Joyy reports Q4 adjusted EPS $1.01, consensus 77c

Reports Q4 revenue $569.8M, consensus $558.3M. David Xueling Li, chairman and CEO of Joyy, commented, “2023 proved to be a year of progress. Importantly, global average mobile MAUs resumed year-over-year growth for three consecutive quarters. Our relentless optimization of operational efficiencies led to continued profitability for the third consecutive year. During the fourth quarter, BIGO sustained its top line recovery, with revenue increasing by 3.1% on an annual basis, driven by a steady 7.9% year-over-year growth in its number of paying users.”