JOYY Inc., through its subsidiaries, operates social media platforms that offer users engaging and experience across various video and audio-based social platforms. The company operates Bigo Live, a live streaming platform that allows users to live stream specific moments, such as live talk with other users, make video calls, and watch trend videos; Likee, a short-form video social platform that focuses on enabling users to create short-form video; Hago, a casual game-oriented social platform; and imo, a chat and instant messaging application with functions, including video calls, text messages, and photo and video sharing. It operates in the People's Republic of China, the United States, the Great Britain, Japan, South Korea, Australia, the Middle East, and Southeast Asia and others. The company was formerly known as YY Inc. and changed its name to JOYY Inc. in December 2019. JOYY Inc. was founded in 2005 and is headquartered in Singapore.
IPO Year: 2012
Exchange: NASDAQ
Website: joyy.sg
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 3/25/2024 | Buy → Neutral | BofA Securities | |
| 1/2/2024 | Buy → Hold | The Benchmark Company | |
| 6/1/2022 | Overweight → Equal-Weight | Morgan Stanley | |
| 5/16/2022 | $40.00 | Underweight → Neutral | JP Morgan |
| 3/14/2022 | $25.00 | Overweight → Underweight | JP Morgan |
| 11/2/2021 | $99.00 → $57.00 | Neutral → Sell | Goldman |
| 7/13/2021 | $125.00 | Buy | China Renaissance |
SINGAPORE, Aug. 03, 2024 (GLOBE NEWSWIRE) -- JOYY Inc. (NASDAQ:YY) ("JOYY" or the "Company"), a global technology company, today announced that its board of directors (the "Board") has approved a carefully planned leadership succession. Ms. Ting Li, currently Director and Chief Operating Officer of the Company, will succeed Mr. David Xueling Li as Chairperson of the Board ("Chairperson") and Chief Executive Officer ("CEO"), effective immediately. Mr. David Xueling Li will continue serving as a member of the Board, ensuring continuity and supporting ongoing business momentum. Mr. David Xueling Li stated, "JOYY has become highly globalized, cultivating an engaging and vibrant user community
SINGAPORE, May 28, 2024 /PRNewswire/ -- JOYY Inc. (NASDAQ:YY) ("JOYY" or the "Company"), a global leading technology company, announced its unaudited financial results for the first quarter of 2024. During the first quarter, JOYY's revenue came in at US$564.6 million. The Company's core business segment BIGO continued its topline recovery trend, generating revenues of US$505.2 million, a year-over-year increase of 8.0%. JOYY recorded net profit and non-GAAP net profit1 of US$ 45.3 million and US$67.2 million, with GAAP and non-GAAP net margins1 of 8.0% and 11.9%, respectively. The BIGO segment's net profit and non-GAAP net profit1 reached US$61.0 million and US$71.2 million, with GAAP and n
SINGAPORE, Nov. 13, 2024 (GLOBE NEWSWIRE) -- JOYY Inc. (NASDAQ:YY) ("JOYY" or the "Company"), a global technology company, today announced that it plans to release its third quarter 2024 financial results after the U.S. market closes on November 26, 2024. The Company's management will host an earnings conference call at 9:00 PM U.S. Eastern Time on Tuesday, November 26, 2024 (10:00 AM Singapore/Hong Kong Time on Wednesday, November 27, 2024). Details for the conference call are as follows: Event Title:JOYY Inc. Third Quarter 2024 Earnings Conference CallConference ID:#10043422 All participants may use the link provided below to complete the online registration process in advance of the
