JOYY Inc. (NASDAQ: JOYY), a leading global technology company, announced its unaudited financial results for the second quarter ended June 30, 2026, revealing strong year-over-year and sequential growth in total revenues, driven by the robust performance of its diversified business segments. The company reported total revenues of US$590.8 million, up 16.3% year over year and 6.3% quarter over quarter, underscoring the resilience and momentum of its core operations.
Social Entertainment revenue, a key component of JOYY's portfolio, expanded by 7.4% year over year and 5.6% quarter over quarter, reaching US$422.7 million. This growth was complemented by the exceptional performance of JOYY's second growth engine, which encompasses BIGO Ads and SHOPLINE. BIGO Ads revenue surged to US$133.7 million, a 53.1% increase year over year, while SHOPLINE contributed US$34.4 million, marking an accelerated year-over-year growth rate of 28.6%. These results highlight the success of JOYY's strategic diversification beyond its core social entertainment business, positioning the company for sustained long-term growth.
Profitability also saw notable improvements during the quarter. Non-GAAP operating income reached US$49.1 million, up 28.2% year over year and 29.4% quarter over quarter, while non-GAAP EBITDA increased by 18.1% year over year and 24.4% quarter over quarter to US$56.9 million. 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 healthy US$3.06 billion. These figures reflect JOYY's ability to convert revenue growth into bottom-line results and maintain a strong balance sheet.
In line with its commitment to shareholder returns, JOYY has been actively executing its capital return program. Following an update to 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 disciplined approach to capital allocation underscores management's confidence in the company's financial strength and future prospects.
The strong performance in the second quarter is particularly noteworthy given the competitive landscape and global economic uncertainties. JOYY's ability to deliver double-digit revenue growth, driven by both its established social entertainment segment and its emerging businesses, demonstrates the effectiveness of its diversified strategy. The growth in BIGO Ads and SHOPLINE is especially significant, as it reduces the company's reliance on any single revenue stream and opens up new avenues for expansion in the advertising and e-commerce sectors.
Looking ahead, JOYY's focus on innovation and operational efficiency is likely to continue driving growth. With a solid cash position and a clear shareholder return plan, the company is well-positioned to navigate market challenges and capitalize on opportunities. The positive results and strategic clarity provide a strong foundation for sustained value creation for shareholders and stakeholders alike.
