NASDAQ$JOYY
JOYY Inc.-ADR · Q2 2026 earnings
Q2 2026 earnings · · Investor relations
Briefing
JOYY Inc. reported unaudited financial results for the second quarter of 2026, with net revenues rising 16.3% year-over-year to $590.8 million.
JOYY delivered strong Q2 2026 results driven by growth across Social Entertainment, BIGO Ads, and Shopline segments. Net revenues reached $590.8 million, operating income increased significantly to $13.8 million, and non-GAAP EBITDA rose to $56.9 million. The company highlighted continued expansion in global mobile MAUs and paying users alongside AI-driven initiatives.
- Net revenues grew 16.3% YoY to $590.8 million, with Social Entertainment at $422.7 million (+7.4%), BIGO Ads at $133.7 million (+53.1%), and Shopline at $34.4 million (+28.6%).
- Operating income surged 138.1% YoY to $13.8 million; non-GAAP EBITDA increased 18.1% to $56.9 million.
- Global average mobile MAUs reached 277.1 million (+5.5% YoY); core live streaming paying users hit 1.56 million with ARPPU of $220.5.
- Net cash from operating activities was $64.9 million; company returned $358.8 million to shareholders YTD via dividends and repurchases.
Headline financials
Revenue & EPS history
JOYY · Revenue · Quarterly
$591M
Revenue by segment
JOYY · $591M total across 3 segments · Q2 2026
- Social Entertainment$423M—71.5%
- BIGO Ads$134M—22.6%
- Shopline$34.4M—5.8%
Forward guidance
For full year 2026, JOYY expects solid revenue growth across the Group and approximately 20% YoY growth in non-GAAP operating income.
Tailwinds
- Accelerating revenue growth and improved operating leverage.
- Strong performance in BIGO Ads and Shopline cross-border merchants.
- AI enhancements driving user engagement and efficiency.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 18 quarterly earnings reports
+1.0%
Avg return
Earnings day
+2.0%
Avg return
5 days after
+3.2%
Avg return
30 days after
54%
30 / 56 earnings
Positive
+72.5%
Q4 2021
Best reaction
-14.9%
Q2 2018
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2026 | — | — | — | |
| Q1 2026 | +17.7% | +23.8% | — | |
| Q4 2025 | +0.1% | -0.6% | -1.8% | |
| Q3 2025 | +6.4% | +7.7% | +8.7% | |
| Q2 2025 | +3.8% | +4.9% | +13.6% | |
| Q1 2025 | +4.3% | +3.2% | +10.2% | |
| Q4 2024 | -12.1% | -10.3% | -16.4% | |
| Q3 2024 | +11.4% | +21.0% | +20.7% | |
| Q2 2024 | +2.7% | +2.1% | +11.7% | |
| Q1 2024 | -3.7% | -8.2% | -7.8% | |
| Q4 2023 | -2.4% | -4.8% | -0.2% | |
| Q3 2023 | -2.1% | -4.7% | +1.2% | |
| Q2 2023 | +2.8% | +4.8% | +15.9% | |
| Q1 2023 | -12.1% | +2.0% | +7.1% | |
| Q4 2022 | +1.9% | +6.1% | +7.4% | |
| Q3 2022 | +10.3% | +10.1% | +17.4% | |
| Q2 2022 | -13.5% | -10.5% | -19.4% | |
| Q1 2022 | -12.5% | -13.5% | -25.6% | |
| Q4 2021 | +72.5% | +74.6% | +61.6% | |
| Q3 2021 | -1.6% | +1.4% | -11.0% | |
| Q2 2021 | +11.8% | +21.3% | +35.2% | |
| Q1 2021 | -9.4% | -11.0% | -16.8% | |
| Q4 2020 | -11.3% | -11.7% | -8.6% | |
| Q3 2020 | +6.4% | -9.5% | -12.7% | |
| Q2 2020 | +6.9% | +5.2% | -3.5% | |
| Q1 2020 | +0.5% | -11.6% | +54.0% | |
| Q4 2019 | -2.6% | -17.1% | +14.3% | |
| Q3 2019 | -3.9% | -5.4% | -12.9% | |
| Q2 2019 | +3.1% | +5.5% | +15.3% | |
| Q1 2019 | +4.5% | +6.8% | +7.7% | |
| Q4 2018 | +14.9% | +7.1% | +24.4% | |
| Q3 2018 | -6.8% | +4.8% | +1.2% | |
| Q2 2018 | -14.9% | -17.1% | -19.6% | |
| Q1 2018 | -12.7% | -9.0% | -21.7% | |
| Q4 2017 | -11.2% | -10.3% | -22.8% | |
| Q3 2017 | +22.9% | +18.4% | +19.5% | |
| Q2 2017 | +1.2% | -6.2% | +0.1% | |
| Q1 2017 | -1.8% | +0.7% | +7.1% | |
| Q4 2016 | -3.6% | +4.5% | -9.9% | |
| Q3 2016 | +0.9% | +3.9% | -4.6% | |
| Q2 2016 | +4.4% | +3.6% | +12.1% | |
| Q1 2016 | +1.2% | -1.5% | -22.2% | |
| Q4 2015 | -0.1% | — | — | |
| Q3 2015 | -0.7% | — | — | |
| Q2 2015 | +0.4% | — | — | |
| Q1 2015 | -7.4% | — | — | |
| Q4 2014 | +12.3% | — | — | |
| Q3 2014 | -3.5% | — | — | |
| Q2 2014 | +8.1% | — | — | |
| Q1 2014 | -6.3% | — | — | |
| Q4 2013 | +2.9% | — | — | |
| Q3 2013 | -11.4% | — | — | |
| Q2 2013 | -4.3% | — | — | |
| Q1 2013 | +3.9% | — | — | |
| Q4 2010 | +0.1% | — | — | |
| Q4 2011 | +0.1% | — | — | |
| Q4 2012 | -13.2% | — | — | |
| Q3 2012 | — | — | — | |
| Q2 2012 | — | — | — | |
| Q1 2012 | — | — | — | |
| Q3 2011 | — | — | — |
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