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Posted by
Two Blokes Jul 28 -
Filed in
Stock
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JOYY is transitioning from legacy livestreaming to high-margin non-livestreaming and ads, driving profitability and shareholder returns through dividends and buybacks. Despite revenue declines, the company's strong cash reserves, resilient free cash flow, and improving margins support a stable outlook and potential upside. Valuation remains deeply discounted, offering an attractive entry point if the advertising pivot succeeds and margin expansion continues.
