Research analysts who have asked questions during JOYY earnings calls.
TC
Thomas Chong
Jefferies Financial Group Inc.
6 questions for JOYY
Also covers: ATHM, BABA, BEKE +22 more
Raphael Chen
BOCI Research Limited
4 questions for JOYY
Also covers: DOYU
LX
Leking Xu
Goldman Sachs
3 questions for JOYY
Astoria Chen
CLSA
1 question for JOYY
RC
Rafael Chen
BOCI Research
1 question for JOYY
XY
Xueying Yan
CICC
1 question for JOYY
XQ
Xuey Qingyong
CICC
1 question for JOYY
XZ
Xu Zheng Zheng
CICC
1 question for JOYY
YL
Yan Liu
Citigroup
1 question for JOYY
YL
Yuan Liu
Citigroup
1 question for JOYY
Recent press releases and 8-K filings for JOYY.
JOYY Reports Third Quarter 2025 Unaudited Financial Results
JOYY
Earnings
Guidance Update
Dividends
- JOYY reported net revenues of US$540.2 million in the third quarter of 2025, representing a 6.4% increase from the second quarter of 2025.
- The company's operating income for Q3 2025 was US$19.6 million, a 237.3% increase from the second quarter of 2025, while Non-GAAP EBITDA reached US$50.6 million, up 16.8% year-over-year.
- Advertising revenues were a key growth driver, increasing 29.2% year-over-year to US$112.5 million in Q3 2025, primarily due to the strong performance of BIGO Ads.
- As of September 30, 2025, JOYY maintained a strong financial position with net cash of US$3,320.9 million.
- For the fourth quarter of 2025, JOYY expects net revenues to be between US$563 million and US$578 million, and the board declared a quarterly dividend of US$0.97 per ADS for Q4 2025.
Nov 20, 2025, 11:42 AM
JOYY Reports Third Quarter 2025 Financial Results
JOYY
Earnings
Revenue Acceleration/Inflection
Share Buyback
- JOYY Inc. reported net revenues of US$540 million in the third quarter of 2025, representing a 6.4% increase quarter-over-quarter.
- Livestreaming revenue grew 3.5% quarter-over-quarter to US$388 million, marking two consecutive quarters of sequential growth, while advertising revenue increased by 29.2% year-over-year to US$113 million.
- GAAP operating income rose 19.1% year-over-year to US$20 million, and non-GAAP EBITDA increased 16.8% year-over-year to US$51 million.
- The company held US$3.32 billion in net cash as of September 30, 2025, and has distributed US$148 million in dividends and repurchased US$89 million in shares from January 1, 2025, through November 14, 2025, as part of its US$900 million shareholder return program.
- JOYY anticipates a resumption in year-over-year group-level revenue growth as it approaches 2026, with its livestreaming business expected to return to a steady positive trajectory and advertising technology and smart commerce SaaS businesses poised for robust revenue growth.
Nov 20, 2025, 3:02 AM
JOYY Announces Q3 2025 Financial Results and Positive Outlook
JOYY
Earnings
Guidance Update
Share Buyback
- JOYY reported total revenue of $540.2 million in Q3 2025, representing a 6.4% quarter-over-quarter increase. This was driven by live streaming revenue of $388.5 million (up 3.5% quarter-over-quarter) and BIGO Ads revenue of $103.9 million (up 19.7% quarter-over-quarter and 33.1% year-over-year).
- The company achieved a non-GAAP operating income of $40.7 million, an increase of 16.6% year-over-year, and non-GAAP EBITDA of $50.6 million, up 16.8% year-over-year ,. JOYY maintained a strong net cash position of $3.3 billion as of September 30, 2025.
- For Q4 2025, JOYY expects net revenues to be between $538 million and $563 million, implying 2.5% to 5.2% year-over-year growth. The company anticipates a return to positive year-over-year revenue growth for the group in 2026, with live streaming resuming steady growth and advertising and e-commerce SaaS businesses sustaining strong double-digit growth ,.
- As part of its $900 million shareholder return program for 2025-2027, JOYY has repurchased $88.6 million worth of shares and paid $148 million in dividends as of November 14, 2025.
