Gaming

- HUYA Inc. ("Huya" or the "Company") (NYSE: HUYA), a leading game live streaming platform in China today announced its unaudited financial results for the first quarter ended March 31, 2022 .

First Quarter 2022 Highlights

  • Total net revenues for the first quarter of 2022 were RMB2,464.6 million ( US$388.8 million ), compared with RMB2,604.8 million for the same period of 2021.
  • Net loss attributable to HUYA Inc. was RMB3.3 million ( US$0.5 million ) for the first quarter of 2022, compared with net income attributable to HUYA Inc. of RMB185.5 million for the same period of 2021.
  • Non-GAAP net income attributable to HUYA Inc. [1] was RMB46.6 million ( US$7.4 million ) for the first quarter of 2022, compared with RMB265.9 million for the same period of 2021.
  • Average mobile MAUs [2] of Huya Live in the first quarter of 2022 increased by 8.5% to 81.9 million from 75.5 million in the same period of 2021.
  • Total number of paying users [3] of Huya Live in the first quarter of 2022 was 5.9 million, compared with 5.9 million in the same period of 2021.

"Our operational results this quarter reflect the outcome of our continuous focus on content enrichment and user engagement as we grew our mobile MAUs by 8.5% year-over-year to reach 81.9 million amid a challenging macro environment," said Mr. Rongjie Dong , Chief Executive Officer of Huya. "As a leading game live streaming platform, we remain dedicated to providing rich content for our growing community and bringing more opportunities to our content creators. Additionally, in our relentless efforts to advance product innovation to enable a cross-platform, more immersive experience for our community, our users can now better integrate their live streaming experience on Huya's platform with their game plays. Moreover, we believe the most recent regulatory changes for live streaming will contribute to the industry's overall development in the long run, and we will continue to comply with all applicable laws and regulations. Leveraging our operational and technological expertise, we believe in our agility and ability to navigate the evolving and dynamic market conditions."

Ms. Ashley Xin Wu , Vice President of Finance of Huya, commented, "Given the continued macro headwinds and the recent resurgence of the COVID-19 pandemic in China , we achieved RMB2,464.6 million total net revenues and RMB333.6 million gross profit in the first quarter of 2022. As we continue to invest in content to drive sustainable business development, we are committed to further enhancing operational efficiency and refining resource allocation to support key areas of our business. We remain confident that by fostering quality content, driving product innovation, running efficient operations and enhancing our compliance capabilities, we will strengthen Huya's core competitiveness in the game live streaming industry."

[1] "Non-GAAP net income attributable to HUYA Inc." is defined as net (loss) income attributable to HUYA Inc. excluding share-based compensation expenses and gain on fair value change of investments, net of income taxes. For more information, please refer to "Use of Non-GAAP Financial Measures" and "Reconciliations of GAAP and Non-GAAP Results" at the end of this press release.

[2] Refers to average monthly active users on mobile apps. Average mobile MAUs for any period is calculated by dividing (i) the sum of active users on the mobile apps for each month during such relevant period, by (ii) the number of months during such relevant period.

[3] Refers to the sum of user accounts that purchased various products and services on our platform at least once during such relevant period.

First Quarter 2022 Financial Results

Total net revenues for the first quarter of 2022 were RMB2,464.6 million ( US$388.8 million ), compared with RMB2,604.8 million for the same period of 2021.

Live streaming revenues were RMB2,151.7 million ( US$339.4 million ) for the first quarter of 2022, compared with RMB2,392.3 million for the same period of 2021, primarily due to decreased average spending per paying user on Huya Live, as the recent macro environment adversely affected the sentiment of the Company's paying users.

Advertising and other revenues increased by 47.2% to RMB312.8 million ( US$49.4 million ) for the first quarter of 2022 from RMB212.5 million for the same period of 2021, primarily driven by the increase in content sub-licensing revenues.

Cost of revenues increased by 1.9% to RMB2,131.0 million ( US$336.2 million ) for the first quarter of 2022 from RMB2,090.9 million for the same period of 2021, primarily due to the increase in revenue sharing fees and content costs.

Revenue sharing fees and content costs increased by 3.4% to RMB1,807.5 million ( US$285.1 million ) for the first quarter of 2022 from RMB1,748.6 million for the same period of 2021, primarily due to the increase in spending on e-sports content and the increase in revenue sharing fees in relation to certain broadcaster incentive programs.

