JOYY Reports Net Profit of US$60.6 Million, Share Buybacks Surpass US$117.8 Million in Q3 [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
For the third quarter, JOYY's revenue reached US$558 .7 million, while the Company's core business segment, BIGO, generated revenues of US$496 .0 million. JOYY's GAAP and non-GAAP operating income [1] were US$16.4 million and US$34 .9 million, respectively, up by 623.5% and 16.4% on a quarterly basis. JOYY recorded a net profit and non-GAAP net profit [1] of US$60 .6 million and US$61 .2 million, for a GAAP and non-GAAP net margin [1] of 10.8% and 10.9%, respectively. BIGO's GAAP and non-GAAP operating income [1] reached US$62.7 million and US$72 .9 million, respectively, marking sequential increases of 8.2% and 5.0%. The Company sustained its positive operating cash flows, generating US$61 .1 million in the third quarter. During the third quarter, JOYY actively advanced shareholder returns by buying back an additional US$117 .8 million worth of its shares. During the first three quarters of 2024, the Company has repurchased 7.31 million of its ADSs for a total of US$243.7 million
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News
- JOYY in talks with Apple over reinstatement of Bigo Live [Seeking Alpha]Seeking Alpha
- JOYY Inc (YY) Q3 2024 Earnings Call Highlights: Strong Non-GAAP Profit Growth Amid Revenue ... [Yahoo! Finance]Yahoo! Finance
- JOYY Reports Net Profit of US$60.6 Million, Share Buybacks Surpass US$117.8 Million in Q3PR Newswire
- JOYY Reports Net Profit of US$60.6 Million, Share Buybacks Surpass US$117.8 Million in Q3PR Newswire
- JOYY Reports Third Quarter 2024 Unaudited Financial Results [Yahoo! Finance]Yahoo! Finance
YY
Earnings
- 11/26/24 - Beat
YY
Sec Filings
- 12/20/24 - Form 6-K
- 11/27/24 - Form 6-K
- 11/14/24 - Form SC
- YY's page on the SEC website