JOYY Exceeds Expectations, Announces Positive Q4 Outlook
December 3, 2023
☀️Trending News
JOYY ($NASDAQ:YY) Inc. has just announced their latest quarterly results, exceeding expectations and setting a positive outlook for the fourth quarter. JOYY Inc. is a leading global social media and live streaming company, providing users with the latest in content, technology, and entertainment. With its extensive portfolio of products, including YY, Bigo, Huya, and more, JOYY provides users with the tools they need to stay connected and engaged. JOYY’s strong results are a testament to the company’s ambitious growth strategy, which has seen it expand its offerings and reach more users around the world.
With its focus on technology innovation and customer experience, JOYY is well-positioned to continue its success into the future. Investors should therefore be encouraged by these results and the positive outlook for the fourth quarter.
Stock Price
JOYY Inc., a live streaming and social media company, exceeded expectations with their fourth quarter outlook. On Thursday, JOYY Inc. stock opened at $38.8 and closed at $38.4, down by only 0.2% from the previous day’s closing price of 38.5. The company anticipated higher than expected revenue for the fourth quarter, providing a much-needed boost to investor confidence. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Joyy Inc. More…
| Total Revenues | Net Income | Net Margin |
| 2.3k | -78.2 | -8.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Joyy Inc. More…
| Operations | Investing | Financing |
| 316.49 | -510.28 | -321.91 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Joyy Inc. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 8.45k | 3.16k | 81.6 |
Key Ratios Snapshot
Some of the financial key ratios for Joyy Inc are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -19.6% | -41.5% | 11.7% |
| FCF Margin | ROE | ROA |
| 10.7% | 3.4% | 2.0% |
Analysis
As GoodWhale, we have analyzed JOYY INC‘s fundamentals to help investors make informed decisions. According to our Star Chart, JOYY INC is classified as a ‘cow’, which suggests that it has a track record of paying out consistent and sustainable dividends. We believe that this investment opportunity would be attractive to dividend investors who are looking for steady returns. Furthermore, JOYY INC has a very high health score of 10/10, which means that it is capable to safely ride out any crisis without the risk of bankruptcy, thanks to its strong cashflows and debt. In terms of its performance, JOYY INC is strong in asset, medium in dividend, profitability and weak in growth. Therefore, this may be suitable for investors who are looking for steady and reliable returns rather than aggressive growth. More…
Peers
The company operates a number of online platforms, including Youku Tudou, YY Live, and Bigo Live. JOYY Inc‘s main competitors are Grom Social Enterprises Inc, IL2M International Corp, and Lizhi Inc. All three companies are based in the United States.
– Grom Social Enterprises Inc ($NASDAQ:GROM)
Grom Social Enterprises Inc is a social media company that operates in the children’s market. The company has a market capitalization of 6.82 million and a return on equity of -24.49%. The company’s products and services are aimed at children and families. The company was founded in 2010 and is headquartered in Boca Raton, Florida.
– IL2M International Corp ($OTCPK:ILIM)
IL2M International Corp is a publicly traded company with a market cap of 366.35k as of 2022. The company has a Return on Equity of 1203.09%. IL2M International Corp is a holding company that operates in the e-commerce, digital media, and entertainment industries. The company was founded in 2006 and is headquartered in Los Angeles, California.
– Lizhi Inc ($NASDAQ:LIZI)
Lizhi Inc. is a leading audio content platform in China with over 10 years of experience. The company has a market cap of 21.24M as of 2022 and a Return on Equity of 1.81%. Lizhi Inc. provides an innovative and convenient way for people to listen to audio content and connect with others. The company’s mission is to use the power of audio to bring people together and make the world a more connected place.
Summary
This report is a positive sign for investors, as it demonstrates JOYY Inc‘s resilience in a challenging economic environment. The company’s strong performance may indicate that it is well-positioned to continue to thrive despite ongoing uncertainties.
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