Quarterly ResultMay 25, 2026, 07:01 PM
JOYY Q1 Revenue $555.7M, +12.4%; $1.5B Shareholder Return Program
AI Summary
JOYY Inc. announced strong first quarter 2026 financial results, with net revenues increasing 12.4% year-over-year to $555.7 million. The company's social entertainment business returned to year-over-year growth, while BIGO Ads and Shopline continued their strong momentum. Alongside the earnings, JOYY authorized a new share repurchase program of up to $600 million and a new quarterly dividend program totaling approximately $900 million over the next three years, reflecting confidence in its long-term potential.
Key Highlights
- New share repurchase program authorized for up to $600 million until end of 2028.
- New quarterly dividend program authorized for approximately $900 million between 2026 and 2028.
- Net revenues for Q1 2026 were $555.7 million, an increase of 12.4% year-over-year.
- Social Entertainment net revenues increased 3.2% year-over-year to $400.4 million.
- BIGO Ads net revenues surged 55.6% year-over-year to $124.8 million.
- Shopline net revenues grew 16.1% year-over-year to $30.5 million.
- Net income from continuing operations attributable to controlling interest was $50.7 million.
- Company expects Q2 2026 net revenues to be between $562 million and $581 million.
Price Impact
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