Technology
JOYY Reports Second Quarter 2026 Financial Results: Total Revenues Increase to US$590.8 Million, Driven by Growth Across Core Businesses
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2 months agoon
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SINGAPORE, Aug. 25, 2026 /PRNewswire/ — JOYY Inc. (NASDAQ: JOYY) (“JOYY” or the “Company”), a leading global technology company, today announced its unaudited financial results for the second quarter ended June 30, 2026.
In the second quarter, JOYY generated total revenues of US$590.8 million, up 16.3% year over year and 6.3% quarter over quarter. Social entertainment revenue was US$422.7 million, up 7.4% year over year and 5.6% quarter over quarter. BIGO Ads revenue reached US$133.7 million, up 53.1% year over year. SHOPLINE revenue reached US$34.4 million, with year-over-year growth further accelerating to 28.6%. Non-livestreaming revenue accounted for 31.8% of total revenues for the quarter, further increasing as JOYY’s diversified ecosystem continued to advance. Non-GAAP1 operating profit reached US$49.1 million, up 28.2% year over year and 29.4% quarter over quarter, while non-GAAP1 EBITDA reached US$56.9 million, up 18.1% year over year and 24.4% quarter over quarter. Operating cash inflow for the quarter was US$64.9 million. As of June 30, 2026, the Company held US$3.06 billion in net cash.
Supported by a better-than-expected operational performance in 1H26 and enhanced operating leverage from improved efficiency across its business segments, JOYY now expects the Group’s non-GAAP1 operating income growth to accelerate to approximately 20% year over year for the full year 2026.
In May, JOYY updated its three-year shareholder return plan, establishing a US$1.5 billion shareholder return program running through the end of 2028. Since the start of this year, the Company has accelerated its capital returns. From January 1 to August 21, 2026, JOYY repurchased US$216.4 million of shares and paid US$142.4 million in dividends, returning a total of US$358.8 million to shareholders.
Ms. Ting Li, Chairperson and Chief Executive Officer of JOYY, commented, “Building on a strong start to the year, we delivered another solid result in the second quarter, recording revenue growth both year over year and quarter over quarter. Our Social Entertainment, BIGO Ads, and SHOPLINE businesses all advanced in tandem, while our globally diversified ecosystem continued to unlock growth momentum. AI is a foundational technology driving broader application and deeper integration across our core operations, fueling our multi-engine growth strategy. Looking ahead, as we continue to strengthen the core competitiveness and profitability profile of our three business segments, we expect to drive JOYY’s long-term value creation into its next phase.”
Second Quarter 2026 Financial Highlights
Net revenues in the second quarter of 2026 were US$590.8 million, representing an increase of 16.3% from US$507.8 million in the second quarter of 2025 and an increase of 6.3 % from US$555.7 million in the first quarter of 2026.
– Social Entertainment revenue was US$422.7 million, representing an increase of 7.4% from US$393.8 million in the second quarter of 2025 and an increase of 5.6% from US$400.4 million in the first quarter of 2026.
– BIGO Ads revenue was US$133.7 million, representing an increase of 53.1% from US$87.3 million in the second quarter of 2025 and an increase of 7.1% from US$124.8 million in the first quarter of 2026.
– SHOPLINE revenue was US$34.4 million, representing an increase of 28.6% from US$26.7 million in the second quarter of 2025 and an increase of 12.5% from US$30.5 million in the first quarter of 2026.
Operating income was US$13.8 million, representing an increase of 138.1% from US$5.8 million in the second quarter of 2025, and an increase of 102% from US$6.8 million in the first quarter of 2026.
Non-GAAP1 operating income was US$49.1 million, representing an increase of 28.2% from US$38.3 million in the second quarter of 2025 and an increase of 29.4% from US$38 million in the first quarter of 2026.
Non-GAAP1 EBITDA was US$56.9 million, representing an increase of 18.1% from US$48.2 million in the second quarter of 2025 and an increase of 24.4% from US$45.7 million in the first quarter of 2026.
Net cash as of June 30, 2026 was US$3,059.3 million.
Net cash from operating activities was US$64.9 million.
Second Quarter 2026 Business Highlights
Social Entertainment Business
In the second quarter, the Company’s social entertainment business continued its steady growth momentum, with revenue increasing 7.4% year over year and 5.6% quarter over quarter. Within this segment, livestreaming revenue grew 7.3% year over year and 5.9% quarter over quarter. The number of core livestreaming paying users grew 3.9% year over year and 1.7% quarter over quarter, while ARPPU increased 2.4% year over year and 3% quarter over quarter. In terms of the overall user scale, JOYY’s global average mobile MAUs reached 277.1 million, up 5.5% year over year.
