JOYY Inc - ADR

NASDAQ:YY   3:40:12 PM EDT
65.64
-2.09 (-3.09%)
Other Pre-Announcement

JOYY Reports First Quarter 2021 Unaudited Financial Results

Published: 05/27/2021 23:36 GMT
JOYY Inc - ADR (YY) - Joyy Reports First Quarter 2021 Unaudited Financial Results.
Q1 Revenue Rose 88.1 Percent to $643.1 Million.
Sees Q2 Revenue $645 Million to $663 Million.
For Q2 of 2021, Company Expects Net Revenues to Be Between Us$645 Million and Us$663 Million.
Qtrly Global Average Mobile Maus Decreased by 15.1% to 339.9 Million From 400.3 Million in Corresponding Period of 2020.
Diluted Net Loss From Continuing Operations per Ads Was Us$1.13 in the First Quarter of 2021.
Q1 Earnings per Share View Cny -0.74, Revenue View Cny 3.85 Billion -- Refinitiv Ibes Data (analyst estimates).
Qtrly Average Mobile Maus of Likee Decreased by 12.6% to 115.0 Million From 131.6 Million in Corresponding Period of 2020.
Qtrly Average Mobile Maus of Bigo Live Increased by 9.0% to 29.1 Million From 26.7 Million in Corresponding Period of 2020.
Qtrly Average Mobile Maus of Hago Decreased by 57.7% to 13.1 Million From 31.0 Million in Corresponding Period of 2020.
Joyy - Qtrly Total Number of Paying Users of Bigo Increased by 72.1% to 1.67 Million From 0.97 Million in Corresponding Period of 2020.
Joyy - Qtrly Average Revenue per Paying User of Bigo Increased by 26.4% to Us$290.7 From Us$230.0 in Corresponding Period of 2020.