JOYY (NASDAQ:YY) Stock, Quote.Headers.trade-ideas

JOYY

JOYY Inc is a global technology company offering comprehensive innovation capabilities. The company enables users to interact with others in real time. The group is actively exploring and expanding its global commerce Software-as-a-Service and solutions business. JOYY emphasizes technological innovation and is recognized in the industry for its significant number of patent applications and licenses.

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Shares of  Peraso Inc. (NASDAQ: PRSO) fell sharply during Tuesday’s session after the company reported worse-than-expected fourth-quarter EPS results.

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JOYY Inc

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JP Morgan analyst Daniel Chen maintains JOYY (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/YY#NASDAQ">YY</a>) with a Neutral and raises the price target from $30 to $35.

Price Target

Analyst Ratings

JP Morgan Maintains Neutral on JOYY, Raises Price Target to $35

Benchmark analyst Fawne Jiang reiterates JOYY (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/YY#NASDAQ">YY</a>) with a Hold.

Reiteration

Benchmark Reiterates Hold on JOYY

Second Quarter&nbsp;2024 Operational Highlights
<ul>
<li>Average mobile MAUs of Bigo Live&nbsp;was 37.7 million, compared to 38.5 million in the corresponding period of 2023.</li>
<li>Average mobile MAUs of Likee&nbsp;was 35.6 million, compared to 43.2 million in the corresponding period of 2023, primarily due to disciplined spending on user acquisition via advertisement.</li>
<li>Average mobile MAUs of Hago&nbsp;was 4.4 million, compared to 5.5 million in the corresponding period of 2023, primarily due to disciplined spending on user acquisition via advertisement.</li>
<li>Global average mobile MAUs4&nbsp;was 275.2 million, compared to 275.6 million in the corresponding period of 2023.</li>
<li>Total number of paying users of BIGO (including Bigo Live, Likee and imo)5&nbsp;was 1.66 million, compared to 1.53 million in the corresponding period of 2023.</li>
<li>Average revenue per paying user of BIGO (including Bigo Live, Likee and imo)6&nbsp;was&nbsp;</li>
</ul>

JOYY's Q2 Global Average Mobile MAUs 275.2M Compared To 275.6M YoY; Total Number Of Paying Users Of BIGO 1.66M, Compared To 1.53M YoY

Business&nbsp;Outlook
For the&nbsp;third quarter&nbsp;of 2024, the Company expects net revenues to be between US$555 million and US$569 million. This forecast reflects the Company&#39;s current and preliminary views on the market, operational conditions and business strategies, which are subject to changes, particularly as to the potential impact from increasing macroeconomic uncertainties.

Guidance

JOYY Expects Q3 Net Revenues To Be Between $555M-$569M Vs. $575M Consensus

JOYY (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/YY#NASDAQ">YY</a>) reported quarterly earnings of $1.17 per share which beat the analyst consensus estimate of $0.89 by 31.46 percent. This is a 9.3 percent decrease over earnings of $1.29 per share from the same period last year. The company reported quarterly sales of $565.13 million which beat the analyst consensus estimate of $558.00 million by 1.28 percent. This is a 3.25 percent increase over sales of $547.33 million the same period last year.

JOYY Q2 Adj. EPS $1.17 Beats $0.89 Estimate, Sales $565.13M Beat $558.00M Estimate

WIIM

JOYY shares are trading lower after the company reported Q1 financial results.