Bandwidth costs decreased by 7.3% to RMB168.3 million ( US$26.6 million ) for the first quarter of 2022 from RMB181.5 million for the same period of 2021, primarily due to improved bandwidth cost management and continued technology enhancement efforts.

Gross profit was RMB333.6 million ( US$52.6 million ) for the first quarter of 2022, compared with RMB513.9 million for the same period of 2021, primarily due to lower revenues and increased cost of revenues primarily driven by higher revenue sharing fees and content costs. Gross margin was 13.5% for the first quarter of 2022, compared with 19.7% for the same period of 2021.

Research and development expenses decreased by 1.4% to RMB196.3 million ( US$31.0 million ) for the first quarter of 2022 from RMB199.1 million for the same period of 2021, primarily due to the decrease in share-based compensation expenses.

Sales and marketing expenses increased by 0.3% to RMB145.1 million ( US$22.9 million ) for the first quarter of 2022 from RMB144.6 million for the same period of 2021.

General and administrative expenses decreased by 3.9% to RMB80.8 million ( US$12.7 million ) for the first quarter of 2022 from RMB84.1 million for the same period of 2021, primarily due to the decrease in share-based compensation expenses.

Other income was RMB28.3 million ( US$4.5 million ) for the first quarter of 2022, compared with RMB76.0 million for the same period of 2021, primarily attributable to realized damages received in the first quarter of 2021 from a favorable outcome in a broadcaster-related lawsuit.

Operating loss was RMB60.2 million ( US$9.5 million ) for the first quarter of 2022, compared with  operating income of RMB162.1 million for the same period of 2021.

Interest and short-term investments income were RMB59.2 million ( US$9.3 million ) for the first quarter of 2022, compared with RMB65.1 million for the same period of 2021, primarily due to decreased interest rates.

Income tax expenses were RMB9.4 million ( US$1.5 million ) for the first quarter of 2022, compared with RMB39.4 million for the same period of 2021, primarily due to lower taxable income.

Net loss attributable to HUYA Inc. was RMB3.3 million ( US$0.5 million ) for the first quarter of 2022, compared with net income attributable to HUYA Inc. of RMB185.5 million for the same period of 2021.

Non-GAAP net income attributable to HUYA Inc. , which excludes share-based compensation expenses and gain on fair value change of investments, net of income taxes, was RMB46.6 million ( US$7.4 million ) for the first quarter of 2022, compared with RMB265.9 million for the same period of 2021.

Diluted net loss per American depositary share ("ADS") was RMB0.01 (US$0.002) for the first quarter of 2022, compared with diluted net income per ADS of RMB0.77 for the same period of 2021. Each ADS represents one Class A ordinary share of the Company.

Non-GAAP diluted net income per ADS was RMB0.19 (US$0.03) for the first quarter of 2022, compared with RMB1.10 for the same period of 2021.

As of March 31, 2022 , the Company had cash and cash equivalents, short-term deposits and short-term investments of RMB10,473.4 million ( US$1,652.1 million ), compared with RMB10,959.1 million as of December 31, 2021 , primarily due to the increase in investments and prepayments to content providers.

Recent Development

Regulatory Update

On May 7, 2022 , the PRC government issued the Opinion on Live Streaming Virtual Gifting and Enhancing the Protection of Minors (the "Opinion"). The Opinion stipulates that internet platforms shall, among other restrictions, (i) within one month of the publication of the Opinion terminate all billboard functions that rank users or broadcasters by the volume of virtual gifts that they send or receive, respectively, (ii) restrict certain interaction and engagement functions between 8:00 p.m. and 10:00 p.m. every day, and (iii) prohibit minors from purchasing virtual gifts.

The Company will continue to comply with all applicable laws and regulations in providing live streaming services, including the Opinion. The Company is carefully considering the provisions of the Opinion and assessing their implications for the Company's business. The Company expects the Opinion, and the compliance measures to be taken, will have a negative impact on the live streaming services of the market participants of the industry, including that of the Company, which in turn may adversely affect the Company's results of operations and prospect. The Company will proactively seek guidance from and cooperate with government authorities in connection with its efforts to comply with the Opinion and any related implementation rules. There is no assurance that the measures that the Company takes will be effective or the implementation of the Opinion would not have a material adverse impact on the Company's business operations and financial results in the coming quarters.

Conference Call

The Company's management will host an earnings conference call at 7:00 a.m. U.S. Eastern Time on May 17, 2022 ( 7:00 p.m. Beijing / Hong Kong time on May 17, 2022 ).

