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Side-by-side financial comparison of HUYA Inc. (HUYA) and WYNDHAM HOTELS & RESORTS, INC. (WH). Click either name above to swap in a different company.

WYNDHAM HOTELS & RESORTS, INC. is the larger business by last-quarter revenue ($334.0M vs $237.1M, roughly 1.4× HUYA Inc.). HUYA Inc. runs the higher net margin — 0.6% vs -18.0%, a 18.5% gap on every dollar of revenue. Over the past eight quarters, HUYA Inc.'s revenue compounded faster (2.5% CAGR vs -4.6%).

HUYA Inc. is a leading interactive live streaming platform based in China, focused primarily on video game live broadcasting. It also offers esports events, variety entertainment, lifestyle and educational live streams, mainly serving young digital entertainment consumers in the domestic Chinese market.

Wyndham Hotels & Resorts, Inc., is an American hospitality company based in Parsippany, New Jersey, United States. It describes itself as the largest hotel franchisor in the world, with 9,100 locations.

HUYA vs WH — Head-to-Head

Bigger by revenue
WH
WH
1.4× larger
WH
$334.0M
$237.1M
HUYA
Higher net margin
HUYA
HUYA
18.5% more per $
HUYA
0.6%
-18.0%
WH
Faster 2-yr revenue CAGR
HUYA
HUYA
Annualised
HUYA
2.5%
-4.6%
WH

Income Statement — Q3 FY2025 vs Q1 FY2026

Metric
HUYA
HUYA
WH
WH
Revenue
$237.1M
$334.0M
Net Profit
$1.3M
$-60.0M
Gross Margin
13.4%
Operating Margin
-0.8%
Net Margin
0.6%
-18.0%
Revenue YoY
-76.3%
Net Profit YoY
-170.6%
EPS (diluted)
$-0.80

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
HUYA
HUYA
WH
WH
Q1 26
$334.0M
Q4 25
$334.0M
Q3 25
$237.1M
$382.0M
Q2 25
$218.8M
$397.0M
Q1 25
$207.9M
$316.0M
Q4 24
$336.0M
Q3 24
$219.1M
$396.0M
Q2 24
$212.1M
$367.0M
Net Profit
HUYA
HUYA
WH
WH
Q1 26
$-60.0M
Q4 25
$-60.0M
Q3 25
$1.3M
$105.0M
Q2 25
$-766.0K
$87.0M
Q1 25
$128.0K
$61.0M
Q4 24
$85.0M
Q3 24
$3.4M
$102.0M
Q2 24
$4.1M
$86.0M
Gross Margin
HUYA
HUYA
WH
WH
Q1 26
Q4 25
Q3 25
13.4%
Q2 25
13.5%
Q1 25
12.5%
Q4 24
Q3 24
13.2%
Q2 24
13.9%
Operating Margin
HUYA
HUYA
WH
WH
Q1 26
Q4 25
-11.4%
Q3 25
-0.8%
46.6%
Q2 25
-1.5%
37.8%
Q1 25
-4.0%
35.4%
Q4 24
38.4%
Q3 24
-2.1%
43.2%
Q2 24
-1.7%
39.5%
Net Margin
HUYA
HUYA
WH
WH
Q1 26
-18.0%
Q4 25
-18.0%
Q3 25
0.6%
27.5%
Q2 25
-0.4%
21.9%
Q1 25
0.1%
19.3%
Q4 24
25.3%
Q3 24
1.5%
25.8%
Q2 24
1.9%
23.4%
EPS (diluted)
HUYA
HUYA
WH
WH
Q1 26
$-0.80
Q4 25
$-0.77
Q3 25
$1.36
Q2 25
$1.13
Q1 25
$0.78
Q4 24
$1.06
Q3 24
$1.29
Q2 24
$1.07

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
HUYA
HUYA
WH
WH
Cash + ST InvestmentsLiquidity on hand
$102.0M
$64.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$709.9M
$468.0M
Total Assets
$960.3M
$4.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HUYA
HUYA
WH
WH
Q1 26
$64.0M
Q4 25
$64.0M
Q3 25
$102.0M
$70.0M
Q2 25
$69.7M
$50.0M
Q1 25
$40.9M
$48.0M
Q4 24
$103.0M
Q3 24
$156.1M
$72.0M
Q2 24
$138.4M
$70.0M
Total Debt
HUYA
HUYA
WH
WH
Q1 26
Q4 25
$2.5B
Q3 25
$2.6B
Q2 25
$2.5B
Q1 25
$2.5B
Q4 24
$2.4B
Q3 24
$2.4B
Q2 24
$2.4B
Stockholders' Equity
HUYA
HUYA
WH
WH
Q1 26
$468.0M
Q4 25
$468.0M
Q3 25
$709.9M
$583.0M
Q2 25
$704.3M
$570.0M
Q1 25
$711.2M
$579.0M
Q4 24
$650.0M
Q3 24
$1.1B
$583.0M
Q2 24
$1.3B
$623.0M
Total Assets
HUYA
HUYA
WH
WH
Q1 26
$4.2B
Q4 25
$4.2B
Q3 25
$960.3M
$4.3B
Q2 25
$928.0M
$4.3B
Q1 25
$1.3B
$4.2B
Q4 24
$4.2B
Q3 24
$1.6B
$4.2B
Q2 24
$1.6B
$4.2B
Debt / Equity
HUYA
HUYA
WH
WH
Q1 26
Q4 25
5.37×
Q3 25
4.43×
Q2 25
4.44×
Q1 25
4.29×
Q4 24
3.72×
Q3 24
4.19×
Q2 24
3.83×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
HUYA
HUYA
WH
WH
Operating Cash FlowLast quarter
$367.0M
Free Cash FlowOCF − Capex
$168.0M
FCF MarginFCF / Revenue
50.3%
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$437.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HUYA
HUYA
WH
WH
Q1 26
$367.0M
Q4 25
$152.0M
Q3 25
$86.0M
Q2 25
$70.0M
Q1 25
$59.0M
Q4 24
$134.0M
Q3 24
$79.0M
Q2 24
$1.0M
Free Cash Flow
HUYA
HUYA
WH
WH
Q1 26
$168.0M
Q4 25
$136.0M
Q3 25
$75.0M
Q2 25
$58.0M
Q1 25
$52.0M
Q4 24
$109.0M
Q3 24
$71.0M
Q2 24
$-6.0M
FCF Margin
HUYA
HUYA
WH
WH
Q1 26
50.3%
Q4 25
40.7%
Q3 25
19.6%
Q2 25
14.6%
Q1 25
16.5%
Q4 24
32.4%
Q3 24
17.9%
Q2 24
-1.6%
Capex Intensity
HUYA
HUYA
WH
WH
Q1 26
Q4 25
4.8%
Q3 25
2.9%
Q2 25
3.0%
Q1 25
2.2%
Q4 24
7.4%
Q3 24
2.0%
Q2 24
1.9%
Cash Conversion
HUYA
HUYA
WH
WH
Q1 26
Q4 25
Q3 25
0.82×
Q2 25
0.80×
Q1 25
0.97×
Q4 24
1.58×
Q3 24
0.77×
Q2 24
0.01×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

HUYA
HUYA

Live streaming$162.5M69%
Game-related services, advertising and others$74.7M31%

WH
WH

Fee-related and other revenues$334.0M100%
Management and other fees$2.0M1%

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