Non-GAAP Streaming Revenue Growth
Non-GAAP streaming revenue reached $123 million, marking a year-over-year increase of 25.3%, with non-live streaming revenue accounting for 25% of the group's total revenue for the first time.
Strong Operating Cash Flow
Operating cash flow for the fourth quarter was $58 million, indicating a healthy cash flow position.
Advertising Revenue Boost
Advertising revenue was approximately $18 million, a year-over-year growth of about 27%, driven by the success of Bigo Ads.
Bigo Live's North American Growth
Bigo Live's North American region saw Q1 MAU growth exceeding 7% year over year, with paying users increasing by approximately 4% in Q2.
Successful Product Improvements
Bigo Live launched a redesigned VIP benefit system, resulting in a 3% QOQ increase in ARPU for high-end users. Likee also saw a 7% increase in videos viewed per user and a 10% increase in overall video consumption time.
Positive Shareholder Returns
The company distributed $49.1 million in dividends and repurchased $22.5 million worth of shares, showing a commitment to returning value to shareholders.