Joyy reports Q4 revenue $604.9M, consensus $601.65M

Reports Q4 MAUs increased by 14.3% in Q4. David Xueling Li, chairman and CEO of Joyy, commented, "Despite the macro challenges, JOYY delivered solid financial performance and reported a second consecutive year of profits at the group level. We also achieved an acceleration in user growth for Bigo Live. Heading into 2023, we remain committed to enriching our users’ lives and improving their online experiences through our diverse and innovative products and services. We will remain adaptive to the macro environment, and in the meantime, we will prioritize resources allocation to businesses that align with our long-term strategies. With our proven resilient business model and strong cash position, we believe we will be better positioned to capture long-term growth opportunities and generate sustainable shareholder value."