On Tuesday, shares of JOYY Inc. (JOYY.US) surged over 20%, trading at $65.48. This follows the company's release of its first-quarter 2026 financial results on May 26th. JOYY reported revenue of $555.7 million, a 12.4% increase year-over-year, marking its highest year-on-year growth rate in recent years. For this quarter, the company for the first time disclosed performance across three major business segments, highlighting a strategic growth flywheel formed by its social entertainment, advertising technology, and e-commerce operations, indicating the initial formation of a globalized and diversified ecosystem. Within this, social entertainment business revenue reached $400.4 million, up 3.2% year-over-year. The company's secondary growth drivers—the advertising technology business BIGO Ads and the e-commerce business SHOPLINE—both maintained robust growth. BIGO Ads revenue was $124.8 million, a 55.6% increase, while SHOPLINE revenue reached $30.5 million, growing 16.1%. On a non-GAAP basis, the group's operating profit and EBITDA for the first quarter reached $38 million and $45.7 million, respectively, representing year-over-year growth of 22.5% and 13.2%. Concurrently, JOYY has upgraded its shareholder return program, authorizing share repurchases of up to $600 million and dividends of $900 million from 2026 through 2028, totaling $1.5 billion over the three-year period.