#advertising-revenue-growth

#advertising-revenue-growth

The company's net revenue was $540 million, down from $559 million in the same period a year ago. Yet it was high enough to top the consensus analyst estimate of $531 million and change. On the bottom line, net income in accordance with generally accepted accounting practices ( GAAP) was 2% higher at $62 million, or $1.15 per ADS. This easily topped the $1.05 collectively expected by the pundits tracking Joyy stock.