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.

YY remains a tale of two halves, with strength at Bigo offsetting declines at YY Core.

JOYY: An Underappreciated Growth Story

JOYY has built a global video-based online platform that has seen an explosion of user growth and engagement recently. In contrast, JOYY’s market valuation has remained tepid.

JOYY - The Future No.1 Online Video Entertainment Platform In Asia, Strong Upside Ahead

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The Chinese social media specialist reported second-quarter earnings.

Why JOYY Stock Rose Today

JOYY Inc. (YY) CEO David Xueling Li on Q2 2020 Results - Earnings Call Transcript

GUANGZHOU, China, Aug.  13, 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 second quarter of 2020. 

JOYY Reports Second Quarter 2020 Unaudited Financial Results

Joyy (NASDAQ: YY) shares are trading higher on Monday after the company announced it sold 30 million shares of Huya to Tencent for $810 million in cash.

Why Joyy's Stock Is Trading Higher Today

GUANGZHOU, China, July  30, 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 that it plans to release its second quarter 2020 financial results after the U.S. market closes on Wednesday, August 12, 2020.

JOYY to Announce Second Quarter 2020 Financial Results on August 12, 2020

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Management revealed that Bigo Live had far more potential than we originally believed, with potential revenue.

JOYY Inc.: Be Patient

JOYY Inc. (YY) CEO David Xueling Li on Q1 2020 Results - Earnings Call Transcript

JOYY (YY) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Why Earnings Season Could Be Great for JOYY (YY)

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YY vs. ZS: Which Stock Is the Better Value Option?

YY vs. ZS: Which Stock Should Value Investors Buy Now?

GUANGZHOU, China, April  27, 2020  (GLOBE NEWSWIRE) -- JOYY Inc. (Nasdaq: YY) (“JOYY” or the “Company”), a global social media platform, today announced that it filed its annual report on Form 20-F for the fiscal year ended December 31, 2019 with the Securities and Exchange Commission on April 27, 2020. The annual report can be accessed on the Company’s investor relations website at http://ir.yy.com. The Company will provide a hard copy of its annual report containing the audited consolidated financial statements, free of charge, to its shareholders and ADS holders upon request. Requests should be directed to the Company’s Investor Relations Department, JOYY Inc., Building B-1, North Block of Wanda Plaza, No. 79 Wanbo 2nd Road, Panyu District, Guangzhou 511442, the People's Republic of China.  About JOYY Inc.  JOYY Inc. is a global social media platform. The Company’s highly engaged users contribute to a vibrant social community by creating, sharing, and enjoying a vast range of entertainment content and activities. JOYY enables users to interact with each other in real time through online live media and offers users a uniquely engaging and immersive entertainment experience. JOYY owns YY Live, a leading live streaming social media platform in China, and holds non-controlling interests in Huya, a leading game live streaming platform in China. In addition, JOYY Inc. completed the acquisition of Bigo in March 2019. Bigo is a fast-growing global tech company. Headquartered in Singapore, Bigo owns Bigo Live, a leading global live streaming platform outside China; Likee, a leading global short-form video social platform; imo, a global video communication app, and other social applications. JOYY has created an online community for global video and live streaming users. JOYY Inc. was listed on the NASDAQ in November 2012.  Investor Relations Contact:  JOYY Inc. Matthew Zhao Maggie Yan Tel: +86 (20) 8212-0000 Email: IR@YY.com ICR, Inc. Jack Wang Tel: (+1) 646 915-1611 Email: IR@YY.com

JOYY Inc. Filed 2019 Annual Report on Form 20-F

HUYA Inc - ADR

Tencent Holdings Limited

China’s biggest gaming publisher takes over its top game-streaming platform.

Tencent Gains Control of Huya: What Does This Mean for JOYY?

JOYY: Momentum Slowing, But Still Undervalued

JOYY (YY) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.

How JOYY (YY) Stock Stands Out in a Strong Industry

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GUANGZHOU, China, April  03, 2020  (GLOBE NEWSWIRE) -- JOYY Inc. (Nasdaq: YY) (“JOYY” or the “Company”), a global social media platform, today announced that, JOYY has transferred 16,523,819 Class B ordinary shares of HUYA Inc. (NYSE: HUYA) (“Huya”), a leading game live streaming platform in China, to Linen Investment Limited, a wholly-owned subsidiary of Tencent Holdings Limited (“Tencent”) for an aggregate purchase price of approximately US$262.6 million in cash, pursuant to Tencent’s exercise of its option to purchase additional shares of Huya from JOYY. The purchase price was determined based on the average closing prices of Huya’s American depositary shares in the last 20 trading days prior to the receipt of Tencent’s written exercise notice by JOYY and Huya in accordance with Huya’s second amended and restated shareholders agreement dated March 8, 2018. As a result of the closing of the share transfer, Tencent increased its voting power in Huya to 50.1% on a fully-diluted basis, or 50.9% calculated based on the total issued and outstanding shares of Huya, and will consolidate financial statements of Huya. Immediately after the share transfer, JOYY held 68,374,463 Class B ordinary shares of Huya, representing approximately 43.0% of the total voting power calculated based on the total issued and outstanding shares of Huya.

JOYY Inc. Announces Transfer of Shares of HUYA Inc. to Tencent

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

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