Hello Group Q2 2024 Earnings Preview
JOYY Analyst Ratings
"Forcing ordinary practitioners to quit? Mihoyo's Cai Haoyu's latest controversial statement sparks heated discussions."
①Mi Haoyou, the founder of Mihoyo, stated on social media that only top talents and those who develop games for their interests have logical significance in game creation. Other game developers may consider changing careers. ②Mi Haoyou's remarks, known as "extreme theories" by some, have sparked discussions in the gaming industry.
JOYY Inc (YY) Q2 2024 Earnings Call Transcript Summary
MAU churn, decrease in average revenue per paid user, what does Joyy Group rely on to achieve growth?
Joyy Group released its second quarter financial report for 2024. During the reporting period, Joyy Group achieved revenue of 0.5651 billion USD, a year-on-year growth of 3.3%. During the performance conference call, the group's executives stated that due to the continued strong growth of the advertising business, the BIGO sector is expected to achieve high single-digit revenue growth for the full year.
JOYY's Q2 Global Average Mobile MAUs 275.2M Compared To 275.6M YoY; Total Number Of Paying Users Of BIGO 1.66M, Compared To 1.53M YoY