04:08 AM EDT, 05/29/2024 (MT Newswires) -- Joyy ( YY ) reported Q1 non-GAAP net income late Tuesday of $1.02 per diluted American depositary share, up from $0.64 a year earlier.

Two analysts polled by Capital IQ expected $0.81.

Revenue for the quarter ended March 31 was $564.6 million, down from $583.6 million a year earlier.

Two analysts surveyed by Capital IQ expected $554 million.

For Q2, the Chinese social media company expects revenue of $538 million to $569 million. An analyst polled by Capital IQ expects $565 million.

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