JOYY Inc. Reports First Quarter 2026 Financial Results

JOYY Inc. announced its unaudited financial results for the first quarter of 2026. Net revenues increased by 12.4% year-over-year to US$555.7 million. The Social Entertainment segment saw a 3.2% increase to US$400.4 million, with live streaming revenues returning to year-over-year growth. BIGO Ads revenue surged by 55.6% to US$124.8 million, and Shopline revenue grew by 16.1% to US$30.5 million. Operating income was US$6.8 million, and Non-GAAP EBITDA was US$45.7 million. Net income from continuing operations attributable to controlling interest was US$50.7 million. The company also announced an updated shareholder return program, including repurchasing up to US$600 million in shares and distributing approximately US$900 million in dividends over the next three years. Global average mobile MAUs reached 276.3 million. The company expects net revenues for the second quarter of 2026 to be between US$562 million and US$581 million.