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$YY Bigo revenues up 148.8% hahahaha jesus christ
$YY
YY live segment down 9.1% Y/Y, obviously dissapointing. On the other hand still generating a ton of cash, 21.7% non-gaap operating margin.
YY live segment down 9.1% Y/Y, obviously dissapointing. On the other hand still generating a ton of cash, 21.7% non-gaap operating margin.
$YY Monster quarter from Bigo.. Revenues up 148.4%. Perhaps more important live streaming revenue up 158.8% Y/Y... incredible.
Costs continue to trend in the right direction, S&M and R&D both down significant as a % of revenue Q/Q. Non-gaap operating margin just -3%
Costs continue to trend in the right direction, S&M and R&D both down significant as a % of revenue Q/Q. Non-gaap operating margin just -3%
Bigo annual run-rate is $1.75 billion now, surpassing YY domestic. Massive Q from clearly $YY's most important segment.
Cash & Cash equiv of $3.55 billion post tencent transaction... Announced a $25 million quarterly dividend for the next three years ($300 million, 4.5% of MC)
Cash & Cash equiv of $3.55 billion post tencent transaction... Announced a $25 million quarterly dividend for the next three years ($300 million, 4.5% of MC)
Would have prefered a buyback or special dividend, but oh well better than nothing. Q3 outlook of 26.7 to 29.9% growth vs 20.4% consensus
Numbers suggest Bigo Live runs at a $450 million off-shore FCF run-rate.
How much would an overseas business with $1.6 billion revenues (bigo live share) and $400-$450 million FCF growing triple digits be worth in this market
? $YY
How much would an overseas business with $1.6 billion revenues (bigo live share) and $400-$450 million FCF growing triple digits be worth in this market
? $YY
$YY Group take-rate at 53.7% is very healthy for a live streaming business, suggests a ton of room to improve Gross Margins