Joyy Inc Stock Price, News & Analysis

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JOYY Inc. (Nasdaq: YY) announced the opportunity for holders of its 0.750% Convertible Senior Notes due 2025 to exercise a Repurchase Right. This option allows holders to require the company to repurchase notes for cash on June 15, 2023. Holders can exercise this right starting May 12, 2023, and it will expire on June 13, 2023. The total outstanding principal amount of the 2025 Notes is US$432,232,000. If all notes are repurchased, JOYY will pay this amount plus any accrued and unpaid interest. This press release highlights the company's compliance with SEC requirements while providing necessary documentation and procedures for the repurchase.

JOYY Inc. (NASDAQ: YY) reported its 2022 financial results, achieving total revenues of US$2.412 billion and fourth-quarter revenues of US$604.9 million. The company marked its second consecutive year of profitability with a net income of US$128.9 million and a non-GAAP net income of US$199.3 million, up 83% year-over-year. Despite declining fourth-quarter revenues compared to last year, user growth surged, particularly on Bigo Live, which saw an increase of 14.3% in MAUs. In 2022, JOYY repurchased US$138.1 million in shares and paid US$145.9 million in dividends, demonstrating its commitment to shareholder value.

JOYY Inc. (NASDAQ: YY) announced its Q4 and full-year 2022 financial results on March 16, 2023. Q4 net revenues were US$604.9 million, down from US$663.7 million in Q4 2021. The company reported a net loss of US$377.5 million compared to a net income of US$73.2 million in the previous year, largely due to an impairment loss from an equity method investment. Full-year revenues totaled US$2,411.5 million, a decrease from US$2,619.1 million in 2021. However, net income improved to US$128.9 million, reversing a net loss of US$115.9 million in 2021. The company maintained a strong cash position of US$4.29 billion as of year-end.

JOYY Inc. (NASDAQ: YY) has announced its plans to release fourth quarter and full year 2022 financial results on March 15, 2023, after U.S. market close. An earnings conference call will follow at 9:00 PM ET on the same day, where management will discuss the financial performance. Investors can pre-register for the call and gain access to a live and archived webcast on the company's investor relations website. JOYY operates various social products, including Bigo Live and Likee, and aims to connect users through interactive video experiences. The company was listed on NASDAQ in November 2012.

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JOYY Inc. (NASDAQ: YY) reported its Q3 2022 financial results with total net revenues of US$586.7 million, driven by BIGO's revenues of US$483.3 million. Non-GAAP net income reached US$76.9 million, marking a substantial increase from US$35.1 million in Q3 2021. BIGO's non-GAAP net income for the first three quarters surged 193.3% year-over-year to US$230.4 million. MAUs for Bigo Live hit a record 35.4 million, a 14.2% increase year-over-year. The company emphasized its commitment to long-term growth and operational efficiency amidst macroeconomic challenges.

JOYY Inc. (NASDAQ: YY) reported its Q3 2022 financial results, with net revenues of US$586.7 million, down from US$650.5 million in Q3 2021. However, net income surged to US$515.3 million from US$7.5 million year-over-year. Non-GAAP net income rose to US$76.9 million, reflecting improved operational efficiency. Notably, Bigo Live's mobile MAUs increased by 14.2% to 35.4 million, while Likee and Hago saw declines in user engagement. The average revenue per paying user decreased to US$259.8, down from US$307.9.

JOYY Inc. (NASDAQ: YY) plans to release its third quarter 2022 financial results on November 28, 2022, after U.S. market close. An earnings conference call will follow at 9:00 PM U.S. Eastern Time. All participants are encouraged to pre-register for access to dial-in numbers and codes. JOYY operates globally with platforms like Bigo Live and Likee, aiming to enhance social interaction through video. The company has cultivated a vibrant user community.