Yalla Group reports record revenues of AED 265.7 million in Q1 2022

Yalla Group reports record revenues of AED 265.7 million in Q1 2022

WAM: Yalla Group Limited, the UAE-based leading voice-centric social networking and entertainment platform in the Middle East and North Africa (MENA), announced its financial results for the first quarter of the fiscal year 2022, recording AED 265.7 million in revenues.

According to Yalla Group’s latest financial results, the GAAP and non-GAAP net margins during the first quarter ending on 31st March increased by 24.5 percent and 35.9 percent, respectively.

The lion’s share of the total quarterly revenues was generated from chatting services, recording AED 190.5 million, while revenues posted by games services were estimated at AED 74.6 million of the total revenues.