JOYY Inc. expects Q1 net revenue to be between $538 million and $548 million, while the market estimates $537.2 million.

Last year's Q4 net revenue was $581.9 million, a year-on-year increase of 5.9%, with market expectations at $568 million. Last year's Q4 live streaming revenue was $394.4 million, a year-on-year decrease of 6.6%, with market expectations at $386 million. Last year's Q4 average monthly active mobile users reached 270 million, a year-on-year increase of 3.4%, with market expectations at 260 million. Last year's Q4 gross margin was 35.3%, compared to 37.1% in the same period last year, with market expectations at 34.4%. Last year's Q4 R&D expenditure was $61.5 million, a year-on-year decrease of 8.9%, with market expectations at $63.7 million. Last year's Q4 adjusted net income per ADS was $1.34, in line with market expectations of $1.34.