For participants who wish to join the call, please complete online registration using the link provided below 20 minutes prior to the scheduled call start time. Upon registration, participants will receive the conference call access information, including dial-in numbers, Direct Event passcode, a unique registrant ID and an e-mail with detailed instructions to join the conference call.

Participant Online Registration : http://apac.directeventreg.com/registration/event/3368875

Once registration is complete, please dial-in at least 10 minutes before the scheduled start time of the earnings call and enter the Direct Event passcode and registrant ID as instructed to connect to the call.

Additionally, a live and archived webcast of the conference call will be available on the Company's investor relations website at https://ir.huya.com .

A replay of the conference call will be accessible approximately two hours after the conclusion of the live call until May 24, 2022 , by dialing the following telephone numbers:

United States:

+1-646-254-3697

International:

+61-2-8199-0299

Hong Kong, China:

+852-3051-2780

Replay Access Code:

3368875

About HUYA Inc.

HUYA Inc. is a leading game live streaming platform in China with a large and active game live streaming community. The Company cooperates with e-sports event organizers, as well as major game developers and publishers, and has developed e-sports live streaming as one of the most popular content genres on its platform. The Company has created an engaged, interactive and immersive community for game enthusiasts of China's young generation. Building on its success in game live streaming, Huya has also extended its content to other entertainment content genres. Huya's open platform also functions as a marketplace for broadcasters and talent agencies to congregate and closely collaborate with the Company.

Use of Non-GAAP Financial Measures

The unaudited condensed consolidated financial information is prepared in conformity with accounting principles generally accepted in the United States of America ("U.S. GAAP"), except that the consolidated statement of changes in shareholders' equity, consolidated statements of cash flows, and the detailed notes have not been presented. Huya uses non-GAAP gross profit, non-GAAP operating income (loss), non-GAAP net income (loss) attributable to HUYA Inc., non-GAAP net income (loss) attributable to ordinary shareholders, non-GAAP basic and diluted net income (loss) per ordinary shares, and non-GAAP basic and diluted net income (loss) per ADS, which are non-GAAP financial measures. Non-GAAP gross profit is gross profit excluding share-based compensation expenses allocated in cost of revenues. Non-GAAP operating income (loss) is operating income (loss) excluding share-based compensation expenses. Non-GAAP net income (loss) attributable to HUYA Inc. is net income (loss) attributable to HUYA Inc. excluding share-based compensation expenses and gain on fair value change of investments, net of income taxes. Non-GAAP net income (loss) attributable to ordinary shareholders is net income (loss) attributable to ordinary shareholders excluding share-based compensation expenses and gain on fair value change of investments, net of income taxes. Non-GAAP basic and diluted net income (loss) per ADS is non-GAAP net income (loss) attributable to ordinary shareholders divided by weighted average number of ADS used in the calculation of non-GAAP basic and diluted net income (loss) per ADS. The Company believes that separate analysis and exclusion of the impact of (i) share-based compensation expenses, and (ii) gain on fair value change of investments, net of income taxes add clarity to the constituent parts of its performance. The Company reviews these non-GAAP financial measures together with GAAP financial measures to obtain a better understanding of its operating performance. It uses the non-GAAP financial measure for planning, forecasting and measuring results against the forecast. The Company believes that non-GAAP financial measure is useful supplemental information for investors and analysts to assess its operating performance without the effect of (i) share-based compensation expenses, which have been and will continue to be significant recurring expenses in its business, and (ii) gain on fair value change of investments, net of income taxes, which may recur when there is observable price change in the future. However, the use of non-GAAP financial measures has material limitations as an analytical tool. One of the limitations of using non-GAAP financial measures is that they do not include all items that impact the Company's net income for the period. In addition, because non-GAAP financial measures are not measured in the same manner by all companies, they may not be comparable to other similar titled measures used by other companies. In light of the foregoing limitations, you should not consider non-GAAP financial measure in isolation from or as an alternative to the financial measure prepared in accordance with U.S. GAAP.

The presentation of these non-GAAP financial measures is not intended to be considered in isolation from, or as a substitute for, the financial information prepared and presented in accordance with U.S. GAAP. For more information on these non-GAAP financial measures, please see the table captioned "HUYA Inc. Reconciliations of GAAP and Non-GAAP Results" at the end of this announcement.

Exchange Rate Information

This announcement contains translations of certain RMB amounts into U.S. dollars at a specified rate solely for the convenience of the reader. Unless otherwise noted, all translations from RMB to U.S. dollars are made at a rate of RMB6.3393 to US$1.00 , the noon buying rate in effect on March 31, 2022 , in the H.10 statistical release of the Federal Reserve Board. The Company makes no representation that the Renminbi or U.S. dollars amounts referred to in this announcement could have been or could be converted into U.S. dollars or Renminbi, as the case may be, at any particular rate or at all.

