JOYY Inc. (NASDAQ: JOYY) reported its unaudited financial results for the second quarter ended June 30, 2026, showcasing robust growth across its diversified business portfolio. The company's total revenues reached US$590.8 million, a 16.3% increase year-over-year and a 6.3% increase quarter-over-quarter. This growth underscores the effectiveness of JOYY's strategy to expand beyond its core social entertainment segment into high-potential areas like advertising and e-commerce solutions.
Social Entertainment revenue, a key segment for the company, grew 7.4% year-over-year to US$422.7 million, reflecting a steady recovery and solid user engagement. However, the standout performers were BIGO Ads and SHOPLINE, which collectively represent the company's second growth engine. BIGO Ads revenue surged 53.1% year-over-year to US$133.7 million, while SHOPLINE contributed US$34.4 million, marking an accelerated growth rate of 28.6% year-over-year. These figures highlight the successful execution of JOYY's strategy to diversify revenue streams and capitalize on the growing demand for digital advertising and e-commerce enablement.
The company also demonstrated improved profitability during the quarter. Non-GAAP operating income rose 28.2% year-over-year to US$49.1 million, while non-GAAP EBITDA increased 18.1% to US$56.9 million. Operating cash inflow stood at US$64.9 million, reflecting strong cash generation capabilities. As of June 30, 2026, JOYY maintained a robust net cash position of US$3.06 billion, providing ample liquidity for future investments and shareholder returns.
In line with its commitment to shareholder returns, JOYY has made significant progress in 2026. The company plans to return a cumulative US$1.5 billion to shareholders by the end of 2028, as part of its updated three-year shareholder return program. From January 1 to August 21, 2026, JOYY returned US$358.8 million to shareholders, comprising US$216.4 million in share repurchases and US$142.4 million in dividends. This consistent capital allocation underscores the board's confidence in the company's financial stability and future prospects.
The strong results in the second quarter reflect JOYY's ability to adapt to market trends and leverage its technological expertise. The growth in BIGO Ads and SHOPLINE indicates that these businesses are becoming significant contributors to the company's top line. As JOYY continues to innovate and expand its offerings, it is well-positioned to sustain its growth momentum and deliver long-term value to shareholders.
