JOYY's Global Average Mobile Maus4 Increased By 2.6% YoY To 276.8M
Portfolio Pulse from Benzinga Newsdesk
JOYY Inc. reported mixed results in its Q3 2023 operational highlights. Bigo Live's average mobile MAUs rose by 14.0% YoY to 40.3 million, while Likee and Hago saw declines due to reduced ad spending on user acquisition, with Likee dropping to 41.0 million from 50.6 million, and Hago to 5.0 million from 7.6 million. Overall, global average mobile MAUs increased by 2.6% to 276.8 million. The total number of paying users for BIGO services grew by 6.6% to 1.61 million, but the average revenue per paying user slightly decreased to US$253.4 from US$259.8.
November 30, 2023 | 6:35 am
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
JOYY Inc. (YY) experienced growth in Bigo Live's MAUs and an overall increase in global MAUs, but faced declines in Likee and Hago due to decreased ad spending. The number of paying users increased, but there was a slight decrease in average revenue per user.
The mixed results with growth in some areas and declines in others suggest a neutral short-term impact on JOYY's stock price. The increase in global MAUs and paying users is positive, but the decrease in average revenue per user and the decline in MAUs for Likee and Hago could offset investor sentiment.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100