Overview
- JOYY reported first‑quarter 2026 net revenue of $555.7 million, a 12.4% year‑over‑year increase, and provided Q2 revenue guidance of $562–581 million.
- The Social Entertainment segment returned to growth with $400.4 million in revenue, global mobile MAUs of 276.3 million, and live‑streaming revenue up 2.4% year‑over‑year.
- BIGO Ads accelerated quickly, generating $124.8 million in Q1 revenue, a 55.6% rise year‑over‑year, with Audience Network revenue up 78.8% and SDK ad requests up 109% year‑over‑year.
- Shopline recorded $30.5 million in revenue, up 16.1% year‑over‑year, and improved gross margin to 51.5% as cross‑border merchant activity grows.
- On May 22 the board authorized a repurchase program of up to $600 million and a quarterly dividend plan committing about $900 million through 2028, declared a Q1 dividend of $1.50 per ADS, and reported net cash of $3.175 billion at quarter end.