Bigo Live, the Company’s flagship product, recorded stronger sequential growth in the second quarter. This momentum was driven by ongoing enhancements to its streamer-incentive and growth mechanisms, a richer content ecosystem, and AI-powered improvements to content distribution and payment experiences. Together, these efforts effectively drove user engagement and greater willingness to pay. In the second quarter, Bigo Live’s average daily active streamers increased 4.4% quarter over quarter, while newly signed streamers going live increased 5.4% quarter over quarter.
Bigo Live continues to develop and refine its AI-driven content understanding capabilities. In particular, its focus is on improving onboarding content for new users and deepening user consumption. Through effectively identifying and distributing high-quality content across regions, Bigo Live can better match content with users’ interests, improving their consumption experiences. To improve payment experience, Bigo Live has been expanding its AI-generated content and interactive virtual gifts. In May, these gifts accounted for 34.3% of total virtual gift consumption.
On the operating side, Bigo Live has continued to strengthen its global ecosystem by leveraging cultural events, local activities, and content partnerships. During the second quarter, Bigo Live launched integrated online and offline campaigns around major cultural celebrations, including Thailand’s Songkran Festival, Cinco de Mayo in Los Angeles, and the Atlanta Juneteenth Festival, facilitating multicultural exchanges and strengthening connections across diverse communities. Meanwhile, Bigo Live successfully hosted MISS BIGO 2026 in Vietnam and launched BIGO Miss America 2026, spanning North America and Latin America. These initiatives further reinforced Bigo Live’s commitment to empowering women by providing a platform for them to express confidence, embrace diversity and showcase their individuality.
In the MENA region, Bigo Live entered into a strategic partnership with MLBB to exclusively restream MPL MENA Season 9, further expanding its esports content portfolio and strengthening engagement with regional gaming communities. During the summer football season, Bigo Live launched a dedicated interactive content zone, leveraging football-themed content and creator-led activities to drive user engagement and foster greater community participation.
BIGO Ads Advertising Technology Business
In the second quarter, BIGO Ads generated revenue of US$133.7 million, up 53.1% year over year and 7.1% quarter over quarter. Notably, its third-party Audience Network ad revenue maintained strong momentum, delivering 74.1% year-over-year growth and 9.3% quarter-over-quarter growth.
On the supply side, BIGO Ads’ developer ecosystem and global traffic coverage continued to expand. Its SDK traffic maintained a steady increase, up 37.7% year over year in the second quarter. On the demand side, BIGO Ads’ strategic presence across multiple verticals, combined with AI-driven algorithm iterations, growing traffic scale, and regional market expansion, drove strong advertiser demand. As a result, performance advertising demand across multiple channels, including Web and IAA, delivered standout results. Web-based demand grew 91.7% year over year, while IAA demand recorded 70.6% year-over-year growth.
On the algorithm side, continued investments in algorithm and engineering infrastructure, platform algorithmic capabilities, and cost efficiency are compounding into a positive cycle that will drive the next stage of BIGO Ads’ development. As it accumulates more advertiser feedback data and continues to refine its multi-channel attribution capabilities, its user profiling and targeting capabilities are improving. Building on this, BIGO Ads continues to iterate its vertical-specific models and strengthen its platform capabilities. The business is focusing on traffic segmentation and budget matching, traffic bidding, and post-campaign optimization. Together, these efforts are improving the matching efficiency between budget and traffic, and overall monetization efficiency. At the same time, BIGO Ads is advancing upgrades to its algorithm and engineering systems and continuously optimizing compute scheduling and server costs, which allows it to manage infrastructure costs more efficiently even as request volumes grow rapidly.
As BIGO Ads builds out its three-layer system of vertical algorithms, platform algorithm capabilities, and engineering infrastructure, the data accumulated from a growing customer and traffic base is expected to further feed back into model optimization. This will help drive a virtuous cycle across delivery performance, advertiser budgets, and traffic monetization efficiency, providing stronger technological momentum for the next stage of BIGO Ads’ scaled growth.
SHOPLINE E-Commerce Business
In the second quarter, SHOPLINE generated revenue of US$34.4 million, up 28.6% year over year and 12.5% quarter over quarter, with revenue growth speeding up from the first quarter. Business from cross-border merchants sustained strong growth of 73.5% year over year, driving the acceleration in overall revenue expansion.
