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

Also Read:  GAP Inc splits Old Navy into separate public company, posts Q4 results

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.

Top