JOYY Q2 2026 revenue up 16% to $590.8 million

JOYY reported Q2 2026 net revenues of US$590.8 million, up 16.3% year over year, driven by growth in Social Entertainment, BIGO Ads, and SHOPLINE. Non-GAAP operating income rose 28.2% year over year to US$49.1 million, with non-GAAP EBITDA at US$56.9 million, while GAAP net income declined modestly as operating improvements were offset by non-operating items. BIGO Ads revenue surged 53.1% to US$133.7 million and Shopline rose 28.6% to US$34.4 million, with non-live streaming revenues accounting for 31.8% of total net revenues. JOYY generated US$64.9 million in operating cash flow, had net cash of US$3.06 billion, and updated its US$1.5 billion shareholder return program through 2028, returning US$358.8 million to shareholders year-to-date. The company reiterated guidance for full-year 2026 non-GAAP operating income growth of about 20% year over year. In the quarter, adjusted EPS was US$1.24, modestly missing consensus estimates, while total revenues beat expectations, reflecting a mix of stronger top-line performance and narrower bottom-line gains.