JOYY (NASDAQ:YY) Releases Earnings Results, Beats Expectations By $1.01 EPS

JOYY (NASDAQ:YY - Get Free Report) posted its quarterly earnings results on Wednesday. The information services provider reported $1.66 earnings per share for the quarter, beating 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%. The business had revenue of $75.96 million for the quarter, compared to the consensus estimate of $77.02 million. JOYY updated its Q1 2025 guidance to EPS.

JOYY Stock Up 1.8 %

Shares of YY stock traded up $0.74 during trading hours on Friday, hitting $41.97. 1,976,518 shares of the company's stock were exchanged, compared to its average volume of 463,671. The firm has a market cap of $2.26 billion, a P/E ratio of 12.68 and a beta of 0.21. The firm has a 50 day moving average of $46.04 and a two-hundred day moving average of $40.04. JOYY has a fifty-two week low of $27.88 and a fifty-two week high of $55.31.

JOYY Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Thursday, April 17th will be given a $0.93 dividend. The ex-dividend date is Thursday, April 17th. This is a boost from JOYY's previous quarterly dividend of $0.20. This represents a $3.72 dividend on an annualized basis and a dividend yield of 8.86%. JOYY's payout ratio is -120.00%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on YY shares. StockNews.com cut shares of JOYY from a "buy" rating to a "hold" rating in a research note on Thursday, March 6th. Benchmark raised shares of JOYY from a "hold" rating to a "buy" rating in a research note on Tuesday, February 25th.

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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.