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Among other things, the quotations from management in this announcement, as well as Huya's strategic and operational plans, contain forward-looking statements. Huya may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission ("SEC"), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about Huya's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: Huya's goals and strategies; Huya's future business development, results of operations and financial condition; the expected growth of the game live streaming market; the expectation regarding the rate at which to gain active users, especially paying users; Huya's ability to monetize the user base; Huya's efforts in complying with applicable data privacy and security regulations; fluctuations in general economic and business conditions in China ; the impact of the COVID-19 to Huya's business operations and the economy in China and elsewhere generally; any regulatory developments in laws, regulations, rules, policies or guidelines applicable to Huya; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in Huya's filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and Huya does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

For investor and media inquiries, please contact:

In China :

HUYA Inc.
Investor Relations
Tel: +86-20-2290-7829
E-mail: ir@huya.com

The Piacente Group, Inc.
Jenny Cai
Tel: +86-10-6508-0677
E-mail: huya@tpg-ir.com

In the United States :

The Piacente Group, Inc.
Brandi Piacente
Tel: +1-212-481-2050
E-mail: huya@tpg-ir.com

HUYA INC.

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS

(All amounts in thousands, except share, ADS, per share data and per ADS data)




As of December 31,


As of March 31,



2021


2022


2022



RMB


RMB


US$








Assets







Current assets







Cash and cash equivalents


1,790,784


1,480,006


233,465

Restricted cash


55,670


90,954


14,348

Short-term deposits


8,351,945


8,269,231


1,304,439

Short-term investments


816,331


724,133


114,229

Accounts receivable, net


88,034


88,388


13,943

Amounts due from related parties, net


148,560


131,146


20,688

Prepayments and other current assets, net


664,945


838,192


132,222








Total current assets


11,916,269


11,622,050


1,833,334








Non-current assets







Deferred tax assets


20,245


70,258


11,083

Investments


608,617


865,017


136,453

Property and equipment, net


79,611


73,393


11,577

Intangible assets, net


83,942


78,837


12,436

Right-of-use assets, net


395,371


390,997


61,678

Prepayments and other non-current assets


150,887


142,544


22,486








Total non-current assets


1,338,673


1,621,046


255,713








Total assets


13,254,942


13,243,096


2,089,047








Liabilities and shareholders' equity







Current liabilities







Accounts payable


12,579


12,171


1,920

Advances from customers and deferred revenue


459,509


469,055


73,992

Income taxes payable


5,944


30,889


4,873

Accrued liabilities and other current liabilities


1,845,452


1,680,513


265,093

Amounts due to related parties


216,128


218,651


34,491

Lease liabilities due within one year


36,473


39,204


6,184








Total current liabilities


2,576,085


2,450,483


386,553








Non-current liabilities







Lease liabilities


45,084


39,463


6,225

Deferred tax liabilities


4,597


20,533


3,239

Deferred revenue


118,975


110,322


17,403








Total non-current liabilities


168,656


170,318


26,867








Total liabilities


2,744,741


2,620,801


413,420








HUYA INC.

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS (CONTINUED)

(All amounts in thousands, except share, ADS, per share data and per ADS data)




As of December 31,


As of March 31,



2021


2022


2022



RMB


RMB


US$








Shareholders' equity







Class A ordinary shares (US$0.0001 par value;
750,000,000 shares authorized as of December
31, 2021 and March 31, 2022,respectively;
86,993,764 and 87,179,823 shares issued and
outstanding as of December 31, 2021 and March
31, 2022, respectively)


58


58


9

Class B ordinary shares (US$0.0001 par value;
200,000,000 shares authorized as of December
31, 2021 and March 31, 2022, respectively;
151,076,517 and 151,076,517 shares issued and
outstanding as of December 31, 2021 and
March 31, 2022, respectively)


99


99


16

Additional paid-in capital


11,764,059


11,820,958


1,864,710

Statutory reserves


122,429


122,429


19,313

Accumulated deficit


(1,300,144)


(1,303,458)


(205,615)

Accumulated other comprehensive loss


(76,300)


(17,791)


(2,806)








Total shareholders' equity


10,510,201


10,622,295


1,675,627








Total liabilities and shareholders' equity


13,254,942


13,243,096


2,089,047

HUYA INC.

