Professional
Added to YB: 2025-06-04
Pitch date: 2025-06-02
YALA [bearish]
Yalla Group Limited
-4.76%
current return
Author Info
Pelican Way Research is an activist short selling and research firm dedicated to public market transparency. Sign up for the newsletter.
Company Info
Yalla Group Limited, together with its subsidiaries, operates a social networking and gaming platform in the Middle East and North Africa region.
Market Cap
$1.1B
Pitch Price
$6.72
Price Target
N/A
Dividend
N/A
EV/EBITDA
2.91
P/E
8.65
EV/Sales
1.07
Sector
Interactive Media and Services
Category
special_situation
Pelican Way Research is Short Yalla Group (NYSE: YALA)
YALA short: Reported $339M 2024 revenue vs. ~$56M estimated from app data—$283M gap. 100M+ downloads claimed vs ~57.5M calculated. App reviews show suspicious activity (45%). KPMG auditor has 100% deficiency rate. Paying users -13% since Q1'23 peak. Excessive exec comp at ~86% of estimated revenue.
Read full article (7 min)