JOYY Reports Second Quarter 2026 Financial Results: Total Revenues Increase to US$590.8 Million, Driven by Growth Across Core Businesses

JOYY Inc. (NASDAQ: JOYY ) ("JOYY" or the "Company"), a leading global technology company, today announced its unaudited financial results for the second quarter ended June 30, 2026.

In the second quarter, JOYY generated total revenues of US$590.8 million, up 16.3% year over year and 6.3% quarter over quarter. Social entertainment revenue was US$422.7 million, up 7.4% year over year and 5.6% quarter over quarter. BIGO Ads revenue reached US$133.7 million, up 53.1% year over year. SHOPLINE revenue reached US$34.4 million, with year-over-year growth further accelerating to 28.6%. Non-livestreaming revenue accounted for 31.8% of total revenues for the quarter, further increasing as JOYY's diversified ecosystem continued to advance. Non-GAAP 1 operating profit reached US$49.1 million, up 28.2% year over year and 29.4% quarter over quarter, while non-GAAP 1 EBITDA reached US$56.9 million, up 18.1% year over year and 24.4% quarter over quarter. Operating cash inflow for the quarter was US$64.9 million. As of June 30, 2026, the Company held US$3.06 billion in net cash.

Supported by a better-than-expected operational performance in 1H26 and enhanced operating leverage from improved efficiency across its business segments, JOYY now expects the Group's non-GAAP 1 operating income growth to accelerate to approximately 20% year over year for the full year 2026. In May, JOYY updated its three-year shareholder return plan, establishing a US$1.5 billion shareholder return program running through the end of 2028. Since the start of this year, the Company has accelerated its capital returns. From January 1 to August 21, 2026, JOYY repurchased US$216.4 million of shares and paid US$142.4 million in dividends, returning a total of US$358.8 million to shareholders.

Ms. Ting Li, Chairperson and Chief Executive Officer of JOYY, commented, "Building on a strong start to the year, we delivered another solid result in the second quarter, recording revenue growth both year over year and quarter over quarter. Our Social Entertainment, BIGO Ads, and SHOPLINE businesses all advanced in tandem, while our globally diversified ecosystem continued to unlock growth momentum. AI is a foundational technology driving broader application and deeper integration across our core operations, fueling our multi-engine growth strategy. Looking ahead, as we continue to strengthen the core competitiveness and profitability profile of our three business segments, we expect to drive JOYY's long-term value creation into its next phase."

Second Quarter 2026 Financial Highlights Net revenues in the second quarter of 2026 were US$590.8 million, representing an increase of 16.3% from US$507.8 million in the second quarter of 2025 and an increase of 6.3 % from US$555.7 million in the first quarter of 2026. - Social Entertainment revenue was US$422.7 million, representing an increase of 7.4% from US$393.8 million in the second quarter of 2025 and an increase of 5.6% from US$400.4 million in the first quarter of 2026. - BIGO Ads revenue was US$133.7 million, representing an increase of 53.1% from US$87.3 million in the second quarter of 2025 and an increase of 7.1% from US$124.8 million in the first quarter of 2026. - SHOPLINE revenue was US$34.4 million, representing an increase of 28.6% from US$26.7 million in the second quarter of 2025 and an increase of 12.5% from US$30.5 million in the first quarter of 2026. Operating income was US$13.8 million, representing an increase of 138.1% from US$5.8 million in the second quarter of 2025, and an increase of 102% from US$6.8 million in the first quarter of 2026. Non-GAAP 1 operating income was US$49.1 million, representing an increase of 28.2% from US$38.3 million in the second quarter of 2025 and an increase of 29.4% from US$38 million in the first quarter of 2026. Non-GAAP 1 EBITDA was US$56.9 million, representing an increase of 18.1% from US$48.2 million in the second quarter ...