JOYY Inc. (NASDAQ: JOYY), a leading global technology company, announced its unaudited financial results for the second quarter ended June 30, 2026, revealing sustained growth across its diversified business segments. The company reported total revenues of US$590.8 million, marking a 16.3% increase year over year and a 6.3% increase quarter over quarter. This performance underscores JOYY's ability to maintain momentum in a competitive market.
Social Entertainment revenue, a core segment, expanded by 7.4% year over year and 5.6% quarter over quarter to reach 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, a 53.1% surge year over year, while SHOPLINE contributed US$34.4 million, achieving an accelerated growth rate of 28.6% year over year. These figures highlight the increasing contribution of advertising and e-commerce solutions to JOYY's overall revenue mix.
The company also demonstrated improved profitability. Non-GAAP operating income rose to US$49.1 million, up 28.2% year over year and 29.4% quarter over quarter. Non-GAAP EBITDA reached US$56.9 million, an 18.1% increase year over year and 24.4% quarter over quarter. Operating cash inflow for the quarter was US$64.9 million, and the company maintained a robust net cash position of US$3.06 billion as of June 30, 2026.
In line with its commitment to shareholder returns, JOYY has been actively returning capital. The company updated its three-year shareholder return program in May, planning 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, comprising US$216.4 million in share repurchases and US$142.4 million in dividends. This ongoing capital return strategy reflects the company's confidence in its financial health and future prospects.
The strong second-quarter performance is a testament to JOYY's strategic focus on diversifying its revenue streams. By investing in high-growth areas like advertising and e-commerce, the company is reducing its reliance on any single business line. This approach not only drives growth but also enhances resilience against market fluctuations. As JOYY continues to execute its strategy, it remains well-positioned to deliver sustainable value to its shareholders and stakeholders.
