YY | Jotup

YY Group Announces Strategic Entry Into Vietnam’s Booming Labour Market Within the Dynamic Hospitality Industry

Retrieved on:

Thursday, May 2, 2024

This underscores YY Group’s commitment to supplying skilled manpower to meet the growing demands of Vietnam’s dynamic hospitality sector.

Key Points:

This underscores YY Group’s commitment to supplying skilled manpower to meet the growing demands of Vietnam’s dynamic hospitality sector.
Following its successful entry into the Malaysian market last year, YY Group is leveraging its sophisticated technology and scalable digital platform to penetrate the growing hospitality sector in Vietnam.
Vietnam, known for its vibrant tourism industry and bustling hospitality sector, represents a significant growth opportunity for YYGH.
With a sizable addressable market and a robust CAGR, Vietnam offers immense potential for YY Group to establish a strong presence and deliver innovative manpower solutions tailored to the needs of the hospitality industry.

JOYY Inc. Announces Repurchase Right Notification for 1.375% Convertible Senior Notes due 2026

Retrieved on:

Friday, April 12, 2024

Debt-to-GDP ratio, YY, Trust, Depository Trust Company, Exercise, Citibank, PARTIES, CUSIP, Attention, FICC, Repurchase agreement, Note

The Repurchase Right entitles each holder of the 2026 Notes to require the Company to repurchase for cash on June 15, 2024 (the “Repurchase Date”), all of such holder’s 2026 Notes, or any portion thereof that is an integral multiple of US$1,000 principal amount, at a repurchase price that is equal to 100% of the principal amount of the 2026 Notes to be repurchased, plus any accrued and unpaid interest to, but excluding, the Repurchase Date, subject to the terms and conditions of the Indenture and the 2026 Notes.

Key Points:

The Repurchase Right entitles each holder of the 2026 Notes to require the Company to repurchase for cash on June 15, 2024 (the “Repurchase Date”), all of such holder’s 2026 Notes, or any portion thereof that is an integral multiple of US$1,000 principal amount, at a repurchase price that is equal to 100% of the principal amount of the 2026 Notes to be repurchased, plus any accrued and unpaid interest to, but excluding, the Repurchase Date, subject to the terms and conditions of the Indenture and the 2026 Notes.
The Repurchase Date is an interest payment date under the terms of the Indenture and the 2026 Notes.
If all outstanding 2026 Notes are surrendered for repurchase through exercise of the Repurchase Right, the aggregate cash repurchase price will be US$406,038,000.
The offer to purchase the 2026 Notes will be only pursuant to, and the 2026 Notes may be tendered only in accordance with, the Company’s Repurchase Right Notice dated April 12, 2024 and related documents.

JOYY Reports Fourth Quarter and Full Year 2023 Unaudited Financial Results

Retrieved on:

Monday, March 18, 2024

Bigo Live, Growth, ADS10, Sale, Acquisition, ADS, Hago, Direct, Investment, YY, Maus, Likee, Share repurchase, Marketing, Advertising, Video game

SINGAPORE, March 19, 2024 (GLOBE NEWSWIRE) -- JOYY Inc. (NASDAQ: YY) (“JOYY” or the “Company”), a global technology company, today announced its unaudited financial results for the fourth quarter and full year of 2023.

Key Points:

SINGAPORE, March 19, 2024 (GLOBE NEWSWIRE) -- JOYY Inc. (NASDAQ: YY) (“JOYY” or the “Company”), a global technology company, today announced its unaudited financial results for the fourth quarter and full year of 2023.
Gross profit was US$201.5 million in the fourth quarter of 2023, compared to US$212.3 million in the corresponding period of 2022.
Gross margin was 35.4% in the fourth quarter of 2023, compared to 35.1% in the corresponding period of 2022.
Operating expenses were US$199.4 million in the fourth quarter of 2023, compared to US$231.2 million in the corresponding period of 2022.

