JOYY Inc. (NASDAQ: JOYY), a leading global technology company, has released its unaudited financial results for the second quarter ended June 30, 2026, showcasing significant growth across its diversified business segments. The company reported total revenues of US$590.8 million, representing a 16.3% increase year-over-year and a 6.3% increase quarter-over-quarter. This growth underscores the resilience and momentum of JOYY's business model in the competitive technology and social entertainment landscape.
Breaking down the revenue streams, Social Entertainment revenue expanded by 7.4% year-over-year and 5.6% quarter-over-quarter, reaching US$422.7 million. However, the standout performers were the company's second growth engine, comprising BIGO Ads and SHOPLINE. BIGO Ads revenue surged to US$133.7 million, a substantial 53.1% increase from the same period last year, while SHOPLINE contributed US$34.4 million, marking an accelerated year-over-year growth rate of 28.6%. These figures highlight the successful diversification of JOYY's revenue base, reducing reliance on any single segment and positioning the company for sustained long-term growth.
Profitability also saw marked improvement during the quarter. Non-GAAP operating income reached US$49.1 million, up 28.2% year-over-year and 29.4% quarter-over-quarter. Non-GAAP EBITDA climbed to US$56.9 million, an 18.1% increase year-over-year and 24.4% quarter-over-quarter. Operating cash inflow totaled US$64.9 million for the quarter, reflecting strong cash generation capabilities. As of June 30, 2026, the company's net cash position stood at a robust US$3.06 billion, providing ample liquidity for strategic initiatives and shareholder returns.
In line with its commitment to delivering shareholder value, JOYY continues to execute its three-year shareholder return program, which was updated in May 2026. 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 has already returned US$358.8 million, comprising US$216.4 million in share repurchases and US$142.4 million in dividends. This proactive approach to capital allocation not only reflects the company's financial strength but also its confidence in future prospects.
The strong performance in the second quarter is a testament to JOYY's strategic focus on innovation and market expansion. The growth in BIGO Ads and SHOPLINE indicates that the company's investments in advertising technology and e-commerce solutions are paying off, providing new avenues for revenue generation beyond its core social entertainment offerings. For the broader business services industry, JOYY's results underscore the importance of diversification and the potential for technology companies to leverage their platforms to enter adjacent markets successfully.
As JOYY continues to navigate the dynamic global market, its ability to deliver consistent growth across multiple business lines positions it well to capitalize on emerging opportunities. The company's strong cash position and commitment to shareholder returns further enhance its appeal to investors. With a clear strategy and robust execution, JOYY is poised to maintain its trajectory of growth, delivering value to customers and shareholders alike.
