JOYY Inc. (JOYY): A Bull Case Theory

We came crossed a bullish thesis connected JOYY Inc. connected Stocks subreddit by afwaefsegs9397. In this article, we volition summarize the bulls’ thesis connected JOYY. JOYY Inc.'s stock was trading astatine $63.19 arsenic ] of December 17th. JOYY’s trailing and guardant P/E were 8.92 and 9.78 respectively according to Yahoo Finance.

Photo by Jakob Owens connected Unsplash

JOYY Inc., unneurotic with its subsidiaries, engages successful the proviso of societal merchandise matrix and connection technology. JOYY is a cash-rich exertion institution trading adjacent nett cash, with superior instrumentality emerging arsenic a cardinal pillar of the concern thesis. The institution is actively returning superior done some dividends and stock repurchases, offering investors tangible downside extortion portion waiting for valuation normalization.

Management has guided to astir $900 cardinal successful cumulative dividends and buybacks betwixt 2025 and 2027, and the existent $0.97 quarterly dividend implies a output of astir 6%, underscoring the spot of the equilibrium expanse and currency procreation profile. With $3.32 per stock successful currency arsenic of Q3, leverage and liquidity risks are minimal, reinforcing the asymmetric setup.

From a catalyst perspective, near-term sentiment could beryllium driven by improving advertizing growth, accrued third-party demand, oregon further iOS monetization expansion. The disconnect betwixt JOYY’s improving fundamentals and muted stock terms enactment is notable, peculiarly fixed the stock’s demonstrated quality to marque crisp multi-day moves erstwhile measurement and volatility return. While JOYY’s halfway live-streaming concern remains mature, caller net highlighted accelerating momentum successful its AdTech and SaaS initiatives, which are progressively cardinal to the equity story.

Bigo Live continues to anchor the business, generating $388 cardinal of live-streaming gross successful Q3, oregon implicit 70% of full revenue, chiefly done virtual gifting. At the aforesaid time, BIGO Ads has emerged arsenic a meaningful maturation engine, with advertisement gross up 29% year-over-year to $112.5 cardinal and BIGO Ads gross rising 33% year-over-year to $103.9 million, including astir 20% sequential growth. Investments successful AI-driven advertisement models that forecast idiosyncratic worth implicit a seven-day skyline are improving advertiser ROI and attracting higher-quality demand. Trading astatine astir 12.5x guardant earnings, sustained 20%+ maturation successful BIGO Ads could thrust a meaningful rerating alongside ongoing superior returns.

Previously we covered a bullish thesis on Meta Platforms, Inc. (META) by LongYield in May 2025, which highlighted AI-driven advertisement monetization, borderline expansion, and semipermanent generative AI optionality. The company's banal terms has appreciated astir by 13.5% since our coverage. This is due to the fact that the thesis played retired done beardown net execution. The thesis inactive stands arsenic AI-driven monetization remains intact. afwaefsegs9397 shares a similar view but emphasizes superior instrumentality and valuation normalization implicit growth.