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(All amounts in thousands, except share, ADS, per share data and per ADS data)




Three Months Ended



March 31,
2021


December 31,
2021


March 31,
2022


March 31,
2022




RMB


RMB


RMB


US$












Net revenues










Live streaming


2,392,275


2,612,897


2,151,704


339,423


Advertising and others


212,509


195,844


312,847


49,350












Total net revenues


2,604,784


2,808,741


2,464,551


388,773












Cost of revenues (1)


(2,090,896)


(2,807,672)


(2,130,974)


(336,153)












Gross profit


513,888


1,069


333,577


52,620












Operating expenses (1)










Research and development expenses


(199,071)


(205,709)


(196,251)


(30,958)


Sales and marketing expenses


(144,585)


(218,473)


(145,065)


(22,883)


General and administrative expenses


(84,091)


(90,478)


(80,774)


(12,742)












Total operating expenses


(427,747)


(514,660)


(422,090)


(66,583)












Other income, net


75,968


56,289


28,278


4,461












Operating income (loss)


162,109


(457,302)


(60,235)


(9,502)












Interest and short-term investments income


65,130


61,589


59,202


9,339


Gain on fair value change of investments


-


-


7,602


1,199


Foreign currency exchange (losses) gains, net


(2,260)


89


(64)


(10)












Income (loss) before income tax ( expenses)
benefits


224,979


(395,624)


6,505


1,026












Income tax (expenses) benefits


(39,410)


83,051


(9,401)


(1,483)












Income (loss) before share of loss in equity
method investments, net of income taxes


185,569


(312,573)


(2,896)


(457)












Share of loss in equity method investments, net of
income taxes


(31)


(96)


(418)


(66)












Net income (loss) attributable to HUYA Inc.


185,538


(312,669)


(3,314)


(523)












Net income (loss) attributable to ordinary
shareholders


185,538


(312,669)


(3,314)


(523)













HUYA INC.

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (CONTINUED)

(All amounts in thousands, except share, ADS, per share data and per ADS data)




Three Months Ended



March 31,
2021


December 31,
2021


March 31,
2022


March 31,
2022



RMB


RMB


RMB


US$










Net income (loss) per ADS*









—Basic


0.78


(1.31)


(0.01)


(0.002)

—Diluted


0.77


(1.31)


(0.01)


(0.002)

Net income (loss) per ordinary share









—Basic


0.78


(1.31)


(0.01)


(0.002)

—Diluted


0.77


(1.31)


(0.01)


(0.002)










Weighted average number of ADS used in
calculating net income
(loss) per ADS









—Basic


236,602,426


239,233,239


239,746,395


239,746,395

—Diluted


241,872,722


239,233,239


239,746,395


239,746,395










* Each ADS represents one Class A ordinary share.



























(1) Share-based compensation was allocated in cost of revenues and operating expenses as follows:












Three Months Ended



March 31,
2021


December 31,
2021


March 31,
2022


March 31,
2022



RMB


RMB


RMB


US$










Cost of revenues


16,621


15,156


13,112


2,068

Research and development expenses


36,741


31,629


23,251


3,668

Sales and marketing expenses


1,891


2,245


1,644


259

General and administrative expenses


25,124


21,968


18,746


2,957

HUYA INC.

RECONCILIATIONS OF GAAP AND NON-GAAP RESULTS

(All amounts in thousands, except share, ADS, per share data and per ADS data)




Three Months Ended



March 31,
2021


December 31,
2021


March 31,
2022


March 31,
2022



RMB


RMB


RMB


US$










Gross profit


513,888


1,069


333,577


52,620

Share-based compensation expenses allocated in
cost of revenues


16,621


15,156


13,112


2,068










Non-GAAP gross profit


530,509


16,225


346,689


54,688










Operating income (loss)


162,109


(457,302)


(60,235)


(9,502)

Share-based compensation expenses


80,377


70,998


56,753


8,952










Non-GAAP operating income (loss)


242,486


(386,304)


(3,482)


(550)










Net income (loss) attributable to HUYA Inc.


185,538


(312,669)


(3,314)


(523)

Gain on fair value change of investments, net of
income taxes


-


-


(6,842)


(1,079)

Share-based compensation expenses


80,377


70,998


56,753


8,952










Non-GAAP net income (loss) attributable to HUYA Inc.


