.
• - Revenues generated from games services in the first quarter of 2021 wereUS$12.8 million.
• Net incomewasUS$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] wasUS$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.

Yalla shares surges more than 6% in after hour trading.