JOYY Inc. shares rose 4.0% in after-hours trade on Tuesday following the release of second-quarter results that exceeded analyst expectations.
The Chinese internet conglomerate reported Q2 revenue of $590.8 million, a 16.3% increase from the same period last year and ahead of the roughly $570 million consensus estimate. Sequential revenue growth reached 6.3%, driven by strength across all three of JOYY’s core segments: digital advertising, social entertainment, and online shopping. Operating income totaled $13.8 million, up 138.1% year-over-year.
The company’s regular session close stood at $75.00, a 2.08% gain on the day. In after-hours trading, shares advanced another $3.02 to $78.02, representing a 4.03% increase.
JOYY also provided third-quarter guidance, forecasting net revenues between $602 million and $622 million. The outlook reflects continued momentum across its diversified revenue streams.
The results follow a period of volatility for the stock, which has seen fluctuations tied to broader sentiment in the Chinese internet sector. JOYY’s performance underscores resilience in its advertising and social entertainment businesses amid a challenging macroeconomic backdrop.
