Yalla Group Limited has announced its full-year revenue for 2024, reaching AED1.2 billion ($339.7 million), marking a 6.5 percent increase from AED1.1 billion in 2023.
The company’s growth trajectory was reinforced by a robust fourth-quarter performance, with revenue surging 12.2 percent year-over-year to AED333.5 million ($90.8 million).
Net income for the quarter climbed 9.7 percent to AED119.4 million ($32.5 million), underscoring Yalla’s strong financial position. The company maintained a solid net margin of 35.8 percent, with a non-GAAP net margin of 39.3 percent, reflecting its continued efficiency in monetisation.
Yang Tao, Founder, Chairman, and CEO of Yalla, attributed this success to the company’s dedication to enhancing user experiences and streamlining operations.
“This outstanding performance is a testament to our commitment to enhancing user experiences and optimising operational efficiency, leading to a 26.0 percent year-over-year increase in operating profitability,”
he stated.
Yang also highlighted the role of artificial intelligence in shaping the company’s future, as Yalla continues to integrate AI-driven solutions to create more interactive digital experiences. With a steady growth momentum and strategic focus on innovation, the company is poised for sustained expansion in the evolving digital landscape.
News Source: Emirates News Agency
