JOYY Inc. (NASDAQ: JOYY), a leading global technology company, announced its unaudited financial results for the second quarter ended June 30, 2026, revealing significant year-over-year and quarter-over-quarter growth across its diversified business segments. The company reported total revenues of US$590.8 million, an increase of 16.3% year over year and 6.3% quarter over quarter, underscoring the sustained momentum of its core and emerging businesses.
The Social Entertainment segment, a key revenue driver, expanded 7.4% year over year and 5.6% quarter over quarter to US$422.7 million. However, the standout performance came from the company's second growth engine, comprising BIGO Ads and SHOPLINE. BIGO Ads revenue surged 53.1% year over year to US$133.7 million, while SHOPLINE contributed US$34.4 million, marking an accelerated year-over-year growth rate of 28.6%. This robust performance highlights the successful diversification of JOYY's revenue streams and its ability to capitalize on growing digital advertising and e-commerce opportunities.
The company also strengthened its profitability during the quarter. Non-GAAP operating income reached US$49.1 million, up 28.2% year over year and 29.4% quarter over quarter. Non-GAAP EBITDA climbed to US$56.9 million, an 18.1% increase year over year and a 24.4% rise quarter over quarter. Operating cash inflow totaled US$64.9 million, and net cash stood at a healthy US$3.06 billion as of June 30, 2026, providing the company with substantial financial flexibility.
JOYY's commitment to returning value to shareholders remains steadfast. Following the update of its three-year shareholder return program in May, the company plans to return a cumulative US$1.5 billion to shareholders by the end of 2028. From January 1 to August 21, 2026, JOYY has already returned US$358.8 million, comprising US$216.4 million in share repurchases and US$142.4 million in dividends. This disciplined capital allocation strategy reflects management's confidence in the company's financial health and growth prospects.
The strong results and strategic focus on diversification position JOYY well for sustained growth in a competitive global market. With its core social entertainment business maintaining steady expansion and its new growth engines delivering impressive gains, JOYY is demonstrating the effectiveness of its multi-pronged approach. The company's ability to generate significant operating cash flow and maintain a robust net cash position further underscores its operational efficiency and financial stability.
Investors and analysts will likely view these results favorably, as they indicate that JOYY's investments in advertising and e-commerce are paying off. The company's proactive shareholder return program also signals a commitment to delivering long-term value. As JOYY continues to execute its growth strategy, its diversified business model may serve as a competitive advantage, enabling it to navigate market fluctuations and capitalize on emerging trends.