SINGAPORE, Aug. 28, 2024 (GLOBE NEWSWIRE) -- JOYY Inc. (NASDAQ:YY) ("JOYY" or the "Company"), a global technology company, today announced its unaudited financial results for the second quarter of 2024. Second Quarter 2024 Financial Highlights1 Net revenues were US$565.1 million, compared to US$547.3 million in the corresponding period of 2023.Net income attributable to controlling interest of JOYY2 was US$52.1 million, compared to US$155.1 million in the corresponding period of 2023.Non-GAAP net income attributable to controlling interest and common shareholders of JOYY3 was US$74.0 million, compared to US$97.3 million in the corresponding period of 2023. Second Quarter 2024 Oper
SINGAPORE, Aug. 14, 2024 (GLOBE NEWSWIRE) -- JOYY Inc. (NASDAQ:YY) ("JOYY" or the "Company"), a global technology company, today announced that it plans to release its second quarter 2024 financial results after the U.S. market closes on August 27, 2024. The Company's management will host an earnings conference call at 9:00 PM U.S. Eastern Time on Tuesday, August 27, 2024 (9:00 AM Singapore/Hong Kong Time on Wednesday, August 28, 2024). Details for the conference call are as follows: Event Title:JOYY Inc. Second Quarter 2024 Earnings Conference CallConference ID:#10041392 All participants may use the link provided below to complete the online registration process in advance of the confe
SINGAPORE, May 29, 2024 (GLOBE NEWSWIRE) -- JOYY Inc. (NASDAQ:YY) ("JOYY" or the "Company"), a global technology company, today announced its unaudited financial results for the first quarter of 2024. First Quarter 2024 Financial Highlights1 Net revenues were US$564.6 million, compared to US$583.6 million in the corresponding period of 2023.Net income attributable to controlling interest of JOYY2 was US$45.3 million, compared to US$28.0 million in the corresponding period of 2023.Non-GAAP net income attributable to controlling interest and common shareholders of JOYY3 was US$67.2 million, compared to US$49.9 million in the corresponding period of 2023. First Quarter 2024 Operation
SINGAPORE, May 17, 2024 (GLOBE NEWSWIRE) -- JOYY Inc. (NASDAQ:YY) ("JOYY" or the "Company"), a global technology company, today announced that it plans to release its first quarter 2024 financial results after the U.S. market closes on May 28, 2024. The Company's management will host an earnings conference call at 9:00 PM U.S. Eastern Time on Tuesday, May 28, 2024 (9:00 AM Singapore/Hong Kong Time on Wednesday, May 29, 2024). Details for the conference call are as follows: Event Title:JOYY Inc. First Quarter 2024 Earnings Conference CallConference ID:#10039137 All participants may use the link provided below to complete the online registration process in advance of the conference ca
SINGAPORE, March 18, 2024 /PRNewswire/ -- JOYY Inc. (NASDAQ:YY) ("JOYY" or the "Company"), a global leading technology company, announced its unaudited financial results for the fourth quarter and full year of 2023. During the fourth quarter, JOYY's revenue came in at US$570 million. The Company's core business segment BIGO generated revenues of US$491 million, up 3.1% year over year. For the full year of 2023, JOYY's revenue reached US$2.27 billion, with BIGO contributing US$1.92 billion. Due to continued optimization of operational efficiencies and strong execution, JOYY delivered continued profitability for the third consecutive year. The Company's net profit and non-GAAP net profit1 for
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. Fourth Quarter 2023 Financial Highlights1 Net revenues were US$569.8 million, compared to US$604.9 million in the corresponding period of 2022.Net income attributable to controlling interest of JOYY2 was US$45.8 million, compared to net loss of US$377.5 million in the corresponding period of 2022.Non-GAAP net income attributable to controlling interest and common shareholders of JOYY3 was US$64.2 million, compared to US$50.0 million in the corresponding period of 2022.
