JOYY (YY) to Release Earnings on Tuesday

JOYY (NASDAQ:YY) will likely be releasing its Q1 2025 earnings data after the market closes on Tuesday, May 27th. Analysts expect JOYY to post earnings of $1.22 per share and revenue of $67.21 million for the quarter.

JOYY Price Performance

YY opened at $43.64 on Monday. The company has a market capitalization of $2.35 billion, a price-to-earnings ratio of 13.18 and a beta of 0.21. JOYY has a 1-year low of $27.88 and a 1-year high of $55.31. The business has a 50 day moving average price of $41.39 and a two-hundred day moving average price of $42.10.

JOYY Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Thursday, April 17th were given a $0.93 dividend. This represents a $3.72 dividend on an annualized basis and a yield of 8.52%. This is an increase from JOYY’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Thursday, April 17th. JOYY’s dividend payout ratio is -120.00%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Benchmark upgraded JOYY from a “hold” rating to a “buy” rating in a research report on Tuesday, February 25th. Wall Street Zen started coverage on JOYY in a research report on Monday, May 19th. They set a “hold” rating for the company.

Hedge Funds Weigh In On JOYY

A hedge fund recently raised its stake in JOYY stock. Royal Bank of Canada increased its holdings in JOYY Inc. (NASDAQ:YY) by 25.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,843 shares of the information services provider’s stock after purchasing an additional 9,543 shares during the period. Royal Bank of Canada owned approximately 0.09% of JOYY worth $1,966,000 at the end of the most recent reporting period. 36.83% of the stock is currently owned by institutional investors.

About JOYY

JOYY Inc, together with its subsidiaries, operates social media platforms that offer users engaging and experience across various video-based social platforms. It operates through two segments, BIGO and All Other. The company operates Bigo Live, a social live streaming platform, that provides an interactive online stage for users to host and watch live streaming sessions, share their life moments, showcase their talents, and interact with people worldwide; Likee, a short-form video social platform, which enables users to discover, create, and share short videos, with video creation tools and personalized feeds; imo, an instant messenger platform, that provides audio and video communication services; Hago, a social networking platform that offers casual games integrating social features, such as audio and video multi-user chatrooms and 3D virtual interactive party games; and Shopline, a smart commerce platform, that provides solutions and services to enable merchants in creating and growing their brands online and reach customers through various sales channels, including e-commerce platforms, social commerce, and physical retail stores.