JOYY Reports Net Profit of US$60.6 Million, Share Buybacks Surpass US$117.8 Million in Q3
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JOYY Inc. reported a net profit of $60.6 million and conducted share buybacks exceeding $117.8 million in Q3 2024. The company's revenue was $558.7 million, with its core segment, BIGO, contributing $496.0 million.
November 27, 2024 | 3:00 am
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JOYY Inc. reported strong financial results for Q3 2024, with a net profit of $60.6 million and significant share buybacks of over $117.8 million. The company's revenue was $558.7 million, with the BIGO segment contributing $496.0 million.
The strong net profit and substantial share buybacks indicate financial health and shareholder value enhancement, likely boosting investor confidence and positively impacting the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100