JOYY, Inc. engages in managing a communication social platform, which enables users to join real-time online group activities through voice, text, and video. Its services include music and entertainment, online games, online dating, live game broadcasting, online education, and advertising. It operates through following segments: Live Streaming, Online Games, Membership and Others. The Live Streaming segment engages in the sales of in-channel virtual items used on live streaming platforms, including YY Live platform and Huya platform. The Online Games segment engages in the sales of in-game virtual items used for games. The Membership segment engages in the collection of membership subscription fees. The Others segment engages in the online education platform and online advertising and promotion. The company was founded by Xueling Li and Jun Lei in April 2005 and is headquartered in Singapore.

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JOYY Inc. reports strong Q4 earnings, poised for strategic growth

JOYY Inc. delivered robust financial results in Q4 2022, driven by revenue growth from key platforms and a focus on sustainable profitability.
The company's strategic initiatives, strong financial position, and user growth trends position it well for future growth and value creation.
While challenges exist in a dynamic market environment, JOYY Inc. has opportunities to capitalize on its strengths, drive innovation, and navigate industry challenges effectively.

JOYY Inc. surpasses Q1 revenue targets, focuses on user growth

JOYY Inc.'s Q1 performance exceeded expectations, with strong revenue growth and profitability driven by user base expansion and technological advancements.
While facing challenges in maintaining growth momentum, the company is strategically focusing on core strengths, user engagement, and revenue diversification.
Opportunities lie in leveraging AI technology, expanding paying user bases, and driving profitability through strategic initiatives and user-centric approaches.

JOYY Inc. exceeds revenue guidance, focuses on user engagement

JOYY Inc.'s Q2 2023 earnings call showcased strong financial performance, user growth, and operational improvements across its segments. While challenges in sustaining growth and achieving profitability persist, the company's strategic focus on innovation and user engagement presents promising opportunities for future expansion and success.

JOYY Inc. posts robust Q3 results, eyes sustained growth strategies

JOYY Inc. reported strong financial results in Q3 2023, driven by revenue growth and improved profitability. The company's focus on user engagement, operational efficiency, and shareholder returns positions it well for future growth.

YY reports Q4 revenue growth, focuses on shareholder returns

YY's Q4 2023 performance showed revenue growth and user base expansion, with a focus on shareholder returns and strategic priorities for 2024. Despite revenue challenges, the company's emphasis on product updates and monetization models positions it for future growth and efficiency.

JOYY Inc. reports solid Q1 earnings, eyes growth opportunities

JOYY Inc.'s Q1 2024 performance reflects strong financial metrics, improved profitability, and a focus on shareholder value. The company's strategic initiatives aim to drive growth, enhance operational efficiency, and adapt to market changes, presenting opportunities for expansion and optimization.

YY reports strong Q2 earnings, eyes sustainable growth in Q3

YY's Q2 2024 performance reflects growth in revenue and net profit, with positive trends in user metrics and advertising revenue. While leadership transition and market competition pose challenges, the company's focus on efficiency and growth outlook provide opportunities for expansion.

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JOYY, Inc. engages in managing a communication social platform, which enables users to join real-time online group activities through voice, text, and video. Its services include music and entertainment, online games, online dating, live game broadcasting, online education, and advertising. It operates through the BIGO and All Other segments. The BIGO segment includes revenues from social entertainment platforms, including Bigo Live, Likee, and imo. The All Other segment represents the Huya and YY Live transactions and the elimination from historical segment results of both discontinued businesses as reportable segments. The company was founded by Xueling Li and Jun Lei in April 2005 and is headquartered in Singapore.

GUANGZHOU, China, Nov. 20, 2020 (GLOBE NEWSWIRE) -- JOYY Inc. (Nasdaq: YY) (“JOYY” or the “Company”), a global video-based social media platform, today announced that, in order to further demonstrate the Company's solid cash balance and the ability to consistently generate strong cash flow, in addition to the quarterly dividend policy previously approved by the Company's board of directors in August 2020, the Company's board of directors approved an additional quarterly dividend policy for the next three years commencing immediately. Under such policy, the total cash dividend amount expected to be paid will be approximately US$200.0 million and quarterly dividend will be set at a fixed amount of approximately US$16.67 million in each fiscal quarter. The board of directors has accordingly declared a dividend of US$0.20 per ADS, or US$0.0100 per common share, which is expected to be paid on December 23, 2020 to shareholders of record as of the close of business on December 11, 2020. The ex-dividend date will be December 10, 2020. Under the policy, the board of directors of the Company reserves the discretion relating to the determination to make dividend distributions and the amount of such distributions in any particular quarter, depending on the Company's operations and earnings, cash flow, financial condition and other relevant factors.

