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Tuesday, November 12, 2019

=YY (YY) reported earnings on Tue 12 Nov 19 (a/h)

YY beats by $0.09, beats on revs; sees Q4 revs +57.7-62% yr/yr

  • Reports Q3 (Sep) earnings of $0.90 per share, excluding non-recurring items, $0.09 better than the S&P Capital IQ Consensus of $0.81; revenues of $962.9 mln vs the $947.24 mln S&P Capital IQ Consensus. Global average mobile MAUs reached 470.1 million, among that ~77.9% were from markets outside of China. Average mobile MAUs of imo reached 212.0 million.
  • For the fourth quarter of 2019, the Company expects net revenues to be between RMB7.32 billion and RMB7.52 billion, representing a year-over-year growth of 57.7% to 62.0%.
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