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). Details for the conference call are as follows: Event Title:JOYY Inc. Fourth Quarter and Full Year 2023 Earnings Conference CallConference ID:#10037588 All participants may use the link provided below to complete the o
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. During the third quarter of 2023, JOYY's total revenues rose 3.6% sequentially to US$567.1 million. The Company's core business segment BIGO generated revenues of US$494.1 million, a sequential increase of 4.9% and a year-over-year increase of 2.2%, its first year-over-year top-line growth in six quarters. JOYY recorded net profit and non-GAAP net profit1 of US$72.9 million and US$81.2 million, with GAAP and non-GAAP net margins1 of 12.9% and 14.3%, respectively. The BIGO segment's operating pr
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. Third Quarter 2023 Financial Highlights1 Net revenues were US$567.1 million, compared to US$586.7 million in the corresponding period of 2022.Net income attributable to controlling interest of JOYY2 was US$72.9 million, compared to US$515.3 million in the corresponding period of 2022.Non-GAAP net income attributable to controlling interest and common shareholders of JOYY3 was US$81.2 million, compared to US$76.9 million in the corresponding period of 2022. Third
SINGAPORE, Nov. 13, 2024 (GLOBE NEWSWIRE) -- JOYY Inc. (NASDAQ:YY) ("JOYY" or the "Company"), a global technology company, today announced that it plans to release its third quarter 2024 financial results after the U.S. market closes on November 26, 2024. The Company's management will host an earnings conference call at 9:00 PM U.S. Eastern Time on Tuesday, November 26, 2024 (10:00 AM Singapore/Hong Kong Time on Wednesday, November 27, 2024). Details for the conference call are as follows: Event Title:JOYY Inc. Third Quarter 2024 Earnings Conference CallConference ID:#10043422 All participants may use the link provided below to complete the online registration process in advance of the
SINGAPORE, Aug. 27, 2024 /PRNewswire/ -- JOYY Inc. (NASDAQ:YY) ("JOYY" or the "Company"), a global leading technology company, announced its unaudited financial results for the second quarter of 2024. During the second quarter, JOYY's revenue came in at US$565.1 million, a year-over-year increase of 3.3%. The Company's core business segment BIGO continued its topline recovery trend for the fourth consecutive quarter, generating revenues of US$507.2 million, a year-over-year increase of 7.7%. JOYY recorded net profit and non-GAAP net profit[1] of US$52.1 million and US$74.0 mil
SINGAPORE, Aug. 28, 2024 (GLOBE NEWSWIRE) -- JOYY Inc. (NASDAQ:YY) ("JOYY" or the "Company"), a global technology company, today announced its unaudited financial results for the second quarter of 2024. Second Quarter 2024 Financial Highlights1 Net revenues were US$565.1 million, compared to US$547.3 million in the corresponding period of 2023.Net income attributable to controlling interest of JOYY2 was US$52.1 million, compared to US$155.1 million in the corresponding period of 2023.Non-GAAP net income attributable to controlling interest and common shareholders of JOYY3 was US$74.0 million, compared to US$97.3 million in the corresponding period of 2023. Second Quarter 2024 Oper
SINGAPORE, Aug. 14, 2024 (GLOBE NEWSWIRE) -- JOYY Inc. (NASDAQ:YY) ("JOYY" or the "Company"), a global technology company, today announced that it plans to release its second quarter 2024 financial results after the U.S. market closes on August 27, 2024. The Company's management will host an earnings conference call at 9:00 PM U.S. Eastern Time on Tuesday, August 27, 2024 (9:00 AM Singapore/Hong Kong Time on Wednesday, August 28, 2024). Details for the conference call are as follows: Event Title:JOYY Inc. Second Quarter 2024 Earnings Conference CallConference ID:#10041392 All participants may use the link provided below to complete the online registration process in advance of the confe
SINGAPORE, Aug. 03, 2024 (GLOBE NEWSWIRE) -- JOYY Inc. (NASDAQ:YY) ("JOYY" or the "Company"), a global technology company, today announced that its board of directors (the "Board") has approved a carefully planned leadership succession. Ms. Ting Li, currently Director and Chief Operating Officer of the Company, will succeed Mr. David Xueling Li as Chairperson of the Board ("Chairperson") and Chief Executive Officer ("CEO"), effective immediately. Mr. David Xueling Li will continue serving as a member of the Board, ensuring continuity and supporting ongoing business momentum. Mr. David Xueling Li stated, "JOYY has become highly globalized, cultivating an engaging and vibrant user community