JOYY Inc. Announces Additional Quarterly Cash Dividend

BENSALEM, Pa.--(BUSINESS WIRE)---- $YY #classaction--INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation of JOYY Inc. (YY) on Behalf of Investors

INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation of JOYY Inc. (YY) on Behalf of Investors

LOS ANGELES--(BUSINESS WIRE)---- $JOYY #classaction--The Law Offices of Frank R. Cruz announces an investigation of JOYY, Inc. (“JOYY” or the “Company”) (NASDAQ: YY) on behalf of investors concerning the Company's possible violations of federal securities laws. If you are a shareholder who suffered a loss, click here to participate. On November 18, 2020, Muddy Waters Research published a report entitled "YY: You Can't Make This Stuff Up. Well…Actually You Can,” alleging that the Company "is a multibillion-dollar frau

The Law Offices of Frank R. Cruz Announces Investigation of JOYY Inc. (YY) on Behalf of Investors

LOS ANGELES--(BUSINESS WIRE)---- $YY #classaction--Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm, Announces Investigation of JOYY Inc. (YY) on Behalf of Investors

Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm, Announces Investigation of JOYY Inc. (YY) on Behalf of Investors

The Chinese social media company pushes back on fraud allegations from a short seller.

Why JOYY Stock Bounced Back Today

Shares of YY stock are rebounding on Thursday after JOYY refuted the Muddy Waters report of the JOYY livestreaming platform being fraudulent. The post JOYY Update: What's Going on With YY Stock This Week?

JOYY Update: What's Going on With YY Stock This Week?

NEW YORK, Nov. 19, 2020 /PRNewswire/ -- Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of JOYY Inc. (NASDAQ: YY) resulting from allegations that JOYY may have issued materially misleading business...

ROSEN, A LEADING AND LONGSTANDING FIRM, Announces Investigation of Securities Claims Against JOYY Inc. - YY

Chinese social media platform Joyy on Thursday tried to fend off an attack by short-seller Muddy Waters, saying a report that sent its share price plunging was full of "errors, unsubstantiated statements, and misleading conclusions."

Joyy rejects short-seller fraud claim that sent its shares plunging

LOS ANGELES--(BUSINESS WIRE)---- $YY #JOYY--ONGOING INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against JOYY Inc.

ONGOING INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against JOYY Inc. and Encourages Investors with Losses of $100,000 to Contact the Firm

Shares of JOYY Inc. bounced 13.5% in premarket trading Thursday, after the China-based social media company issued a statement refuting a bearish report from short seller Muddy Waters that prompted a plunge in the previous session. "Yesterday, Muddy Waters issued a short seller report on JOYY, causing anxiety and market disturbance, leading to abnormal share price movements," the company said in a statement.

JOYY's stock bounces after company refutes short-seller report that prompted a price plunge

GUANGZHOU, China, Nov. 19, 2020 (GLOBE NEWSWIRE) -- JOYY Inc. (Nasdaq: YY) (“JOYY” or the “Company”), a global video-based social media platform, today issued the following statement in response to allegations made in a report by Muddy Waters.

JOYY Refutes Muddy Waters' Report

SAN FRANCISCO, Nov. 18, 2020 /PRNewswire/ -- Hagens Berman urges JOYY Inc. (NASDAQ: YY) investors with significant losses to submit your losses now. The firm is investigating possible securities law violations and certain investors may have valuable claims. Relevant Holding Period: Before...

JOYY INVESTOR ALERT: Hagens Berman, National Trial Attorneys, Encourages JOYY Inc. (YY) Investors with Losses to Contact Its Attorneys Now, Firm Investigating Potential Securities Fraud

Baidu

Baidu, Inc. (NASDAQ: BIDU) — a leading search engine, knowledge and information centered Internet platform and AI company — announced it entered into a definitive agreement with JOYY to buy its domestic video-based entertainment live streaming business in China. The post Why Baidu (BIDU) Is Buying JOYY's Domestic Live Streaming Business For About $3.6 Billion appeared first on Pulse 2.0.

