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

Micron Technology (MU) Q3 Earnings: Key financials and quarterly highlights

Micron Technology Inc. (NASDAQ: MU) reported third quarter 2022 earnings results today. Revenue increased 16% year-over-year to $8.64 billion. GAAP net income was $2.63 billion, or $2.34 per share, compared

Constellation Brands (STZ): Earnings beat and share structure revamp put brewer in the spotlight

Shares of Constellation Brands Inc. (NYSE: STZ) were down 4% on Thursday despite the company beating expectations on its first quarter 2023 earnings results. The stock has dropped 7% year-to-date.

Infographic: Key highlights from Constellation Brands (STZ) Q1 2023 earnings results

Constellation Brands, Inc. (NYSE: STZ) reported first quarter 2023 earnings results today. Net sales increased 17% year-over-year to $2.3 billion. Net income attributable to CBI was $390 million, or $2.06

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