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 a 6.3% increase quarter over quarter, underscoring its sustained momentum in the competitive tech landscape.
Central to this growth is the company's second growth engine, comprising BIGO Ads and SHOPLINE. BIGO Ads generated US$133.7 million in revenue, up 53.1% year over year, while SHOPLINE contributed US$34.4 million, marking an accelerated growth rate of 28.6% year over year. These segments are proving to be pivotal in diversifying JOYY's revenue streams beyond its core Social Entertainment business, which still grew 7.4% year over year to US$422.7 million.
Profitability also saw significant improvement. 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. The company generated operating cash inflow of US$64.9 million during the quarter, and as of June 30, 2026, net cash stood at a robust US$3.06 billion, providing ample liquidity for strategic initiatives.
JOYY's commitment to shareholder returns remains a key highlight. 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 has already returned US$358.8 million, comprising US$216.4 million in share repurchases and US$142.4 million in dividends. This aggressive return strategy signals confidence in the company's financial health and future cash flows.
For investors, these results indicate that JOYY's strategic diversification is paying off. The strong performance of BIGO Ads and SHOPLINE not only mitigates risks associated with reliance on a single revenue stream but also positions the company for sustained growth in the digital advertising and e-commerce sectors. The consistent profitability improvements and substantial cash reserves further reinforce the company's stability.
In an industry where adaptability is crucial, JOYY's ability to grow both top and bottom lines while returning capital to shareholders is noteworthy. As the company continues to execute its strategy, stakeholders will be watching closely to see if this momentum can be maintained. The full details of the financial results are available in the company's official press release.
