JOYY Turns To Profit In Q2

(RTTNews) - JOYY Inc. (YY), a global video-based social media company, reported that its net income from continuing operations attributable to controlling interest of the company for the second quarter of 2022 were US$18.7 million, compared to net loss of US$109.3 million in the second quarter of 2021.

Non-GAAP net income from continuing operations attributable to controlling interest and common shareholders was US$51.5 million, compared to non-GAAP net loss of US$0.5 million in the second quarter of 2021.

Net revenues for the second quarter of 2022 were US$596.1 million.

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