Education
About Us
Working with TipRanks
Follow Us
Joyy, Inc. (YY)
NASDAQ:YY
Top Page
JOYY
(NASDAQ:YY)
Rating:52Neutral
Price Target:―
Positive Factors
Acquisition
The finalized sale of YY Live to Baidu for $2.1 billion in cash has removed uncertainty and mitigated downside risks to the company's net cash position.
Capital Returns
Management is expected to increase capital returns to shareholders, potentially including cash dividends in addition to its ongoing buyback.
Stock Upgrade
YY stock has been upgraded to Buy with a set price target of $63 following the clearance of the overhang from the YY Live sale.
Negative Factors
Deal Uncertainties
Uncertainties related to the Baidu & YY Live deal remain, and any updates could ease market concerns.
Regulatory Environment
Domestic audio streaming is under transition with further business adjustment amid a tightened regulatory environment.
JOYY (YY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$2.19B
Dividend YieldN/A
Average Volume (3M)N/A
Price to Earnings (P/E)14.6
Beta (1Y)0.72
Revenue Growth-1.33%
EPS Growth-148.56%
CountryUS
Employees7,449
SectorCommunication Services
Sector Strength81
IndustryInternet Content & Information
Share Statistics
EPS (TTM)-2.73
Shares Outstanding35,733,160
10 Day Avg. VolumeN/A
30 Day Avg. VolumeN/A
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)1.19
Price to Sales (P/S)1.13
P/FCF Ratio0.00
Enterprise Value/Market Cap0.16
Enterprise Value/Revenue0.15
Enterprise Value/Gross Profit0.42
Enterprise Value/Ebitda1.47
Forecast
1Y Price Target
$61.03Price Target Upside44.90% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
JOYY Business Overview & Revenue Model
Company DescriptionJOYY Inc., together with its subsidiaries, operates social media platforms that offer users engaging and experience across various video and audio-based social platforms. The company operates Bigo Live, a live streaming platform that allows users to live stream specific moments, such as showcase talents, socialize, and connect with other users worldwide; Likee, a short-form video social platform that focuses on enabling users to create short-form video; Hago, a casual game-oriented social platform; and imo, a chat and instant messaging application with functions, including video calls and other communication tools, such as group calls, document sharing, etc.. It operates in the People's Republic of China, the United States, the Great Britain, Japan, South Korea, Australia, the Middle East, and Southeast Asia and others. The company was formerly known as YY Inc. and changed its name to JOYY Inc. in December 2019. JOYY Inc. was founded in 2005 and is headquartered in Singapore.
How the Company Makes MoneyJOYY Inc. generates revenue primarily through its live streaming services. The company employs a virtual gifting model, where users purchase virtual items and gifts to send to content creators during live streams. These purchases are made using in-app currencies, which are bought with real money. JOYY also earns revenue from advertising on its platforms, as businesses pay to reach the company's broad and engaged user base. In addition to these revenue streams, JOYY may engage in strategic partnerships and collaborations that enhance its service offerings and expand its market presence, further contributing to its financial performance.
JOYY Financial Statement Overview
Summary
Income Statement
Balance Sheet
Cash Flow
| Breakdown | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 2.24B | 2.27B | 2.41B | 2.62B | 2.03B |
| Gross Profit | 806.20M | 813.03M | 852.13M | 837.90M | 569.60M |
| EBITDA | 167.63M | 422.42M | 158.71M | 119.81M | 292.59M |
| Net Income | -146.24M | 301.82M | 600.00M | -103.33M | ― |
Balance Sheet | |||||
| Total Assets | 7.52B | 8.48B | 9.07B | 9.12B | 8.08B |
| Cash, Cash Equivalents and Short-Term Investments | 1.81B | 3.69B | 3.94B | 4.39B | 3.55B |
| Total Debt | 31.04M | 488.53M | 907.58M | 940.85M | 913.05M |
| Total Liabilities | 2.76B | 3.19B | 3.57B | 3.49B | 1.78B |
| Stockholders Equity | 4.71B | 5.16B | 5.18B | 5.53B | 6.23B |
Cash Flow | |||||
| Free Cash Flow | 224.16M | 213.57M | 247.28M | 25.54M | 362.27M |
| Operating Cash Flow | 308.66M | 295.58M | 316.49M | 210.42M | 524.10M |
| Investing Cash Flow | -210.25M | 420.37M | -510.28M | 789.59M | 828.82M |
| Financing Cash Flow | -707.83M | -841.75M | -321.91M | -723.54M | ― |
JOYY Risk Analysis
JOYY disclosed 91 risk factors in its most recent earnings report. JOYY reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
JOYY Peers Comparison
Overall Rating
UnderperformOutperform
Sector (60)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | $1.29B | 7.56 | 12.39% | ― | -11.02% | -5.17% | |
72 Outperform | $30.76B | 25.84 | 14.37% | 0.81% | 4.59% | 83.27% | |
69 Neutral | $9.31B | ― | -4.29% | ― | 21.11% | 87.93% | |
65 Neutral | $719.70M | ― | -1.62% | 79.19% | -7.15% | 22.29% | |
60 Neutral | $41.55B | -3.91 | -10.69% | 4.16% | 2.78% | -48.99% | |
55 Neutral | $225.74M | ― | -6.76% | ― | -18.43% | -349.12% | |
52 Neutral | $2.19B | 14.64 | -2.96% | ― | -1.33% | -148.56% |
* Communication Services Sector Average
Performance Comparison
YY
JOYY
38.14
3.26
9.35%
MOMO
Hello Group
8.05
1.46
22.15%
BILI
Bilibili
22.75
9.26
68.64%
HUYA
Huya
3.22
1.07
49.77%
TME
Tencent Music Entertainment Group
22.13
9.16
70.62%
DOYU
DouYu International Holdings
7.48
4.02
116.18%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: ―