Key Highlights of JOYY Inc.'s Q2 2026 Performance:
1. Revenue growth continues to accelerate, with all three core businesses rising in unison
Total group revenue reached USD 590.8 million, achieving growth both year-over-year and quarter-over-quarter. The social entertainment business maintained steady growth, up 7.4% year-over-year; BIGO Ads continued its high-growth trajectory, up 53.1% year-over-year; SHOPLINE's growth further accelerated, up 28.6% year-over-year.
2. Profitability steadily improves, raising full-year operating profit growth expectations
Q2 non-GAAP operating profit reached USD 49.1 million, up 28.2% year-over-year and 29.4% quarter-over-quarter; non-GAAP EBITDA reached USD 56.9 million, up 18.1% year-over-year and 24.4% quarter-over-quarter. Based on the overall operational performance in the first half of the year and the continuous improvement in operational efficiency across various businesses, the company expects full-year 2026 non-GAAP operating profit to increase by approximately 20% year-over-year.
3. Continuously advancing the USD 1.5 billion shareholder return plan over three years
Based on the updated USD 1.5 billion shareholder return plan for 2026-2028 announced in May this year, from January 1 to August 21, JOYY has cumulatively repurchased shares worth USD 216.4 million and distributed dividends totaling USD 142.4 million, bringing the total shareholder returns to USD 358.8 million.

Risk Disclaimer: The above content only represents the author's view. It does not represent any position or investment advice of Futu. Futu makes no representation or warranty.Read more
Comments
to post a comment
1
