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Company News, Business

Tesla Q2 sales down 13.5%

Shares rally after the disclosure, better than some forecasts.

TomTom cuts 300 jobs

The firm said it was realigning its organization as it embraces AI.

Aldar nets $953m in sales at Fahid

Aldar said 42 percent of the buyers are under the age of 45.

Qualcomm to Alphawave for $2.4 bn

The deal makes Alphawave the latest tech company to depart London.

Equinor signs $27 bn gas deal

The 10-year contract was signed with Centrica.

Yalla Group Q1 revenue $83m

Net income for the quarter rose 9.7 percent to AED119.4 million ($32.5 million).
By TRENDS Desk
May 20, 2025 10:22 pm

    Dubai, UAE — Yalla Group Limited, the largest Middle East and North Africa (MENA)-based online social networking and gaming company, has reported quarterly revenue of AED308.2 million (US$83.9 million), a 6.5 percent increase compared to the same period last year.

    Net income for the quarter rose to AED133.7 million (US$36.4 million), marking a 17 percent year-over-year increase.

    On a non-GAAP basis, net income reached AED143.6 million (US$39.1 million), up 10.9 percent from the same quarter in 2024, with a non-GAAP net margin of 46.6 percent.

    Average Monthly Active Users (MAUs) grew to 44.6 million, a 17.9 percent increase from 37.8 million in the corresponding period last year, underscoring the continued expansion and engagement of Yalla’s user base across the region.

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