JOYY Inc. (JOYY.US) stock is soaring 6.16% in Tuesday's trading session, as investors react positively to the company's robust second-quarter financial results. The social media platform's shares are trading significantly higher, reflecting growing confidence in its diversified revenue streams and improved profitability.

According to the company's latest financial report, JOYY Inc. generated total revenue of $508 million in Q2, marking a 2.7% increase quarter-over-quarter. While live streaming revenue, which reached $375.4 million, showed a modest 1.1% sequential growth, the non-live streaming business demonstrated impressive performance. This segment saw a substantial 25.6% year-over-year increase in revenue, now accounting for 26.1% of the group's total revenue - up 7.4 percentage points from the same period last year.

The company's profitability metrics also showed significant improvements. Adjusted EBITDA reached $48.2 million, representing a 25.7% year-over-year increase and a 19.3% quarter-over-quarter growth. Additionally, adjusted net profit totaled $77 million, up 3.9% year-over-year. JOYY Inc.'s financial health appears robust, with operating cash flow remaining strong at $57.6 million. These positive financial indicators, especially the growth in non-live streaming revenue and improved profitability, are likely driving the stock's substantial rise today.