JOYY Inc. Earnings Call Transcripts
Fiscal Year 2026
-
Q1 2026 saw 12.4% year-over-year revenue growth, with all three business segments—Social Entertainment, BIGO Ads, and Shopline—showing strong momentum. A new $1.5 billion shareholder return program was announced, supported by robust cash flow and profitability.
Fiscal Year 2025
-
Q4 2025 saw revenue up 7.7% QoQ and 5.9% YoY, with strong growth in live streaming and AdTech. 2026 guidance calls for 8.8–10.9% YoY revenue growth, double-digit gains across all segments, and continued robust shareholder returns.
-
Q3 2025 saw 6.4% sequential revenue growth to $540M, with strong gains in live streaming and AdTech. BIGO Ads revenue surged 33.1% year-over-year, and non-GAAP EBITDA rose 16.8%. Shareholder returns accelerated, and 2026 guidance points to continued double-digit growth.
-
Q2 2025 saw revenue rise 2.7% QoQ to $507.8M, with non-GAAP operating profit up 27.9% YoY and advertising revenue surging 29% YoY. Live streaming stabilized, while ad tech became a key growth engine. Guidance points to continued sequential recovery and double-digit ad growth.
-
Q1 2025 saw revenues of $494.4M and non-GAAP operating profit of $31M, with non-live streaming revenue up 25% year-over-year. Advertising and SaaS businesses are accelerating, while live streaming is stabilizing, and shareholder returns remain a priority.
Fiscal Year 2024
-
Q4 2024 saw strong non-GAAP profit growth and robust non-live streaming revenue, with developed markets driving expansion. Shareholder returns were prioritized through significant buybacks and a new dividend program, while 2025 guidance anticipates continued double-digit growth in non-live streaming and improving profitability.
-
Q3 2024 saw stable group revenue at $558.7M, with BIGO's non-live streaming and advertising revenues driving growth, while live streaming declined due to strategic adjustments. Operational efficiency improved margins, and share buybacks accelerated. Developed markets led revenue gains.
-
Leadership transitioned to Ting Li, with strategic focus on globalization and operational efficiency. Q2 revenue grew 3.3% year-over-year, driven by BIGO and strong advertising, while share repurchases continued. Q3 guidance anticipates stable revenues amid ongoing product optimizations.