HUYA reported its third quarter 2023 results, with a revenue of CN¥1.65b, marking a 31% decrease from the same period in 2022. The net income for the quarter was CN¥12.1m, down 80% from the previous year. The profit margin also declined from 2.5% in 3Q 2022 to 0.7%. Additionally, the earnings per share (EPS) dropped from CN¥0.25 to CN¥0.05.

Despite the decline in financial results, HUYA's revenue exceeded analyst estimates by 6.7%. The company also surpassed analyst estimates for earnings per share (EPS). Looking ahead, HUYA is forecasted to achieve an average annual revenue growth of 2.5% over the next three years. This is in comparison to the expected 8.4% growth forecast for the Entertainment industry in the US. Furthermore, HUYA's shares have increased by 21% in just one week.

While earnings are important, it is also crucial to consider the balance sheet. To assess the risks and opportunities for HUYA, a comprehensive analysis of the balance sheet is necessary.

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