JOYY Inc. Reports Record Q1 Revenue Growth of 12.4%, BIGO Ads Surges 55.6%

Deep News05-26 07:04

JOYY Inc. (NASDAQ: JOYY) announced its financial results for the first quarter of 2026. The company achieved total revenue of $555.7 million, a year-over-year increase of 12.4%, marking the highest growth rate in recent years. All three of its core business segments reported growth. Social entertainment revenue reached $400.4 million, up 3.2% year-over-year. The advertising technology segment, BIGO Ads, generated $124.8 million in revenue, a significant increase of 55.6%. The e-commerce business, SHOPLINE, contributed $30.5 million, representing a 16.1% rise. On a non-GAAP basis, the company's operating profit for the quarter was $38.0 million, and EBITDA was $45.7 million, representing increases of 22.5% and 13.2%, respectively. Operating cash flow for Q1 reached $46.0 million. As of March 31, net cash stood at $3.18 billion. Concurrently, JOYY Inc. updated its three-year shareholder return plan. From 2026 to 2028, the company is authorized to repurchase up to $600 million worth of shares and distribute $900 million in dividends, for a combined total of $1.5 billion over the three-year period.

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Reports Record Q1 Revenue Growth of 12.4%, BIGO Ads Surges 55.6%\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1039043262\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/8296859682db4b478146245e72de1922);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Deep News </p>\n<p class=\"h-time\">2026-05-26 07:04</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>JOYY Inc. (NASDAQ: JOYY) announced its financial results for the first quarter of 2026. The company achieved total revenue of $555.7 million, a year-over-year increase of 12.4%, marking the highest growth rate in recent years. All three of its core business segments reported growth.\nSocial entertainment revenue reached $400.4 million, up 3.2% year-over-year. The advertising technology segment, BIGO Ads, generated $124.8 million in revenue, a significant increase of 55.6%. 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