--- title: "JOYY Q1 Income From Cont. Opns Up, Issues Q2 View, Plans Upto $600 Mln Share Buyback; Stock Up" type: "News" locale: "en" url: "https://longbridge.com/en/news/287605966.md" description: "JOYY Inc. reported a lower profit for Q1 2026 due to the absence of a prior year's gain from YY Live disposal. However, net income from continuing operations rose, with revenues increasing by 12.4% to $555.70 million. The company issued a Q2 revenue outlook of $562-$581 million and announced a $600 million share buyback program and a new quarterly dividend plan. Following the news, JOYY's stock rose by 12.1% in pre-market trading." datetime: "2026-05-26T08:50:46.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/287605966.md) - [en](https://longbridge.com/en/news/287605966.md) - [zh-HK](https://longbridge.com/zh-HK/news/287605966.md) generator: "portal-rs" --- # JOYY Q1 Income From Cont. Opns Up, Issues Q2 View, Plans Upto $600 Mln Share Buyback; Stock Up Add as your preferred news source on Google Add Now JOYY Inc. (JOYY), a Singapore -based technology company, late Monday reported sharply lower profit for the first quarter of 2026, due to the absence of a hefty gain on the disposal of YY Live in the previous year. on a continuing operations basis, the company recorded higher net income with growth in revenues. In addition, the company issued second-quarter revenue outlook, and announced a share repurchasing program of up to $600 million, as well as a quarterly dividend program. In pre-market activity on the Nasdaq, the shares were gaining around 12.1 percent, trading at $61.00, after closing Friday's regular trading 2.9 percent lower. In the first quarter, net income attributable to attributable to shareholders went down to $50.32 million or $1.00 per ADS from $1.92 billion or $35.72 per ADS in the same quarter of 2025. The prior year's results included a gain on on disposal of YY Live of $1.88 billion. On a continuing operations basis, the prior year's income was $45.06 million or $0.84 oer ADS. Adjusted net income from continuing operations was $55.94 million or $1.11 per ADS in the first quarter, compared with $70.3 million or $1.18 last year. The adjusted EBITDA rose to $45.7 million from previous year's EBITDA of $40.4 million. The net revenue for the first quarter was $555.70 million, an increase of 12.4 percent from $494.35 million last year. The result was driven by higher revenue generated through the sectors of Social Entertainment, BIGO ads, and SHOPLINE. Looking ahead for the second quarter, the company expects a net revenue to be between $562 million and $581 million. In addition, on May 22, the company's Board of Directors authorized a new share repurchase program of up to $600 million worth of shares until the end of 2028. The new program replaces a pre-existing share repurchase program to repurchase up to $300 million of its shares until the end of 2027. Further, the Board authorized a new quarterly dividend program, under which a total of approximately $900 million in cash will be distributed on a quarterly basis between 2026 and 2028. For comments and feedback contact: editorial@rttnews.com Business News ### Related Stocks - [JOYY.US](https://longbridge.com/en/quote/JOYY.US.md) - [YY.US](https://longbridge.com/en/quote/YY.US.md) ## Related News & Research - [JOYY Q2 2026 Earnings Preview](https://longbridge.com/en/news/296831874.md) - [JOYY Swings to Profit in 2025 as AI-Powered Ad Tech Drives Revenue Rebound](https://longbridge.com/en/news/278721160.md) - [Analysts Offer Insights on Technology Companies: Roadzen Inc (RDZN) and Beam Global (BEEM)](https://longbridge.com/en/news/296686640.md) - [YY Group issues 609,758 unregistered Class A shares valued at US$600,000 to advisors](https://longbridge.com/en/news/296356115.md) - [Deutsche Bank leases office space at YY London in Canary Wharf from 2028](https://longbridge.com/en/news/296446110.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**