JOYY Inc. (NASDAQ: JOYY) reported a 16.3% year-over-year increase in total revenues for the second quarter ended June 30, 2026, reaching US$590.8 million, according to its unaudited financial results released today. The growth was driven by the company’s diversified business portfolio, with its second growth engine—BIGO Ads and SHOPLINE—delivering strong performance.
BIGO Ads revenue surged 53.1% year-over-year to US$133.7 million, while SHOPLINE contributed US$34.4 million, marking an accelerated growth rate of 28.6% compared to the same period last year. Social Entertainment revenue, the company’s core segment, also expanded 7.4% year-over-year and 5.6% quarter-over-quarter to US$422.7 million.
The company’s profitability continued to improve. Non-GAAP operating income rose 28.2% year-over-year and 29.4% quarter-over-quarter to US$49.1 million, while non-GAAP EBITDA increased 18.1% year-over-year and 24.4% quarter-over-quarter to US$56.9 million. Operating cash inflow totaled US$64.9 million during the quarter, and net cash stood at US$3.06 billion as of June 30, 2026.
JOYY also reaffirmed its commitment to shareholder returns. Following the update of its three-year shareholder return program in May, the company plans to return a cumulative US$1.5 billion to shareholders by the end of 2028. From January 1 to August 21, 2026, JOYY returned US$358.8 million, comprising US$216.4 million in share repurchases and US$142.4 million in dividends.
The results underscore the success of JOYY’s strategy to diversify beyond social entertainment, with BIGO Ads and SHOPLINE emerging as significant contributors to growth. The company’s ability to deliver consistent revenue growth and improved profitability highlights its operational efficiency and market positioning in the global technology sector.
