tiprankstipranks
JOYY Inc. Showcases Strong Q1 2024 Performance
Company Announcements

JOYY Inc. Showcases Strong Q1 2024 Performance

JOYY (YY) has released an update.

Don't Miss our Black Friday Offers:

JOYY Inc. reports a promising start to 2024 with a substantial year-over-year increase in net profits, driven by a steady rise in paying users and a diversification of revenue streams. Despite a slight decline in net revenues and mobile MAUs for some platforms, the company’s strategic focus on cost efficiency and product innovation has led to increased net income and a robust share repurchase program. JOYY’s confident outlook is underscored by strong financials and ongoing operational enhancements aimed at long-term growth.

For further insights into YY stock, check out TipRanks’ Stock Analysis page.

Related Articles
Carrie WilliamsYY Upcoming Earnings Report: What to Expect?
TheFlyJoyy price target raised to $35 from $30 at JPMorgan
Howard KimJoyy, Inc. Reported Earnings. Did it Beat Estimates?
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App