EarningsQ2 2026 Earnings Report
MX:JOYYN Q2 2026 EPS Results
Actual EPS$21.36
Consensus EPS$20.24
Beat/MissBeat by +$1.12
One Year Ago EPS$24.80
MX:JOYYN Q2 2026 Revenue Results
Actual Revenue$10.19B
Expected Revenue$9.90B
Beat/MissBeat by +$291.65M
YoY Revenue Growth+16.12%
Earnings Announcement Details
QuarterQ2 2026
Date08/25/2026
TimeAfter Close
Conference CallTuesday, August 25, 2026
MX:JOYYN Upcoming Earnings
JOYY's next earnings date is estimated for December 2, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MX:JOYYN Q2 2026 Earnings Call
0:00 / 0:00
Q2 2026 Earnings Slide Deck
No slide deck is available for this earnings event.
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call highlighted broad-based revenue growth across all three engines (Social Entertainment, BIGO Ads, Shopline), accelerating advertising momentum, meaningful improvements in operating profitability and a strong cash position that enabled accelerated shareholder returns. Key near-term headwinds include margin mix shifts (lower-margin third-party ads and Shopline value-added services), FX-related unrealized losses reducing reported net income, and continued investment needs for ad tech and Shopline's path to profitability. On balance, the positive revenue acceleration, sizable ad growth, improving operating profit, large net cash balance and active buyback/dividend program outweigh the challenges, supporting a constructive outlook.Company Guidance
Strong Total Revenue Growth
Total revenue of $591M, up 16.3% year-over-year and 6.3% quarter-over-quarter, with management reaffirming full-year 2026 revenue growth and Q3 guidance of $602M–$622M (implying +11.4% to +15.2% YoY).
Robust Advertising Momentum (BIGO Ads)
BIGO Ads revenue of $134M, up 53.1% YoY and 7.1% QoQ; third‑party BIGO Audience Network grew 74.1% YoY and 9.3% QoQ. SDK traffic rose 37.7% YoY; web-based demand +91.7% YoY and IAA spend +70.6% YoY.
Social Entertainment Recovery
Social Entertainment revenue $423M, up 7.4% YoY and 5.6% QoQ; live streaming revenue +7.3% YoY and +5.9% QoQ. Core live-stream paying users +3.9% YoY, ARPPU returned to positive growth (+2.4% YoY).
Shopline Rapid Expansion
Shopline revenue $34M, up 28.6% YoY and 12.5% QoQ. Cross-border merchant revenue surged +73.5% YoY. AI channels drove nearly 15x page views and >35x order volumes YoY for merchants.
Profitability and Operating Metrics Improving
Non-GAAP operating profit $49M (+28.2% YoY, +29.4% QoQ) and non-GAAP EBITDA $57M (+18.1% YoY, +24.4% QoQ). Gross profit $202M (+8.8% YoY, +6.5% QoQ) with group gross margin ~34.1%.
Strong Cash Position and Operating Cash Flow
Operating cash flow of $65M for the quarter and a net cash balance of approximately $3.06B as of June 30, 2026.
Accelerated Shareholder Returns
Year-to-date returns of $359M to shareholders (repurchases $216M and dividends $142M). Active buybacks under an authorized $1.5B program through 2028 (and an up-to-$600M program referenced), signaling commitment to capital returns.
AI-Driven Product and Engagement Gains
AI initiatives boosting product metrics: AI-generated interactive gifts accounted for 34.3% of virtual gift consumption in May; new voice products revenue grew >400% YoY and +39% QoQ; AI-driven content distribution and Shopline AI integrations demonstrating strong early traction.
Upgraded Profitability Outlook
Management raised full-year 2026 non-GAAP operating income growth target to ~20% YoY (up from prior 'teens' guidance), reflecting improved operating leverage and efficiency.
MX:JOYYN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed