JOYY (NASDAQ:YY) Issues Quarterly Earnings Results

JOYY (NASDAQ:YY) posted its quarterly earnings results on Wednesday. The information services provider reported $1.66 earnings per share for the quarter, topping the consensus estimate of $0.65 by $1.01, Zacks reports. JOYY had a return on equity of 4.64% and a net margin of 9.02%. JOYY updated its Q1 2025 guidance to EPS.

JOYY Stock Performance

Shares of NASDAQ YY traded down $0.81 during trading on Wednesday, hitting $46.88. The company had a trading volume of 1,294,007 shares, compared to its average volume of 441,286. The stock has a 50 day simple moving average of $45.75 and a 200 day simple moving average of $39.89. JOYY has a 12 month low of $27.88 and a 12 month high of $55.31. The firm has a market capitalization of $2.52 billion, a P/E ratio of 14.16 and a beta of 0.21.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on YY shares. Benchmark raised JOYY from a “hold” rating to a “buy” rating in a report on Tuesday, February 25th. StockNews.com downgraded JOYY from a “buy” rating to a “hold” rating in a report on Thursday, March 6th.

About JOYY

JOYY Inc, together with its subsidiaries, operates social media platforms that offer users engaging and experience across various video-based social platforms. It operates through two segments, BIGO and All Other. The company operates Bigo Live, a social live streaming platform, that provides an interactive online stage for users to host and watch live streaming sessions, share their life moments, showcase their talents, and interact with people worldwide; Likee, a short-form video social platform, which enables users to discover, create, and share short videos, with video creation tools and personalized feeds; imo, an instant messenger platform, that provides audio and video communication services; Hago, a social networking platform that offers casual games integrating social features, such as audio and video multi-user chatrooms and 3D virtual interactive party games; and Shopline, a smart commerce platform, that provides solutions and services to enable merchants in creating and growing their brands online and reach customers through various sales channels, including e-commerce platforms, social commerce, and physical retail stores.