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YY Stock Price & Analysis

JOYY Inc
$
41.550
+41.550(+0%)6M

YY Stock Price Chart

5D
1M
3M
6M
YTD
1Y
5Y

YY Fundamental Analysis

3
buy
Moderate Buy
Buy
Hold
Sell
bubble
High
63.00
bubble
Averages
61.03
bubble
Low
57.10
Analyst
Rating
Action
Price Target
Date
Rating Reason
JP Morgan
Daniel Chen
Hold
Maintains
$30 → $35
2024-09-03
Benchmark
Fawne Jiang
Hold
Reiterates
n/a
2024-08-29
B of A Securities
Lei Zhang
Strong Buy
Hold
Downgrades
$35
2024-03-25
Benchmark
Fawne Jiang
Strong Buy
Hold
Downgrades
n/a
2024-01-02
Benchmark
Fawne Jiang
Strong Buy
Reiterates
$49
2023-12-01

YY Earnings Analysis

JOYY Inc Corporation (YY.O) Q4 2024 Earnings Conference Call

Positive

  • Live Streaming Business Sale: Successfully completed the sale of the live streaming business for Mainland China, marking a new chapter for corporate development.

  • Ticker Symbol Change: Change of Nasdaq ticker symbol from YY to Joy, aligning with the strategic vision and globalization strategy.

  • Global Market Revenue Insights: In 2024, global market revenue excluding Mainland China accounted for 89.6% of total revenue, with developed countries seeing a 24.6% year-over-year revenue increase.

  • Q4 Revenue and Profit Surge: Achieved a group revenue of $549.4 million in Q4 2024, with a non-GAAP net profit of $96.1 million, up 57.1% quarter-over-quarter.

  • Bigo Revenue and Profit Growth: Bigo segment achieved revenues of $480 million in Q4 2024, with a non-GAAP operating profit of $81 million, up 11.2% quarter-over-quarter.

  • Bigo Segment Revenue Growth: For the full year 2024, group revenue was $2.24 billion, with Bigo segment revenues of $1.99 billion, a year-over-year increase of 3.3%.

  • Non-GAAP Operating Profit Growth: Achieved a non-GAAP operating profit of $136 million for the full year 2024, a year-over-year increase of 4.2%.

  • Shareholder Return Focus: Shareholder returns remain a high priority, with $309.2 million repurchased in 2024, representing 15.1% of total outstanding shares.

  • Dividend and Share Repurchase Program: Board approved a quarterly cash dividend program for the next three years, totaling approximately $600 million, and an additional share repurchase program of up to $300 million until December 2027.

  • Community Guidelines Update: Bigo Life's community guidelines were updated, enhancing safety and quality of content, and the annual Big O Awards Gala was successfully held, showcasing the platform's vibrant community.

  • Advertising Revenue Growth: Bigo's advertising revenue grew significantly, contributing 16.6% to total revenue, with expectations for continued double-digit growth in 2025.

Negative

  • Non-Live Streaming Revenue Growth: In Q4, the group’s non live streaming revenues continued to grow substantially both year over year and quarter over quarter, while our live streaming revenue experienced a decline.

  • Live Streaming Revenue Decline: The decline in live streaming revenue was primarily due to adjustments made to interactive features of Bigo’s non-core audio live streaming product and an unexpected temporary removal from platforms in Q4.

  • Gala Performance Amid Disruption: Despite the disruption, the annual gala delivered stronger than expected results, but the overall revenue was still affected by the live streaming decline.

  • Seasonal Impact Forecast: Looking ahead to Q1 2025, a stronger than usual negative seasonality impact is expected due to the coinciding Lunar New Year and Ramadan, which may affect user acquisition and operational events.

  • Impact of Product Adjustments: The adjustments made to the non-core audio live streaming product may still exert a negative impact on Bigo’s overall top line growth, especially when compared with the high base during the first three quarters of 2024.

  • Gross Margin Decline: Bigo’s non GAAP gross margin was down quarter on quarter due to shifts in revenue mix, which saw increased contribution from lower margin audience network advertising revenue.

  • Goodwill Impairment Charge: The goodwill impairment charge of $454.9 million was primarily attributable to lower valuation amid current market conditions, indicating potential issues with past acquisitions.

  • Bigo Segment Profit Outlook: The overall non GAAP operating profit for the Bigo segment is expected to remain roughly stable with certain potential for growth in 2025, but adjustments may still impact profitability.

  • Revenue Decline Analysis: The company’s total net revenues for the full year were down compared to 2023, indicating a potential decline in overall business performance.

YY News

bubble
4.5
03-20NASDAQ.COM
Thursday's ETF Movers: GUSA, KWEB
bubble
4.5
03-20NASDAQ.COM
Thursday's ETF Movers: URA, KWEB
bubble
2.0
03-20Benzinga
JOYY, Akebia Therapeutics, Microchip Technology And Other Big Stocks Moving Lower In Thursday's Pre-Market Session
bubble
9.5
03-20Benzinga
Why Five Below Shares Are Trading Higher By 12%; Here Are 20 Stocks Moving Premarket
bubble
8.0
03-20SeekingAlpha
JOYY declares $0.93 dividend

YY FAQs

YY Key Stats

High
42.565
Vol
642.01K
Low
41.421
Amount
26.88M
Open
42.270
VWAP
41.87
Mkt Cap
1.78B
EV/EBITDA(TTM)
13.54

YY Company Profile

JOYY Inc. is a global technology company. The Company operates several social products, including Bigo Live for live streaming, Likee for short-form videos, Hago for multiplayer social networking, an instant messaging product, and others. The Company operates through two segments: BIGO and All other. The BIGO segment primarily consists of several social entertainment platforms, including Bigo Live, Likee, imo, and others. The All other segments primarily consist of Hago, Shopline, and certain audio live streaming platforms. Bigo Live enables its users to share their life moments, showcase their talents, socialize and connect with other users. Likee enables users to easily discover, create and share short-form videos, empowered by its easy and all-in-one video creation tools, such as filters and special effects, and AI-backed personalized feed. Hago provides casual games, integrating social features such as audio and video multiuser chatrooms and 3D virtual interactive party games.