Total revenue reached $555.7 million, increasing 12.4% year over year. Social entertainment revenue totaled $400.4 million, rising 3.2% year over year, with live streaming revenue up 2.4% and core live streaming paying users up 5.9%. BIGO Ads revenue increased to $124.8 million, up 55.6% year over year, with the third-party BIGO Audience Network contributing 78.8% of the growth. Shopline revenue rose to $30.5 million, up 16.1% year over year, while cross-border merchant revenue grew 66% year over year and segment gross margin reached 51.5%. Gross profit was $189.3 million with a group gross margin of 34.1%. Non-GAAP operating profit was $38 million and non-GAAP EBITDA was $45.7 million. Non-GAAP net income attributable to controlling interest was $55.9 million, and operating cash flow was $46 million. Net cash position was $3.18 billion, and $156.8 million was returned to shareholders through dividends and buybacks. A new $1.5 billion shareholder return program for 2026–2028 increases total returns by 67% versus the prior plan.
"Total Revenue -- $555.7 million, up 12.4% year over year, marking the highest growth rate in recent years."
"BIGO Ads Revenue -- $124.8 million, up 55.6% year over year; third-party BIGO Audience Network contributed 78.8% year-over-year growth."
"Shopline Revenue -- $30.5 million, up 16.1% year over year, with cross-border merchant revenue up 66% year over year, and segment gross margin reaching 51.5% (up 6.8 percentage points year over year)."
"New Shareholder Return Program -- $1.5 billion over three years (2026-2028), including $600 million in buybacks, and $900 million in dividends; this represents a 67% increase from the prior plan."
Read at The Motley Fool
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