Categories Earnings, LATEST, Technology
Earnings preview: What to expect when YY reports Q2 earnings
Chinese social media company YY Inc. (NASDAQ: YY) is scheduled to report second quarter 2019 earnings results on Tuesday, August 13, after regular hours. Analysts expect the company to report earnings of $0.88 per share on revenue of $881 million.
YY’s topline results in the second quarter are expected to benefit from momentum in live streaming services. The company is investing significantly in order to expand its user base and drive user engagement through tailored content and technological capabilities and these efforts are likely to aid growth.

Updates on the performance of Bigo, which YY acquired in March, will also be worth watching. YY faces stiff competition in China from the likes of Momo, TikTok and Tencent Music Entertainment.
In the first quarter of 2019, YY reported revenue that topped expectations and earnings that were in line with estimates. Revenues rose 47% to $705.3 million while adjusted EPS totaled $1.38.
Global video and live streaming average mobile monthly active users (MAU) reached over 400 million in Q1, of which over 75% were from outside China. Average mobile MAU increased by 65.6% to 59.8 million.
YY’s shares have dropped over 8% thus far this year and 21% in the past one month. The stock has an average 12-month price target of $76.55.
Game streaming company Huya (NYSE: HUYA), in which YY holds a majority stake, is scheduled to report earnings on Tuesday as well.
Most Popular
Key highlights from Autodesk (ADSK) Q4 2021 earnings results
Autodesk, Inc. (NASDAQ: ADSK) today reported its fourth quarter financial results for the period ended January 31, 2021. Net income for the fourth quarter was $911.3 million, or $4.10 per
Infographic: Beyond Meat (BYND) reports wider Q4 loss; Revenue up 4%
Beyond Meat (NASDAQ: BYND), a specialist in plant-based meat substitutes, Thursday reported a wider loss for the fourth quarter, despite an increase in revenues. The numbers also missed the consensus
Virgin Galactic stock tanks on delayed test flight
Virgin Galactic (NYSE: SPCE) reported fourth-quarter 2020 financial results after the regular market hours on Thursday. The space tourism company reported zero revenue in the fourth quarter, compared to $529,000