JOYY Reports Steady Profit Growth for 2024, Full-Year Buybacks Exceed US$300 Million
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 20 2025
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Should l Buy ?
Source: Newsfilter
Financial Performance: JOYY Inc. reported a revenue of US$2.24 billion for the full year 2024, with a net profit of US$298.5 million, reflecting steady growth and an increase in non-GAAP operating income by 4.2%. The BIGO segment contributed significantly with revenues of US$1.99 billion.
Strategic Initiatives: The company announced a quarterly dividend policy totaling approximately US$600 million over three years and initiated a share repurchase program of up to US$300 million. Additionally, JOYY plans to enhance operational efficiency and user experience through AI-driven innovations while expanding its global market presence.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