SINGAPORE, June 14, 2024 (GLOBE NEWSWIRE) -- JOYY Inc. (NASDAQ:YY) ("JOYY" or the "Company"), a global technology company, today announced the results of its previously announced repurchase right offer relating to its 1.375% Convertible Senior Notes due 2026 (CUSIP No. 98426T AF3) (the "2026 Notes"). The repurchase right offer expired at 5:00 p.m., New York City time, on Thursday, June 13, 2024. Based on information from Citibank, N.A. as the paying agent for the 2026 Notes, US$405,445,000 aggregate principal amount of the 2026 Notes were validly surrendered and not withdrawn prior to the expiration of the repurchase right offer. The aggregate cash purchase price of these 2026 Notes is US$
SINGAPORE, May 28, 2024 /PRNewswire/ -- JOYY Inc. (NASDAQ:YY) ("JOYY" or the "Company"), a global leading technology company, announced its unaudited financial results for the first quarter of 2024. During the first quarter, JOYY's revenue came in at US$564.6 million. The Company's core business segment BIGO continued its topline recovery trend, generating revenues of US$505.2 million, a year-over-year increase of 8.0%. JOYY recorded net profit and non-GAAP net profit1 of US$ 45.3 million and US$67.2 million, with GAAP and non-GAAP net margins1 of 8.0% and 11.9%, respectively. The BIGO segment's net profit and non-GAAP net profit1 reached US$61.0 million and US$71.2 million, with GAAP and n
SINGAPORE, May 29, 2024 (GLOBE NEWSWIRE) -- JOYY Inc. (NASDAQ:YY) ("JOYY" or the "Company"), a global technology company, today announced its unaudited financial results for the first quarter of 2024. First Quarter 2024 Financial Highlights1 Net revenues were US$564.6 million, compared to US$583.6 million in the corresponding period of 2023.Net income attributable to controlling interest of JOYY2 was US$45.3 million, compared to US$28.0 million in the corresponding period of 2023.Non-GAAP net income attributable to controlling interest and common shareholders of JOYY3 was US$67.2 million, compared to US$49.9 million in the corresponding period of 2023. First Quarter 2024 Operation
SINGAPORE, May 17, 2024 (GLOBE NEWSWIRE) -- JOYY Inc. (NASDAQ:YY) ("JOYY" or the "Company"), a global technology company, today announced that it plans to release its first quarter 2024 financial results after the U.S. market closes on May 28, 2024. The Company's management will host an earnings conference call at 9:00 PM U.S. Eastern Time on Tuesday, May 28, 2024 (9:00 AM Singapore/Hong Kong Time on Wednesday, May 29, 2024). Details for the conference call are as follows: Event Title:JOYY Inc. First Quarter 2024 Earnings Conference CallConference ID:#10039137 All participants may use the link provided below to complete the online registration process in advance of the conference ca
SINGAPORE, April 27, 2024 (GLOBE NEWSWIRE) -- JOYY Inc. (NASDAQ:YY) ("JOYY" or the "Company"), a global technology company, today announced that it filed its annual report on Form 20-F for the fiscal year ended December 31, 2023, with the Securities and Exchange Commission on April 26, 2024, Eastern Time. The annual report can be accessed on the Company's investor relations website at http://ir.joyy.com. The Company will provide a hard copy of its annual report containing the audited consolidated financial statements, free of charge, to its shareholders and ADS holders upon request. Requests should be directed to the Company's Investor Relations Department at [email protected]. About JOYY
BofA Securities downgraded JOYY from Buy to Neutral
The Benchmark Company downgraded JOYY from Buy to Hold
Morgan Stanley downgraded JOYY from Overweight to Equal-Weight
JP Morgan upgraded JOYY from Underweight to Neutral and set a new price target of $40.00
JP Morgan downgraded JOYY from Overweight to Underweight and set a new price target of $25.00
Goldman downgraded JOYY from Neutral to Sell and set a new price target of $57.00 from $99.00 previously
China Renaissance resumed coverage of JOYY with a rating of Buy and set a new price target of $125.00
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Gainers Gamer Pakistan (NASDAQ:GPAK) stock moved upwards by 17.2% to $0.29 during Wednesday's pre-market session. The market value of their outstanding shares is at $7.4 million. AST SpaceMobile (NASDAQ:ASTS) stock increased by 15.19% to $6.14. The company's market cap stands at $857.2 million. Starbox Group Hldgs (NASDAQ:STBX) stock moved upwards by 8.19% to $0.21. The market value of their outstanding shares is at $30.7 million. Collective Audience (NASDAQ:CAUD) stock moved upwards by 7.2% to $0.47. The market value of their outstanding shares is at $6.4 million. Vivid Seats (NASDAQ:SEAT) stock moved upwards by 6.99% to $5.2. The company's market cap stands at $683.4 million. So-Youn
For the second quarter of 2024, the Company expects net revenues to be between US$538 million and US$569 million. This forecast reflects the Company’s current and preliminary views on the market, operational conditions and business strategies, which are subject to changes, particularly as to the potential impact from increasing macroeconomic uncertainties.
