JOYY: Mediocre Earnings And Blockbuster Value Plan
JOYY Inc. reported earnings that largely met expectations, with revenue growth but a slight decline in gross margin. The company remains undervalued despite a significant shareholder return program. Analysts maintain a buy rating with a price target of $94.5, while noting risks related to livestreaming and advertising margins.
- ▪JOYY's 1Q26 results showed revenue growth and a slight decrease in gross margin.
- ▪The company has initiated a large program for shareholder returns.
- ▪Analysts have set an adjusted price target of $94.5 for JOYY stock.
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