JOYY Reports Second Quarter 2024 Financial Results: Total Revenues up 3.3% Year Over Year, BIGO Achieves Fourth Consecutive Quarter of 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 second quarter, JOYY's revenue came in at US$565.1 million , a year-over-year increase of 3.3%. The Company's core business segment BIGO continued its topline recovery trend for the fourth consecutive quarter, generating revenues of US$507 .2 million, a year-over-year increase of 7.7%. JOYY recorded net profit and non-GAAP net profit [1] of US$52.1 million and US$74 .0 million, representing sequential increases of 15.0% and 10.2%, respectively. The Company sustained its positive operating cash flows, generating US$71.1 million in the second quarter. JOYY continued to advance shareholder returns in the second quarter by repurchasing an additional 2.3 million ADS for a total consideration of US$71.4 million Ms. Ting Li , Chairperson and Chief Executive Officer of JOYY, commented, "In the second quarter, we continued to build on our growth momentum, delivering solid results. BIGO revenue reached US$507 .2 million, a 7.7% year-over-year increase, marking the fourth consecu
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News
- JOYY Inc. (NASDAQ: YY) had its price target raised by analysts at JPMorgan Chase & Co. from $30.00 to $35.00. They now have a "neutral" rating on the stock.MarketBeat
- JOYY Had A Sneaky Good Q2 [Seeking Alpha]Seeking Alpha
- JOYY Inc. (NASDAQ: YY) had its "hold" rating re-affirmed by analysts at Benchmark Co..MarketBeat
- JOYY Inc (YY) Q2 2024 Earnings Call Transcript [Seeking Alpha]Seeking Alpha
- JOYY Reports Second Quarter 2024 Financial Results: Total Revenues up 3.3% Year Over Year, BIGO Achieves Fourth Consecutive Quarter of GrowthPR Newswire
YY
Earnings
- 8/27/24 - Beat
YY
Sec Filings
- 9/5/24 - Form 144
- 9/5/24 - Form 144
- 8/28/24 - Form 6-K
- YY's page on the SEC website