JOYY Reports Fourth Quarter and Full Year 2024 Unaudited Financial Results
JOYY Inc. - American Depositary Shares (YY)
Last joyy inc. - american depositary shares earnings: 3/16 06:00 pm
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Source: GlobeNewswire
SINGAPORE, March 20, 2025 (GLOBE NEWSWIRE) -- JOYY Inc. (NASDAQ: YY) (“JOYY” or the “Company”), a global technology company, today announced its unaudited financial results for the fourth quarter and full year of 2024. Fourth Quarter 2024 Financial Highlights1 Net revenues were US$549.4 million, compared to US$569.8 million in the corresponding period of 2023.Net loss attributable to controlling interest of JOYY2 was US$304.1 million, compared to net income of US$45.8 million in the corresponding period of 2023. This result includes the impact of a US$454.9 million non-cash goodwill impairment charge. Adjusted for this particular non-cash impact, net income excluding goodwill impairment attributable to controlling interest of JOYY3 was US$71.1 million.Non-GAAP net income attributable to controlling interest and common shareholders of JOYY4 was US$96.1 million, compared to US$64.2 million in the corresponding period of 2023. Full Year 2024 Highlights Net revenues were US$2,237.8
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