Weekly Recap | BABA-WR -3.03%, single buy rating with target above spotWeekly Review·Sep 26 at 05:44 AM89988+0.28%
JOYY Group expects net revenue in the first quarter to be between $538 million and $548 million, with market estimates at $537.2 million. Net revenue for the fourth quarter of last year was $581.9 million, a year-on-year increase of 5.9%, exceeding the market estimate of $568 million. Real-time streaming revenue was $394.4 million, a year-on-year decrease of 6.6%. The average monthly active users on mobile were 270 million, a year-on-year increase of 3.4%. The gross margin was 35.3%, and R&D expenses were $61.5 million, a year-on-year decrease of 8.9%. The adjusted net income per ADS was $1.34, in line with market estimatesWallstreetcn·Mar 10 at 11:11 PMJOYY+0.01%
