According to the Futu Securities app, Joyy (YY.US) released the financial report for the third quarter of 2024. The report indicates that Joyy's Q3 revenue was $0.5587 billion, a 1.5% decrease from the same period last year's $0.5671 billion; under non-US GAAP, net income attributable to Joyy Group's controlling interests and common shareholders was $61.2 million, a 24.6% drop from last year's $81.2 million; diluted earnings per ADS was $1.07, compared to $1.22 in the same period last year.

The live broadcast revenue in the third quarter was $0.4395 billion, an 11.4% decrease from the previous year's $0.4958 billion; while revenue from other businesses reached $0.1192 billion, a 67.2% increase year-on-year.

The core product Bigo Live's monthly active users (MAU) were 36.5 million, compared to 40.3 million in the same period last year; the total number of paying users in the Bigo segment was 1.62 million, up from 1.61 million in the previous year; the average revenue per paying user (ARPPU) in the Bigo segment was $231.4, down from $253.4 in the same period last year.

During the quarter ending on September 30, 2024, the company repurchased 3.43 million ADS shares, totaling $0.1178 billion. According to the share buyback plan extended by the board of directors in August 2024, the company can repurchase up to $0.4 billion worth of shares by the end of November 2025.

Looking ahead, Joyy expects fourth-quarter revenue in 2024 to be between $0.546 billion and $0.563 billion.

After the post-market trading on Tuesday, Joyy's stock price rose by 1.20% to $35.42.