YY, Inc. (YY) Misses Q3 EPS by 11c

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Go back to YY, Inc. (YY) Misses Q3 EPS by 11c

YY Reports Third Quarter 2015 Unaudited Financial Results

November 23, 2015 4:01 PM EST

GUANGZHOU, China, Nov. 23, 2015 (GLOBE NEWSWIRE) -- YY Inc. (NASDAQ: YY) ("YY" or the "Company"), a revolutionary real-time interactive social platform, today announced its unaudited financial results for the third quarter ended September 30, 2015.

Third Quarter 2015 Highlights

Net revenues increased by 48.9% to RMB1,490.0 million (US$234.4 million) from RMB1,000.4 million in the corresponding period of 2014.

Mr. David Xueling Li, Chief Executive Officer of YY, stated, "In the third quarter, we saw ongoing vitality in our traditional music and entertainment business, and continued rapid growth in our emerging online dating and... More