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Reports Q4 MAUs increased by 14.3% in Q4. David Xueling Li, chairman and CEO of Joyy, commented, "Despite the macro challenges, JOYY delivered solid financial performance and reported a second consecutive year of profits at the group level. We also achieved an acceleration in user growth for Bigo Live. Heading into 2023, we remain committed to enriching our users' lives and improving their online experiences through our diverse and innovative products and services. We will remain adaptive to the macro environment, and in the meantime, we will prioritize resources allocation to businesses that align with our long-term strategies. With our proven resilient business model and strong cash position, we believe we will be better positioned to capture long-term growth opportunities and generate sustainable shareholder value."

Reports Q4 revenue $604.9M, consensus $601.65M. David Xueling Li, Chairman and Chief Executive Officer of JOYY, commented, "2022 marked a year of uncertainty for global companies, as we continued to navigate a complex macro environment. Despite these short-term challenges, we have taken actions to remain focused on the cultivation of our user community, improve content quality, deepen user engagement on our products, and prioritize sustainable, high-quality growth. By concentrating on the factors that we can control, and backed by our strong execution capabilities, our efforts yielded meaningful results. Specifically, we continued our path to sustainable profitability at the group level for the second consecutive year. Bigo Live's MAUs grew by 14.3% year over year in the quarter, continuing the trajectory of accelerating growth. We also remained committed to returning value to shareholders in 2022, as we paid cash dividends in an aggregate amount of US$145.9 million in accordance with our quarterly dividend policy and repurchased a total of US$138.1 million of shares under the authorized share repurchase program."