Q2 2026 Financial Highlights

JOYY Inc., the Singapore-based global technology company, announced its unaudited financial results for the second quarter of 2026 on August 26, 2026. Net revenues reached US$590.8 million, an increase of 16.3% from US$507.8 million in the same period of 2025 and 6.3% from US$555.7 million in the first quarter of 2026, according to the company's earnings release.

Net income from continuing operations attributable to controlling interest was US$51.8 million, compared with US$60.8 million in the corresponding period of 2025. On a per-share basis, the company reported net income of US$1.01 per ADS, as reported by WTOP. Adjusted earnings, excluding one-time gains and costs, were US$1.24 per share, according to the same source.

Operating income stood at US$13.8 million, up 138.1% year over year and 102.0% quarter over quarter. Non-GAAP EBITDA was US$56.9 million, an increase of 18.1% from US$48.2 million in the second quarter of 2025. Non-GAAP net income from continuing operations attributable to controlling interest and common shareholders was US$63.5 million, compared with US$77.0 million in the prior-year period, as detailed in the earnings release.

Segment Performance

The company reported growth across its business segments. Social Entertainment net revenues increased by 7.4% to US$422.7 million from US$393.8 million in the second quarter of 2025. BIGO Ads net revenues rose by 53.1% to US$133.7 million, up from US$87.3 million in the same period last year. Shopline net revenues grew by 28.6% to US$34.4 million from US$26.7 million, according to the earnings release.

Global average mobile monthly active users (MAUs) reached 277.1 million in the second quarter of 2026, as stated in the company's financial results.

Balance Sheet and Shareholder Returns

As of June 30, 2026, JOYY reported net cash of US$3,059.3 million. Net cash from operating activities was US$64.9 million, compared with US$57.6 million in the prior-year period.

During the second quarter of 2026, the company repurchased approximately 1.1 million ADSs for US$72.9 million under its 2026 Share Repurchase Program. The company also announced a quarterly dividend of US$1.55 per ADS for the second quarter of 2026, payable on October 16, 2026.

Guidance

For the third quarter of 2026, JOYY expects net revenues in the range of US$602 million to US$622 million, as reported in the company's earnings release and echoed by WTOP.

Management Commentary

Chairperson and CEO Ting Li commented on the company's performance and outlook in the earnings release, highlighting strong performance and expressing confidence in the company's growth strategies, including AI initiatives.

The company is headquartered in Singapore and operates as a social media and global technology company, according to WTOP and the earnings release.