JOYY, Inc. engages in managing a communication social platform, which enables users to join real-time online group activities through voice, text, and video. Its services include music and entertainment, online games, online dating, live game broadcasting, online education, and advertising. It operates through following segments: Live Streaming, Online Games, Membership and Others. The Live Streaming segment engages in the sales of in-channel virtual items used on live streaming platforms, including YY Live platform and Huya platform. The Online Games segment engages in the sales of in-game virtual items used for games. The Membership segment engages in the collection of membership subscription fees. The Others segment engages in the online education platform and online advertising and promotion. The company was founded by Xueling Li and Jun Lei in April 2005 and is headquartered in Singapore.

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JOYY Inc. reports strong Q4 earnings, poised for strategic growth

JOYY Inc. delivered robust financial results in Q4 2022, driven by revenue growth from key platforms and a focus on sustainable profitability.
The company's strategic initiatives, strong financial position, and user growth trends position it well for future growth and value creation.
While challenges exist in a dynamic market environment, JOYY Inc. has opportunities to capitalize on its strengths, drive innovation, and navigate industry challenges effectively.

JOYY Inc. surpasses Q1 revenue targets, focuses on user growth

JOYY Inc.'s Q1 performance exceeded expectations, with strong revenue growth and profitability driven by user base expansion and technological advancements.
While facing challenges in maintaining growth momentum, the company is strategically focusing on core strengths, user engagement, and revenue diversification.
Opportunities lie in leveraging AI technology, expanding paying user bases, and driving profitability through strategic initiatives and user-centric approaches.

JOYY Inc. exceeds revenue guidance, focuses on user engagement

JOYY Inc.'s Q2 2023 earnings call showcased strong financial performance, user growth, and operational improvements across its segments. While challenges in sustaining growth and achieving profitability persist, the company's strategic focus on innovation and user engagement presents promising opportunities for future expansion and success.

JOYY Inc. posts robust Q3 results, eyes sustained growth strategies

JOYY Inc. reported strong financial results in Q3 2023, driven by revenue growth and improved profitability. The company's focus on user engagement, operational efficiency, and shareholder returns positions it well for future growth.

YY reports Q4 revenue growth, focuses on shareholder returns

YY's Q4 2023 performance showed revenue growth and user base expansion, with a focus on shareholder returns and strategic priorities for 2024. Despite revenue challenges, the company's emphasis on product updates and monetization models positions it for future growth and efficiency.

JOYY Inc. reports solid Q1 earnings, eyes growth opportunities

JOYY Inc.'s Q1 2024 performance reflects strong financial metrics, improved profitability, and a focus on shareholder value. The company's strategic initiatives aim to drive growth, enhance operational efficiency, and adapt to market changes, presenting opportunities for expansion and optimization.

YY reports strong Q2 earnings, eyes sustainable growth in Q3

YY's Q2 2024 performance reflects growth in revenue and net profit, with positive trends in user metrics and advertising revenue. While leadership transition and market competition pose challenges, the company's focus on efficiency and growth outlook provide opportunities for expansion.

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JOYY, Inc. engages in managing a communication social platform, which enables users to join real-time online group activities through voice, text, and video. Its services include music and entertainment, online games, online dating, live game broadcasting, online education, and advertising. It operates through the BIGO and All Other segments. The BIGO segment includes revenues from social entertainment platforms, including Bigo Live, Likee, and imo. The All Other segment represents the Huya and YY Live transactions and the elimination from historical segment results of both discontinued businesses as reportable segments. The company was founded by Xueling Li and Jun Lei in April 2005 and is headquartered in Singapore.

JOYY (YY) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.

JOYY (YY) Surges 6.2%: Is This an Indication of Further Gains?

SINGAPORE, Nov. 13, 2024 (GLOBE NEWSWIRE) -- JOYY Inc. (NASDAQ: YY) (“JOYY” or the “Company”), a global technology company, today announced that it plans to release its third quarter 2024 financial results after the U.S. market closes on November 26, 2024.

JOYY to Announce Third Quarter 2024 Financial Results on November 26, 2024

JOYY beat Q2 earnings and sales estimates. It only trades at 10.9x 2025 EPS estimates despite beating estimates 100% of the time in the past 2 years. The company has $2.7 billion more in assets (net of goodwill) than liabilities, yet only has a $2 billion market cap. Developed country sales were up 32%. This is now 54% of the business.

