YY Earnings Prediction
The chart below shows how YY performed 10 days before and after its earnings report, based on data from the past quarters. Typically, YY sees a +3.18% change in stock price 10 days leading up to the earnings, and a +6.06% change 10 days following the report. On the earnings day itself, the stock moves by -0.51%. This data can give you a slight idea of what to expect for the next quarter's release.
YY Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
558.65M
-1.48%
-1.15%
Gross Margin
37.25%
1.00%
5.82%
Operating Margin
2.94%
-8.41%
2572.73%
Net Margin
10.02%
-12.72%
18.44%
EPS
0.05
-44.44%
25.00%
No Data Available
YY Earnings Analysis
JOYY Inc. American Depositary Shares Corporation (YY.O) Earnings Conference Call
Positive
Quarterly Revenue Achievement: During the third quarter, our group revenue reached $558.7 million.
BIGO Revenue Increase: Our core business segment, BIGO, recorded revenues of $496 million, delivering a slight year-over-year increase.
Operating Profit Increase: Our group non-GAAP operating profit came in at $34.9 million, up 16.4% quarter-over-quarter.
Operating Profit Expansion: BIGO's non-GAAP operating profit expanded to $72.9 million, up 5.0% quarter-over-quarter, exceeding our expectations.
Operating Cash Flow Generation: We generated $61.1 million at the group level in operating cash flow.
Negative
Quarterly Revenue Comparison: Our total net revenues were $558.7 million in the third quarter, compared with $567.1 million in the same period last year.
Non-Live Streaming Revenue Growth: BIGO's non-live streaming revenues were $78.2 million, which was up substantially year-over-year, primarily due to the increase of advertising revenues.
Live Streaming Revenue Decline: BIGO's live streaming revenue was down year-over-year, mainly due to our proactive actions to optimize Bigo Live's content and user acquisition costs, and adjustments to BIGO's non-core audio live streaming product in certain markets.
Operating Expenses Comparison: Our group's operating expenses for the quarter were $192 million, compared with $191.3 million in the same period of 2023.
Net Income Comparison: BIGO's GAAP net income at attributable to controlling interest of JOYY in the quarter was $60.6 million compared to $72.9 million in the same period of 2023.
YY FAQs
How does YY typically perform around its earnings report dates?
Is JOYY Inc. (YY) Q3 2024 Earnings Call Summary positive or negative?
How can historical earnings data help predict future stock performance?
YY Earning Call Sentiment
JOYY Inc. (YY) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
YY.O
-0.02%Positive
The earnings call presents a mixed outlook. Financial performance shows a slight decline in revenues, but improvements in non-GAAP operating income and share repurchases are positive. The Q&A highlights growth in non-live streaming and advertising revenues, yet concerns remain about declining live streaming revenue and unclear guidance on capital returns. Despite a strong cash position, the market may react cautiously due to regulatory issues and cost challenges. The company's market cap suggests a moderate reaction, leading to a neutral prediction for stock movement.
