JOYY Inc. (YY) Tops Q3 EPS by 46c

JOYY Inc. (NASDAQ: YY) reported Q3 EPS of $0.42, $0.46 better than the analyst estimate of ($0.04). Revenue for the quarter came in at $650.5 million versus the consensus estimate of $621.45 million.

Business Outlook:

For the fourth quarter of 2021, the Company expects net revenues to be between US$652 million and US$661 million, representing a year-over-year growth of 14.7% to 16.3%. This guidance excludes the revenue contribution from Huya and YY Live in the same period of last year. This forecast considers the potential impact of the COVID-19 pandemic and reflects the Company’s current and preliminary views on the market and operational conditions, which are subject to changes, particularly as to the potential impact of the COVID-19 on the global economy and users’ paying capabilities.

For earnings history and earnings-related data on JOYY Inc. (YY) click here.

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