JOYY Reports Strong Financial Results for Q1 2024
Tuesday, 28 May 2024, 23:08
JOYY Reports Strong Financial Results for Q1 2024
The financial report for the first quarter of 2024 released by JOYY presents a robust performance by the company, with a remarkable 34.8% growth in net profit compared to the previous year. The revenue generated by their platform BIGO has shown stability, indicating a consistent growth trajectory for JOYY.
Key Points:
- Net Profit Growth: JOYY experienced a significant 34.8% increase in net profit year over year.
- Revenue Stability: BIGO, one of JOYY's platforms, sustained consistent revenue growth.
The results underscore JOYY's financial resilience and ability to maintain positive growth momentum amidst market challenges.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.