JOYY Inc. reports recurring developments across its global technology and social entertainment business, including live streaming, mobile advertising and social products such as Bigo Live, Likee, imo and Hago. Company news commonly covers quarterly and annual results, revenue trends in live streaming and advertising, BIGO Ads activity, platform traffic quality, advertiser partnerships and product monetization initiatives.
Updates also include shareholder-return actions through dividends and share repurchases, annual Form 20-F reporting, and third-party recognition or ecosystem partnerships tied to BIGO Ads. The recurring themes reflect JOYY's mix of social entertainment platforms and advertising technology under the BIGO business and related product groups.
JOYY Inc. (NASDAQ: YY) plans to release its Q2 2020 financial results after the U.S. market closes on August 12, 2020. Management will host a conference call at 9:00 PM ET, with registration required due to COVID-19 restrictions. Participants will receive dial-in details via email after registration. A live and archived webcast of the call will be accessible on the investor relations website. JOYY, a global video-based social media platform, completed the acquisition of Bigo in March 2019, significantly expanding its entertainment offerings.
JOYY Inc. (NASDAQ: YY) reported its first quarter 2020 financial results, revealing a 49.6% increase in net revenues to RMB7,149.4 million (US$1,009.7 million) compared to RMB4,780.6 million in Q1 2019. However, net income fell sharply to RMB386.7 million (US$54.6 million) from RMB3,120.4 million year-over-year. The company witnessed a 3.6% decline in paying users for YY, attributed to COVID-19 impacts. Despite challenges, mobile MAUs grew by 121.9% for Likee and 33.4% for global live streaming services. JOYY expects Q2 revenues between RMB5.00 billion and RMB5.15 billion.
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