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. (JOYY) Q2 2025 Earnings Call Transcript
JOYY Inc. (NASDAQ:JOYY ) Q2 2025 Earnings Conference Call August 26, 2025 9:00 PM ET Company Participants Fuyong Liu - Vice President of Finance Ting Li - Chairperson of the Board & CEO Tingzhen Xie - Investor Relations Senior Manager Conference Call Participants Cici Cheng - CLSA Limited, Research Division Thomas Chong - Jefferies LLC, Research Division Xueqing Zhang - China International Capital Corporation Limited, Research Division Operator Ladies and gentlemen, thank you for standing by, and welcome to the JOYY Inc.'s Second Quarter 2025 Earnings Call. [Operator Instructions] I would now like to turn the conference call over to your host for today, Ms.
Cautious Optimism Around JOYY's Turnaround
JOYY is transitioning from legacy livestreaming to high-margin non-livestreaming and ads, driving profitability and shareholder returns through dividends and buybacks. Despite revenue declines, the company's strong cash reserves, resilient free cash flow, and improving margins support a stable outlook and potential upside. Valuation remains deeply discounted, offering an attractive entry point if the advertising pivot succeeds and margin expansion continues.
JOYY Inc. (JOYY) Q1 2025 Earnings Call Transcript
JOYY Inc. (NASDAQ:JOYY ) Q1 2025 Earnings Conference Call May 26, 2025 9:00 PM ET Company Participants Jane Xie - Senior Manager of Investor Relations Ting Li - Chairperson & CEO Alex Liu - Vice President of Finance Conference Call Participants Thomas Chong - Jefferies Raphael Chen - BOCI Research Operator Ladies and gentlemen, thank you for standing by, and welcome to JOYY Inc.'s First Quarter 2025 Earnings Call. At this time, all participants are in a listen-only mode.
JOYY: Deep Value And Amazing Shareholder Returns
JOYY trades at a wide discount to its net cash and intrinsic value, offering significant upside potential. Generous shareholder returns, with a 13%+ combined yield of dividends and buybacks, should help unlock value for investors. I initiate coverage with a buy rating and a price target of $89.71, based on discounted future dividends and the company's cash pile.
JOYY, Akebia Therapeutics, Microchip Technology And Other Big Stocks Moving Lower In Thursday's Pre-Market Session
U.S. stock futures were lower this morning, with the Dow futures falling around 200 points on Thursday.
JOYY Inc. (YY) Q4 2024 Earnings Call Transcript
JOYY Inc. (NASDAQ:YY ) Q4 2024 Earnings Conference Call March 19, 2025 9:00 PM ET Company Participants Jane Xie - Investor Relations Senior Manager Ting Li - Chairperson of the Board & CEO Alex Liu - Vice President of Finance Conference Call Participants Thomas Chong – Jefferies Yiwen Zhang - China Renaissance Brian Gong - Citi Raphael Chen - BOCI Research Operator Ladies and gentlemen, thank you for standing by, and welcome to the JOYY Inc.'s Fourth Quarter 2024 Earnings Call. At this time, all participants are in a listen-only mode.
JOYY Still Undervalued After YY Live Sale To Baidu
JOYY's deal to sell YY Live to Baidu finally closed. JOYY got an additional $240 million cash payout. Bigo Live's temporary app store removal will likely hurt near term results, but investors will look past this. Likee briefly benefited from the TikTok ban, but downloads petered out quickly. Now TikTok is back & Likee has similar usage as before.
JOYY Accelerates The Buyback Bazooka
JOYY stock surged 21% in 2 days due to its significant buyback increase in Q3. Despite headline numbers appearing weak, the report aligns with management's goal to shift the business to markets with high monetization potential. Management is strategically shifting focus from China to developed markets. It is cutting marketing expenses to drive bottom line improvement.
JOYY Inc. (YY) Q3 2024 Earnings Call Transcript
JOYY Inc. (NASDAQ:YY ) Q3 2024 Earnings Conference Call November 26, 2024 9:00 PM ET Company Participants Jane Xie - Investor Relations Senior Manager Ting Li - Chairperson of the Board & CEO Fuyong Liu - Vice President of Finance Conference Call Participants Thomas Chong - Jefferies Raphael Chen - BOCI Research Derek Fei - Morgan Stanley Yiwen Zhang - China Renaissance Operator Ladies and gentlemen, thank you for standing by, and welcome to JOYY Inc.'s Third Quarter 2024 Earnings Call. At this time, all participants are in a listen-only mode.