As AI opens up new traffic and transaction entry points, commercial scenarios are becoming increasingly diverse and fragmented, driving growing demand among merchants for a unified, open, and connectable e-commerce infrastructure. This trend further highlights SHOPLINE’s value as an omnichannel commerce infrastructure. SHOPLINE has expanded its integrations with multiple leading AI Agents. This enables merchants to capture the traffic and transactions from these new entry points, while converting orders, customer relationships, and operating data across channels into a lasting asset for merchants. In the first half, for SHOPLINE merchants, page views from AI channels grew nearly 15-fold year over year and order volume grew over 35-fold year over year. In addition, SHOPLINE Copilot is being rolled out in phases and has entered closed beta testing, enabling merchants to manage their online stores more efficiently using natural language. This marks another step in SHOPLINE’s efforts to gradually integrate AI across the entire merchant operating journey and help merchants connect with consumers, manage operations, and drive business growth more efficiently.
SHOPLINE’s long-term growth is aligned with merchant success. High-retention subscription services provide a stable revenue foundation. Value-added services such as payments and marketing allow SHOPLINE to participate more deeply in merchant GMV growth. As its merchant base and GMV continue to increase, value-added services are expected to deliver stronger operating leverage and contribute more momentum to SHOPLINE’s business growth.
1.This press release includes certain non-GAAP financial measures as additional clarifying items to aid investors in further understanding the Company’s performance and the impact that these items and events had on the financial results. The non-GAAP financial measures provided above should not be considered as a substitute for, or superior to, the measures of financial performance prepared in accordance with GAAP. For details of the non-GAAP measures, including the reconciliations of GAAP measures to non-GAAP measures, please refer to the press release titled “JOYY Reports Second Quarter 2026 Unaudited Financial Results” issued by the Company on August 26, 2026.
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SOURCE JOYY Inc.
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Retail Trading Platforms Post Record Quarters as Investor Apps Multiply
Published
56 minutes agoon
October 10, 2026By
VANCOUVER, BC, Oct. 10, 2026 /PRNewswire/ — Wall Street Investor News Commentary – Four publicly listed retail investing platforms now report more than 41 million funded accounts between them, and two of them reported record quarters this summer. The pattern is the same across all of them: more people are managing their own money from a phone, and the platforms competing for them are adding research, data and AI tools alongside the trade button. Active Companies from around the markets include: Robinhood Markets, Inc. (NASDAQ: HOOD), Webull Corporation (NASDAQ: BULL), Futu Holdings Limited (NASDAQ: FUTU), eToro Group Ltd. (NASDAQ: ETOR), Morningstar, Inc. (NASDAQ: MORN).
Not every investor needs a brokerage to follow the market. A growing set of free tools sits one step before the trade, built for people who want to watch prices, understand why a stock moved and keep a watchlist without paying for a terminal. Those tools now compete on the same features the brokerages use to win accounts: live quotes, plain-language explanations and AI research.
Quote Daddy is one of them. It is a free stock-tracking app for the web, iPhone and Android with live watchlists for U.S. stocks and ETFs, interactive charts, insider activity from SEC Form 4 filings, alerts, and one-tap AI briefings that explain in plain English why a stock moved. It also tracks the latest SEC 13F holdings of well-known investors and congressional disclosed trades. Its research tool, Luxor IQ, turns live prices, a year of trend data, fundamentals, news and analyst ratings into a research note written by AI, with three free reports a day. There is no credit card and no paywall; accounts are free at quotedaddy.com.
Below are five listed platforms in the same space, the investor-facing apps and research services that millions of self-directed investors use, and what each reported in its latest quarter.
CONTINUED… Read more and open a free account at: quotedaddy.com
In other industry developments and happenings in the market this week include:
Robinhood Markets, Inc. (NASDAQ: HOOD)
Robinhood reported record second quarter 2026 revenue of $1.31 billion, up 32% from a year earlier. Funded customers rose 7% to 28.4 million, total platform assets rose 32% to $369 billion, and Robinhood Gold subscribers grew 39% to 4.8 million. Net deposits were $21.7 billion for the quarter, and the company has scheduled its third quarter results for October 27.
Webull Corporation (NASDAQ: BULL)
Webull reported second quarter 2026 revenue of $198.8 million, up 51% year over year, and net income attributable to the company of $24.4 million, compared with a net loss a year earlier. Registered users rose 13% to 28.2 million, funded accounts rose 8% to 5.13 million, and customer assets climbed 79% to $28.5 billion.
“I’m proud to report a record second quarter for Webull,” said CEO Anthony Denier, who credited the rollout of updated active-trader features after the elimination of the Pattern Day Trader rule on June 4.
