JOYY Inc. (NASDAQ: JOYY), a leading global technology company, released 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, an increase of 16.3% year over year and 6.3% quarter over quarter, underscoring sustained momentum in its core and emerging businesses.
The company's Social Entertainment segment, a primary revenue driver, expanded 7.4% year over year and 5.6% quarter over quarter, reaching US$422.7 million in revenue. However, the standout performance came from JOYY's second growth engine, comprising BIGO Ads and SHOPLINE. BIGO Ads revenue surged 53.1% year over year to US$133.7 million, while SHOPLINE contributed US$34.4 million, an accelerated year-over-year growth rate of 28.6%. These results highlight the success of JOYY's strategy to diversify beyond its traditional social entertainment offerings and capitalize on the growing digital advertising and e-commerce enablement markets.
Profitability also improved significantly during the quarter. 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 and 24.4% quarter over quarter. 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. This financial strength provides JOYY with ample flexibility to invest in growth initiatives and return capital to shareholders.
In line with its commitment to shareholder returns, JOYY continues to execute its three-year program. Following an update 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 consistent capital return strategy reflects management's confidence in the company's cash flow generation and long-term prospects.
The strong quarterly results are particularly significant given the competitive landscape in the global technology sector. JOYY's ability to achieve double-digit revenue growth while maintaining profitability demonstrates the effectiveness of its diversified business model. The robust performance of BIGO Ads and SHOPLINE indicates that JOYY is successfully leveraging its technology and user base to expand into high-growth adjacent markets. For investors, the combination of solid revenue growth, improved profitability, and a clear shareholder return program positions JOYY as a compelling player in the tech industry. As the company continues to execute its strategy, it remains well-positioned to deliver sustained value to shareholders and capitalize on emerging opportunities in digital advertising and e-commerce solutions.
