JOYY's Q2 Global Average Mobile MAUs 275.2M Compared To 275.6M YoY; Total Number Of Paying Users Of BIGO 1.66M, Compared To 1.53M YoY
Portfolio Pulse from Benzinga Newsdesk
JOYY Inc. reported a slight decrease in global average mobile MAUs to 275.2M in Q2 2024 from 275.6M YoY. Bigo Live, Likee, and Hago saw declines in MAUs due to reduced spending on user acquisition. However, paying users of BIGO increased to 1.66M from 1.53M YoY.
August 28, 2024 | 5:56 am
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JOYY Inc. reported a slight decrease in global average mobile MAUs to 275.2M in Q2 2024 from 275.6M YoY. Bigo Live, Likee, and Hago saw declines in MAUs due to reduced spending on user acquisition. However, paying users of BIGO increased to 1.66M from 1.53M YoY.
The slight decrease in global MAUs and the decline in MAUs for Bigo Live, Likee, and Hago due to reduced ad spending could be seen as a negative. However, the increase in paying users for BIGO is a positive sign, balancing the overall impact.
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