Why Baidu (BIDU) Is Buying JOYY's Domestic Live Streaming Business For About $3.6 Billion

Los Angeles, California--(Newsfile Corp. - November 18, 2020) - The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of JOYY Inc. ("JOYY" or "the Company") (NASDAQ: YY) for violations of the securities laws.The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. JOYY is the subject of a report by Muddy Waters Research released...

INVESTIGATION REMINDER: The Schall Law Firm Announces it is Investigating Claims Against JOYY Inc. and Encourages Investors with Losses of $100,000 to Contact the Firm

New York, New York--(Newsfile Corp. - November 18, 2020) - Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of JOYY Inc. (NASDAQ: YY) resulting from allegations that JOYY may have issued materially misleading business information to the investing public.On November 18, 2020, Muddy Waters Research published a report entitled "YY: You Can't Make This Stuff Up. Well…Actually You Can[.]" The Muddy Waters report...

Rosen, A Global and Leading Law Firm, Announces Investigation of Securities Claims Against JOYY Inc.; Encourages Investors with Losses Over $100K to Seek Counsel - YY

Securities Litigation Partner James Wilson Encourages Investors Who Suffered Losses Exceeding $50,000 In JOYY Inc. To Contact Him Directly To Discuss Their OptionsNew York, New York--(Newsfile Corp. - November 18, 2020) -  Faruqi & Faruqi, LLP, a leading minority and certified woman-owned national securities law firm, is investigating potential claims against JOYY Inc. ("JOYY" or the "Company") (NASDAQ:YY).On November 18, 2020, Muddy Waters Research published a report entitled "YY: You Can't Make This Stuff Up. Well...Actually You Can" (the "Report"). The Rep

JOYY Investor Alert

LOS ANGELES--(BUSINESS WIRE)---- $JOYY #JOYY--INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against JOYY Inc.

INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against JOYY Inc. and Encourages Investors with Losses of $100,000 to Contact the Firm

NEW YORK--(BUSINESS WIRE)--Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of JOYY Inc. (NASDAQ: YY) resulting from allegations that JOYY may have issued materially misleading business information to the investing public. On November 18, 2020, Muddy Waters Research published a report entitled “YY: You Can't Make This Stuff Up. Well…Actually You Can[.]” The Muddy Waters report described a series of issues invo

TOP RANKED GLOBALLY RECOGNIZED ROSEN LAW FIRM, Commences Investigation of Securities Claims Against JOYY Inc. Seeking Recovery of Investor Losses; Encourages Investors with Losses Over $100K to Seek Counsel – YY

Shares of Chinese streaming company Joyy Inc (NASDAQ: YY) fell sharply following a new Muddy Waters report. What Happened: A short report from Muddy Waters titled “You can't make this stuff up.

Joyy Plummets On Muddy Waters Short Report, Fraud Claims

JOYY has recently sold its Chinese business to Baidu, marking its transformation into a global social media company. With over $6 billion in cash on the balance sheet, JOYY can now accelerate growth of Bigo's apps and expand into other complementary areas.

JOYY Inc.: Recent Sale Of Chinese Business Is A Major Positive

The Chinese social media specialist reported third-quarter results and a major deal with Baidu.

Why JOYY Stock Jumped Today

JOYY's (YY) CEO David Xueling Li on Q3 2020 Results - Earnings Call Transcript

Baidu said on Monday it is acquiring Joyy's live streaming service YY Live in China for $3.6 billion in an all-cash deal as the Chinese internet giant makes further push to diversify beyond its core search business. The announcement, which Baidu shared on the sidelines of its quarterly earnings, is the Chinese firm's biggest foray […]

Baidu to acquire Joyy's Chinese live streaming service YY for $3.6B

GUANGZHOU, China, Nov. 17, 2020 (GLOBE NEWSWIRE) -- JOYY Inc. (NASDAQ: YY) (“JOYY” or the “Company”, formerly known as YY Inc.), a global video-based social media platform, today announced its unaudited financial results for the third quarter of 2020. 

JOYY Reports Third Quarter 2020 Unaudited Financial Results

Chinese search engine giant Baidu Inc said on Monday it would acquire JOYY Inc's video-based entertainment live streaming business in China for about $3.6 billion in cash.

News for YY Stock (YY)