JOYY Q2 Revenue Jumps 16% to $591M, Raises Full-Year Profit Growth Outlook to 20%
JOYY sits 51% above its 52-week low of $51.425 on elevated volume (3.3× avg).
Summary
JOYY delivered a strong Q2 with revenue up 16.3% YoY to $590.8M, driven by 53% growth in BIGO Ads and accelerating SHOPLINE momentum. Non-GAAP operating income rose 28% to $49.1M, and the company raised its full-year non-GAAP operating income growth guidance to approximately 20% YoY. The company also highlighted a $1.5B shareholder return program through 2028, with $358.8M already returned this year via buybacks and dividends. With $3.06B in net cash and operating cash flow of $64.9M, the balance sheet remains strong. The stock is trading near its 52-week high, reflecting investor confidence in the diversified growth strategy.
At the time of this announcement, JOYY was trading at $77.50 on NASDAQ in the Technology sector, with a market capitalization of approximately $3.7B. The 52-week trading range was $51.43 to $76.68. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: PR Newswire.