JOYY Reports Strong Q2 Growth as Ad and E-commerce Engines Expand

Earnings
โดย Insider Monkey·US·Read original
Summary · why it matters

JOYY Inc. reported second-quarter results showing a livestreaming company diversifying into advertising and e-commerce, with net revenue up 16.3% year over year to $590.8 million and non-GAAP operating income up 28.2% to $49.1 million. The growth was broad-based, with social entertainment, advertising, and e-commerce all expanding, and management expects non-livestreaming businesses to approach half of group revenue by 2028. BIGO Ads generated $133.7 million in revenue, up 53.1% year over year, while Shopline posted $34.4 million, up 28.6%, with cross-border merchant business growing 73.5%. The company held $3.06 billion in net cash as of June 30, 2026, and returned $359 million to shareholders this year through buybacks and dividends. However, a weakening U.S. dollar caused a $14 million unrealized foreign exchange loss in the second quarter, and management's third-quarter guidance points to only moderate single-digit growth for the core social entertainment segment.

Impact on stocks 2

Communication Services▲ · 1 stocks
Spatial Computing / AR/VR▲ · 1 stocks
© 2026 MarketDXNews