JOYY Full Year 2024 Earnings: EPS Misses Expectations

JOYY (NASDAQ:YY) Full Year 2024 Results

Key Financial Results

• Revenue: US$2.24b (down 1.3% from FY 2023).
• Net loss: US$147.6m (down by 143% from US$347.4m profit in FY 2023).
• US$2.55 loss per share (down from US$5.31 profit in FY 2023).

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All figures shown in the chart above are for the trailing 12 month (TTM) period

JOYY EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates.

The primary driver behind last 12 months revenue was the Developed countries and regions segment contributing a total revenue of US$1.21b (54% of total revenue). Notably, cost of sales worth US$1.43b amounted to 64% of total revenue thereby underscoring the impact on earnings. The largest operating expense was Sales & Marketing costs, amounting to US$333.3m (35% of total expenses). Explore how YY's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Interactive Media and Services industry in the US.

Performance of the American Interactive Media and Services industry.

The company's shares are down 12% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 1 warning sign for JOYY that you should be aware of.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.