Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. United States
  4. Nasdaq
  5. JOYY Inc.
  6. News
  7. Summary
    YY   US46591M1099

JOYY INC.

(YY)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

JOYY : Announces New Share Repurchase Plan (Form 6-K)

09/09/2021 | 09:32am EST

JOYY Inc. Announces New Share Repurchase Plan

SINGAPORE, September 9, 2021 (GLOBE NEWSWIRE) - JOYY Inc. (NASDAQ: YY) ('JOYY' or the 'Company', formerly known as YY Inc.), a global video-based social media company, today announced that its board of directors has authorized a new share repurchase plan under which the Company may repurchase up to US$200 million of its shares over the next 12 months. The share repurchases may be made from time to time in the open market at prevailing market prices, in privately negotiated transactions, in block trades and/or through other legally permissible means, depending on market conditions and in accordance with applicable rules and regulations. JOYY's board of directors will review the share repurchase plan periodically, and may authorize adjustment of its terms and size. The Company expects to fund repurchases made under this plan from its existing funds.

About JOYY Inc.

JOYY is a leading global social media company that enables users to interact with each other in real time through online live media. On a mission to connect people and enrich their lives through video, JOYY currently operates several social products, including Bigo Live for live streaming, Likee for short-form videos, Hago for casual games, and instant messaging product and others. The Company has created a highly engaging and vibrant user community for users across the globe. JOYY was listed on the NASDAQ in November 2012.

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the 'safe harbor' provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as 'will,' 'expects,' 'anticipates,' 'future,' 'intends,' 'plans,' 'believes,' 'estimates' and similar statements. Among other things, JOYY's strategic and operational plans may contain forward-looking statements. JOYY may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission ('SEC'), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about JOYY's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: JOYY's goals and strategies; JOYY's future business development, results of operations and financial condition; the expected growth of the online communication social platform market in China; the expectation regarding the rate at which to gain active users, especially paying users; JOYY's ability to monetize the user base; fluctuations in general economic and business conditions in China; the impact of the COVID-19 to JOYY's business operations and the economy in China and elsewhere generally; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in JOYY's filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and JOYY does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

Investor Relations Contact

JOYY Inc.
Jane Xie/Maggie Yan
Email: joyy-ir@joyy.sg

ICR, LLC
Robin Yang
Email: joyy@icrinc.com

Disclaimer

JOYY Inc. published this content on 09 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 September 2021 13:31:06 UTC.


© Publicnow 2021
All news about JOYY INC.
12/06Asian ADRs Move Higher in Monday Trading
MT
12/03Chinese ADRs Sink After Didi Plans Delisting, SEC Finalizes Disclosure Rules on Foreign..
MT
11/19Nomura Adjusts JOYY's Price Target to $65 From $57, Maintains Buy Rating
MT
11/19JOYY : Presentation – November 2021
PU
11/18Tech Stocks Advance Premarket Thursday
MT
11/18JOYY : Reports Third Quarter 2021 Unaudited Financial Results - Form 6-K
PU
11/18JOYY Swings to Q3 Adjusted Profit, Revenue Rises
MT
11/17JOYY Inc. Provides Revenue Guidance for the Fourth Quarter of 2021
CI
11/17JOYY Highlights Third Quarter 2021 Results, Achieving Non-GAAP Profitability and Furthe..
PR
11/17JOYY : Q3 Earnings Snapshot
AQ
More news
Analyst Recommendations on JOYY INC.
More recommendations
Financials (USD)
Sales 2021 2 619 M - -
Net income 2021 -195 M - -
Net cash 2021 2 604 M - -
P/E ratio 2021 -21,3x
Yield 2021 4,36%
Capitalization 3 473 M 3 473 M -
EV / Sales 2021 0,33x
EV / Sales 2022 0,24x
Nbr of Employees 7 931
Free-Float 93,2%
Chart JOYY INC.
Duration : Period :
JOYY Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends JOYY INC.
Short TermMid-TermLong Term
TrendsBearishNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 21
Last Close Price 44,55 $
Average target price 81,57 $
Spread / Average Target 83,1%
EPS Revisions
Managers and Directors
Xue Ling Li Chairman & Chief Executive Officer
Ting Li Chief Operating Officer
Qin Liu Independent Director
Peter Andrew Schloss Independent Director
Peng Tsin Ong Independent Director
Sector and Competitors
1st jan.Capi. (M$)
JOYY INC.-44.30%3 473
TENCENT HOLDINGS LIMITED-20.60%547 501
NETFLIX, INC.13.31%271 392
PROSUS N.V.-19.19%254 126
AIRBNB, INC.15.53%113 246
UBER TECHNOLOGIES, INC.-24.53%74 675