The income contribution from non-live-streaming business has increased. Joyy Group: BIGO's profit is expected to stabilize and grow next year | Directly addressing the earnings conference.
①Due to the active optimization of content costs and advertising strategy, Joyy Group's Q3 operating profit increased compared to the previous quarter, with a greater contribution from non-live streaming business; ②At today's performance conference call, Joyy executives stated that BIGO's profit is expected to stabilize and grow next year.
JOYY Q3 2024 Adj. EPADS $1.07 Beats $0.94 Estimate, Sales $558.700M Miss $561.600M Estimate
Joyy Group: Operating profit in the third quarter of 2024 was $34.9 million, an increase of 16.4% compared to the previous quarter.
36kr holdings learned that joyy group released its financial report for the third quarter of 2024. In the third quarter, the group's revenue was 0.5587 billion usd; under non-usa general accounting standards, the group's operating profit was 34.9 million usd, a quarter-on-quarter increase of 16.4%; net profit reached 61.2 million usd, with a net margin of 10.9%. In the third quarter, joyy group continued to repurchase 3.43 million ADS shares, totaling approximately 0.1178 billion usd.
Joyy Group's Q3 financial report for year 24: Revenue of 0.559 billion US dollars, Non-GAAP operating profit of 34.9 million US dollars.
Here Are the Major Earnings After the Close Today
Earnings Scheduled For November 26, 2024
Cuhai88 : I am looking forward to it, how much longer do I have to wait?
102718588 OP Cuhai88 : I don’t know when
105536757 : me too.. looking forward to it. am waiting long d