Nov 20, 2025, 2:00 AM
JOYY Reports Q3 2025 Results with Revenue Growth and Positive Outlook
JOYY
Earnings
Guidance Update
Share Buyback
- JOYY reported Q3 2025 total net revenues of $540.2 million, an increase of 6.4% quarter-over-quarter, driven by strong performance in BIGO Ads.
- Live streaming revenues sustained sequential recovery, reaching $388.5 million, up 3.5% quarter-over-quarter, while BIGO Ads revenue grew 33.1% year-over-year and 19.7% quarter-over-quarter to $103.9 million.
- The company achieved a non-GAAP operating income of $40.7 million, up 16.6% year-over-year, and generated $73.4 million in operating cash flow.
- JOYY provided Q4 2025 net revenue guidance between $538 million and $563 million, expecting 2.5%-5.2% year-over-year growth, and anticipates year-over-year group revenue growth in 2026.
- As of November 14, 2025, JOYY repurchased $88.6 million worth of shares and paid $148 million in dividends as part of its $900 million shareholder return program for 2025-2027.
Nov 20, 2025, 2:00 AM
JOYY Inc. Reports Q3 2025 Results and Provides 2026 Outlook
JOYY
Earnings
Guidance Update
Share Buyback
- JOYY Inc. reported Q3 2025 total revenue of $540.2 million, with BIGO Ads revenue growing 19.7% quarter-over-quarter to $103.9 million.
- The company achieved Non-GAAP operating income of $40.7 million, an increase of 16.6% year-over-year, and Non-GAAP EBITDA of $50.6 million, up 16.8% year-over-year.
- For Q4 2025, JOYY expects net revenues to be between $563 million and $538 million, representing 2.5%-5.2% year-over-year growth.
- Management anticipates the live streaming business will return to steady year-over-year growth in 2026, while AdTech and SaaS are projected to sustain robust double-digit revenue growth year-over-year.
- As part of its three-year $900 million shareholder return program, JOYY repurchased $88.6 million worth of shares and paid $147.9 million in dividends as of November 14, 2025.
Nov 20, 2025, 2:00 AM
JOYY's BIGO Ads achieves five consecutive years of IAB OM SDK certification and reports strong Q2 2025 growth
JOYY
Revenue Acceleration/Inflection
- BIGO Ads, a strategic business of JOYY Inc., has maintained its IAB Tech Lab Open Measurement SDK (OM SDK) compliance certification for five consecutive years since 2020, highlighting its leadership in transparency and standardization within the programmatic advertising industry.
- The OM SDK serves as a unified industry standard, enabling third-party verification providers to accurately measure key metrics such as ad viewability and impression measurement, adhering to recognized industry standards.
- BIGO Ads reported robust financial performance in Q2 2025, with approximately 29% year-over-year revenue growth and 9% quarter-over-quarter growth.
- The platform also experienced significant ecosystem expansion, as publisher SDK adoption led to a nearly 80% increase in traffic compared to the second half of 2024.
Oct 2, 2025, 12:00 AM
JOYY Reports Q2 2025 Results with Revenue Growth and Strong Ad Tech Performance
JOYY
Earnings
Guidance Update
Revenue Acceleration/Inflection
- JOYY reported Q2 2025 total revenue of $507.8 million, a 2.7% quarter-over-quarter growth, driven by a stabilized live streaming business and robust growth in non-live streaming revenues, which increased 25.6% year-over-year.
- The company achieved a non-GAAP operating profit of $38.3 million, up 27.9% year-over-year, and non-GAAP EBITDA of $48.2 million, up 25.7% year-over-year.
- BIGO Ads, the ad tech business, emerged as a second major growth engine, with revenue reaching $87.4 million, growing 29% year-over-year and 8.9% quarter-over-quarter.
- For Q3 2025, JOYY expects net revenues to be between $525 million and $539 million, anticipating continued sequential recovery in live streaming and double-digit year-over-year growth from ad tech.
- JOYY maintained a strong net cash position of $3.3 billion as of June 30, 2025, and returned $135 million to shareholders through dividends and share buybacks from January 1 to June 30, 2025.
Aug 27, 2025, 2:25 PM
Quarterly earnings call transcripts for JOYY.
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