YY Inc.: Bear Case Now Obsolete [Seeking Alpha]
JOYY Inc. - American Depositary Shares (YY)
Last joyy inc. - american depositary shares earnings: 3/16 06:00 pm
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US:NASDAQ Investor Relations:
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Source: Seeking Alpha
YY Inc.: Bear Case Now Obsolete Summary YY's bear case is now obsolete as short form video users continue to grow. YY's valuation is extremely cheap compared to even beaten down Chinese peers. Management has launched a $300 million buyback program, which should help increase shareholder value. For many months, investors have been fearful of YY Inc. ( pointed out Well, in its Q2 earnings report, YY not only dispelled this bear case but management also became much more shareholder friendly, launching a $300 million share buyback program at 52-week lows. This helps mitigate the key risk we described in this article Q2 has made the bear case obsolete Q2 looked decent to us. Revenue growth continued to outpace expectations as apps from Bigo continued to grow both sequentially and YOY. Although live streaming experienced fairly slow growth, growth in short form video helped push up MAU growth significantly. "Average mobile MAUs of global short-form video services increased by 431.2% to 90.3
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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 Q3 [Yahoo! Finance]Yahoo! Finance
- JOYY Reports Net Profit of US$60.6 Million, Share Buybacks Surpass US$117.8 Million in Q3PR Newswire
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