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JOYY (JOYY)
NASDAQ:JOYY
Earnings Data
Report Date
May 26, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.91Last Year’s EPS
1.02Same Quarter Last Year
Strong Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 20, 2025
|% Change Since: -7.14%
|Next Earnings Date:May 26, 2025
Earnings Call Sentiment|Positive
JOYY's earnings call presented a strong focus on global expansion and non-livestreaming revenue growth, with substantial profitability and shareholder returns. However, challenges such as a decline in livestreaming revenue and significant goodwill impairment charges were noted. Despite these challenges, the positive highlights, particularly in non-GAAP net profit and robust non-livestreaming growth, outweigh the lowlights.Company Guidance
In the fourth quarter of 2024, JOYY Inc. reported a group revenue of $549.4 million, with a non-GAAP net profit of $96.1 million, marking a 57.1% increase quarter-over-quarter. The BIGO segment, a core business unit, generated $480 million in revenue and achieved a non-GAAP operating profit of $81 million, up 11.2% sequentially. For the entire year, JOYY's group revenue totaled $2.24 billion, with a non-GAAP net profit of $298.5 million, indicating a 2.0% year-over-year rise. The BIGO segment alone contributed $1.99 billion in revenue, experiencing a 3.3% increase year-over-year, and a non-GAAP net profit of $314.6 million, up by 4.2%. The company emphasized its strategic focus on enhancing monetization in developed markets, leading to a 24.6% revenue growth in these regions, now comprising 53.9% of total revenue. Additionally, JOYY's non-livestreaming revenue saw a significant 55.9% year-over-year growth, reaching $449.8 million, and is expected to maintain double-digit growth in 2025. The company also announced a quarterly cash dividend program amounting to $600 million over three years and a new share repurchase plan of $300 million through December 2027, reflecting a commitment to optimizing shareholder value.Strong Global Revenue Growth
In 2024, JOYY's global market revenue, excluding Mainland China, accounted for 89.6% of total revenue. Developed Countries saw a year-over-year revenue increase of 24.6%, boosting their share of the group's revenue to 53.9%.
Record Non-GAAP Net Profit
JOYY achieved a non-GAAP net profit of $96.1 million in the fourth quarter, up 57.1% quarter-over-quarter. For the full year 2024, the non-GAAP net profit was $298.5 million, a year-over-year increase of 2.0%.
BIGO Segment Performance
BIGO achieved revenues of $1.99 billion in 2024, a year-over-year increase of 3.3%, and a non-GAAP net profit of $314.6 million, up 4.2% year-over-year.
Robust Non-Livestreaming Revenue Growth
Non-livestreaming revenue increased 55.9% year-over-year to $449.8 million in 2024, accounting for 20.1% of total group revenue, up 7.4 percentage points from 2023.
Shareholder Returns
In 2024, JOYY repurchased 9.21 million ADSs for $309.2 million and announced a quarterly cash dividend program totaling $600 million over three years, alongside a $300 million share repurchase program until 2027.
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JOYY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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JOYY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Mar 20, 2025 | $45.80 | $40.28 | -12.05% |
Nov 27, 2024 | $34.20 | $37.81 | +10.56% |
Aug 27, 2024 | $32.80 | $33.81 | +3.08% |
May 28, 2024 | $31.90 | $30.61 | -4.04% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does JOYY (JOYY) report earnings?
JOYY (JOYY) is schdueled to report earning on May 26, 2025, TBA Not Confirmed.
What is JOYY (JOYY) earnings time?
JOYY (JOYY) earnings time is at May 26, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is JOYY EPS forecast?
JOYY EPS forecast for the fiscal quarter 2025 (Q1) is 0.91.
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