Summary
JOYY: Growth In Bigo Unit May Drive Re-Rating
JOYY shows green shoots after a long period of stagnation, as the performance of its key unit improves. Revenue has risen sequentially for two consecutive quarters, and management is confident about returning to annual growth. Dividends and buybacks remain strong and look sustainable, supported by company policy and a clean balance sheet.
JOYY Inc. (JOYY) Q3 2025 Earnings Call Transcript
JOYY Inc. ( JOYY ) Q3 2025 Earnings Call November 19, 2025 9:00 PM EST Company Participants Tingzhen Xie - Investor Relations Senior Manager Ting Li - Chairperson of the Board & CEO Fuyong Liu - Vice President of Finance Conference Call Participants Xueqing Zhang - China International Capital Corporation Limited, Research Division Yuan Liao - Citic Securities Co., Ltd., Research Division Thomas Chong - Jefferies LLC, Research Division Yiqun Chen - BOCI Research Limited Presentation Operator Ladies and gentlemen, thank you for standing by, and welcome to JOYY Inc.'s Third Quarter 2025 Earnings Call.
JOYY: Turning Bullish On Attractive Yield, Advertising (Rating Upgrade)
I lift my rating for JOYY to "Buy," considering its capital allocation approach and business mix changes. JOYY boasts a compelling 10.1% shareholder yield, considering its capital return targets and robust cash position. JOYY's advertising division has strong growth potential, which should boost its top-line diversification efforts.
JOYY Inc. American Depositary Shares (YY) FAQ
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JOYY Inc. American Depositary Shares Profile
| IT Services Industry | Information Technology Sector | Ting Li CEO | NASDAQ (NGS) Exchange | 46591M109 CUSIP |
| SG Country | 7,449 Employees | 23 Jun 2025 Last Dividend | - Last Split | 21 Nov 2012 IPO Date |
Overview
JOYY Inc., along with its subsidiaries, is a pioneer in the social media landscape, focusing on providing video-based interactive experiences through various platforms. It serves a global audience, offering tools and spaces for live streaming, short videos, social gaming, messaging, and e-commerce. Initially established as YY Inc., the company underwent a rebranding to JOYY Inc. in December 2019, symbolizing its broader commitment to joy through social connectivity. Founded in 2005 and having its headquarters in Singapore, JOYY has expanded its footprint to include key markets such as the People's Republic of China, the United States, Great Britain, Japan, South Korea, Australia, the Middle East, Southeast Asia, and other regions across the globe.
Products and Services
- Bigo Live:
- Likee:
- Hago:
- imo:
- Shopline:
A social live streaming platform that empowers users to share live moments, exhibit their talents, and engage in social interactions with people worldwide. This platform is a space for real-time connection and entertainment.
A short-form video social platform designed to enable users to craft and discover short videos. Likee focuses on creativity and the sharing of viral content, providing tools that make video creation accessible to all.
A social networking platform that integrates casual gaming, allowing users to connect and compete in various games. Hago diversifies social interaction by combining gaming and communication.
An instant messaging app that includes comprehensive communication features such as high-quality video calls, group calls, and document sharing. imo facilitates seamless connectivity for individuals and groups.
A smart commerce platform enabling merchants to easily start, manage, and grow their businesses online. With an integrated omnichannel approach, Shopline caters to the evolving needs of sellers aiming to establish and expand their digital presence.
Contact Information
