0433 GMT - JOYY's near-term outlook may be supported by the advertising business and strong shareholder returns, says Deutsche Bank Research analyst Leo Chiang in a research note. Non-live-streaming revenue growth is likely to accelerate in 2Q, particularly in terms of ads, driven by favorable seasonality and the company's increasing emphasis on this business, Chiang says. Still, the analyst lowers the FY 2025 revenue forecast by 3% on a weaker live-streaming outlook, but keeps the adjusted net profit estimate largely unchanged to reflect a better margin outlook. The investment bank says the company's strong shareholder returns are attractive. It maintains a buy rating with a target price of $60.00. The ADRs last traded at $7.03. (tracy.qu@wsj.com)
(END) Dow Jones Newswires
June 04, 2025 00:33 ET (04:33 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。