India, May 26 -- JOYY Inc. (JOYY), a Singapore -based technology company, late Monday reported sharply lower profit for the first quarter of 2026, due to the absence of a hefty gain on the disposal of YY Live in the previous year. on a continuing operations basis, the company recorded higher net income with growth in revenues.
In addition, the company issued second-quarter revenue outlook, and announced a share repurchasing program of up to $600 million, as well as a quarterly dividend program.
In pre-market activity on the Nasdaq, the shares were gaining around 12.1 percent, trading at $61.00, after closing Friday's regular trading 2.9 percent lower.
In the first quarter, net income attributable to attributable to shareholders went down...