Futu Holdings Limited (NASDAQ: FUTU)
Futu, the parent of the moomoo investing app, reported second quarter 2026 total revenues of US$918.2 million, up 35.6% year over year, and net income of US$464.4 million, up 41.6%. Funded accounts grew 33.6% to 3,842,667, registered users reached 31.3 million, and client assets rose 43.6% to HK$1.40 trillion.
“Malaysia led new funded account additions for the third consecutive quarter,” said Leaf Hua Li, Chairman and CEO.
eToro Group Ltd. (NASDAQ: ETOR)
eToro, which combines trading with a social investing feed, reported second quarter 2026 net contribution of $229 million, up 9% year over year, and GAAP net income of $53 million, up 77%. Funded accounts rose 18% to 4.28 million and assets under administration grew 10% to $19.2 billion.
“We delivered another strong quarter as we continue executing against our long-term strategy,” said Yoni Assia, Co-Founder and CEO.
Morningstar, Inc. (NASDAQ: MORN)
Morningstar, the investment research and data provider, reported second quarter 2026 revenue of $663.2 million, up 9.6%, and operating income of $160.6 million, up 28.4%. Revenue from its Morningstar Direct platform rose 6.2% to $222.1 million and PitchBook revenue rose 4.9% to $174.7 million.
“We are continuing to deliver profitable growth with meaningful increases in operating and free cash flows,” said CEO Kunal Kapoor. Morningstar plans to report third quarter results on October 28.
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Forward-Looking Statements: This article may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including statements made by the companies mentioned in their own news releases. Such statements involve risks and uncertainties, and actual results may differ materially. Readers should review each company’s filings with the SEC.
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Technology
AI Revenue Questions Pull Semiconductor Stocks Off October Highs
Published
2 hours agoon
October 10, 2026By
VANCOUVER, BC, Oct. 10, 2026 /PRNewswire/ — Stock Preachers News Commentary – Semiconductor equities began October on firm footing, with the iShares Semiconductor ETF advancing for five consecutive sessions and the sector’s largest company reaching a record high, before retreating through the week ended October 9. Sentiment shifted on Thursday, when the Financial Times reported that OpenAI had told investors its annualized revenue was nearing $50 billion at the end of September, below the approximately $70 billion figure that had been cited in media reports. Because semiconductor valuations are closely tied to expectations for AI infrastructure spending, the report weighed on the group, and the PHLX Semiconductor Index finished the week lower while the broader market was more resilient. Active Companies from around the markets with current developments this week include: Taiwan Semiconductor Manufacturing Company Limited (NYSE: TSM), NVIDIA Corporation (NASDAQ: NVDA), Intel Corporation (NASDAQ: INTC), Arm Holdings plc (NASDAQ: ARM), Micron Technology, Inc. (NASDAQ: MU).
The pullback follows a period of substantial gains. The PHLX Semiconductor Index was up 73% year to date as of late September, and several of the sector’s largest constituents have recorded triple-digit gains in 2026. Higher long-term Treasury yields and a rise in crude oil prices added pressure midweek, as higher discount rates tend to weigh most on companies valued on long-term growth expectations.
Company-specific developments shaped performance within the group. Two companies reported record milestones early in the week, while others faced open questions regarding a manufacturing partnership, ongoing litigation and the sustainability of AI-related demand.
CONTINUED… Read the full weekly market analysis in The Roadmap at: stockpreachers.com
In other industry developments and happenings in the market this week include:
Taiwan Semiconductor Manufacturing Company Limited (NYSE: TSM)
TSMC shares reached a record high on October 5 after Elon Musk confirmed early-stage discussions about a role for the company in his planned Terafab chip complex in Texas, calling them “just discussions.” On October 8 the company reported September revenue of NT$511.86 billion, up 54.6% from a year earlier and down 0.6% from August, bringing revenue for the first nine months of 2026 to NT$3.90 trillion, up 41.1%.
NVIDIA Corporation (NASDAQ: NVDA)
NVIDIA shares reached a record high on October 5, bringing their year-to-date gain to approximately 24.8% and their advance since the August 26 earnings report to approximately 14%. The company has also shown relative strength during recent sector weakness: on September 28, when semiconductor shares declined on AI safety concerns, NVIDIA advanced after announcing a $150 billion share buyback authorization and releasing two open-source tools designed to help control AI agents.
Intel Corporation (NASDAQ: INTC)
Intel shares declined on October 5 after Musk indicated that TSMC could participate in Terafab, a project Intel joined as a partner in April. On October 8 Musk said his companies will build and operate the Texas complex and that another chipmaker could at most sublease part of the site. Intel has said it will remain involved, although the scope of its role has not been finalized. Despite the decline, Intel shares were up approximately 215% year to date as of the October 5 close.