<h3>Gainers</h3>
<ul>
<li>Gamer Pakistan (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GPAK#NASDAQ">GPAK</a>) stock moved upwards by 17.2% to $0.29 during Wednesday's pre-market session. The market value of their outstanding shares is at $7.4 million. </li>
<li>AST SpaceMobile (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASTS#NASDAQ">ASTS</a>) stock increased by 15.19% to $6.14. The company's market cap stands at $857.2 million. </li>
<li>Starbox Group Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STBX#NASDAQ">STBX</a>) stock moved upwards by 8.19% to $0.21. The market value of their outstanding shares is at $30.7 million. </li>
<li>Collective Audience (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAUD#NASDAQ">CAUD</a>) stock moved upwards by 7.2% to $0.47. The market value of their outstanding shares is at $6.4 million. </li>
<li>Vivid Seats (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEAT#NASDAQ">SEAT</a>) stock moved upwards by 6.99% to $5.2. The company's market cap stands at $683.4 million. </li>
<li>So-Young Intl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SY#NASDAQ">SY</a>) stock increased by 6.95% to $1.06. The market value of their outstanding shares is at $108.1 million. The company's, Q1 earnings came out yesterday. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Sify Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SIFY#NASDAQ">SIFY</a>) shares decreased by 19.6% to $1.35 during Wednesday's pre-market session. The company's market cap stands at $247.4 million. </li>
<li>Onfolio Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ONFO#NASDAQ">ONFO</a>) shares fell 15.04% to $1.13. The company's market cap stands at $5.7 million. </li>
<li>JOYY (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/YY#NASDAQ">YY</a>) stock decreased by 8.43% to $29.9. The market value of their outstanding shares is at $1.7 billion. As per the news, the Q1 earnings report came out yesterday. </li>
<li>Leafly Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LFLY#NASDAQ">LFLY</a>) shares declined by 6.59% to $1.56. The market value of their outstanding shares is at $3.6 million. </li>
<li>Telephone and Data (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TDS#NYSE">TDS</a>) stock fell 5.88% to $17.96. The market value of their outstanding shares is at $2.0 billion. </li>
<li>Fangdd Network Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DUO#NASDAQ">DUO</a>) shares declined by 5.76% to $1.0. The market value of their outstanding shares is at $6.4 million. 
See Also: <a href="http://www.benzinga.com/money/best-communication-services-stocks/" title="www.benzinga.com/money/best-communication-services-stocks/">www.benzinga.com/money/best-communication-services-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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12 Communication Services Stocks Moving In Wednesday's Pre-Market Session

For the second quarter of 2024, the Company expects net revenues to be between US$538 million and US$569 million. This forecast reflects the Company&rsquo;s current and preliminary views on the market, operational conditions and business strategies, which are subject to changes, particularly as to the potential impact from increasing macroeconomic uncertainties.

JOYY For Q2 Expects Net Revenues To Be Between $538M-$569M Vs. $565M Consensus

First Quarter 2024&nbsp;Operational Highlights
<ul>
<li>Average mobile MAUs of Bigo Live&nbsp;was 37.1 million, compared to 37.7 million in the corresponding period of 2023.</li>
<li>Average mobile MAUs of Likee&nbsp;was 37.5 million, compared to 44.9 million in the corresponding period of 2023, primarily due to disciplined spending on user acquisition via advertisement.</li>
<li>Average mobile MAUs of Hago&nbsp;was 4.5 million, compared to 5.9 million in the corresponding period of 2023, primarily due to disciplined spending on user acquisition via advertisement.</li>
<li>Global average mobile MAUs4&nbsp;was 277.3 million, compared to 272.9 million in the corresponding period of 2023.</li>
<li>Total number of paying users of BIGO (including Bigo Live, Likee and imo)5&nbsp;was 1.67 million, compared to 1.57 million in the corresponding period of 2023.</li>
<li>Average revenue per paying user of BIGO (including Bigo Live, Likee and imo)6&nbsp;was US$235.4, compared to US$244.8 in the corresponding period of 2023.</li>
</ul>

JOYY's Q1 Global Average Mobile MAUs 277.3M Compared To 272.9M YoY; Total Number Of Paying Users Of BIGO 1.67M, Compared To 1.57M YoY

JOYY (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/YY#NASDAQ">YY</a>) reported quarterly earnings of $1.02 per share which beat the analyst consensus estimate of $0.81 by 25.93 percent. This is a 59.38 percent increase over earnings of $0.64 per share from the same period last year. The company reported quarterly sales of $564.560 million which beat the analyst consensus estimate of $552.667 million by 2.15 percent. This is a 3.27 percent decrease over sales of $583.628 million the same period last year.

