US Stock Market Move | JOYY, Inc. Sponsored ADR Class A (JOYY.US) surged more than 20% as its Q1 revenue increased by 12.4% year-over-year.

On Tuesday, JOYY, Inc. Sponsored ADR Class A (JOYY.US) surged more than 20%, closing at $65.48. On the news front, on May 26, JOYY, Inc. Sponsored ADR Class A Group released its first quarter financial report for 2026. The revenue of JOYY, Inc. Sponsored ADR Class A Group reached $555.7 million, an increase of 12.4% year-on-year, achieving the highest year-on-year growth rate in recent years. This quarter, JOYY, Inc. Sponsored ADR Class A disclosed performance for the first time according to the three major business segments: social entertainment, advertising technology, and e-commerce. The strategic growth flywheel formed by the three major businesses is shaping an initial globalized and diversified ecosystem. Among them, the revenue of the social entertainment business was $400.4 million, an increase of 3.2% year-on-year. The second growth curve - advertising technology business BIGO Ads and e-commerce business SHOPLINE both maintained strong growth. BIGO Ads revenue reached $124.8 million, an increase of 55.6% year-on-year; SHOPLINE revenue reached $30.5 million, with a year-on-year growth rate of 16.1%. Under non-US GAAP, the group's operating profit and EBITDA in the first quarter reached $38 million and $45.7 million respectively, with year-on-year growth rates of 22.5% and 13.2%. At the same time, JOYY, Inc. Sponsored ADR Class A Group upgraded its shareholder return plan. From 2026 to 2028, the group can repurchase $600 million worth of stocks and distribute $900 million in dividends, with a total amount of up to $1.5 billion over three years.