Arm Holdings plc (NASDAQ: ARM)
Arm shares declined during a five-day jury trial in federal court in Wilmington, Delaware, where Qualcomm alleges that Arm breached their licensing agreements and sought to undermine Qualcomm’s dealings with Meta Platforms. Arm denies the claims. The case went to the jury on October 9, and the judge has not yet ruled on whether a clause that could let Qualcomm stop paying royalties for five years is enforceable. Arm reports earnings on November 4.
Micron Technology, Inc. (NASDAQ: MU)
Micron shares declined alongside other memory producers despite Rosenblatt raising its price target to $1,900 from $1,500 on October 6, citing a beat-and-raise quarter and the potential for buybacks. Memory producers had advanced with the broader group in early October before sentiment shifted later in the week.
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References to the companies named in this article are provided solely as market and sector context and as summaries of public reporting and company disclosures. No partnership, affiliation, or endorsement is implied, and nothing in this article is a recommendation to buy, sell, or hold any security. Analyst price targets cited are those of third parties. The outcome of the legal proceedings and partnership discussions described cannot be predicted.
Forward-Looking Statements: This article may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including statements made by the companies mentioned in their own news releases. Such statements involve risks and uncertainties, and actual results may differ materially. Readers should review each company’s filings with the SEC.
Luxor IQ Disclosure. Luxor IQ is a research tool from Quote Daddy, a stock-tracking application affiliated with the publisher of this article, and this reference constitutes promotion of an affiliated product. Luxor IQ reports are generated by artificial intelligence, may contain errors, and are for informational and educational purposes only. Nothing in them is financial, investment, tax, or legal advice. Always do your own research before making any investment decision.
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Church of Scientology International’s Scientology Network Marks World Mental Health Day with CCHR Documentary Marathon
Published
3 hours agoon
October 10, 2026By
LOS ANGELES, Oct. 10, 2026 /PRNewswire/ — On World Mental Health Day, October 10, Scientology Network presents a marathon event spotlighting the Citizens Commission on Human Rights (CCHR). The program features CCHR’s mission to expose psychiatric industry corruption and combat human rights abuses.
This focus comes at a critical moment, as concerns over the potential links between psychiatric drugs, suicide, aggression and violence have thrust the issue of psychiatric drugging into the public eye.
Founded in 1969, CCHR is a nonprofit mental health watchdog responsible for helping to enact nearly 400 laws protecting individuals from abusive or coercive practices.
The World Mental Health Day Marathon will feature:
CCHR documentaries—an ongoing investigative series confronting powerful psychiatric groups to reveal corruption and the alarming history of abuses. The films included are:Psychiatry: An Industry of Death —An investigation of psychiatry’s dark past.Making a Killing —Examining the “unholy alliance” between the psychiatric industry, Big Pharma and government regulators.Prescription for Violence: Psychiatry’s Deadly Side Effects — Examining the potential link between rising psychiatric drug prescriptions and acts of violence and suicide.Voices for Humanity—the only ongoing television series dedicated to showcasing everyday people leading grassroots efforts to promote human rights, educate youth on the dangers of drugs and combat psychiatric abuse.Documentary Showcase: Letters from Generation Rx—An Award-winning documentary that exposes the dangerous and devastating effects of antidepressants, antipsychotics and other drugs marketed by pharmaceutical companies as “safe and effective.”
The World Mental Health Day Marathon starts October 10 at 8 a.m. ET.
Learn the truth about the psychiatric industry. Visit cchr.org for more information, and see the full marathon schedule at scientology.tv/schedule.
Scientology Network debuted on March 12, 2018, launched by David Miscavige, ecclesiastical leader of the Scientology religion. Since then, Scientology Network has been viewed in over 240 countries and territories worldwide in 17 languages. Satisfying the curiosity of people about Scientology, the network takes viewers across six continents, spotlighting the everyday lives of Scientologists, showing the Church as a global organization and presenting its Social Betterment programs that have touched the lives of millions worldwide. The network also showcases documentaries by independent filmmakers who represent a cross section of cultures and faiths, but share a common purpose of uplifting communities. Scientology Network’s innovative content has been recognized with more than 175 industry awards, including Tellys, Communitas and Hermes Creative Awards.
Broadcast from Scientology Media Productions, the Church’s global media center in Los Angeles, Scientology Network is available on DIRECTV Channel 320, DIRECTV STREAM and AT&T U-verse and can be streamed at scientology.tv, on mobile apps and via the Roku, Amazon Fire and Apple TV platforms.
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SOURCE Church of Scientology International
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