JOYY
YY

$36

0.5%

Market Cap: $2.06B

About: JOYY Inc is a global technology company offering comprehensive innovation capabilities. The company enables users to interact with others in real time. The group is actively exploring and expanding its global commerce Software-as-a-Service and solutions business. JOYY emphasizes technological innovation and is recognized in the industry for its significant number of patent applications and licenses.

Employees: 6,292

0

Funds holding %

of 6,710 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

75% more funds holding in top 10

Funds holding in top 10: 4 [Q1] → 7 (+3) [Q2]

0.21% less ownership

Funds ownership: 3.3% [Q1] → 3.08% (-0.21%) [Q2]

4% less call options, than puts

Call options by funds: $3.32M | Put options by funds: $3.45M

9% less funds holding

Funds holding: 160 [Q1] → 145 (-15) [Q2]

12% less capital invested

Capital invested by funds: $905M [Q1] → $793M (-$112M) [Q2]

35% less repeat investments, than reductions

Existing positions increased: 40 | Existing positions reduced: 62

48% less first-time investments, than exits

New positions opened: 16 | Existing positions closed: 31

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Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

Low target

$35

3%

downside

Avg. target

$35

3%

downside

High target

$35

3%

downside

1 analyst rating

0 positive

0%

1 neutral

100%

0 negative

0%

JP Morgan

Daniel Chen

0% 1-year accuracy

0 / 2 met price target

3%downside

$35

Neutral

Maintained

3 Sept 2024

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Financial journalist opinion

Based on 4 articles about YY published over the past 30 days

JOYY Had A Sneaky Good Q2

JOYY beat Q2 earnings and sales estimates. It only trades at 10.9x 2025 EPS estimates despite beating estimates 100% of the time in the past 2 years. The company has $2.7 billion more in assets (net of goodwill) than liabilities, yet only has a $2 billion market cap. Developed country sales were up 32%. This is now 54% of the business.

JOYY Had A Sneaky Good Q2

JOYY Inc (YY) Q2 2024 Earnings Call Transcript

JOYY Inc (NASDAQ:YY ) Q2 2024 Results Conference Call August 27, 2024 9:00 PM ET Company Participants Tingzhen Xie - Investor Relations Senior Manager Ting Li - Chairperson of the Board & CEO Xueling Li - Co-Founder & Former Director Fuyong Liu - Vice President of Finance Conference Call Participants Thomas Chong - Jefferies Lei Zhang - Bank of America Brian Gong - Citi Operator Ladies and gentlemen, thank you for standing by, and welcome to the JOYY Inc.'s Second Quarter 2024 Earnings Call. [Operator Instructions] I'd now like to hand the conference over to your host today, Jane Xie, the company's Senior Manager of Investor Relations.

JOYY Inc (YY) Q2 2024 Earnings Call Transcript

JOYY Reports Second Quarter 2024 Financial Results: Total Revenues up 3.3% Year Over Year, BIGO Achieves Fourth Consecutive Quarter of Growth

SINGAPORE , Aug. 27, 2024 /PRNewswire/ -- JOYY Inc. (NASDAQ: YY) ("JOYY" or the "Company"), a global leading technology company, announced its unaudited financial results for the second quarter of 2024. During the second quarter, JOYY's revenue came in at US$565.1 million, a year-over-year increase of 3.3%.

JOYY Reports Second Quarter 2024 Financial Results: Total Revenues up 3.3% Year Over Year, BIGO Achieves Fourth Consecutive Quarter of Growth

JOYY Reports Second Quarter 2024 Unaudited Financial Results

SINGAPORE, Aug. 28, 2024 (GLOBE NEWSWIRE) -- JOYY Inc. (NASDAQ: YY) (“JOYY” or the “Company”), a global technology company, today announced its unaudited financial results for the second quarter of 2024.

JOYY Reports Second Quarter 2024 Unaudited Financial Results

JOYY Announces Leadership Transition

SINGAPORE, Aug. 03, 2024 (GLOBE NEWSWIRE) -- JOYY Inc. (Nasdaq: YY) (“JOYY” or the “Company”), a global technology company, today announced that its board of directors (the “Board”) has approved a carefully planned leadership succession. Ms. Ting Li, currently Director and Chief Operating Officer of the Company, will succeed Mr. David Xueling Li as Chairperson of the Board (“Chairperson”) and Chief Executive Officer (“CEO”), effective immediately. Mr. David Xueling Li will continue serving as a member of the Board, ensuring continuity and supporting ongoing business momentum.

JOYY Announces Leadership Transition

Zacks Investment Research

Is JOYY (YY) Stock Undervalued Right Now?

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Is JOYY (YY) Stock Undervalued Right Now?

Zacks Investment Research

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It is imperative to build a portfolio of low-beta stocks to sail through a volatile market. Cool Company (CLCO), Corcept Therapeutics (CORT), TXO Partners (TXO), & JOYY (YY) are well-poised to gain.

Navigate Market Turbulence With These 4 Low-Beta Stocks

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3 Undervalued Social Media Stocks to Snap Up Now

JOYY Inc. Announces the Results of the Repurchase Right Offer for its 1.375% Convertible Senior Notes due 2026

SINGAPORE, June 14, 2024 (GLOBE NEWSWIRE) -- JOYY Inc. (Nasdaq: YY) (“JOYY” or the “Company”), a global technology company, today announced the results of its previously announced repurchase right offer relating to its 1.375% Convertible Senior Notes due 2026 (CUSIP No. 98426T AF3) (the “2026 Notes”). The repurchase right offer expired at 5:00 p.m., New York City time, on Thursday, June 13, 2024. Based on information from Citibank, N.A. as the paying agent for the 2026 Notes, US$405,445,000 aggregate principal amount of the 2026 Notes were validly surrendered and not withdrawn prior to the expiration of the repurchase right offer. The aggregate cash purchase price of these 2026 Notes is US$405,445,000. The Company has accepted all of the surrendered 2026 Notes for repurchase and has forwarded cash in payment of the same to the paying agent for distribution to the applicable holders. As June 15, 2024 is a Saturday, the paying agent will pay the repurchase price for the 2026 Notes tendered and the accrued interest on all of the 2026 Notes no later than Monday, June 17, 2024, the next succeeding business day following the repurchase date, pursuant to the indenture dated as of June 24, 2019 relating to the 2026 Notes.

JOYY Inc. Announces the Results of the Repurchase Right Offer for its 1.375% Convertible Senior Notes due 2026

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