JOYY Reports Fourth Quarter and Full Year 2023 Financial Results: Third Consecutive Year of Profitability, Global MAU Resumes Growth

Retrieved on:

Tuesday, March 19, 2024

Bigo Live, Algorithm, Growth, Social, UGC, MAU, PUGC, Hago, Shithead (card game), YY, Maus, Ecosystem, GAAP, Social networking service, Multimedia, Video game

Due to continued optimization of operational efficiencies and strong execution, JOYY delivered continued profitability for the third consecutive year.

Key Points:

Due to continued optimization of operational efficiencies and strong execution, JOYY delivered continued profitability for the third consecutive year.
From 2020 to 2023, JOYY has in total distributed approximately US$1.38 billion in capital returns.
Mr. David Xueling Li, Chairman and Chief Executive Officer of JOYY, commented, "2023 proved to be a year of progress.
In the fourth quarter, Bigo Live maintained its user growth momentum, with MAUs increasing by 4.5% year over year to 38.4 million.

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

Retrieved on:

Thursday, March 7, 2024

YY, Direct

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.

Key Points:

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.
The Company’s management will host an earnings conference call at 9:00 PM U.S. Eastern Time on Monday, March 18, 2024 (9:00 AM Singapore/Hong Kong Time on Tuesday, March 19, 2024).
Upon registration, each participant will receive a set of participant dial-in numbers, the Direct Event passcode, and a unique PIN by email.
The replay will be accessible through March 26, 2024, by dialing the following numbers:

JOYY Announces Latest Development in Sale of YY Live

Retrieved on:

Monday, January 1, 2024

Sale, YY, Notice

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”).

Key Points:

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 Reports Third Quarter 2023 Unaudited Financial Results

Retrieved on:

Thursday, November 30, 2023

ADS, Direct, Marketing, Acquisition, Research, Bigo Live, YY, Advertising, Hago, Share repurchase, ADS10, Investment, Likee, Video game

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.

Key Points:

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.
Gross profit was US$209.2 million in the third quarter of 2023, compared to US$220.2 million in the corresponding period of 2022.
Gross margin was 36.9% in the third quarter of 2023, compared to 37.5% in the corresponding period of 2022.
Operating expenses were US$191.3 million in the third quarter of 2023, compared to US$202.2 million in the corresponding period of 2022.

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

Retrieved on:

Monday, November 20, 2023

Direct, YY, Internet service provider

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.

Key Points:

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.
The Company’s management will host an earnings conference call at 9:00 PM U.S. Eastern Time on Wednesday, November 29, 2023 (10:00 AM Singapore/Hong Kong Time on Thursday, November 30, 2023).
Upon registration, each participant will receive a set of participant dial-in numbers, the Direct Event passcode, and a unique PIN by email.
The replay will be accessible through December 7, 2023, by dialing the following numbers:

SignalFire Announces Strategic Growth with the Addition of Nine New Team Members

Retrieved on:

Monday, November 27, 2023

In addition to welcoming new faces, the firm takes pride in fostering an environment where the team can grow and thrive.

Key Points:

In addition to welcoming new faces, the firm takes pride in fostering an environment where the team can grow and thrive.
“I am tremendously proud to welcome these remarkable individuals to the SignalFire family and to be able to grow the careers of our existing team members,” said Chris Farmer, CEO, Partner, and Co-Founder.
Lauren Nguyen—Head of Marketing: Prior to joining SignalFire, Lauren built the self-service growth team at Cloudflare responsible for all self-serve revenue across its product portfolio.
Prior to SignalFire, she worked on the investment team at Blackstone’s Strategic Opportunity Fund, where she evaluated late-stage and IPO investment opportunities.

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

Retrieved on:

Thursday, November 30, 2023

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.

Key Points:

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.
In the first three quarters of 2023, JOYY had returned an aggregate amount of US$355.4 million to its shareholders through dividends and share buybacks.
Bigo Live maintained its double-digit user growth momentum in the third quarter, with MAUs increasing by 14% year over year to 40.3 million.
During the third quarter, Hago maintained sequential revenue growth, and its operating cash flow remained positive during the quarter.