By Kelly Cloonan
American depository receipts of Joyy rose after the company guided for revenue growth as results in its live streaming business improve.
ADRs climbed 11%, on track for the highest close since 2021, before paring some of those gains to increase 6.1%, to $63.62, on Thursday. ADRs are up 52% this year.
The technology company said it expects fourth-quarter revenue of $563 million to $578 million, up from $549.4 million in the year-ago period and ahead of analyst estimates of $547.5 million, according to FactSet.
Heading into 2026, the company said it expects to return to growth as its live streaming business increases again and its advertising business gains momentum.
For the fiscal third-quarter, the company posted a profit of $62 million, or $1.15 a share, compared with $60.6 million, or $1.05 a share, a year earlier.
Adjusted earnings per share were $1.36.
Revenue fell to $540.2 million from $558.7 million a year ago. Analysts expected $532.3 million.
A decline in live streaming revenue improved on a sequential basis, while advertising revenue growth accelerated, the company said.
Write to Kelly Cloonan at kelly.cloonan@wsj.com
(END) Dow Jones Newswires
November 20, 2025 12:52 ET (17:52 GMT)
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