JOYY Had A Sneaky Good Q2

JOYY Inc (NASDAQ:YY ) Q2 2024 Results Conference Call August 27, 2024 9:00 PM ET Company Participants Tingzhen Xie - Investor Relations Senior Manager Ting Li - Chairperson of the Board & CEO Xueling Li - Co-Founder & Former Director Fuyong Liu - Vice President of Finance Conference Call Participants Thomas Chong - Jefferies Lei Zhang - Bank of America Brian Gong - Citi Operator Ladies and gentlemen, thank you for standing by, and welcome to the JOYY Inc.'s Second Quarter 2024 Earnings Call. [Operator Instructions] I'd now like to hand the conference over to your host today, Jane Xie, the company's Senior Manager of Investor Relations.

JOYY Inc (YY) Q2 2024 Earnings Call Transcript

SINGAPORE , Aug. 27, 2024 /PRNewswire/ -- JOYY Inc. (NASDAQ: YY) ("JOYY" or the "Company"), a global leading technology company, announced its unaudited financial results for the second quarter of 2024. During the second quarter, JOYY's revenue came in at US$565.1 million, a year-over-year increase of 3.3%.

JOYY Reports Second Quarter 2024 Financial Results: Total Revenues up 3.3% Year Over Year, BIGO Achieves Fourth Consecutive Quarter of Growth

SINGAPORE, Aug. 28, 2024 (GLOBE NEWSWIRE) -- JOYY Inc. (NASDAQ: YY) (“JOYY” or the “Company”), a global technology company, today announced its unaudited financial results for the second quarter of 2024.

JOYY Reports Second Quarter 2024 Unaudited Financial Results

SINGAPORE, Aug. 03, 2024 (GLOBE NEWSWIRE) -- JOYY Inc. (Nasdaq: YY) (“JOYY” or the “Company”), a global technology company, today announced that its board of directors (the “Board”) has approved a carefully planned leadership succession. Ms. Ting Li, currently Director and Chief Operating Officer of the Company, will succeed Mr. David Xueling Li as Chairperson of the Board (“Chairperson”) and Chief Executive Officer (“CEO”), effective immediately. Mr. David Xueling Li will continue serving as a member of the Board, ensuring continuity and supporting ongoing business momentum.

JOYY Announces Leadership Transition

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Is JOYY (YY) Stock Undervalued Right Now?

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SINGAPORE, June 14, 2024 (GLOBE NEWSWIRE) -- JOYY Inc. (Nasdaq: YY) (“JOYY” or the “Company”), a global technology company, today announced the results of its previously announced repurchase right offer relating to its 1.375% Convertible Senior Notes due 2026 (CUSIP No. 98426T AF3) (the “2026 Notes”). The repurchase right offer expired at 5:00 p.m., New York City time, on Thursday, June 13, 2024. Based on information from Citibank, N.A. as the paying agent for the 2026 Notes, US$405,445,000 aggregate principal amount of the 2026 Notes were validly surrendered and not withdrawn prior to the expiration of the repurchase right offer. The aggregate cash purchase price of these 2026 Notes is US$405,445,000. The Company has accepted all of the surrendered 2026 Notes for repurchase and has forwarded cash in payment of the same to the paying agent for distribution to the applicable holders. As June 15, 2024 is a Saturday, the paying agent will pay the repurchase price for the 2026 Notes tendered and the accrued interest on all of the 2026 Notes no later than Monday, June 17, 2024, the next succeeding business day following the repurchase date, pursuant to the indenture dated as of June 24, 2019 relating to the 2026 Notes.

JOYY Inc. Announces the Results of the Repurchase Right Offer for its 1.375% Convertible Senior Notes due 2026

Streaming company JOYY Inc. (NASDAQ:YY) reported its Q1 2024 earnings after market closing on May 28th, exceeding both revenue and earnings expectations. The company's non-GAAP EPADS came in at $1.02, surpassing estimates by $0.21, while revenues reached $564.6 million, beating forecasts by $10.6 million despite a 3.3% year-over-year decline.

JOYY beats Q1 estimates: should you buy?

