JOYY First Quarter 2024 Earnings: EPS: US$0.76 (vs US$0.36 in 1Q 2023)

[email protected] (Simply Wall St)
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JOYY (NASDAQ:YY) First Quarter 2024 Results

Key Financial Results

  • Revenue: US$564.6m (down 3.3% from 1Q 2023).

  • Net income: US$44.9m (up 77% from 1Q 2023).

  • Profit margin: 8.0% (up from 4.4% in 1Q 2023).

  • EPS: US$0.76 (up from US$0.36 in 1Q 2023).

earnings-and-revenue-growth
earnings-and-revenue-growth

All figures shown in the chart above are for the trailing 12 month (TTM) period

JOYY Earnings Insights

Looking ahead, revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Interactive Media and Services industry in the US.

Performance of the American Interactive Media and Services industry.

The company's shares are down 5.5% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 3 warning signs for JOYY (of which 1 doesn't sit too well with us!) you should know about.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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