Welcome to our dedicated page for Joyy news (Ticker: YY), a resource for investors and traders seeking the latest updates and insights on Joyy stock.
JOYY Inc., historically traded under the ticker YY on Nasdaq, is a global technology company in the data processing, hosting, and related services industry that operates social platforms such as Bigo Live, Likee, and Hago. Company news releases describe JOYY as focusing on live streaming, short-form video, and multiplayer social networking, with a mission to enrich lives through technology and a user community spanning multiple regions.
The news flow around YY/JOYY frequently covers quarterly and annual financial results, including net revenues, net income or loss, non-GAAP metrics, and operational indicators such as mobile monthly active users, paying users, and average revenue per paying user for its BIGO segment. These updates often highlight trends in live streaming revenues, the growth of advertisement revenues within "other revenues," and the impact of cost optimization and operational efficiency initiatives.
Investors following YY-related news will also see coverage of platform and product developments. Press releases describe enhancements to Bigo Live’s content recommendation algorithms, AI-powered content moderation, and social features such as Real Match and multi-guest rooms. Likee news has emphasized content and community initiatives in the Middle East and Europe, while Hago updates have focused on user engagement in social channels and themed activities.
Another recurring theme in JOYY’s news is capital allocation and corporate actions. The company has announced share repurchase programs, reported on the volume and value of ADSs repurchased in specific quarters, and introduced a multi-year quarterly dividend policy. News has also covered significant corporate events, such as the closing of the sale of YY Live in mainland China to Baidu and the planned change of the Nasdaq ticker from "YY" to "JOYY."
For readers tracking YY stock history and JOYY’s ongoing operations, this news stream offers insight into financial performance, platform evolution, geographic focus, and shareholder return policies. Bookmarking the YY news page on Stock Titan can help consolidate these company-issued updates and related market coverage in one place.
JOYY Inc. (NASDAQ: YY), a global technology company, has announced its plans to release second quarter 2024 financial results on August 27, 2024, after the U.S. market closes. The company will host an earnings conference call at 9:00 PM U.S. Eastern Time on the same day (9:00 AM Singapore/Hong Kong Time on August 28, 2024).
Participants can pre-register for the call using the provided link to receive dial-in numbers, a passcode, and a unique PIN. A live and archived webcast will be available on JOYY's investor relations website. The replay will be accessible until September 4, 2024, via specific dial-in numbers for the United States, Singapore, and Hong Kong.
JOYY Inc. (Nasdaq: YY) announced a leadership transition, with Ms. Ting Li succeeding Mr. David Xueling Li as Chairperson and CEO, effective immediately. Mr. Li will remain on the Board to support ongoing business momentum. Ms. Li, previously Director and COO, has been with JOYY since 2011 and joined the Board in November 2023. She aims to continue nurturing content and social entertainment ecosystems, reinforcing market position, and driving product innovations. The transition is part of JOYY's strategy to further diversify revenue streams and seize new growth opportunities in its highly globalized operations.
On June 14, 2024, JOYY announced the results of its repurchase right offer for its 1.375% Convertible Senior Notes due 2026. The offer, which expired on June 13, 2024, saw US$405,445,000 worth of notes surrendered. JOYY accepted all surrendered notes and forwarded cash payments to Citibank for distribution. Payments will be made by June 17, 2024, as June 15 falls on a Saturday. Documents related to this offer are available on the SEC's website and JOYY's investor relations website.
JOYY (NASDAQ: YY) announced its unaudited financial results for Q1 2024, reporting revenues of $564.6 million. The BIGO segment showed strong performance with revenues of $505.2 million, a year-over-year increase of 8.0%, and a 6.9% rise in paying users. JOYY's net profit reached $45.3 million, a 34.8% increase from the previous year. Non-GAAP net profit was $67.2 million, with net margins of 8.0% and 11.9%, respectively. The company generated $75.0 million in positive operating cash flows and repurchased $54.5 million in shares. Various strategic initiatives, including innovations and community events, contributed to these results. Looking ahead, JOYY aims to enhance product experience and drive sustainable growth.
JOYY (NASDAQ: YY) announced its unaudited financial results for Q1 2024. Net revenues were $564.6M, down from $583.6M in Q1 2023. Net income attributable to JOYY was $45.3M, up from $28.0M. Non-GAAP net income was $67.2M, compared to $49.9M in Q1 2023. Average mobile MAUs for Bigo Live, Likee, and Hago saw declines, while global MAUs slightly increased to 277.3M. The number of paying users grew to 1.67M. The company repurchased $54.5M worth of shares in Q1 2024. For Q2 2024, JOYY expects net revenues between $538M and $569M.
JOYY (NASDAQ: YY), a global technology company, announced it will release its Q1 2024 financial results on May 28, 2024, after the U.S. market closes.
A subsequent earnings conference call is scheduled for 9:00 PM U.S. Eastern Time on the same day, which corresponds to 9:00 AM Singapore/Hong Kong Time on May 29, 2024.
Participants are required to pre-register via a provided link to receive dial-in details and a unique PIN for access.
The live and archived webcast of the call will be available on JOYY's investor relations website.
The replay will be accessible until June 5, 2024.
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