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Joyy, Inc. (YY)
:YY
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Earnings Data
Report Date
Mar 24, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
1.25Last Year’s EPS
1.01Same Quarter Last Year
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 13, 2018
|% Change Since: 22.69%
|Next Earnings Date:Aug 14, 2018
Earnings Call Sentiment|Neutral
The earnings call highlighted solid revenue performance in developed markets and growth in non-live streaming and advertising revenues. However, the decline in live streaming revenue and foreign currency exchange losses posed challenges. The company remains optimistic about strategic adjustments improving long-term profitability.Company Guidance
During the third quarter of 2024, JOYY Inc. reported a group revenue of $558.7 million, with its core business segment BIGO contributing $496 million, indicating a slight year-over-year increase. The company's group non-GAAP operating profit rose to $34.9 million, marking a 16.4% increase quarter-over-quarter. BIGO's non-GAAP operating profit reached $72.9 million, also up 5% quarter-over-quarter. The firm noted that their group non-live streaming revenue increased by 13.1% sequentially to $119.2 million, which constituted 21.3% of the total group revenue. The company maintained positive operating cash flow, generating $61.1 million, and continued its share repurchase program, buying back $117.8 million in shares during the quarter. Moving forward, JOYY expects its net revenues for the fourth quarter to range between $546 million and $563 million, with BIGO poised for moderate top-line growth for the full year.Solid Group Revenue and Growth in Developed Markets
Group revenue reached $558.7 million with revenues from developed countries increasing 21.6% year-over-year, now contributing 54.9% of the group's revenue.
BIGO's Non-GAAP Operating Profit and Efficiency
BIGO's non-GAAP operating profit expanded to $72.9 million, up 5% quarter-over-quarter. Group non-GAAP operating profit was $34.9 million, up 16.4% quarter-over-quarter.
Non-Live Streaming Revenue Growth
Group non-live streaming revenue grew 13.1% sequentially to $119.2 million, representing 21.3% of group revenue. BIGO's non-live streaming revenue increased 15.5% quarter-over-quarter to $78.2 million.
Successful Share Repurchase Program
The company repurchased $117.8 million worth of shares in Q3, with $283 million remaining under the repurchase program.
Advertising Revenue Growth
BIGO advertising revenue grew significantly, with Likee's advertising revenue up 33.4% year-over-year.
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YY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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YY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 27, 2024 | $35.00 | $38.70 | +10.57% |
| Aug 27, 2024 | $33.57 | $34.61 | +3.10% |
| May 28, 2024 | $32.65 | $31.33 | -4.04% |
| Mar 18, 2024 | $33.37 | $31.48 | -5.66% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Joyy, Inc. (YY) report earnings?
Joyy, Inc. (YY) is schdueled to report earning on Mar 24, 2025, TBA Not Confirmed.
What is Joyy, Inc. (YY) earnings time?
Joyy, Inc. (YY) earnings time is at Mar 24, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is YY EPS forecast?
YY EPS forecast for the fiscal quarter 2024 (Q4) is 1.25.
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