Joyy Inc. Reports Results For The Quarter Ended June 30: Earnings Summary
JOYY Inc. reports results for the quarter ended June 30 - Earnings Summary
JOYY Inc. JOYY.OQ reported quarterly adjusted earnings of $1.24 per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of $1.44. The mean expectation of five analysts for the quarter was for earnings of $1.28 per share. Wall Street expected results to range from $1.11 to $1.60 per share.
Revenue rose 16.3% to $590.75 million from a year ago; analysts expected $574.12 million.
JOYY Inc.'s reported EPS for the quarter was $1.01.
The company reported quarterly net income of $51.45 million.
JOYY Inc. shares had risen by 11.3% this quarter and gained 13.4% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had fallen by about 9.1% in the last three months.
In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.
RECOMMENDATIONS
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 13 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell." The average consensus recommendation for the online services peer group is also "buy"
Wall Street's median 12-month price target for JOYY Inc. is $79.00, about 5.1% above its last closing price of $75.00
This summary was machine generated from LSEG data August 26 at 03:08 a.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)
QUARTER ENDING | ESTIMATE | ACTUAL | BEAT, MET, MISSED |
Jun. 30 2026 | 1.28 | 1.24 | Missed |
Mar. 31 2026 | 1.02 | 1.11 | Beat |
Dec. 31 2025 | 1.37 | 1.34 | Missed |
Sep. 30 2025 | 0.98 | 1.36 | Beat |
Recent news on JOYY
See all newsJoyy Inc. Reports Results For The Quarter Ended June 30: Earnings Summary
Brief: Joyy Reports Second Quarter 2026 Unaudited Financial Results
Joyy Inc. Expected To Post Earnings Of $1.28 A Share: Earnings Preview
Shopify settles copyright lawsuit over rival e-commerce platform
Brief: Joyy Says Qtrly Net Revenues Were US$555.7 Million