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JOYY Reports Fourth Quarter and Full Year 2023 Unaudited Financial Results

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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 Third Quarter 2023 Unaudited Financial Results

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

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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.

JOYY Reports Second Quarter 2023 Results: US$155.1 Million Net Profit and Sustained User Growth

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Wednesday, August 30, 2023

During the second quarter of 2023, JOYY's total revenues were US$547.3 million, with the BIGO segment's revenue reaching US$471.1 million.

Key Points:

During the second quarter of 2023, JOYY's total revenues were US$547.3 million, with the BIGO segment's revenue reaching US$471.1 million.
JOYY recorded net profit and non-GAAP net profit[1] of US$155.1 million and US$97.3 million, with GAAP and non-GAAP net margins[1] of 28.3% and 17.8%, respectively.
In addition, JOYY significantly stepped up its share repurchases during the second quarter and bought back an additional US$214.3 million of its shares.
Notably, Bigo Live sustained its strong user growth momentum, increasing its MAUs by 18.0% year over year to 38.5 million.

JOYY Reports Second Quarter 2023 Unaudited Financial Results

Retrieved on:

Wednesday, August 30, 2023

Likee, Bigo Live, Share repurchase, Marketing, ADS, Policy, GAAP, ADS10, Direct, YY, Acquisition, Advertising, Investment, Maus, Research, Cryptocurrency, Bank, Video game, Mobile phone, Beauty salon

SINGAPORE, Aug. 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 second quarter of 2023.

Key Points:

SINGAPORE, Aug. 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 second quarter of 2023.
Mr. David Xueling Li, Chairman and Chief Executive Officer of JOYY, commented, “Despite ongoing macroeconomic uncertainties, our strong execution enabled us to deliver a solid financial performance in the second quarter.
Gross profit was US$197.8 million in the second quarter of 2023, compared to US$218.4 million in the corresponding period of 2022.
Operating expenses were US$191.7 million in the second quarter of 2023, compared to US$185.0 million in the corresponding period of 2022.

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of JOYY Inc. - YY

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Thursday, July 27, 2023

Likee, ADR, Acquisition, Advertising, Maus, Pomerantz, News, Private investigator

NEW YORK, July 27, 2023 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of JOYY Inc. (“JOYY” or the “Company”) (NASDAQ: YY).

Key Points:

NEW YORK, July 27, 2023 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of JOYY Inc. (“JOYY” or the “Company”) (NASDAQ: YY).
Such investors are advised to contact Robert S. Willoughby at [email protected] or 888-476-6529, ext.
The investigation concerns whether JOYY and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions.

ROSEN, A TOP RANKED LAW FIRM, Encourages JOYY Inc. Investors to Inquire About Securities Class Action Investigation – YY

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Monday, July 10, 2023

Class Action Lawsuit, Professional Services, Legal, Titan, Average, ADS, American depositary receipt, YY, Acquisition, Advertising, Maus, News, I-Space (Chinese company), Security (finance), Cryptocurrency, Likee

WHAT TO DO NEXT: To join the prospective class action, go to https://rosenlegal.com/submit-form/?case_id=17590 or call Phillip Kim, Esq.

Key Points:

WHAT TO DO NEXT: To join the prospective class action, go to https://rosenlegal.com/submit-form/?case_id=17590 or call Phillip Kim, Esq.
The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.
Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company.
1 by ISS Securities Class Action Services for number of securities class action settlements in 2017.

JOYY Reports First Quarter 2023 Unaudited Financial Results

Retrieved on:

Wednesday, May 31, 2023

SINGAPORE, May 31, 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 first quarter of 2023.

Key Points:

SINGAPORE, May 31, 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 first quarter of 2023.
In the first quarter, our global average mobile MAUs resumed sequential growth, increasing by 1.9% quarter over quarter to 272.9 million.
Gross profit was US$204.6 million in the first quarter of 2023, compared to US$201.2 million in the corresponding period of 2022.
Operating expenses were US$205.3 million in the first quarter of 2023, compared to US$200.6 million in the corresponding period of 2022.

JOYY Reports First Quarter 2023 Results: Sustained Growth in Profitability and Users

Retrieved on:

Wednesday, May 31, 2023

JOYY's total revenues in the first quarter of 2023 were US$583.6 million, including US$467.9 million of revenue from BIGO.

Key Points:

JOYY's total revenues in the first quarter of 2023 were US$583.6 million, including US$467.9 million of revenue from BIGO.
JOYY's global average mobile MAUs grew by 1.9% quarter over quarter, with Bigo Live's MAUs increasing by 19.0% year over year.
During the first quarter, Bigo Live sustained its double-digit user growth momentum for the fourth consecutive quarter, with its MAUs increasing by 19.0% year-over-year to 37.7 million.
Growth was observed across several key regions, with 7.3% growth in Europe, 13.2% growth in the Middle East, and 23.6% growth in Southeast Asia and other emerging markets, year over year.

HUAWEI AppGallery Celebrates Eid with an Amazing Cashback Offer

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Thursday, May 4, 2023

Cloud, Likee, Petal Search, Bigo Live, Point, Privacy, HUAWEI, Huawei AppGallery, Running, Huawei Mobile Services, Mobile phone

Retaining the spirit of gratitude, unity, and joy of Eid al-Fitr, this brand-new offer that goes up to 20% cashback adds even more value to the extensive range of selected high-quality HUAWEI AppGallery apps and games.

Key Points:

Retaining the spirit of gratitude, unity, and joy of Eid al-Fitr, this brand-new offer that goes up to 20% cashback adds even more value to the extensive range of selected high-quality HUAWEI AppGallery apps and games.
This offer is a great opportunity for HUAWEI AppGallery users to enjoy their favorite apps and games while also benefiting from the cashback offer.
Throughout the Holy Month, Huawei Mobile Services provided users with exclusive offers and specially designed content across HUAWEI AppGallery, HUAWEI Themes, HUAWEI Mobile Cloud, HUAWEI Health, Petal Maps, and Petal Search, making this year's Ramadan experience one to remember.
For more details about HUAWEI AppGallery Eid offer, click here .