Joyy cut at BofA, while Huya sees rating upgrade to Buy [Seeking Alpha]
JOYY Inc. - American Depositary Shares (YY)
Last joyy inc. - american depositary shares earnings: 3/16 06:00 pm
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US:NASDAQ Investor Relations:
about.yy.com/s/investors.html
Company Research
Source: Seeking Alpha
Joyy : A team of analysts led by Lei Zhang said that they downgraded Joyy due to matured live streaming business with limited revenue and margin upsides; uncertainties in shareholder returns due to the termination of Baidu deal and the potential return of $1.9B in cash related to Baidu deal; and new business is still in early stages and burns cash. Joyy posted a 6% year-over revenue decline in 2023 with 4% decline in overseas live streaming business (versus -15% year-over-year in 2022), 8% decline in major app use, and a largely stable core business profit trend amid the business maturing, the analysts noted. Its new business, Shopline, should take time to grow and has limited revenue contribution (below 5% estimated), remains loss making and burns cash. Solid cash position, shareholder return pending Baidu deal Joyy has net cash of US$1.1B (versus market of $1.9B) - excluded cash of US$1.9B related to the Baidu deal, which is under a restricted account as Joyy is in discussions
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News
- JOYY Inc. Filed 2023 Annual Report on Form 20-FGlobeNewswire
- JOYY Inc. Announces Repurchase Right Notification for 1.375% Convertible Senior Notes due 2026 [Yahoo! Finance]Yahoo! Finance
- JOYY Inc. Announces Repurchase Right Notification for 1.375% Convertible Senior Notes due 2026GlobeNewswire
- JOYY Stock: Pros And Cons Of Investing Now [Seeking Alpha]Seeking Alpha
- JOYY Inc. (NASDAQ: YY) had its "neutral" rating re-affirmed by analysts at Bank of America Co.. They now have a $35.00 price target on the stock.MarketBeat
YY
Earnings
- 11/29/23 - Beat
YY
Sec Filings
- 4/26/24 - Form 20-F
- 4/12/24 - Form SC
- 3/19/24 - Form 6-K
- YY's page on the SEC website