Categories Earnings, Technology

YY Inc (NASDAQ: YY): Q3 2019 Earnings Snapshot

— Chinese social media giant YY Inc. (NASDAQ: YY) reported its third-quarter 2019 adjusted earnings of $0.90 per American Depository Shares versus $0.80 per ADS expected.

— Net revenue jumped by 68% to $962.9 million versus $944.32 million expected.

Earnings Update by AlphaStreet

— Live streaming revenues climbed by 66.2% on the continued live streaming revenues growth in the segments, user growth, and the contribution from the consolidation of the Bigo segment.

— Other revenues soared by 98.3% primarily driven by the increase in advertising revenues from Huya and Bigo.

— Global average mobile MAUs reached 470.1 million, among that approximately 77.9% were from markets outside of China. The average mobile MAUs of IMO reached 212.0 million.

— Average mobile MAUs of global short-form video services increased by 670.6% to 150.4 million from 19.5 million in the corresponding period of 2018.

— Average mobile MAUs of global live streaming services increased by 26.5% to 157.8 million from 124.8 million a year ago.

— The total number of paying users of YY increased by 14.4% to 4.3 million while the total number of paying users of Huya grew by 28.5% to 5.3 million.

— Looking ahead into the fourth quarter, the company expects net revenues to be between RMB7.32 billion and RMB7.52 billion. This represents year-over-year growth of 57.7% to 62%.

Browse through our earnings calendar and get all scheduled earnings announcements, analyst/investor conference and much more!

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