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JOYY Inc (NYSE: YY) is a global leader in social entertainment technology, powering immersive live streaming experiences and interactive communities. This page provides investors and industry observers with centralized access to official announcements, financial updates, and strategic developments directly from JOYY Inc and verified sources.
Key Resources: Track earnings releases, leadership updates, product launches, and partnership announcements. Stay informed about technological innovations in live streaming infrastructure and community engagement tools that drive JOYY's global operations.
Content Types Include: Quarterly financial results, mergers & acquisitions activity, platform feature updates, and regulatory filings. Discover how JOYY's AI-driven personalization and cross-border social ecosystems shape its market position.
Bookmark this page for real-time updates on JOYY's initiatives in digital content creation, virtual goods economies, and international market strategies. Always verify investment decisions through multiple authoritative sources.
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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