JOYY Inc. (NASDAQ: JOYY), a leading global technology company, announced its unaudited financial results for the second quarter ended June 30, 2026, revealing a strong performance that underscores the resilience and growth of its diversified business model. The company reported total revenues of US$590.8 million, an increase of 16.3% year over year and 6.3% quarter over quarter, driven by solid contributions from its core segments and the accelerating momentum of its second growth engine.
The Social Entertainment segment, a key revenue driver, experienced growth of 7.4% year over year and 5.6% quarter over quarter, reaching US$422.7 million. However, the most notable performance came from BIGO Ads and SHOPLINE, which together represent the company's strategic focus on diversifying revenue streams. BIGO Ads revenue surged 53.1% year over year to US$133.7 million, while SHOPLINE contributed US$34.4 million, marking an accelerated year-over-year growth rate of 28.6%. These figures highlight the success of JOYY's efforts to build a more balanced portfolio, reducing reliance on any single segment.
The company also demonstrated improved profitability in the second quarter. Non-GAAP operating income rose to US$49.1 million, up 28.2% year over year and 29.4% quarter over quarter. Non-GAAP EBITDA reached US$56.9 million, an increase of 18.1% year over year and 24.4% quarter over quarter. Operating cash inflow was robust at US$64.9 million for the quarter, while net cash stood at a healthy US$3.06 billion as of June 30, 2026. These financial metrics indicate that JOYY is not only growing its top line but also enhancing operational efficiency and cash generation.
In line with its commitment to shareholder returns, JOYY has been actively executing its three-year shareholder return program. Following an update in May, the company plans to return a cumulative US$1.5 billion to shareholders by the end of 2028. From January 1 to August 21, 2026, JOYY returned US$358.8 million to shareholders, consisting of US$216.4 million in share repurchases and US$142.4 million in dividends. This consistent return of capital underscores the company's confidence in its financial stability and future prospects.
The strong quarterly results and the successful expansion of BIGO Ads and SHOPLINE are significant indicators of JOYY's strategic pivot towards diversified revenue streams. As the company continues to execute its growth plans and enhance shareholder value, its ability to sustain this momentum will be closely watched by investors and industry observers. With a solid balance sheet and a clear focus on innovation and market expansion, JOYY appears well-positioned to navigate the evolving global technology landscape.
