JOYY Inc. (NASDAQ: JOYY), a leading global technology company, announced its unaudited financial results for the second quarter ended June 30, 2026, revealing robust growth across its diversified business segments. The company reported total revenues of US$590.8 million, a 16.3% increase year over year and 6.3% quarter over quarter, underscoring its ability to sustain momentum in a competitive market.
Social Entertainment revenue, a core segment, expanded 7.4% year over year and 5.6% quarter over quarter to US$422.7 million. However, the standout performers were BIGO Ads and SHOPLINE, which together form the company's second growth engine. BIGO Ads generated US$133.7 million in revenue, up 53.1% year over year, while SHOPLINE contributed US$34.4 million, achieving an accelerated year-over-year growth rate of 28.6%. This diversification is proving crucial as JOYY navigates evolving consumer behaviors and advertising trends.
The company also strengthened its profitability metrics. Non-GAAP operating income reached US$49.1 million, up 28.2% year over year and 29.4% quarter over quarter. Non-GAAP EBITDA rose to US$56.9 million, an 18.1% increase year over year and 24.4% quarter over quarter. Operating cash inflow amounted to US$64.9 million during the quarter, and net cash stood at a healthy US$3.06 billion as of June 30, 2026. These figures highlight JOYY's effective cost management and operational efficiency.
In line with its shareholder return commitment, JOYY has made significant strides in 2026. 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 to shareholders, comprising US$216.4 million in share repurchases and US$142.4 million in dividends. This proactive approach to capital allocation reflects confidence in the company's financial stability and future prospects.
The strong performance in the second quarter underscores JOYY's ability to leverage its diversified business model to drive growth. The significant uptick in BIGO Ads and SHOPLINE revenues indicates that the company's investments in advertising technology and e-commerce solutions are paying off. As JOYY continues to optimize its portfolio and return value to shareholders, it remains well-positioned to capitalize on emerging opportunities in the global technology landscape.
For more detailed financial information and non-GAAP reconciliations, refer to the full press release titled "JOYY Reports Second Quarter 2026 Unaudited Financial Results" issued by the Company on August 26, 2026.
