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.

SINGAPORE, March 07, 2024 (GLOBE NEWSWIRE) -- JOYY Inc. (NASDAQ: YY) (“JOYY” or the “Company,” formerly known as YY Inc.), a global technology company, today announced that it plans to release its fourth quarter and full year 2023 financial results after the U.S. market closes on March 18, 2024.

JOYY to Announce Fourth Quarter and Full Year 2023 Financial Results on March 18, 2024

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JOYY should get a payout from Baidu for YY Live's profits while it was in Baidu's control. That could be $700 million. JOYY could spin off YY Live for $500 million. The vast majority of JOYY's business is outside of China. BIGO is generating cash offshore and growing. Bigo Live has been adding users steadily. Shopline is a hidden venture investment JOYY made 4 years ago and last year. JOYY's stake is worth $800 million based on my estimate.

JOYY Is A Buy Despite YY Live Deal Cancelation

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BIDU stock was trading lower Tuesday, after Baidu called off a $3.6 billion acquisition of Joyy's China livestreaming unit.

Baidu Calls Off $3.6 Billion Deal For Joyy's China Livestreaming Business; BIDU, YY Stocks Fall

Joyy Inc.'s stock YY, +0.81% fell 11% in premarket trade Tuesday, after the Singapore-based live-streaming platform said Baidu Inc. BIDU, +1.08% has cancelled its $3.6 billion bid for the company. Baidu said in a regulatory filing that the closing conditions for the all-stock agreement had yet to be fully satisfied.

Joyy's stock slides 11% after Baidu cancels $3.6 billion all-stock acquisition

Billionaire Robin Li's Baidu has scrapped its three-year-long bid to acquire Joyy's Chinese live-streaming platform, YY Live, for $3.6 billion in cash, as regulators maintain a chokehold on the country's online entertainment sector.

Baidu Scraps $3.6 Billion Deal With Joyy For Chinese Live-Streaming Service YY Live

SINGAPORE, Jan. 01, 2024 (GLOBE NEWSWIRE) -- JOYY Inc. (NASDAQ: YY) (“JOYY” or the “Company,” formerly known as YY Inc.), a global technology company, announced that the Company received a written notice (the “Notice”) from an affiliate of Baidu, Inc. (“Baidu”) today purporting to terminate the Share Purchase Agreement, dated November 16, 2020 (as subsequently amended or supplemented, the “Share Purchase Agreement”), pursuant to which Baidu would acquire JOYY's domestic video-based entertainment live streaming business (“YY Live”). While the sale of YY Live to Baidu was substantially completed on February 8, 2021, with certain matters remaining to be completed in the future, Baidu asserted in the Notice that it has and exercised the right to terminate the Share Purchase Agreement and effectively cancel the transaction. The Company is seeking legal advice and will consider all options at its disposal in response to the Notice. The Company expressly reserves all rights.

JOYY Announces Latest Development in Sale of YY Live

Chinese tech giant Baidu on Monday said it had terminated its share purchase agreement with Nasdaq listed JOYY Inc, according to a Hong Kong stock exchange filing.

Baidu terminates purchase of JOYY's live streaming business

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JOYY Inc. (NASDAQ:YY ) Q3 2023 Earnings Conference Call November 29, 2023 9:00 PM ET Company Participants Jane Xie - Senior Manager, Investor Relations David Xueling Li - Chairman and CEO' Ting Li - Chief Operating Officer Alex Liu - Vice President, Finance Conference Call Participants Thomas Chong - Jefferies Brian Gong - Citi Yiwen Zhang - China Renaissance Lei Zhang - Bank of America Securities Operator Ladies and gentlemen, thank you for standing by. And welcome to the JOYY Incorporates' Third Quarter 2023 Earnings Call.

JOYY Inc. (YY) Q3 2023 Earnings Call Transcript

SINGAPORE , Nov. 29, 2023 /PRNewswire/ -- JOYY Inc. (NASDAQ: YY) ("JOYY" or the "Company"), a global leading technology company, announced its unaudited financial results for the third quarter of 2023. During the third quarter of 2023, JOYY's total revenues rose 3.6% sequentially to US $567.1 million.

JOYY Reports Third Quarter 2023 Results: Profitability Sustains, BIGO Regains Revenue Growth

SINGAPORE, Nov. 30, 2023 (GLOBE NEWSWIRE) -- JOYY Inc. (NASDAQ: YY) (“JOYY” or the “Company,” formerly known as YY Inc.), a global technology company, today announced its unaudited financial results for the third quarter of 2023.

JOYY Reports Third Quarter 2023 Unaudited Financial Results

YY made it to the Zacks Rank #1 (Strong Buy) income stocks list on November 24, 2023.

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JOYY (YY) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

JOYY (YY) Upgraded to Strong Buy: Here's Why

The mean of analysts' price targets for JOYY (YY) points to a 26.7% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.

Wall Street Analysts Believe JOYY (YY) Could Rally 26.65%: Here's is How to Trade

SINGAPORE, Nov. 20, 2023 (GLOBE NEWSWIRE) -- JOYY Inc. (NASDAQ: YY) (“JOYY” or the “Company,” formerly known as YY Inc.), a global technology company, today announced that it plans to release its third quarter 2023 financial results after the U.S. market closes on November 29, 2023.

JOYY to Announce Third Quarter 2023 Financial Results on November 29, 2023

JOYY Inc. is a Singapore-based global technology conglomerate focusing on video-based social media platforms. The company's strategic alliances with KOLs and financial health, along with its emphasis on video-based platforms, are its main strengths. Concerns about the company's use of VIEs and potential fraud allegations have raised questions, but the company's competitive edge and financial standing remain strong.

Is JOYY Inc. A Buy? An Analysis Of Its Strengths And Challenges

JOYY Inc. (NASDAQ:YY ) Q2 2023 Earnings Conference Call August 29, 2023 9:00 PM ET Company Participants Jane Xie - Senior Manager of Investor Relations David Xueling Li - Chairman and Chief Executive Officer Alex Liu - Vice President of Finance Conference Call Participants Thomas Chong - Jefferies LLC Henry Sun - JPMorgan Chase & Co. Yiwen Zhang - China Renaissance Operator Ladies and gentlemen, thank you for standing by and welcome to the JOYY Inc.'s Second Quarter 2023 Earnings Call. At this time, all participants are in a listen-only mode.

JOYY Inc. (YY) Q2 2023 Earnings Call Transcript

SINGAPORE , Aug. 29, 2023 /PRNewswire/ -- JOYY Inc. (NASDAQ: YY) ("JOYY" or the "Company"), a global technology company, announced its unaudited financial results for the second quarter of 2023. During the second quarter of 2023, JOYY's total revenues were US$547.3 million, with the BIGO segment's revenue reaching US$471.1 million.

JOYY Reports Second Quarter 2023 Results: US$155.1 Million Net Profit and Sustained User Growth

SINGAPORE, Aug. 30, 2023 (GLOBE NEWSWIRE) -- JOYY Inc. (NASDAQ: YY) (“JOYY” or the “Company,” formerly known as YY Inc.), a global technology company, today announced its unaudited financial results for the second quarter of 2023.

JOYY Reports Second Quarter 2023 Unaudited Financial Results

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SINGAPORE, Aug. 22, 2023 (GLOBE NEWSWIRE) -- JOYY Inc. (NASDAQ: YY) (“JOYY” or the “Company,” formerly known as YY Inc.), a global technology company, today announced that it plans to release its second quarter 2023 financial results after the U.S. market closes on August 29, 2023.

News for YY Stock (YY)