Earnings Call Summary | JOYY(YY.US) Q1 2024 Earnings Conference
Earnings Call Summary | JOYY(YY.US) Q1 2024 Earnings Conference
The following is a summary of the JOYY, Inc. (YY) Q1 2024 Earnings Call Transcript:
以下是JOYY, Inc.（YY）2024年第一季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
JOYY reported Q1 2024 Group's revenue of $565 million, with the core business unit contributing $505 million.
Group's non-GAAP net profit reached $67 million, while BIGO's non-GAAP net profit reached $71 million.
Live streaming revenues from core global products were up 28% YoY due to a 6.9% YoY increase in paying users.
Non-GAAP net margin increased by 3.4 percentage points to 11.9%.
The company generated a net cash inflow from operating activities of $35 million and maintains a strong cash balance of $3.6 billion.
JOYY報告稱，集團2024年第一季度收入爲5.65億美元，核心業務部門貢獻了5.05億美元。
集團的非公認會計准則淨利潤達到6700萬美元，而BIGO的非公認會計准則淨利潤達到7,100萬美元。
由於付費用戶同比增長6.9％，全球核心產品的直播收入同比增長28％。
非公認會計准則淨利潤率增長了3.4個百分點至11.9％。
該公司從經營活動中產生了3500萬美元的淨現金流入，並保持了36億美元的強勁現金餘額。
Business Progress:
業務進展：
JOYY diverted advertising resources toward premium users and developed countries, resulting in improved ROI and spending.
BIGO LIVE launched an intelligent management system for streamers and agencies to improve operational efficiency. The company also engaged in collaborations with international charitable organizations and regional government partnerships.
BIGO's non-live streaming revenues, primarily from advertising, saw substantial YoY growth.
JOYY repurchased approximately $54.5 million of its shares in the quarter, with an outstanding share repurchase quota of around $772 million.
Financial consultants expect BIGO to resume growth and maintain its revenue recovery throughout 2024.
JOYY 將廣告資源轉移到高級用戶和發達國家，從而提高了投資回報率和支出。
BIGO LIVE爲主播和機構推出了智能管理系統，以提高運營效率。該公司還與國際慈善組織和地區政府合作伙伴關係進行了合作。
BIGO的非直播收入，主要來自廣告，同比大幅增長。
JOYY在本季度回購了約5,450萬美元的股票，未償還的股票回購額度約爲7.72億美元。
財務顧問預計，BIGO將在2024年全年恢復增長並保持收入復甦。
More details: JOYY IR
更多詳情： JOYY IR
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：欲了解更多詳情，請訪問投資者關係網站。本文僅供投資者參考，不構成任何投資建議。
譯文內容由第三人軟體翻譯。