JOYY (YY) has released an update.
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JOYY Inc. reported a slight decline in revenues and net income for the third quarter of 2024 compared to the previous year. The company saw a decrease in average mobile monthly active users across its platforms, attributed to reduced spending on user acquisition. Despite these challenges, JOYY remains focused on diversifying its revenue streams and enhancing shareholder returns through strategic initiatives and a share repurchase program.
For further insights into YY stock, check out TipRanks’ Stock Analysis page.