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Earnings Call Summary | JOYY(YY.US) Q1 2024 Earnings Conference

Earnings Call Summary | JOYY(YY.US) Q1 2024 Earnings Conference

業績電話會議摘要 | JOYY (YY.US) 2024 年第一季度業績會議
富途資訊 ·  05/29 17:27  · 電話會議

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。


以上內容僅用作資訊或教育之目的,不構成與富途相關的任何投資建議。富途竭力但無法保證上述全部內容的真實性、準確性和原創性。
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