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) announced its Q1 2021 financial results, reporting a net revenue increase of 88.1% to US$643.1 million, driven largely by BIGO's performance. The net loss attributable to controlling interest rose to US$87.3 million while non-GAAP net loss decreased by 62.7% to US$24.1 million. The company experienced a 15.1% drop in global mobile MAUs primarily due to regulatory challenges in India. Looking ahead, JOYY forecasts Q2 2021 revenues between US$645 million and US$663 million, reflecting a year-over-year growth of 36.2% to 40.0%.
JOYY Inc. (NASDAQ: YY) has announced its plans to release financial results for the first quarter of 2021 after the U.S. market closes on May 27, 2021. The earnings conference call will occur at 9:00 PM U.S. Eastern Time on the same date. Due to COVID-19, all participants must register online to receive dial-in details. JOYY Inc. operates various platforms, including Bigo Live and Likee, aimed at enriching user interaction through video content.
GUANGZHOU, China, April 29, 2021 - JOYY Inc. (NASDAQ: YY) filed its annual report on Form 20-F for the fiscal year ended December 31, 2020, with the SEC on April 28, 2021. The report, which can be accessed on JOYY's investor relations website, provides audited consolidated financial statements for the year. Shareholders and ADS holders can request a hard copy of the report free of charge. JOYY is a leading global video-based social media platform offering services such as Bigo live, Likee, and Hago, aiming to enrich user experiences through real-time interaction.
JOYY Inc. (NASDAQ: YY) reported a 77.5% increase in net revenues for Q4 2020, totaling RMB3,783.5 million (US$579.9 million), driven by strong growth in live streaming. Despite this, the company recorded a net loss of RMB791.9 million (US$121.4 million). For the full year, revenues climbed 112.1% to RMB13,230.9 million (US$2,027.7 million), with a significant reduction in net loss to RMB105.1 million (US$16.1 million). Looking ahead, JOYY expects Q1 2021 revenues between US$590 million and US$605 million, indicating year-over-year growth of 72.5% to 76.9%.
JOYY Inc. (NASDAQ: YY) announced plans to release its fourth quarter and full year 2020 financial results on March 25, 2021, after U.S. market close. The company will host an earnings conference call at 9:00 PM U.S. Eastern Time on the same day. Due to COVID-19, participants must register online to join the call. JOYY operates several platforms, including Bigo Live and Likee, enhancing user interaction through video and live media.
JOYY Inc. (NASDAQ: YY) announced its 2020 annual general meeting scheduled for December 18, 2020, at 2:00 p.m. in Guangzhou, China. No proposals will be presented for approval; instead, the meeting will be a platform for shareholders to engage with management. The record date is set for November 30, 2020, determining eligible shareholders for notice of the meeting. The company's annual report, including audited financials for 2019, is available on its investor relations website and the SEC’s site.
JOYY Inc. (Nasdaq: YY) announced a new quarterly dividend policy, projecting approximately US$200 million in total dividends over the next three years. The board declared a dividend of US$0.20 per ADS, payable on December 23, 2020, to shareholders of record by December 11, 2020. The ex-dividend date is December 10, 2020. This follows the previously announced total cash dividend of US$0.51 per ADS for Q3 2020, aggregating to around US$41.67 million, funded by surplus cash. This strategy underscores JOYY's robust cash flow and financial health.
JOYY Inc. (Nasdaq: YY) responded to accusations from Muddy Waters regarding its financial accuracy. The company claims the report is filled with errors and misunderstandings about the live streaming sector in China. JOYY asserts its solid cash flow and has a US$300 million dividend policy, with US$25 million already distributed in 2020. Its acquisition of BIGO has resulted in significant revenue growth, with BIGO’s revenue rising from US$181 million in Q2 2019 to US$490 million in Q3 2020. JOYY remains committed to its share repurchase program, demonstrating confidence in its future prospects.
JOYY Inc. (NASDAQ: YY) reported strong third-quarter 2020 results with net revenues climbing 36.1% to RMB6,286.4 million (US$925.9 million), driven by growth in the Bigo segment. Net income surged to RMB2,303.2 million (US$339.2 million), largely due to gains from the partial divestment of Huya. However, global average mobile MAUs fell 4.0% to 390.1 million, impacted by the Indian government's restrictions on Chinese apps. The company anticipates further growth in live streaming and video content, with a strategic acquisition by Baidu expected to enhance YY Live's growth trajectory.
JOYY Inc. has agreed to sell its domestic video-based entertainment live streaming business, YY Live, to Baidu for approximately US$3.6 billion in cash. This transaction is aimed at enhancing YY Live's growth by integrating it into Baidu's extensive mobile internet ecosystem, which boasts over 200 million daily active users. The deal is expected to close in the first half of 2021, pending certain conditions. JOYY's CEO highlighted that this move will leverage Baidu’s traffic to optimize monetization capabilities and drive business expansion.
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