Quarterly ResultMay 26, 2026, 06:32 AM
JOYY Q1 Revenue +12.4% to $555.7M; Boosts Buyback to $600M, Dividend to $900M
AI Summary
JOYY Inc. reported strong first-quarter 2026 unaudited financial results, with net revenues increasing 12.4% year-over-year to $555.7 million. This growth was driven by a 3.2% rise in Social Entertainment net revenues, a 55.6% surge in BIGO Ads net revenues, and a 16.1% increase in Shopline net revenues. The company also announced an updated shareholder return program, authorizing up to $600 million in share repurchases and approximately $900 million in quarterly dividends through 2028.
Key Highlights
- Net revenues rose 12.4% YoY to $555.7 million in Q1 2026.
- Social Entertainment net revenues increased 3.2% YoY to $400.4 million.
- BIGO Ads net revenues surged 55.6% YoY to $124.8 million.
- Shopline net revenues grew 16.1% YoY to $30.5 million.
- Global average mobile MAUs reached 276.3 million, up 6.1% YoY.
- New share repurchase program authorizes up to $600 million until end of 2028.
- New quarterly dividend program authorizes $900 million in cash through 2028.
- Q1 2026 diluted net income per ADS was $1.00, up from $0.84 YoY.
Price Impact
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