— 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.
— 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.
Most Popular
Vail Resorts (MTN) can reward investors once it gets past market crisis
The recent travel restrictions have taken a heavy toll on the tourism industry, leaving almost all destinations deserted. Vail Resorts Inc. (NYSE: MTN), a leading operator of mountain ski resorts,
The coming months will prove to be a testing time for Boeing (BA)
Shares of Boeing Co. (NYSE: BA) were up 13% in afternoon hours on Monday. The stock is down 63% from its 52-week high of $391. As the aviation industry suffers
Wayfair (W) stock looks less attractive despite low price, thanks to market selloff
Shareholders of online furniture retailer Wayfair Inc. (NYSE: W) have been speculating about their returns for long, with the stock not making any meaningful gains in the past several months.