JOYY Inc. (NASDAQ: JOYY) saw its stock price surge 12.05% during pre-market trading on Tuesday, following the release of its first-quarter 2026 financial results.
The company reported quarterly revenue of $555.7 million, a 12.4% year-over-year increase that surpassed analyst estimates. Non-GAAP earnings per ADS came in at $1.11, also exceeding expectations. The results marked the company's strongest year-over-year revenue growth rate in recent years, driven by robust performance across all three newly reported business segments: Social Entertainment, BIGO Ads, and SHOPLINE.
Investors responded positively to the announcement of a significantly enhanced shareholder return program. JOYY's board authorized a new $600 million share repurchase program through 2028 and a quarterly dividend program that will distribute approximately $900 million over the same period, totaling $1.5 billion in planned shareholder returns. This substantial capital return initiative, combined with the strong quarterly performance and positive business momentum, fueled the stock's upward movement.
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