JOYY INC
In the published model solve dated 2026-Q2, anchored at $74.14, JOYY INC (JOYY) is priced for today's economics sustained for ~8.5 years. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed June 29, 2026 from SEC EDGAR filings.
• JOYY is no longer the Chinese live-streaming company its history suggests: it sold YY Live, its mainland China business, to Baidu for about US$2.1 billion (completed February 2025) [Source: Baidu acquisition announcement, Feb 2025], and what remains is an international live-streaming network (BIGO) bolted to a fast-growing advertising and commerce engine. • The biggest risk is that the operating business does not yet carry its own weight: trailing GAAP operating income is negative, so today's
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189 institutional managers reported holding JOYY in 13F filings for the quarter ended 2026-03-31. Together they hold about 39% of the company; the top 10 hold 19%. 25 opened new positions that quarter. Held by Goldman Sachs, Acadian Asset Management, Vanguard Group, among others. On the short side, 960k shares were sold short as of the 2026-06-15 count, about 2% of shares outstanding (2.8 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
JOYY has cut its share count 32.6% over the past five years, spending $1.20B on repurchases. It pays a dividend, and has for 1 year running. Cash returned over the past three years: $239.72M in dividends and $666.10M in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: June 29, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.