SINGAPORE, May 28, 2024 /PRNewswire/ -- JOYY Inc. (NASDAQ: YY) ("JOYY" or the "Company"), a global leading technology company, announced its unaudited financial results for the first quarter of 2024.During the first quarter, JOYY's revenue came in at US$564.6 million. The Company's core business segment BIGO continued its topline recovery trend, generating revenues of US$505.2 million, a year-over-year increase of 8.0%. JOYY recorded net profit and non-GAAP net profit1 of US$ 45.3 million and US$67.2 millio ...

SINGAPORE, May 29, 2024 (GLOBE NEWSWIRE) -- JOYY Inc. (NASDAQ:YY) ("JOYY" or the "Company"), a global technology company, today announced its unaudited financial results for the first quarter of 2024. First Quarter 2024 Financial Highlights1 Net revenues were US$564.6 million, compared to US$583.6 million in the corresponding period of 2023.Net income attributable to controlling interest of JOYY2 was US$45.3 million, compared to US$28.0 million in the corresponding period of 2023.Non-GAAP net income attribu ...

SINGAPORE, May 29, 2024 (GLOBE NEWSWIRE) -- JOYY Inc. (NASDAQ: YY) (“JOYY” or the “Company”), a global technology company, today announced its unaudited financial results for the first quarter of 2024. First Quarter 2024 Financial Highlights1 Net revenues were US$564.6 million, compared to US$583.6 million in the corresponding period of 2023.Net income attributable to controlling interest of JOYY2 was US$45.3 million, compared to US$28.0 million in the corresponding period of 2023.Non-GAAP net income attrib ...

SINGAPORE, May 17, 2024 (GLOBE NEWSWIRE) -- JOYY Inc. (NASDAQ:YY) ("JOYY" or the "Company"), a global technology company, today announced that it plans to release its first quarter 2024 financial results after the U.S. market closes on May 28, 2024. The Company's management will host an earnings conference call at 9:00 PM U.S. Eastern Time on Tuesday, May 28, 2024 (9:00 AM Singapore/Hong Kong Time on Wednesday, May 29, 2024). Details for the conference call are as follows: Event Title:JOYY Inc. First Quarte ...

SINGAPORE, May 17, 2024 (GLOBE NEWSWIRE) -- JOYY Inc. (NASDAQ: YY) (“JOYY” or the “Company”), a global technology company, today announced that it plans to release its first quarter 2024 financial results after the U.S. market closes on May 28, 2024. The Company’s management will host an earnings conference call at 9:00 PM U.S. Eastern Time on Tuesday, May 28, 2024 (9:00 AM Singapore/Hong Kong Time on Wednesday, May 29, 2024). Details for the conference call are as follows: Event Title:JOYY Inc. First Quart ...

SINGAPORE, April 27, 2024 (GLOBE NEWSWIRE) -- JOYY Inc. (NASDAQ:YY) ("JOYY" or the "Company"), a global technology company, today announced that it filed its annual report on Form 20-F for the fiscal year ended December 31, 2023, with the Securities and Exchange Commission on April 26, 2024, Eastern Time. The annual report can be accessed on the Company's investor relations website at http://ir.joyy.com. The Company will provide a hard copy of its annual report containing the audited consolidated financial ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023. OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES ...

SINGAPORE, April 12, 2024 (GLOBE NEWSWIRE) -- JOYY Inc. (NASDAQ:YY) ("JOYY" or the "Company"), a global technology company, today announced that it is notifying holders of its 1.375% Convertible Senior Notes due 2026 (CUSIP No. 98426T AF3) (the "2026 Notes") that pursuant to the Indenture dated as of June 24, 2019 (the "Indenture") relating to the 2026 Notes by and between the Company and Citicorp International Limited, as trustee, each holder has the right, at the option of such holder, to require the Comp ...

Investment Rating - Neutral rating for YY US with a target price of $37, implying a potential upside of 10.9% [1][2] Core Views - YY's Q4 2023 revenue of $570 million slightly exceeded expectations by 2%, with adjusted net profit of $64 million, up 28% YoY [2] - BIGO segment showed steady recovery with 3% YoY revenue growth in Q4 2023, driven by 8% YoY growth in paying users [2] - Management guided Q1 2024 revenue of $543-560 million, 5% above Bloomberg consensus [2] - 2024 BIGO revenue growth is expected to be 6%, partially offset by adjustments in the voice business [2] - The termination of the YY Live deal with Baidu has negatively impacted investor sentiment [2] Financial Performance - YY's 2023 revenue declined 6% YoY to $2.268 billion, with a 1.4% growth expected in 2024 [5] - Non-GAAP net profit for 2023 was $293 million, with a forecasted decline of 8% to $270 million in 2024 [5] - BIGO Live MAU grew 4% YoY in Q4 2023, with strong growth in Middle East (+13%), Europe (+11%), and Japan/Korea/Australia/New Zealand (+8%) [2][6] - Likee MAU declined 14% YoY in Q4 2023, but ad revenue surged nearly 2.5x for the full year [2] - Hago achieved positive operating cash flow for the first time in 2023 [2] Valuation and Shareholder Returns - Target price revised down to $37 from $39 based on a 10-year DCF model, implying a 2024 P/E of 8x [2] - YY returned $355 million to shareholders in 2023 through dividends and buybacks, representing 122% of adjusted net profit [2] - Over $500 million in buyback capacity remains as of the report date [2] Industry Context - YY is categorized under the entertainment content sub-sector, alongside peers like Bilibili, Kuaishou, and Tencent Music [11] - The report covers a broad range of internet and education companies, with most receiving Buy ratings [11]

Exhibit 99.1 JOYY Reports Fourth Quarter and Full Year 2023 Unaudited Financial Results Singapore, March 19, 2024 (GLOBE NEWSWIRE) -- JOYY Inc. (NASDAQ: YY) ("JOYY" or the "Company"), a global technology company, today announced its unaudited financial results for the fourth quarter and full year of 2023. Fourth Quarter 2023 Financial Highlights ● Net revenues were US$569.8 million, compared to US$604.9 million in the corresponding period of 2022. ● Net income attributable to controlling interest of JOYYwas ...