JOYY Inc., through its various subsidiaries, manages a diverse portfolio of social media platforms, delivering immersive video and audio-based experiences to users. ...
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$4.97 per share
Est. EPS $1.33 · Revenue $613.40M · 3 analysts
$4.97 per share
Est. EPS $1.76 · Revenue $642.04M · 3 analysts
EPS $1.01 · Revenue $591.73M
EPS $1.00 · Revenue $555.70M
EPS $39.40 · Revenue $2.12B
EPS $1.16 · Revenue $540.22M
EPS $1.13 · Revenue $507.76M
EPS $33.20 · Revenue $494.35M
| Metric | Latest | YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength. | QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes. |
|---|---|---|---|
| RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three). | $2.1B | -5.1% | +6.5% |
| Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day. | $2.1B | +1535.0% | +2.4% |
| Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials. | +35.9% | -0.3% | +0.2% |
| Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on). | +2.6% | +23.4% | +77.4% |
| Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales. | +98.8% | +1611.7% | -3.8% |
| Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock. | $158.9M | -29.1% | — |
| FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine. | +7.5% | -25.3% | — |
| Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe. | 0.5% | -26.6% | +37.0% |
| Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking. | 1.85x | +93.8% | +13.8% |
| Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground. | $7.6B | +0.4% | -0.5% |
| Metric | Annual (A vs E) | Annual Surprise | Quarter (A vs E) | Quarter Surprise |
|---|---|---|---|---|
| EPS Surprise | 39.40 vs 5.15 | +665.2% | 1.01 vs 1.17 | -14.0% |
| Revenue Surprise | $2.1B vs $2.1B | +0.7% | $591.7M vs $574.8M | +2.9% |
| Date | Executive | Title | Security | Side | Shares | Price |
|---|---|---|---|---|---|---|
| Mar 23, 2026 | Liu Qin | director | Class A Ordinary Shares | — | 0 | — |
| Mar 23, 2026 | Liu Qin | director: | — | — | 0 | — |
| Mar 18, 2026 | Liu Fuyong | officer | — | — | 0 | — |
| Mar 18, 2026 | Tang David Yuen Kwan | director | Class A common shares | — | 0 | — |
| Mar 18, 2026 | Ji Weidong | director | Class A common shares | — | 0 | — |
Operator: Ladies and gentlemen, thank you for standing by, and welcome to JOYY Inc.'s Second Quarter 2026 Earnings Call. [Operator Instructions] I'd now like to hand the conference over to your host today, Xueling Li, the company's Head of Investor Relations. Please go ahead, Xueling. Xueling Li: Thank you, operator. Hello, everyone. Welcome to JOYY's Second Quarter 2026 Earnings Conference Call. Joining us today are Ms. Ting Li, Chairperson and CEO of JOYY; and Mr. Alex Liu, Vice President of Finance. For today's call, management will provide a review of this quarter, followed by a Q&A session. The financial results and webcast of this conference call are available on our IR website, ir.joyy.com. Please note that today's call contains forward-looking statements made under the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from our current expectations. For detailed discussions of these risks and uncertainties, please refer to our latest annual report on Form 20-F and other documents filed with the SEC. Please also note that JOYY's earnings press release and this conference call include disclosures of GAAP and non-GAAP financial measures. A reconciliation of these non-GAAP measures to GAAP measures is included in today's earnings press release. All figures referenced on today's call are in U.S. dollars, unless otherwise noted. I will now turn the call over to our Chairperson and CEO, Ms. Ting Li. Please go ahead. Ting Li: Hello, everyone. I'm Li Ting. Thank you for joining us. Building on a strong first quarter, we delivered another solid result in Q2, recording accelerated revenue growth and notable improvement in operating profit. Our Social Entertainment, BIGO Ad, and Shopline business all advanced in tandem, while our globally diversified ecosystem continued to unlock growth momentum, propelling our long-term value to its next level. In the second quarter, we generated total revenue of $591 million, up 16.3% year-on-year and 6.3% Q-o-Q. Social Entertainment revenue was $423 million, up 7.4% year-on-year and 5.6% Q-o-Q. BIGO Ads, including both first-party and third-party businesses generated $134 million in revenue, up 53.1% year-on-year. With our third party, BIGO Audience Network, sustaining strong growth of 74.1% year-on-year. Shopline revenue reached $34 million with year-on-year growth further accelerating to 28.6%. Non-livestreaming revenue surpassed 31.8% of total revenue for the quarter. Non-GAAP operating profit reached $49 million, up 28.2% year-on-year and non-GAAP EBITDA reached $57 million, up 18.1% year-over-year. Operating cash flow for the quarter was $65 million. As of June 30, 2026, we held $3.06 billion in net cash. Since the start of this year, we have accelerated our capital returns. Year-to-date through August 21, 2026, we repurchased a cumulative $216 million in …
| Name | Title | Gender | Year Born | Status |
|---|---|---|---|---|
Tingzhen Xie | Investor Relations Senior Manager | Female | — | Active |
Xueling Li | Co-Founder & Director | Male | 1973 | Active |
Ting Li | Chairperson of the Board & Chief Executive Officer | Female | 1983 | Active |
Fuyong Liu | Vice President of Finance | Male | 1984 | Active |
JOYY Inc. delivered its fastest revenue growth in years, with Q2 2026 revenue up 16.3% YoY and non-GAAP operating income up 28.2%. I maintain a buy rating with a $91.8 ADR price target, reflecting over 20% upside, supported by a robust cash position and sustainable free cash flow. Social Entertainment is recovering with accelerating growth, while Bigo Ads' top-line surge is offset by stagnant gross profit and margin compression.
JOYY Inc. (JOYY) Q2 2026 Earnings Call Transcript
JOYY Reports Second Quarter 2026 Financial Results: Total Revenues Increase to US$590.8 Million, Driven by Growth Across Core Businesses
SINGAPORE, Aug. 25, 2026 /PRNewswire/ -- JOYY Inc. (NASDAQ: JOYY) ("JOYY" or the "Company"), a leading global technology company, today announced its unaudited financial results for the second quarter ended June 30, 2026. In the second quarter, JOYY generated total revenues of US$590.8 million, up 16.3% year over year and 6.3% quarter over quarter.
SINGAPORE, Aug. 26, 2026 (GLOBE NEWSWIRE) -- JOYY Inc. (NASDAQ: JOYY) (“JOYY” or the “Company”), a global technology company, today announced its unaudited financial results for the second quarter of 2026.
