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.

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