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. reports recurring developments around its global technology business, with operating updates centered on BIGO, Bigo Live, live-streaming activity, advertising revenue, content costs, user acquisition spending and platform engagement. Company news also covers quarterly and annual financial results, operating margins, cash flow, goodwill impairment charges and management commentary on revenue trends.
JOYY updates also include shareholder-return actions such as ADS repurchases and dividend policies, as well as completed corporate actions including the sale of YY Live, the video-based entertainment live streaming business in mainland China previously owned by the company.
JOYY Inc. (NASDAQ: YY) plans to release its third quarter 2020 financial results after U.S. market closes on November 16, 2020. An earnings conference call is scheduled for 9:00 PM ET on the same day. Participants must pre-register to receive dial-in instructions due to COVID-19 restrictions on operator-assisted calls. JOYY operates a global video-based social media platform, including YY Live in China and Bigo Live, acquired in March 2019, enhancing its entertainment and live streaming presence.
JOYY Inc. (NASDAQ: YY) reported a strong financial performance for Q2 2020, with net revenues rising by 36.3% to RMB5,840.1 million (US$826.6 million), fueled by Bigo's live streaming growth. Net income from continuing operations surged to RMB619.4 million (US$87.7 million), compared to a net loss last year, primarily due to fair value gains from investments. Mobile MAUs increased by 21% to 457.1 million, with Likee's users growing 86.2%. However, YY's paying users decreased by 2.2%. The company plans to invest further in its dual-growth strategy despite COVID-19 challenges.
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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