{"id":966572,"date":"2026-05-25T22:23:56","date_gmt":"2026-05-26T02:23:56","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/joyy-reports-first-quarter-2026-financial-results-total-revenue-up-12-4-yoy-substantially-expanding-shareholder-returns\/"},"modified":"2026-05-25T22:23:56","modified_gmt":"2026-05-26T02:23:56","slug":"joyy-reports-first-quarter-2026-financial-results-total-revenue-up-12-4-yoy-substantially-expanding-shareholder-returns","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/joyy-reports-first-quarter-2026-financial-results-total-revenue-up-12-4-yoy-substantially-expanding-shareholder-returns\/","title":{"rendered":"JOYY Reports First Quarter 2026 Financial Results: Total Revenue Up 12.4% YoY, Substantially Expanding Shareholder Returns"},"content":{"rendered":"
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PR Newswire<\/p>\n<\/p><\/div>\n

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\n SINGAPORE<\/span>, May 25, 2026<\/span> \/PRNewswire\/ — JOYY Inc. (NASDAQ: JOYY) (“JOYY” or the “Company”), a leading global technology company, today announced its unaudited financial results for the first quarter ended March 31, 2026.<\/p>\n

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\n In the first quarter,\u00a0JOYY’s globally diversified ecosystem continued to take shape, with its three business pillars<\/span>
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\n social entertainment, advertising, and e-commerce<\/span>
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\n bolstering one another in a self-reinforcing strategic flywheel. <\/span>The Company’s total revenues for the quarter grew 12.4% year over year to US$555.7 million, the highest year-over-year growth rate the Company has delivered in recent years. Social entertainment revenue was US$400.4 million, up 3.2% year over year, while the Company’s second growth engine,\u00a0BIGO Ads ad tech and SHOPLINE e-commerce, continued to scale with strong momentum. BIGO Ads contributed US$124.8 million, up 55.6% year over year, while SHOPLINE revenue increased 16.1% year over year to US$30.5 million. In the first quarter, non-GAAP[<\/sup>1]<\/sup> operating income and non-GAAP[<\/sup>1] <\/sup>EBITDA came in at US$38.0 million and US$45.7 million, up\u00a022.5% and 13.2% year over year, respectively. Operating cash inflow for the quarter was US$46.0 million.<\/p>\n

Simultaneously, JOYY announced a new share repurchase program, under which the Company is authorized to repurchase up to US$600 million of its shares until the end of 2028, and a new quarterly dividend program, under which a total of approximately US$900 million in cash will be distributed on a quarterly basis between 2026 and 2028.\u00a0The new shareholder return program, totaling US$1.5 billion, represents a significant increase compared to the previous program (US$900 million)\u00a0 announced in 2025. From January 1 to May 22, 2026, JOYY had returned a total of US$156.8 million to shareholders through US$87.9 million in share repurchases and US$68.9 million in dividends, under its 2025 program.<\/p>\n

Ms. Ting Li, Chairperson and Chief Executive Officer of JOYY, commented, “We delivered a strong start to 2026. Total revenues for the first quarter reached US$555.7 million, up by 12.4% year over year, our strongest year-over-year growth rate in recent years. This quarter marks the first time we are reporting results under our new three-segment structure: Social Entertainment, BIGO Ads, and SHOPLINE. Our AI-driven globally diversified ecosystem is taking shape with social entertainment, advertising, and e-commerce reinforcing one another in a powerful strategic flywheel. With AI serving as the backbone of our entire operations\u2014driving content recommendation, advertising efficiency, and merchant intelligence across all three segments\u2014our business pillars form a closed-loop system that deepens our competitive moat and drives long-term value creation for JOYY and our shareholders.”<\/p>\n

\n First Quarter 2026 Financial Highlights<\/b>\n <\/p>\n