JOYY, Inc. Sponsored ADR Class A (JOYY.US) achieved its highest year-over-year revenue growth rate in recent years in Q1, and plans to return $1.5 billion to shareholders over the next 3 years.

On the morning of May 26th Beijing time, JOYY, Inc. Sponsored ADR Class A (JOYY.US) released its first quarter financial report for 2026. In this quarter, JOYY, Inc. Sponsored ADR Class A revenue reached $555.7 million, an increase of 12.4% year on year, marking the highest year-on-year growth rate in recent years. In this financial report, JOYY, Inc. Sponsored ADR Class A group disclosed performance according to three major business segments: social entertainment, advertising technology BIGO Ads, and e-commerce SHOPLINE, all of which achieved year-on-year growth. The revenue from the social entertainment business, which serves as a strategic cornerstone, reached $400.4 million, an increase of 3.2% year on year, providing a stable cash flow foundation for the group. The advertising technology business BIGO Ads and e-commerce business SHOPLINE, which represent the second growth curve, both maintained strong growth momentum: BIGO Ads revenue reached $124.8 million, an increase of 55.6% year on year; SHOPLINE revenue reached $30.5 million, with a year-on-year growth rate of 16.1%. In the first quarter of JOYY, Inc. Sponsored ADR Class A, non-GAAP operating profit and EBITDA reached $38 million and $45.7 million respectively, an increase of 22.5% and 13.2% year on year. The operating cash flow of JOYY, Inc. Sponsored ADR Class A reached $46 million this quarter; as of March 31st, the net cash reached $3.18 billion. At the same time, JOYY, Inc. Sponsored ADR Class A group upgraded its shareholder return plan. During the period from 2026 to 2028, the group can repurchase $600 million worth of stocks and distribute $900 million in dividends, totaling up to $1.5 billion over 3 years.