First Quarter 2024 Operational Highlights Average mobile MAUs of Bigo Live was 37.1 million, compared to 37.7 million in the corresponding period of 2023. Average mobile MAUs of Likee was 37.5 million, compared to 44.9 million in the corresponding period of 2023, primarily due to disciplined spending on user acquisition via advertisement. Average mobile MAUs of Hago was 4.5 million, compared to 5.9 million in the corresponding period of 2023, primarily due to disciplined spending on user acquisition via advertisement. Global average mobile MAUs4 was 277.3 million, compared to 272.9 million in the corresponding period of 2023. Total number of paying users of BIGO (including Bigo Live,
JOYY (NASDAQ:YY) reported quarterly earnings of $1.02 per share which beat the analyst consensus estimate of $0.81 by 25.93 percent. This is a 59.38 percent increase over earnings of $0.64 per share from the same period last year. The company reported quarterly sales of $564.560 million which beat the analyst consensus estimate of $552.667 million by 2.15 percent. This is a 3.27 percent decrease over sales of $583.628 million the same period last year.
B of A Securities analyst Lei Zhang downgrades JOYY (NASDAQ:YY) from Buy to Neutral and announces $35 price target.
Shares of Peraso Inc. (NASDAQ:PRSO) fell sharply during Tuesday’s session after the company reported worse-than-expected fourth-quarter EPS results. Peraso posted a quarterly loss of $8.52 per share, versus analysts’ estimates for a loss of $3.76 per share. The company’s quarterly sales came in at $1.83 million versus expectations of $1.70 million. Peraso shares tumbled 23.3% to $1.32 on Tuesday. Here are some other stocks moving in today's mid-day session. Gainers Ontrak, Inc. (NASDAQ:OTRK) shares climbed 197.8% to $0.5660 ahead of the company's presentation at the 36th Annual Roth Conference. Fusion Pharmaceuticals Inc. (NASDAQ:FUSN) gained 97.3% to $20.99 after the company anno
With U.S. stock futures trading lower this morning on Tuesday, some of the stocks that may grab investor focus today are as follows: Wall Street expects Core & Main, Inc. (NYSE:CNM) to report quarterly earnings at 35 cents per share on revenue of $1.43 billion before the opening bell, according to data from Benzinga Pro. Core & Main shares fell 0.4% to $50.50 in after-hours trading. JOYY Inc. (NASDAQ:YY) posted upbeat earnings for its fourth quarter. The company said it sees first-quarter net revenues of $543 million to $560 million versus market estimates of $579.45 million. JOYY shares gained 2% to $34.05 in the after-hours trading session. Analysts are expecting Caleres, Inc. (NYSE
Fourth Quarter 2023 Operational Highlights Average mobile MAUs of Bigo Live increased by 4.5% to 38.4 million from 36.8 million in the corresponding period of 2022. Average mobile MAUs of Likee was 39.1 million, compared to 45.3 million in the corresponding period of 2022, primarily due to reduced spending on user acquisition via advertisement. Average mobile MAUs of Hago was 4.6 million, compared to 6.7 million in the corresponding period of 2022, primarily due to reduced spending on user acquisition via advertisement. Global average mobile MAUs4 increased by 2.6% to 274.9 million from 267.9 million in the corresponding period of 2022. Total number of paying users of BIGO (including