265,915


(241,671)


46,597


7,350










Net income (loss) attributable to ordinary
shareholders


185,538


(312,669)


(3,314)


(523)

Gain on fair value change of investments, net of
income taxes


-


-


(6,842)


(1,079)

Share-based compensation expenses


80,377


70,998


56,753


8,952










Non-GAAP net income (loss) attributable to
ordinary shareholders


265,915


(241,671)


46,597


7,350










Non-GAAP net income (loss) per ordinary share









—Basic


1.12


(1.01)


0.19


0.03

—Diluted


1.10


(1.01)


0.19


0.03










Non-GAAP net income (loss) per ADS









—Basic


1.12


(1.01)


0.19


0.03

—Diluted


1.10


(1.01)


0.19


0.03










Weighted average number of ADS used in
calculating Non-GAAP net income (loss) per
ADS









—Basic


236,602,426


239,233,239


239,746,395


239,746,395

—Diluted


241,872,722


239,233,239


241,014,680


241,014,680

Cision View original content: https://www.prnewswire.com/news-releases/huya-inc-reports-first-quarter-2022-unaudited-financial-results-301548723.html

SOURCE HUYA Inc.

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Go-To Site for Educational Learning Games Announces Next Generation Product Updates

Breakout EDU, the leading educational game solution that makes rigorous learning experiences engaging for all students, announced today the release of a new expansion pack for their Breakout EDU Kit. In addition, a host of new features have been added to their digital platform which is aimed at improving teaching and learning.

"For the past year our incredible team has been executing a vision for a new Breakout EDU - We have made Breakout EDU an even more powerful tool while making it easier to use for all teachers, schools, and of course, students," said Adam Bellow , CEO and Co-Founder. "The new Breakout EDU includes our second-generation expansion pack, which creates many new learning opportunities for players. We are also thrilled to announce the new game design studio and courses which will empower students and teachers everywhere to level up their creativity!"

Breakout EDU is also excited and proud to announce its new partnership with Adobe, a company that has long set the standard for tools that harness the creative potential of its users. With this new integration, Breakout EDU puts Adobe Express' easy-to-use creative actions and image editing, plus template based starting points, inside its game builder and directly in the hands of Breakout's end users. Students will have the opportunity to create standout content right in the places where they are already learning and working.

"When it comes to maximizing the power and utility of Adobe Creative Cloud apps and services, extensibility is at our core," said Aubrey Cattell , VP, Creative Cloud Developer Platform at Adobe. "We're excited about our partnership with Breakout EDU, which will integrate Adobe Express creative capabilities directly into Breakout's newly designed game builder and give students globally the opportunity to become game builders, show off their skills, and harness their creativity."

Breakout EDU now comes with:

  • NEW Breakout EDU Kit - A refreshed kit with the Expansion Pack (Generation 2) that includes a custom cipher disc, interchangeable cipher wheels, and custom dice that work with over 22 new games at launch with more added each week! All-new kit purchases include the new Expansion Pack (Generation 2) as well as a 12-month subscription to the Breakout EDU Platform, which features a growing library of over 2,000 standards-aligned educational games.

  • NEW Game Design Course - Learning how to create your own games has never been more exciting! Each level of the Game Design Course features an engaging video lesson and a fun practice game that helps learners to create a great Breakout EDU game.

  • Avatars - Students and teachers can now build their own avatars. These avatars are fun to design and will be woven into exciting future updates. Students will be able to unlock new costumes and content that add personality to their avatar and play a role inside the games.

  • Fresh Daily Content - Lock of the Day is a short daily game that over 5 million students have played this past year. These daily challenges will continue into 2022 with a new calendar view where they can earn avatar awards for completing 5-day streaks.

  • Personalized User Experience - The new teacher experience now includes valuable insights into student performance to easily monitor progress over time. Games will be automatically recommended to teachers based on the subjects they select and AI that helps to provide the most relevant content.

Breakout EDU also announced features that will be available during the back-to-school season. "We're about to take Breakout to the next level and we can't wait for students and teachers to see what we have planned for the fall," said Bellow.

Launching this Fall

  • Enhanced Game Design Studio - The redesigned digital game builder will harness student creativity with a powerful new suite of creative tools powered by Adobe Express. These tools can be used to create clues and other content for digital games, transforming students into game designers as they show off their creativity and content knowledge.

  • Shared Teacher Library - Schools that utilize Breakout EDU will be able to create shared libraries of content that teachers can access from their accounts. The game can then be copied and edited by any other teacher in the school for their classroom to use.

  • Gamification - Students will be able to level up their avatar by unlocking new costumes and props for completing a series of games. This will work with both Lock of the Day and whole-class games as well.

