Yalla Group Limited (NYSE:YALA) Q3 2022 Earnings Call Transcript

A €“ Tao Yang: Hi. Thank you for your question. So actually, the conversion effective rates between our apps is very encouraging. We are seeing promising feedback and data. Also, we think that the conversion possibly impact our users’ long-term LTV, we built a product ecosystem that provides diverse services to fulfill Yalla users online social networking and entertainment leads. When we decide to convert users from one app to another, usually, these two products represent different sectors and provide distinct services. Gradually facilitating the improvement of users of total LTV on the Yalla Group platform. Thank you, hope I answered your question, well. Thank you.

Q €“ Zemin Chen: Thank you.

Operator: Thank you. That concludes our prepared remarks. Our question-and-answer session is now over. There are no further questions. I’d now like to turn the call back over to management for their closing statements.

Kerry Gao: Thank you once again, for joining us today. We look forward to speaking with you in the next quarter. If you have further questions, please feel free to contact Yalla’s Investor Relations through the contact information provided on our website or the Piacente Group Investor Relations.

Operator: The conference is now concluded. You may now disconnect. Thank you. Thank you.