JOYY Exceeds Revenue and Earnings Estimates; Provides FY 2026 Outlook
JOYY Inc., the parent company of TikTok in China (Douyin), reported better-than-expected financial results for Q2, with revenue reaching $590.8 million—up 16.3% year-over-year—and Non-GAAP EPADS at $1.24 per share, surpassing estimates by $0.04. The company also provided a net cash position of US$3,059.3 million as of June 30 and reported net cash from operating activities of US$64.9 million in the quarter compared to US$57.6 million previously. These results reflect strong operational performance amid ongoing regulatory scrutiny. JOYY's solid financials highlight its resilience despite external challenges, potentially boosting investor confidence.
Tickers: $JOYY
Topics: financial_results revenue_growth