Earnings Beats

JOYY Q1 2024 Adj EPS $1.02 Beats $0.81 Estimate, Sales $564.560M Beat $552.667M Estimate

B of A Securities analyst Lei Zhang downgrades JOYY (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/YY#NASDAQ">YY</a>) from Buy to Neutral and announces $35 price target.

Downgrades

B of A Securities Downgrades JOYY to Neutral, Announces $35 Price Target

JOYY shares are trading lower after the company reported Q4 financial results and issued Q1 net revenue guidance below estimates.

Fourth Quarter&nbsp;2023&nbsp;Operational Highlights
<ul>
<li>Average mobile MAUs of Bigo Live&nbsp;increased by&nbsp;4.5%&nbsp;to 38.4 million from 36.8 million in the corresponding period of 2022.</li>
<li>Average mobile MAUs of Likee&nbsp;was 39.1 million, compared to 45.3 million in the corresponding period of 2022, primarily due to reduced spending on user acquisition via advertisement.</li>
<li>Average mobile MAUs of Hago&nbsp;was 4.6 million, compared to 6.7 million in the corresponding period of 2022, primarily due to reduced spending on user acquisition via advertisement.</li>
<li>Global average mobile MAUs4&nbsp;increased by&nbsp;2.6%&nbsp;to 274.9 million from 267.9 million in the corresponding period of 2022.</li>
<li>Total number of paying users of BIGO&nbsp;(including Bigo Live, Likee and imo)5&nbsp;increased by&nbsp;7.9%&nbsp;to 1.67 million from 1.55 million in the corresponding period of 2022.</li>
<li>Average revenue per paying user of BIGO&nbsp;(including Bigo Live, Likee and imo)6&nbsp;was US$244.8, compared to US$251.3 in the corresponding period of 2022.</li>
</ul>

JOYY's Q4 Average Mobile MAUs Of Bigo Live Increased By 4.5% YoY; Total Number Of Paying Users Of BIGO Up 7.9% YoY

Business&nbsp;Outlook
For the&nbsp;first quarter&nbsp;of 2024, the Company expects net revenues to be between US$543 million and US$560 million. This forecast reflects the Company&#39;s current and preliminary views on the market, operational conditions and business strategies, which are subject to changes, particularly as to the potential impact from increasing macroeconomic uncertainties

JOYY Expects Q1 2024 Net Revenues Of $543M-$560M Vs. $579.45M Consensus.

JOYY (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/YY#NASDAQ">YY</a>) reported quarterly adjusted earnings of $1.01 per share which beat the analyst consensus estimate of $0.77 by 31.17 percent. This is a 55.38 percent increase over earnings of $0.65 per share from the same period last year. The company reported quarterly sales of $569.84 million which beat the analyst consensus estimate of $558.30 million by 2.07 percent. This is a 2.88 percent decrease over sales of $586.73 million the same period last year.

JOYY Q4 Adj. EPS $1.01 Beats $0.77 Estimate, Sales $569.84M Beat $558.30M Estimate

JOYY (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/YY#NASDAQ">YY</a>) is set to give its latest quarterly earnings report on Monday, 2024-03-18. Here's what investors need to know before the announcement.
Analysts estimate that JOYY will report an earnings per share (EPS) of $0.77. 
JOYY bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Past Earnings Performance</h3>
Last quarter the company beat EPS by $0.53, which was followed by a 0.16% drop in the share price the next day.
Here's a look at JOYY's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.69</td>
<td>0.40</td>
<td>0.34</td>
<td>0.24</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>1.22</td>
<td>1.29</td>
<td>0.64</td>
<td>0.65</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-0.0%</td>
<td>0.0%</td>
<td>-8.0%</td>
<td>3.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1710511254_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of JOYY were trading at $31.87 as of March 14. Over the last 52-week period, shares are up 9.83%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<a href="https://www.benzinga.com/quote/YY/earnings">To track all earnings releases for JOYY visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Outlook For JOYY

Benchmark analyst Fawne Jiang downgrades JOYY (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/YY#NASDAQ">YY</a>) from Buy to Hold.

