Categories Earnings, Leisure & Entertainment

JOYY (NASDAQ: YY): Q4 2019 Earnings Snapshot

— JOYY Inc. (NASDAQ: YY), which was formerly known as YY Inc., reported its fourth-quarter 2019 adjusted earnings of RMB6.70 or $0.96 per American Depository Shares versus RMB6.47 per ADS expected.

— Net revenue jumped by 64.2% to RMB7.62 billion or $1.09 billion, versus RMB7.25 billion expected.

Earnings Update by AlphaStreet

— Live streaming revenues climbed by 63% on the continued live streaming revenues growth in the segments and the contribution from the consolidation of the Bigo segment. Other revenues soared by 89% on higher advertising revenues from Huya and Bigo.

— Global average mobile MAUs reached 485.2 million, among that 78.8% were from markets outside of China. The average mobile MAUs of Likee soared by 208.3% to 115.3 million.

— Average mobile MAUs of global live streaming services increased by 22% to 158.9 million from 130.8 million a year ago. The average mobile MAUs of IMO was 211 million.

— The total number of paying users of YY grew by 10% to 4.5 million while the total number of paying users of Huya increased by 6% to 5.1 million.

— Looking ahead into the first quarter, the company expects net revenues to be in the range of RMB6.75-6.85 billion. This represents year-over-year growth of 41.2-43.3%. The consensus estimates revenue of RMB6.86 billion.

We’re on Flipboard! Follow us to receive the latest stock market, earnings, and financial news at your fingertips

Most Popular

CCL Earnings: Carnival Corp. Q4 2024 revenue rises 10%

Carnival Corporation & plc. (NYSE: CCL) Friday reported strong revenue growth for the fourth quarter of 2024. The cruise line operator reported a profit for Q4, compared to a loss

Key metrics from Nike’s (NKE) Q2 2025 earnings results

NIKE, Inc. (NYSE: NKE) reported total revenues of $12.4 billion for the second quarter of 2025, down 8% on a reported basis and down 9% on a currency-neutral basis. Net

FDX Earnings: FedEx Q2 2025 adjusted profit increases; revenue dips

Cargo giant FedEx Corporation (NYSE: FDX), which completed an organizational restructuring recently, announced financial results for the second quarter of 2025. Second-quarter earnings, excluding one-off items, were $4.05 per share,

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top