  • Teacher-Assigned Badges - Students will soon be able to receive awards for their participation in any Breakout EDU game. These badges are meant to recognize and celebrate students who are exemplifying particular skills, such as collaboration or growth mindset.

Breakout EDU can be purchased individually or with volume discounts available for schools and districts at www.BreakoutEDU.com .

About Breakout EDU

Breakout EDU is an educational solution that makes valuable learning experiences accessible and engaging for all. The award-winning solution has been a trusted resource for more than 500,000 teachers and has been played by over 10 million students. Breakout EDU provides endless opportunities for classrooms to bring content-based games and the valuable 4C social skills together in learner-driven activities. The company is committed to empowering students to succeed and thrive in the classroom and beyond by unlocking the love of learning.

Media contact:
Emily Gregory
(586) 337-9337
339323@email4pr.com

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SOURCE Breakout EDU

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Major Fortnite Professional Gaming Influencer "Fresh" Invests and Backs gDEX Metaverse

  • With 18-million followers, Fresh Joins the Star Advisory Team

The revolutionary Play to Earn gaming platform www.gDEXmetaverse.com (Decentralized Finance Gaming Platform Exchange) today announced that star gamer Harley Fresh (popularly known as FRESH) has invested in gDEX and also accepted the role of an Advisor in an initiative to build the platform that not only exceeds expectations but builds endless possibilities for all. gDEX, with its one-of-a-kind offering to gamers, creators, and guilds is further strengthening its product offering with the support and feedback from star gamers who collectively inspire 30  million gamers worldwide.

Harley Fresh is an Australian Twitch streamer, and YouTube celebrity known for his Fortnite content and goes by the online name Fresh (formerly 'mrfreshasian'). Harley rose to prominence on social media in late 2018 after excelling in a competitive Fortnite environment and using this skill set for high level gaming content. Fresh currently brings 18 million followers and subscribers across his socials and his YouTube channels have accumulated over 2.5 billion lifetime views since then.

As an Investor and Advisor to the gDEX, Fresh brings his vast gaming, content and web3 experience, understanding of the community, the opportunities to pursue, and the influence that gDEX can have on mainstream gaming moving into Web3, and in charting the future roadmap for the platform along with other visionaries.

"Fresh amazed us with his attitude and sheer presence across the gaming community. I am looking forward to working closely with all our advisors in solving real-life gamers, creator and guild issues in the metaverse. This is a privilege to build something with the community, and for the community," said J.D. Salbego, Founder and CEO, gDEX Metaverse.

The gDEX platform is bringing together three key industries: metaverse, gaming, and DeFi, each of which come with their own promising market and exponential growth potential. Put simply, gDEX is committed to helping non-crypto gamers and developers overcome the hurdles to enter web3 and make the most of it.

"I look forward to working with gDEX to build something truly valuable for the entire gaming world. These are unique opportunities for us to support teams that are working towards bridging the gap in this industry," said Harley Fresh .

The gDEX Metaverse serves as a unified GameFi layer that enables interoperability across the metaverse. The platform hosts a suite of robust chain-agnostic no-coding-required tools along with a DeFi-fuelled GameFi token economy for gamers to realise the maximum value of their efforts, creators to easily create and onboard games, and guilds to manage and grow their guilds like never before. Interestingly, all these features and participants are tied together using a unique metaverse passport system. This is another step towards enabling gamers to monetize their gaming identity, assets, efforts and skill level across games, platforms and the metaverse as a whole.

About the Star Gamer FRESH:

Harley has quickly risen to become one of Twitch's most popular streams in no time. He was a professional gamer for some time before pursuing his career as a content creator. Since then, Harley has played Fornite with a slew of other well-known gamers, like LazarBeam and Lachlan.

He's a regular competitor in Fortnite tournaments, such as the 2019 Fortnite World Cup Celebrity Pro-Am, where he competed alongside fellow Australian celebrity Desmond Chaim .  Harley has also won the Australian Open ProAM in 2019 and 2020 respectively.

Learn more about Fresh and follow him on his social media pages:

Twitter: https://twitter.com/Fresh

YouTube: https://www.youtube.com/channel/UCqsBym4OHrzSp0Nq1eZoMIA

Instagram: https://www.instagram.com/mrfreshasian/?hl=en

About The gDEX Metaverse:

The ground-breaking gDEX is the meeting point of three important segments: metaverses, gaming, and DeFi, each with its own promising market and exponential opportunity.