JOYY, Inc. (NASDAQ:YY ) Q1 2024 Earnings Conference Call May 28, 2024 9:00 PM ET Company Participants Jane Xie - IR Senior Manager David Li - Co-Founder, Chairman & CEO Alex Liu - VP, Finance Conference Call Participants Henry Sun - JPMorgan Chase & Co. Alex Poon - Morgan Stanley Lei Zhang - Bank of America Merrill Lynch Yiwen Zhang - China Renaissance Securities Operator Ladies and gentlemen, thank you for standing by, and welcome to the JOYY Inc.'s First Quarter 2024 Earnings Call. [Operator Instructions].

JOYY, Inc. (YY) Q1 2024 Earnings Call Transcript

SINGAPORE , May 28, 2024 /PRNewswire/ -- JOYY Inc. (NASDAQ: YY) ("JOYY" or the "Company"), a global leading technology company, announced its unaudited financial results for the first quarter of 2024. During the first quarter, JOYY's revenue came in at US$564.6 million.

JOYY Reports First Quarter 2024 Financial Results: Net Profit up 34.8% Year Over Year, BIGO Sustains Revenue Growth

SINGAPORE, May 29, 2024 (GLOBE NEWSWIRE) -- JOYY Inc. (NASDAQ: YY) (“JOYY” or the “Company”), a global technology company, today announced its unaudited financial results for the first quarter of 2024.

JOYY Reports First Quarter 2024 Unaudited Financial Results

SINGAPORE, May 17, 2024 (GLOBE NEWSWIRE) -- JOYY Inc. (NASDAQ: YY) (“JOYY” or the “Company”), a global technology company, today announced that it plans to release its first quarter 2024 financial results after the U.S. market closes on May 28, 2024.

JOYY to Announce First Quarter 2024 Financial Results on May 28, 2024

SINGAPORE, April 27, 2024 (GLOBE NEWSWIRE) -- JOYY Inc. (NASDAQ: YY) (“JOYY” or the “Company”), a global technology company, today announced that it filed its annual report on Form 20-F for the fiscal year ended December 31, 2023, with the Securities and Exchange Commission on April 26, 2024, Eastern Time. The annual report can be accessed on the Company's investor relations website at http://ir.joyy.com.

JOYY Inc. Filed 2023 Annual Report on Form 20-F

SINGAPORE, April 12, 2024 (GLOBE NEWSWIRE) -- JOYY Inc. (Nasdaq: YY) (“JOYY” or the “Company”), a global technology company, today announced that it is notifying holders of its 1.375% Convertible Senior Notes due 2026 (CUSIP No. 98426T AF3) (the “2026 Notes”) that pursuant to the Indenture dated as of June 24, 2019 (the “Indenture”) relating to the 2026 Notes by and between the Company and Citicorp International Limited, as trustee, each holder has the right, at the option of such holder, to require the Company to repurchase for cash on June 15, 2024 all of such holder's 2026 Notes or any portion thereof that is an integral multiple of US$1,000 principal amount (the “Repurchase Right”). The Repurchase Right becomes exercisable at 9:00 a.m., New York City time, on Friday, May 10, 2024 and expires at 5:00 p.m., New York City time, on Thursday, June 13, 2024.

JOYY Inc. Announces Repurchase Right Notification for 1.375% Convertible Senior Notes due 2026

JOYY Inc. (YY) Q4 2023 Earnings Call Transcript

SINGAPORE , March 18, 2024 /PRNewswire/ -- JOYY Inc. (NASDAQ: YY) ("JOYY" or the "Company"), a global leading technology company, announced its unaudited financial results for the fourth quarter and full year of 2023. During the fourth quarter, JOYY's revenue came in at US$570 million.

JOYY Reports Fourth Quarter and Full Year 2023 Financial Results: Third Consecutive Year of Profitability, Global MAU Resumes Growth

SINGAPORE, March 19, 2024 (GLOBE NEWSWIRE) -- JOYY Inc. (NASDAQ: YY) (“JOYY” or the “Company”), a global technology company, today announced its unaudited financial results for the fourth quarter and full year of 2023.

JOYY Reports Fourth Quarter and Full Year 2023 Unaudited Financial Results

SINGAPORE, March 07, 2024 (GLOBE NEWSWIRE) -- JOYY Inc. (NASDAQ: YY) (“JOYY” or the “Company,” formerly known as YY Inc.), a global technology company, today announced that it plans to release its fourth quarter and full year 2023 financial results after the U.S. market closes on March 18, 2024.

JOYY to Announce Fourth Quarter and Full Year 2023 Financial Results on March 18, 2024

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