Affected by the growth of live broadcast revenue and the contribution of the BIGO consolidated statement, YY net revenue for the third quarter was 6.882 billion yuan (about 963 million US dollars), an increase of 67.8%.
Editor’s note: This article from “interface technology, reporter | Wu Yangyu.
After the November 12th of the US Eastern Time, the gathering era (NASDAQ: YY, hereinafter YY) released the third quarter earnings report as of September 30, 2019. The report shows that YY net revenue for the third quarter was 6.882 billion yuan (about 963 million US dollars), an increase of 67.8%, mainly due to the growth of live broadcast revenue and the contribution of the BIGO consolidated statement.
In the third quarter, the net profit of the controlling interest in the glory days was 110 million yuan (about 15.4 million US dollars), down 83.1% year-on-year; non-US GAAP (not counting equity compensation expenses), belonging to the era of gathering The net profit of the controlling interest was 574.1 million yuan (about 80.3 million US dollars), down 27.1% from RMB 787 million in the same period of last year, mainly due to the integration of overseas video social platform BIGO.
In terms of revenue composition, YY’s third-quarter live broadcast revenue was RMB 6.473 billion (US$905.7 million), an increase of 66.2% from RMB 3.895 billion in the same period last year. Among them, the contribution of YY and Huya live broadcast business accounted for RMB 1,160.6 million (US$162.4 million); the contribution of BIGO consolidated statements accounted for RMB 1,418 million (US$198.5 million).
Other revenues in the third quarter of the gathering were RMB 408.3 million (US$57.1 million), an increase of 98.3% from RMB 205.9 million in the same period last year, mainly driven by the growth in revenue from BIGO and Tiger Tooth advertising.
Operation, YY in the third quarter, global mobile MAU (average monthly active users) reached 470.1 million, overseas market users accounted for about 77.9%; video communication platform IMO average mobile monthly active visitors reached 211 million.
In addition, the average mobile monthly active visitors to the global short video service in the third quarter reached 150.4 million, an increase of 670.6% compared with 19.5 million in the same period last year; the average mobile monthly active visitors to the global live broadcast reached 157.8 million. Compared with the 124.8 million people in the same period last year, it increased by 26.5%.
YY totaled 4.3 million paying users in the third quarter, up 14.4% from 3.8 million in the same period last year.
Li Xueling, Chairman and CEO of Joytime Times, said that the company’s financial performance this quarter proved its strategyEffective implementation in product globalization, content innovation and technological advancement. The company expanded its global deployment of Likee, imo, BIGO LIVE and HAGO in the third quarter.
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