Singapore16 March 2023 /PRNewswire/ - - March 16, 2023, Singapore Time (NASDAQ: YY, abbreviated”Happy Gathering”either”syndicated”), a leading global video social media company that publishes the fourth quarter and full year of 2022 earnings.

Huanju Group revenue of $604.9 million in the fourth quarter of 2022, and revenue of $2,412 million for the full year. BIGO segment revenue of $476.5 million in the fourth quarter and annual revenue of $1,997 million.

Following the year 2021,Happy GatheringGroup profit for the second consecutive year and net profit from continuing operations289 millionUSD. Under Non-U.S. GAAs^[1], Group annual net profit regardless of the divested YY Live business199.3 millionUSD, Growth83%, net interest rate up to8.3%BIGO segment full year net profit288 millionUSD, Growth58.3%, net interest rate up to14.4%.

Huanju Group continued to give back to shareholders and convey management confidence in the future operation of the company. The accumulated repurchase of stock repurchase in 2022 is US$138.1 million and a dividend of US$145.9 million.

Mr. Li, Chairman and CEO of Huanju, said 2022 is a fruitful year and the second consecutive year to achieve the Group's profit despite many challenges from the global macro environment;Bigo Live user growth accelerates. In 2023, we will continue to strive to improve the online experience and quality of life for global users through innovative and diverse products and services. While adapting to changes in the macro environment, prioritize long-term strategic business to further enhance our core competitiveness. With a resilient business model and strong cash reserves, Reunion will better tap into long-term growth opportunities and create value for shareholders.

2022Year-round Financial Highlights

• Net income for24.115USD billion for the same period in 202126.191Billion dollars.
• Net profit from continuing operations attributable to the interests of Huanju Group Holdings is1.289$bn, net loss for the same period in 2021159 millionUSD. 2022 full year net profit margin5.3%, the net loss rate for the same period in 20214.4%.
• Non-U.S. GAP^[1], net profit attributable to Huanju Group's holding and ordinary shareholder's net profit growth on year83%to1.993USD billion for the same period in 20211.089Billion dollars. Non-U.S. GAP^[1], the net profit margin is8.3%, for the same period in 20214.2%.

2022Four Quarter Financial Highlights

• Net Income604.9 millionUSD for the same period in 202163.7 millionUSD.
• Operating loss is1420US$10,000, operating profit for the same period in 2021$6.6 million. Operating loss rate is2.3%, operating profit margin for the same period in 20199.1%.
• Non-U.S. GAP^[1], operating profit for2780million dollars for the same period in 20218350Million dollars. Non-U.S. GAP^[1], the operating profit margin is4.6%, operating profit margin for the same period in 201912.6%.

2022Business Highlights for the Fourth Quarter

In the fourth quarter, Bigo Live's global user growth remained strong, with MAU growing 14.3% yoy to 36.8 million, with a bright growth of 21.6% in Southeast Asia and other regions. In the fourth quarter, Bigo Live live tools and multi-room interactive gameplay after a comprehensive upgrade iteration, user activity and interaction continued to improve steadily, the overall number of broadcast qoq rose 3.3%, per capita broadcast length rose 4.5%. Offering a wide range of quality content around local customs, user preferences and concerns has always been one of Bigo Live's key operational strategies. In the fourth quarter, Bigo Live launched a variety of Soccer World Cup events across the globe to help football fans better understand and share the exciting events. In addition, the BIGO Awards Gala, the annual annual event, also ended at the Capitol Theatre in Singapore. Bigo Live recognizes more than 270 creators and nearly 100 families with outstanding performance in 2022,And inviting outstanding creators to bring you exquisite multicultural performances, nearly 4 million viewers around the world witnessed the event through live streaming.

Meanwhile, Likee users' social quality and user stickiness have been significantly improved. In the fourth quarter, Likee increased by 14.5% mom in user penetration using in-app IM chat, with a 13.4% year-on-year increase in total per capita usage and a 6.3% year-on-quarter increase in 30-day retention. Likee locates closely around the community of interest, builds a more focused, high-quality local content ecosystem, and gradually increases collaboration with vertical interest platforms. Likee has reached cooperation with a variety of well-known games, for all kinds of game lovers to provide interactive communication platform, the game has become one of the most users of the platform to gather the vertical community. In December, Likee became the Official Partner of The Game Awards, the world's leading gaming industry awards, streaming the ceremony for users around the world, with millions of game audiences watching and engaging.

In the fourth quarter, Hago continued to promote product strategic upgrade, through optimization of algorithms and push strategies, Hago improved the social room and user match and satisfaction, social channel retention increased 1.5%, channel per capita stay length increased 5.3%. Hago Space multiplayer virtual image interactive room launched a new camping scene, and synchronized on-line novice guide a series of optimization initiatives, promote Hago Space new users online length increase 6.5%, Hago Space dress up mall revenue increased 13.4%.

Investor Relations Contact

JOYY Inc.
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Robin Yang
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