JOYY.US Q1 revenue achieves highest year-on-year growth in recent years, plans to return $1.5 billion to shareholders over the next three years

This quarter, JOYY's revenue reached $555.7 million, a year-on-year increase of 12.4%, marking the highest growth rate in recent years. In this financial report, JOYY Group disclosed its performance for the first time according to three main business segments: social entertainment, ad technology BIGO Ads, and e-commerce SHOPLINE, all of which achieved year-on-year growth. The social entertainment business, which serves as the strategic cornerstone, generated $400.4 million in revenue, up 3.2% year-on-year, continuously providing a stable cash flow foundation for the group. The ad technology business BIGO Ads and e-commerce business SHOPLINE, both serving as the second growth curve, maintained strong growth momentum: BIGO Ads revenue reached $124.8 million, an increase of 55.6% year-on-year; SHOPLINE's revenue hit $30.5 million, with a year-on-year growth rate of 16.1%.