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what it is
Yalla runs Arabic-first social chat and mobile game apps, then sells digital items inside those apps.
how it gets paid
Last year Yalla made $340M in revenue. Yalla voice chat was the main engine at $150M, or 44% of sales.
what just happened
The latest reported quarter put revenue at $83.9M, while full-year 2025 net income still climbed faster than sales.
At a glance
n/a balance sheet
40/100 earnings predictability — expect surprises
9.4x trailing p/e — the market's not buying it — or you found a deal
19.3% return on capital — nothing to write home about
$0.74 fy2024 eps est
xvary composite: 75/100 — average
What they do
Yalla runs Arabic-first social chat and mobile game apps, then sells digital items inside those apps.
Yalla wins by feeling local in a market global apps often treat like a translation project. Its apps were built for Arabic users first, and the company says it was the largest MENA-based online social networking and gaming company by revenue in 2022. Network effects → users attract more users → so if your friends already hang out there, leaving feels like eating dinner alone.
How they make money
$340M
annual revenue
Yalla voice chat
$150M
0.0%
YallaChat and other social
$66M
+9.1%
Yalla Ludo
$90M
0.0%
Mid-core and hard-core games
$34M
0.0%
The products that matter
voice-based social networking
Yalla
$217.9M · 64% of revenue
it's still the core business at $217.9M, but revenue fell 5.5% last year. If this keeps sliding, the rest of the story has to work much harder.
core segment
casual gaming platform
Yalla Ludo
$124.0M · 36% of revenue
this segment brought in $124.0M and grew 9.1% last year. It's smaller, but it's doing the heavy lifting on growth.
growth lever
Key numbers
9.4x
trailing p/e
P/E → price-to-earnings → so you are paying $9.40 for each $1 of profit, which is cheap for a company with a 36.1% operating margin.
36.1%
operating margin
Operating margin → profit after running the business → so more than one-third of sales stayed after core costs.
19.3%
return on capital
Return on capital → profit earned on money invested → so the business still turns investment into earnings at a healthy rate.
$0.74
2024 eps
EPS → profit per share → so earnings rose from $0.65 in 2023 to $0.74 in 2024, which kept moving even while revenue sat around $340M.
Financial health
n/a
strength
- balance sheet grade n/a
- risk rank 2 — safer than 80% of stocks
- price stability 10 / 100
n/a — functional but not a standout on the balance sheet.
Total return vs. market
Return history isn't available for YALA right now.
source: institutional data · return history unavailable
What just happened
beat estimates
The latest reported quarter put revenue at $83.9M, while full-year 2025 net income still climbed faster than sales.
The quiet part out loud: this is a margin story. Full-year 2025 revenue rose just 0.7% to $341.9M, but net income increased 10.4% to $148.1M, showing cost control did the heavy lifting.
$83.9M
revenue
$0.23
eps
43.3%
net margin
the number that mattered
Net margin hit 43.3% in 2025, which means Yalla kept about $0.43 from every $1 of revenue. That is the whole argument.
source: company earnings report, 2026
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What could go wrong
the top risk is continued decline in the core Yalla social networking business.
high
core social revenue keeps sliding
Social networking revenue fell 5.5% to $217.9M in 2025. That segment is still 64% of total revenue, so weakness there hits the whole model.
If the biggest segment keeps shrinking, the 43.3% net margin stops feeling safe.
med
growth is concentrated in the smaller segment
Games services grew 9.1% to $124.0M, but it is still only 36% of revenue. It can help offset social declines, but it cannot fully replace the core business yet.
You need mix shift and absolute growth, not just a nicer revenue composition.
med
regional concentration
Yalla operates mostly in the middle east and north africa. When your business is regionally concentrated, regulation, ad demand, consumer spending, or platform policy changes can travel straight through the income statement.
This is a concentrated geography bet, not a globally diversified platform.
low
buybacks mask a thin growth profile
The $150M repurchase authorization over 24 months matters, and the company already bought back $56.6M last year. But buybacks are support, not a substitute for a reaccelerating top line.
Financial engineering can help EPS. It does not fix a fading core product.
The risk picture is simple: 64% of revenue comes from a segment that declined 5.5%, while total company revenue rose only 0.7%.
source: institutional data · regulatory filings · risk analysis
Pay attention to
metric
social revenue trend
This is the big one. Social networking produced $217.9M in 2025 revenue and fell 5.5%. If that decline continues, gaming has to run much faster just to keep total revenue flat.
calendar
$150M buyback timeline
The repurchase program began on march 9, 2026 and runs for 24 months. Execution pace matters because the authorization is meaningful against a roughly $1B market cap.
trend
maus versus monetization
Q4 average MAUs reached 44.8M, up 8.2% from a year ago. Users rose faster than company revenue, which means spending per user is the next thing to watch.
risk
street upside versus business quality
Analyst targets range from $8.50 to $10.30, with a median of $10.00, against a $7.15 stock price. That upside only matters if the market starts trusting the revenue base again.
Analyst rankings
earnings predictability
40 / 100
earnings can move around. in human-speak, analysts do not see this as a smooth, easy-to-model story.
risk rank
2
A lower risk rank suggests the balance sheet and business profile look safer than many peers, even if the stock itself is volatile.
source: institutional data
Institutional activity
institutional ownership data for YALA is being compiled.
source: institutional data
Price targets
3-5 year target range
n/a
n/a
$7
current price
n/a
target midpoint · n/a from current
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