JOYY Reports First Quarter 2024 Financial Results: Net Profit up 34.8% Year Over Year, BIGO Sustains Revenue Growth [Yahoo! Finance]
JOYY Inc. - American Depositary Shares (YY)
Last joyy inc. - american depositary shares earnings: 3/16 06:00 pm
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Source: Yahoo! Finance
During the first quarter, JOYY's revenue came in at US$564.6 million. The Company's core business segment BIGO continued its topline recovery trend, generating revenues of US$505 .2 million, a year-over-year increase of 8.0%. JOYY recorded net profit and non-GAAP net profit of US$ 45.3 million and US$67.2 million , with GAAP and non-GAAP net margins of 8.0% and 11.9%, respectively. The BIGO segment's net profit and non-GAAP net profit reached US$61.0 million and US$71.2 million , with GAAP and non-GAAP net profit margins of 12.1% and 14.1%, respectively. JOYY sustained its positive operating cash flows, generating US$75 .0 million in the first quarter. Mr. David Xueling Li , Chairman and Chief Executive Officer of JOYY, commented, "We are off to a good start in 2024, executing on our strategic priorities and delivering results that exceeded our expectations. During the quarter, BIGO maintained its topline recovery momentum, with its revenues increasing by 8.0% year over year, drive
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News
- Calculating The Fair Value Of JOYY Inc. (NASDAQ:YY) [Yahoo! Finance]Yahoo! Finance
- JOYY Inc. Announces the Results of the Repurchase Right Offer for its 1.375% Convertible Senior Notes due 2026GlobeNewswire
- JOYY First Quarter 2024 Earnings: EPS: US$0.76 (vs US$0.36 in 1Q 2023) [Yahoo! Finance]Yahoo! Finance
- JOYY Reports First Quarter 2024 Financial Results: Net Profit up 34.8% Year Over Year, BIGO Sustains Revenue GrowthPR Newswire
- JOYY Reports First Quarter 2024 Financial Results: Net Profit up 34.8% Year Over Year, BIGO Sustains Revenue GrowthPR Newswire
YY
Earnings
- 5/28/24 - Beat
YY
Sec Filings
- 6/14/24 - Form SC
- 5/31/24 - Form 144
- 5/31/24 - Form 144
- YY's page on the SEC website