JOYY Inc. (NASDAQ: JOYY), a leading global technology company, announced its unaudited financial results for the second quarter ended June 30, 2026, showcasing robust growth across its diversified business segments. The company reported total revenues of US$590.8 million, an increase of 16.3% year over year and 6.3% quarter over quarter, reflecting sustained momentum in its core and emerging businesses.
Social Entertainment revenue, a key segment, expanded 7.4% year over year and 5.6% quarter over quarter to US$422.7 million. Meanwhile, the company's second growth engine, comprising BIGO Ads and SHOPLINE, delivered exceptional performance. BIGO Ads revenue surged to US$133.7 million, up 53.1% year over year, while SHOPLINE contributed US$34.4 million, marking an accelerated year-over-year growth rate of 28.6%. This diversification underscores JOYY's strategic focus on high-growth areas beyond its traditional social entertainment offerings.
Profitability also strengthened during the quarter. Non-GAAP operating income reached US$49.1 million, up 28.2% year over year and 29.4% quarter over quarter. Non-GAAP EBITDA climbed to US$56.9 million, representing an 18.1% year-over-year and 24.4% quarter-over-quarter increase. Operating cash inflow totaled US$64.9 million, while net cash stood at US$3.06 billion as of June 30, 2026, providing the company with a solid financial foundation for future investments and shareholder returns.
In line with its commitment to shareholder value, JOYY updated its three-year shareholder return program in May 2026, planning to return a cumulative US$1.5 billion to shareholders by the end of 2028. From January 1 to August 21, 2026, the company returned US$358.8 million, comprising US$216.4 million in share repurchases and US$142.4 million in dividends. This ongoing capital return program highlights management's confidence in the company's cash flow generation and long-term growth prospects.
The strong quarterly results reflect JOYY's ability to adapt and thrive in a competitive global market. By leveraging its diverse revenue streams, the company is not only mitigating risks but also capitalizing on emerging opportunities in digital advertising and e-commerce solutions. The impressive growth in BIGO Ads and SHOPLINE indicates successful execution of its expansion strategies, which are expected to drive future performance.
JOYY's financial health, characterized by robust cash flows and a strong balance sheet, positions it well to navigate market uncertainties while continuing to invest in innovation and strategic initiatives. The company's focus on operational efficiency and shareholder returns is likely to resonate with investors, reinforcing its reputation as a resilient player in the technology sector.
