By Sarina Isaacs
Joyy's American depositary receipts fell after the video social-media platform operator swung to a fourth-quarter loss and missed revenue estimates.
ADRs were down 9.7% to $42.37 in late-morning trading, although they were still up more than 30% over the past year.
Joyy on Thursday said its loss came to $386.5 million, or $5.67 per American depositary share, compared with earnings of $40.1 million, or 70 cents per ADS, in the same quarter a year earlier.
Revenue totaled $549.4 million, below the average analyst estimate of $554.7 million, according to FactSet.
The Singapore-based company said it expects first-quarter revenue of $482 million to $490 million, under analyst expectations for $492.3 million.
Write to Sarina Isaacs at sarina.isaacs@wsj.com
(END) Dow Jones Newswires
March 20, 2025 11:16 ET (15:16 GMT)
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