Yalla Group Limited announced its financial results for 2024, reporting revenues of AED 1.2 billion (approximately $339.7 million), a 6.5% increase compared to AED 1.1 billion in 2023.
The fourth quarter of the year saw strong revenue growth of 12.2%, reaching AED 333.5 million (approximately 90.8 million), compared to the same period last year.
Net profit also rose to AED 119.4 million (approximately 32.5 million), marking a 9.7% increase.
The group achieved a net profit margin of 35.8% in the last quarter of the fiscal year, reflecting its ability to generate strong revenues while maintaining high efficiency in cost management.
Tao Yang, Founder, CEO, and Chairman of Yalla Group, stated: “This financial performance reflects our commitment to enhancing user experience and improving operational efficiency, which contributed to a 26% year-on-year increase in the group’s operating profitability.”
He added: “Artificial intelligence plays a pivotal role in reshaping the digital landscape, and we are leveraging its potential to create more interactive experiences for our users.”
Saifi Ismail, President of the Group, emphasized that the results achieved in the fourth quarter reflect the success of the group’s strategy in balancing profitability and sustainable growth.
,
