JOYY For Q2 Expects Net Revenues To Be Between $538M-$569M Vs. $565M Consensus
Portfolio Pulse from Benzinga Newsdesk
JOYY Inc. has provided its revenue forecast for Q2 2024, expecting net revenues to be between $538 million and $569 million, compared to the consensus estimate of $565 million. This forecast reflects the company's current market and operational conditions, with potential impacts from macroeconomic uncertainties.
May 29, 2024 | 4:58 am
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JOYY Inc. has provided its Q2 2024 revenue forecast, expecting net revenues between $538 million and $569 million, compared to the consensus estimate of $565 million. This range indicates a potential slight underperformance or slight outperformance relative to market expectations.
The revenue forecast range provided by JOYY Inc. is close to the consensus estimate, suggesting that the company's performance could be in line with market expectations. However, the potential impact of macroeconomic uncertainties adds a layer of risk.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100