JOYY Expects Q3 Net Revenues To Be Between $555M-$569M Vs. $575M Consensus
Portfolio Pulse from Benzinga Newsdesk
JOYY Inc. has provided a revenue forecast for Q3 2024, expecting net revenues between $555 million and $569 million, which is below the consensus estimate of $575 million. This reflects the company's cautious outlook amid macroeconomic uncertainties.
August 28, 2024 | 5:54 am
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JOYY Inc. has issued a Q3 2024 revenue forecast of $555M-$569M, which is below the consensus of $575M. This cautious outlook is due to macroeconomic uncertainties.
The revenue forecast is below market expectations, which could lead to a negative short-term impact on JOYY's stock price. The company's cautious outlook due to macroeconomic uncertainties adds to the potential downside risk.
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