JOYY Inc. (YY) Q3 2024 Earnings Call Transcript Summary
JOYY Inc. (YY) Q3 2024 Earnings Call Transcript Summary
Gross profit was $208.1 million with a gross margin of 37.3%; BIGO's gross margin stood at 37%.The following is a summary of the JOYY Inc. (YY) Q3 2024 Earnings Call Transcript:
以下是歡聚公司（YY）2024年第三季度業績會電話會議記錄的摘要：
Financial Performance:
財務表現：
JOYY Inc. reported Q3 2024 group revenue of $558.7 million, a slight decrease from the previous year.
BIGO segment revenue was $496 million, with non-livestreaming revenue growing 15.5% sequentially to $78.2 million largely due to increased advertising revenues in Europe and North America.
Gross profit was $208.1 million with a gross margin of 37.3%; BIGO's gross margin stood at 37%.
Group's GAAP operating income was $16.4 million, up by 623.5% from the previous quarter.
GAAP net income for JOYY was $60.6 million, with a net margin of 10.8%.
歡聚公司報告2024年第三季度集團營業收入爲55870萬，較去年略有下降。
BIGO板塊營業收入爲49600萬，其中非直播營業收入環比增長15.5%，達到7820萬，主要由於歐洲和北美的廣告收入增加。
毛利潤爲20810萬，毛利率爲37.3%；BIGO的毛利率爲37%。
集團的GAAP營業收入爲1640萬，比上個季度增長623.5%。
歡聚的GAAP淨利潤爲6060萬，淨利率爲10.8%。
Business Progress:
業務進展：
Continued advancement of globalization strategy, enriching user interactions and monitoring content quality across different languages.
Introduced AI-powered real-time caption translation setting new global content guidelines.
Significant focus on Developed Countries leading to consistent year-over-year and sequential user growth in the region.
Redirected resources towards new social livestreaming products to enhance Likee's core market monetization.
持續推進全球化策略，豐富用戶互動，並監測不同語言的內容質量。
推出了由人工智能驅動的實時字幕翻譯，制定新的全球內容指導方針。
顯著關注發達國家，導致地域板塊用戶增長保持持續的同比和環比增長。
將資源重定向到新的社交直播概念產品，以增強Likee的核心市場盈利能力。
Opportunities:
機會：
Strong focus and successful revenue growth in Developed Countries highlight an effective market expansion strategy.
Robust advertising revenue growth from both BIGO and Likee shows considerable potential in product innovation and diversified revenue streams.
在發達國家的強勁關注和成功營業收入增長凸顯了有效的市場擴張策略。
從BIGO和Likee獲得的強勁廣告營業收入增長顯示出產品創新和多元化營業收入來源的巨大潛力。
Risks:
風險：
Anticipated short-term fluctuations in BIGO's live streaming revenues due to proactive adjustments in content and product features, which may impact the operating margin in the short term.
由於內容和產品功能的主動調整，預計BIGO的直播概念營業收入會出現短期波動，這可能會影響短期內的營業利潤率。
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
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譯文內容由第三人軟體翻譯。
