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Joyy Reports Revenue Growth in Q2, CEO Highlights AI-Driven Strategy
Reports. Ting Li, chairperson and CEO of Joyy, commented, "Building on a strong start to the year, we delivered another solid result in the second quarter, recording revenue growth both year over year and quarter over quarter. Our Social Entertainment, BIGO Ads, and SHOPLINE businesses all advanced in tandem, while our globally diversified ecosystem continued to unlock growth momentum. AI is a foundational technology driving broader application and deeper integration across our core operations, fueling our multi-engine growth strategy. Looking ahead, as we continue to strengthen the core competitiveness and profitability profile of our three business segments, we expect to drive JOYY's long-term value creation into its next phase."
Company Reports Q2 Revenue of $590.8 Million
Reports Q2 revenue $590.8M, consensus $570.4M. Global average mobile MAU6 reached 277.1 million in the second quarter of 2026, up by 5.5% from 262.5 million in the corresponding period of 2025, and up by 0.3% from 276.3 million in the first quarter of 2026. Ms. Ting Li, CEO, commented, "We are pleased to report another quarter of strong performance. Total revenues for the second quarter reached US$590.8 million, up 16.3% year over year, with revenue growth accelerating and operating income improving notably. Our Social Entertainment, BIGO Ads, and Shopline businesses all advanced in tandem, and our globally diversified ecosystem continued to unlock new growth opportunities as we forged ahead towards the next stage of our development. We remain committed to delivering shareholder value, returning a total of $358.8 million year-to-date through August 21, 2026, comprising $142.4 million in dividends and $216.4 million in share repurchases."
Joyy Stock Rises 20% to $65.29
Joyy is up 20.0%, or $10.87 to $65.29.
JOYY Q1 Revenue Reaches $555.7 Million, Announces $600 Million Buyback
Ting Li, Chairperson and Chief Executive Officer of JOYY, commented, "We are pleased to report a strong start to 2026. Total revenues for the first quarter reached US$555.7 million, up by 12.4% year over year, our strongest year over year growth rate in recent years. Our social entertainment business returned to year over year growth, while our second growth curve, Ad Tech and Smart Commerce, continued to progress with strong momentum. In light of our solid operational performance and robust balance sheet, we announced an updated shareholder return program, under which we could repurchase up to US$600 million worth of our shares and distribute approximately US$900 million in dividends over the next three years. This underscores our strong confidence in long-term potential of our business and demonstrates our continued commitment to delivering sustainable value to our shareholders."
Company Expects Q2 2026 Net Revenues Between $562M and $581M
For the second quarter of 2026, the Company expects net revenues to be between $562M and $581M. This forecast reflects the Company's current and preliminary views on the market, operational conditions and business strategies, which are subject to changes, particularly as to the potential impact from macroeconomic uncertainties.
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