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

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Thursday, November 30, 2023
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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.