The gDEX (Decentralized Finance Gaming Platform Exchange) is a revolutionary Play to Earn platform powering gamers, creators, and guilds in the Metaverse. gDEX Metaverse acts as a unified GameFi layer enabling interoperability across the metaverse which hosts a suite of robust chain agnostic no-coding needed tools and DeFi fueled GameFi token economy for gamers to maximise the value of their effort, for creators to create and onboard games easily, and for guilds to manage and grow their guilds like never before — all attached to their unique metaverse passport.

Learn more about gDEX Metaverse here:
Website: https://gdexmetaverse.com/
Twitter: https://twitter.com/gDEXMetaverse
Discord: https://discord.gg/gdexmetaverse
Telegram: https://t.me/gdexmetaverse
Facebook: https://www.facebook.com/thegdexmetaverse

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SOURCE gDEX METAVERSE

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After Doubling ARR, Leading Software and Game Development Acceleration Platform Incredibuild Raises $35M Led by Hiro Capital, Significantly Increasing Valuation

I nvestment will go towards driving Incredibuild's innovation and growth across industries such as AI, the Metaverse, and many others, as well as enhancing its supercomputing platform

Incredibuild creator of the leading hybrid development acceleration platform for developers and DevOps teams, announced today it has raised $35M in Series B funding after doubling its ARR, increasing its valuation significantly. Hiro Capital the entrepreneur-founded VC focused on Videogames, Creator Platforms and Metaverse Technologies, led the round with participation from existing investor Insight Partners . Insight Partners acquired a stake in Incredibuild for $140 million just over one year ago in a round with several components, joining Fortissimo Capital, which invested in the company in 2018.

News Provided by PR Newswire via QuoteMedia

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Trailblazer Games Announces First NFT Release Date in the Eternal Dragons Saga

Startup Trailblazer Games is today announcing details of their first NFT collection and release strategy. The collection forms the cornerstone of a multi-chapter epic about the long-lost Eternal Dragons.

Trailblazer have chosen to release the dragons in batches, reflecting each theme that make up the 10k collection. The first batch is scheduled for July 12th , at which point 1,000 dragons will be available to mint. Holders of Eternal Dragons NFTs will benefit from an innovative breeding programme for a sustainable economy, early access and increased power in the games to come, plus many additional perks outlined here .

The team behind Eternal Dragons consists of three serial entrepreneurs and veteran gaming industry leaders from the likes of King, EA and Microsoft, with experience in building large-scale and sustainable free-to-play economies. The growing team's experience spans the design and production of award-winning games and franchises like SimCity and Candy Crush – which touch billions of hearts across multiple platforms – but also the building of platforms and tools for growth and engagement powered by data and AI, plus extensive blockchain development.

"The Eternal Dragons NFT Collection is the cornerstone of our franchise. Everything we do, everything we build is meant to add value to the holders," says Trailblazer CEO and co-founder Alex Arias . "All the franchise game chapters provide added utility for these beautiful and powerful creatures. Owning them is joining an identity, a vision of a better world, connected through play."

The Eternal Dragons NFT collection marks the coming to life of Trailblazer's vision for a new era of gaming. The dragons give owners a playable character in the games to come, providing a level of integration across players and investors unparalleled pre-Web3.

Learn more at eternaldragons.com and via our Medium .

Video - https://www.youtube.com/watch?v=RtoO5-uOXmo
Logo - https://mma.prnewswire.com/media/1768104/Trailblazer_Games_Logo.jpg

For further media information or further comment, please contact:
Francisco Reinhard
+49 1575 1502484
francisco@trailblazer.games
pr@trailblazer.games

(PRNewsfoto/Trailblazer Games)

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SOURCE Trailblazer Games

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XT.com Lists Tales of Xtalnia With USDT Trading Pair

The XTAL token has been listed on XT.com and the users can access the XTALUSDT trading pair on the Main Zone (Metaverse). The XT users will soon have an additional investment option with the addition of this new trading pair.

Tales of Xtalnia (XTAL) token is the fundamental currency of the XTAL ecosystem.Tales of Xtalnia, a multiplayer strategy game with rouge-like mechanics, is a free-to-play and play-to-earn blockchain ecosystem game. Its IDO sold out in under 6 minutes on June 21st, 2022 . Not all blockchain games strike the necessary balance between a compelling gameplay and the play-to-earn features found in blockchain games. Using an innovative weapon system, multiple game modes, character customizability, party customization, a NFT marketplace and a dual token economy, there is more than meets the eye in Tales of Xtalnia.

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