JOYY (YY) has released an update.
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JOYY Inc. reports a promising start to 2024 with a substantial year-over-year increase in net profits, driven by a steady rise in paying users and a diversification of revenue streams. Despite a slight decline in net revenues and mobile MAUs for some platforms, the company’s strategic focus on cost efficiency and product innovation has led to increased net income and a robust share repurchase program. JOYY’s confident outlook is underscored by strong financials and ongoing operational enhancements aimed at long-term growth.
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