Benchmark Downgrades JOYY to Hold

JOYY shares are trading lower after the company announced it received a written notice from an affiliate of Baidu purporting to terminate the Share Purchase Agreement, dated November 16, 2020.

JOYY Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/YY#NASDAQ">YY</a>) (&quot;JOYY&quot; or the &quot;Company,&quot; formerly known as YY Inc.), a global technology company, announced that the Company received a written notice (the &quot;Notice&quot;) from an affiliate of Baidu, Inc. (&quot;Baidu&quot;) today purporting to terminate the Share Purchase Agreement, dated November 16, 2020 (as subsequently amended or supplemented, the &quot;Share Purchase Agreement&quot;), pursuant to which Baidu would acquire JOYY&#39;s domestic video-based entertainment live streaming business (&quot;YY Live&quot;). While the sale of YY Live to Baidu was substantially completed on February 8, 2021, with certain matters remaining to be completed in the future, Baidu asserted in the Notice that it has and exercised the right to terminate the Share Purchase Agreement and effectively cancel the transaction. The Company is seeking legal advice and will consider all options at its disposal in response to the Notice. The Company expressly reserves all rights.

Offerings

BIDU

JOYY Earlier Monday Announced It Received Written Notice From Affiliate Of Baidu Purporting To Terminate Share Purchase Agreement, Dated November 16, 2020

Benchmark analyst Fawne Jiang reiterates JOYY (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/YY#NASDAQ">YY</a>) with a Buy and maintains $49 price target.

Benchmark Reiterates Buy on JOYY, Maintains $49 Price Target

JOYY Q2 2024 Earnings Preview

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JOYY beats top-line and bottom-line estimates; initiates Q3 outlook

JOYY (YY) has released an update. JOYY Inc. reported modest revenue growth in Q2 2024, with net revenues increasing to $565.1 million from $547.3 m...

JOYY Inc. Posts Steady Revenue Amidst Profit Dip

JOYY Inc (YY) Q2 2024 Earnings Call Transcript

Benchmark Co. analyst Fawne Jiang maintained a Hold rating on JOYY (YY – Research Report) today. The company's shares closed yesterday at $34.61. A...

JOYY (YY) Receives a Hold from Benchmark Co.

JOYY Had A Sneaky Good Q2

Here is how many Chinese ADRs are performing from the past week

Bank of America Securities analyst Lei Zhang maintained a Hold rating on JOYY (YY – Research Report) today. The company's shares opened today at $3...

Bank of America Securities Sticks to Its Hold Rating for JOYY (YY)

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Press Releases

JOYY Inc. Announces Repurchase Right Notification for 1.375% Convertible Senior Notes due 2026

JOYY Inc. Filed 2023 Annual Report on Form 20-F

JOYY to Announce First Quarter 2024 Financial Results on May 28, 2024

JOYY Reports First Quarter 2024 Unaudited Financial Results

JOYY Reports First Quarter 2024 Financial Results: Net Profit up 34.8% Year Over Year, BIGO Sustains Revenue Growth

JOYY Inc. Announces the Results of the Repurchase Right Offer for its 1.375% Convertible Senior Notes due 2026

Management

JOYY Announces Leadership Transition

JOYY to Announce Second Quarter 2024 Financial Results on August 27, 2024

JOYY Reports Second Quarter 2024 Unaudited Financial Results

Entertainment

Social Media

General

JOYY Reports Second Quarter 2024 Financial Results: Total Revenues up 3.3% Year Over Year, BIGO Achieves Fourth Consecutive Quarter of Growth

Autohome Inc. American Depositary Shares, each representing four class A ordinary shares.

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