JOYY plans $600M buybacks after BIGO Ads jumps 55.6%
JOYY reported Q1 sales reached $555.7M, with its BIGO Ads revenue growing 55.6% to $124.8M. The company expects Q2 revenue between $562M and $581M and announced plans for up to $600M in share buybacks and $900M in dividends.
Key Takeaways
- Q1 sales reached $555.7 million for JOYY.
- BIGO Ads revenue grew 55.6% year over year to $124.8 million.
- JOYY expects Q2 revenue between $562 million and $581 million.
- The company outlined up to $600 million in share buybacks.
- JOYY also plans $900 million in dividends.
Why It Matters
JOYY’s Q1 results show a material revenue base at $555.7 million, while BIGO Ads added a faster-growing $124.8 million stream. The capital return plan is also large: up to $600 million in buybacks and $900 million in dividends. For the streaming-adjacent ecosystem, the key signal is that monetization is still a meaningful driver inside JOYY’s reported mix. Watch the company’s Q2 revenue range of $562 million to $581 million for whether that momentum holds into the next quarter.
Read full article at stocktitan.net
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