JOYY's Q4 Average Mobile MAUs Of Bigo Live Increased By 4.5% YoY; Total Number Of Paying Users Of BIGO Up 7.9% YoY
Portfolio Pulse from Benzinga Newsdesk
JOYY Inc. reported a 4.5% year-over-year increase in Q4 average mobile MAUs for Bigo Live, reaching 38.4 million. However, Likee and Hago saw declines in MAUs due to reduced ad spending. Overall, global mobile MAUs rose by 2.6% to 274.9 million. The total number of paying users for BIGO services increased by 7.9% to 1.67 million, although the average revenue per paying user slightly decreased.
March 19, 2024 | 5:03 am
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JOYY Inc. saw a mixed performance in Q4 with Bigo Live's MAUs increasing by 4.5% YoY, while Likee and Hago experienced declines. The total number of paying users for BIGO services rose by 7.9%, despite a slight decrease in average revenue per user.
The increase in MAUs for Bigo Live and the overall rise in paying users for BIGO services suggest positive momentum for JOYY Inc., which could lead to a short-term positive impact on its stock price. However, the decline in MAUs for Likee and Hago, along with a slight decrease in average revenue per paying user, indicates challenges that may temper investor enthusiasm.
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