The international company for online entertainment and technology "Yalla Group" announced an increase in revenue by 24% to 1.2 billion dirhams (approximately 339.7 million dollars) in the first quarter of 2021. The company has 17.8 million active users, which is 45% more compared to the previous year.
Additionally, revenue from online games increased by 35% to 1.05 billion dirhams, while revenue from online transactions grew to 150 million dirhams, which is 3.3 times more than the previous year. The company's gross profit reached 700 million dirhams, which is 30% higher than last year.
"We are very satisfied with our results in the first quarter of 2021 and are confident that our products and services will remain at the center of attention for our users, which will lead to further growth in revenue," said the General Director of "Yalla Group" Suna Shen.
