JOYY Inc. (JOYY) Earnings Call Transcripts
JOYY Inc.'s Latest Earnings Call - Q1 FY2026
In Q1 2026, JOYY Inc. reported total revenues of $556 million, reflecting a robust 12.4% year-over-year growth, the strongest in recent years. The company achieved a non-GAAP operating profit of $38 million and a net cash position of $3.18 billion. Management has raised guidance for Q2, expecting group revenues between $562 million and $581 million, indicating a year-over-year growth of 10.7% to 14.4%. This positive momentum is driven by the recovery in Social Entertainment and exceptional growth in BIGO Ads.
Reported metrics
| Metric | Value |
|---|---|
| Total Revenue | $556 million (beat) |
| BIGO Ads Revenue | $125 million (beat) |
| Shopline Revenue | $31 million (beat) |
| Non-GAAP Operating Profit | $38 million (beat) |
| Operating Cash Flow | $46 million (null) |
| Net Cash Position | $3.18 billion (null) |
Guidance from management
For Q2 2026, management expects revenues between $562 million and $581 million, indicating a year-over-year growth of 10.7% to 14.4%. They reaffirmed confidence in achieving steady growth across all business segments for the full year.
What management said
Hello, everyone. I'm Li Ting. Thank you for joining us today. I apologize, but I have got a cold recently, and my voice is quite weak. For efficiency of this meeting, I'm going to have our IR team read through the prepared remarks for me. I will be back to take your questions during the Q&A. Thank you for the understanding.
What analysts pressed on
Analysts expressed concerns regarding the sustainability of the recovery in Social Entertainment, particularly in live streaming revenue. There were also inquiries about the impact of foreign exchange fluctuations on profitability and how it may affect future earnings.
Main topics on the call
- Revenue Growth Acceleration — JOYY's total revenues reached $556 million, up 12.4% year-over-year, marking the strongest growth rate in recent years. Management stated, "This quarter marked the first quarter we are reporting results under our new thr...
- BIGO Ads Performance — BIGO Ads generated $125 million in revenue, up 55.6% year-over-year, with third-party BIGO Audience Network revenue growing by 78.8%. Management highlighted that "incremental spend from both new and existing advertisers ...
- Shopline Growth and Strategic Importance — Shopline reported $31 million in revenue, up 16.1% year-over-year, as it transitions to a standalone segment. Management noted, "Shopline is on a clear and visible path to achieve breakeven by 2028," indicating confidenc...
- Shareholder Return Program Expansion — JOYY announced a new $1.5 billion shareholder return program, significantly increasing its commitment from the previous $900 million. This includes $600 million in share buybacks and $900 million in dividends, reflecting...
Read the full JOYY Inc. transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.
About JOYY Inc.
JOYY Inc. (JOYY) is a publicly listed company in the Interactive Media and Services industry, within the Communication Services sector. It trades on NasdaqGS and is based in US. EarningsCalls.dev maintains a free, full-text archive of its earnings call transcripts — 26 calls on record spanning March 17, 2020 to May 26, 2026. Every transcript is split into speaker-by-speaker segments with headline metrics, free to read or available through our REST API.
Earnings Call History
EarningsCalls.dev has 26 JOYY Inc. earnings call transcripts on record, spanning March 17, 2020 to May 26, 2026. Based on this history, JOYY Inc. reports quarterly. The most recent call on file is dated May 26, 2026. The full list is below — each row opens the complete, free-to-read transcript.
- Ticker
- JOYY
- Exchange
- NasdaqGS
- Country
- US
- Sector
- Communication Services
- Industry
- Interactive Media and Services
- Calls on record
- 26
- First call
- March 17, 2020
- Most recent
- May 26, 2026
- Reporting cadence
- quarterly