June 28, 2022

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JOYY Inc., a world video-based social media corporate, on Tuesday introduced its unaudited monetary effects for the fourth quarter and entire 12 months of 2021.

Throughout the hot fourth quarter, JOYY’s internet revenues larger by means of 16.8% to $663.7 million, up from $568.2 million within the corresponding duration of 2020, essentially pushed by means of expansion in livestreaming source of revenue for BIGO Era, JOYY’s subsidiary in Singapore. Livestreaming revenues larger by means of 15% to $620.9 million within the fourth quarter of 2021, from $539.7 million within the corresponding duration of 2020.

Web source of revenue from proceeding operations as a consequence of controlling passion of JOYY all over the fourth quarter of ultimate 12 months was once $73.2 million, in comparison to internet lack of $118.9 million within the corresponding duration of 2020.

Throughout the whole 12 months of 2021, JOYY’s internet revenues larger by means of 36.5% to $2.62 billion, up from $1.92 billion in 2020, essentially pushed by means of a 36.4% year-on-year building up in livestreaming revenues. Web Ioss from proceeding operations as a consequence of controlling passion of JOYY in 2021 was once $115.9 million, in comparison to internet lack of $18.7 million in 2020.

Now let’s take a look at the apps JOYY has introduced. The whole collection of paying customers of BIGO larger by means of 2.5% year-on-year to at least one.51 million in 2021. The common cell MAUs of Bigo Reside, the livestreaming app below BIGO, larger by means of 11.9% year-on-year to succeed in 32.2 million in 2021.

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The common cell MAUs of Likee, BIGO’s brief video app, lowered by means of 44.2% year-on-year to 67 million in 2021, essentially because of diminished spending on person acquisition by way of commercial. In the meantime, the common cell MAUs of Hago, a recreational recreation social media platform below JOYY, lowered by means of 42.8% year-on-year to 9.5 million in 2021.

David Li, Chairman and Leader Government Officer of JOYY, commented, “In 2021, as we endured to execute our globalization technique and enhance our numerous social leisure ecosystem, we effectively enhanced our monetization functions throughout a couple of product traces, reaching full-year earnings expansion of 36.5%. At the capital go back entrance, all over the 12 months of 2021, we now have purchased again $393 million of our stocks, and feature paid out a complete of $160.1 million in dividends. Those efforts are to reveal our self assurance within the corporate’s long-term expansion possibilities.”

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For the primary quarter of 2022, the corporate expects internet revenues to be between $601 million and $616 million. This steerage excludes the earnings contribution from YY Reside in the similar duration of ultimate 12 months.