JOYY Inc. (NASDAQ:YY) Q3 2020 Earnings Conference Call November 16, 2020 9:00 PM ET Company Participants Jane Xie – Senior Manager-Investor Relations David Xueling Li – Chairman and Chief Executive Officer Bing Jin – Chief Financial Officer Conference Call Participants Jialong Shi – Nomura Alex Poon – Morgan Stanley Yiwen Zhang – Citi Daniel Chen – JPMorgan Lei Zhang – BofA Tian Hou – TH Capital Operator Ladies and gentlemen, thank you for standing by, and welcome to the JOYY Inc.’s Third Quarter 2020 Earni ...

Company Overview - Joyy operates a dual-engine growth strategy combining short-form video with live streaming to fulfill strong social demand from global users[5] - The company's portfolio includes Bigo Live, Likee, HAGO, and YY Live[17] - Bigo Live has exciting social features and prevalent user participation, with 14% of users hosting live streaming sessions every single day in 2Q20[25] - Likee is an interactive community empowered by advanced algorithms and driven by enriched UGC[30] - HAGO is a leading casual-game-oriented social platform in SEA, SA, LA and beyond, expecting breakeven in key markets in 2020[35] - YY Live is a leader in the Chinese live streaming industry, cultivating an immersive and sticky community[37] Technology and AI - The company is enhancing AI capabilities on all fronts, including content creation & understanding, content recommendation, automated product testing, and AI-driven tech team management[42, 43, 44] - The company has 457 million MAUs with high engagement[46] Financial Performance - Bigo segment contributed significantly greater portions of net revenues in 2Q20[58] - The company has strong cash generating capabilities, with total cash of RMB 193604 million as of June 30, 2020[67]

JOYY Inc. (NASDAQ:YY) Q2 2020 Earnings Conference Call August 12, 2020 9:00 PM ET Company Participants Matthew Zhao - General Manager of Investor Relations David Xueling Li - Chairman and Chief Executive Officer Bing Jin - Chief Financial Officer Conference Call Participants Thomas Chong - Jefferies Yiwen Zhang - Citigroup Daniel Chen - JPMorgan Alex Poon - Morgan Stanley Lei Zhang - Bank of America Merrill Lynch Alex Liu - China Renaissance Operator Ladies and gentlemen, thank you for standing by, and welc ...

JOYY Inc. (NASDAQ:YY) Q1 2020 Earnings Conference Call May 20, 2020 9:00 PM ET Company Representatives David Xueling Li - Chairman, Chief Executive Officer Bing Jin - Chief Financial Officer Ting Li - Chief Operating Officer Matthew Zhao - General Manager of Investor Relations Conference Call Participants Thomas Chong - Jefferies Lei Zhang - Bank of America Natalie Wu - CICC Tian Hou - T.H. Capital Daniel Chen - JPMorgan Operator Ladies and gentlemen, thank you for standing by and welcome to JOYY Inc.'s Fir ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(B) OR 12(G) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2019. OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITI ...

JOYY, Inc. (NASDAQ:YY) Q4 2019 Earnings Conference Call March 16, 2020 9:00 PM ET Corporate Participants Matthew Zhao - Director, Investor Relations David Xueling Li - Chairman and Chief Executive Officer Bing Jin - Chief Financial Officer Conference Call participants Thomas Chong - Jefferies Lei Zhang - Bank of America Securities Brian Gong - Citigroup Daniel Chen - JPMorgan Lee Joon - Goldman Sachs Yu Zhiqiang - CICC Operator Ladies and gentlemen, thank you for standing by and welcome to JOYY Inc.'s Fourt ...

YY Inc. (NASDAQ:YY) Q3 2019 Earnings Conference Call November 12, 2019 9:00 PM ET Company Participants Matthew Zhao - Investor Relations, Director David Xueling Li - Chairman & Chief Executive Officer Bing Jin - Chief Financial Officer Ting Li - Chief Operating Officer Conference Call Participants Thomas Chong - Jefferies Daniel Chen - JPMorgan Natalie Wu - CICC Lei Zhang - Bank of America Alex Liu - China Renaissance Jialong Shi - Nomura Operator Ladies and gentlemen, thank you for standing by and welcome ...

YY Inc. (NASDAQ:YY) Q2 2019 Earnings Conference Call August 13, 2019 9:00 PM ET Company Participants Matthew Zhao - Investor Relations, Director David Xueling Li - Chairman and Chief Executive Officer Bing Jin - Chief Financial Officer Ting Li - Chief Operating Officer Conference Call Participants Thomas Chong - Jefferies Daniel Chen - JPMorgan Natalie Wu - CICC Jialong Shi - Nomura Operator Ladies and gentlemen, thank you for standing by and welcome to YY Inc. Second Quarter 2019 Earnings Conference Call. ...

Financial Data and Key Metrics Changes - Total revenues increased by 47.1% year-on-year to RMB4.78 billion in Q1 2019 [5][17] - Live streaming revenues grew by 47.9% year-over-year to RMB4.49 billion, accounting for 93.8% of total net revenues [17] - GAAP net income attributable to controlling interest was RMB3.1 billion, compared to RMB963.5 million in the prior period, mainly due to a measurement gain from Bigo [21] - Non-GAAP net income attributable to controlling interest was RMB653.5 million, down from RMB713 million in the prior period [21] Business Line Data and Key Metrics Changes - Revenue from game live streaming subsidiary Huya increased by 93.4% year-over-year to RMB1.63 billion [6] - Mobile contributed 69.6% of live streaming revenues, with mobile live streaming MAUs increasing by 65.6% to 59.8 million [17] - Live streaming paying users of YY increased by 17.1% to 4.1 million in Q1 2019 [17] Market Data and Key Metrics Changes - Over 400 million average mobile MAUs in Q1 2019, with more than 75% from outside China [5] - IMO, a global video communication application, had 211.8 million MAUs, with video communication services used over 55 million times per day [7][21] - Bigo's short form video and live streaming services saw average MAUs increase by 160.6% year-over-year to 78.7 million [9] Company Strategy and Development Direction - The company aims to strengthen its global presence and enhance its AI technology capabilities [5][16] - Plans to develop IMO into a super app by embedding diverse content functions and services [8] - Focus on expanding the user base and improving monetization strategies across different platforms [33][54] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving strong growth due to the successful integration of Bigo and ongoing globalization efforts [5][16] - The company anticipates net revenues for Q2 2019 to be between RMB6 billion and RMB6.2 billion, representing a year-over-year increase of 59% to 64.3% [22] - Management highlighted the importance of AI technology in enhancing user experience and content management [25][26] Other Important Information - Gross profit increased by 31.4% year-over-year to RMB1.62 billion, with a gross margin of 33.9% [18] - Operating expenses rose significantly due to increased sales and marketing efforts and R&D investments [19][20] Q&A Session Summary Question: How will the company utilize its global user data for products in the next few years? - Management emphasized the application of AI technology in content management and user experience enhancement [24][25][26] Question: Can management provide a breakdown of the second quarter guidance and Bigo's operating metrics? - Management indicated that the guidance includes contributions from YY, Huya, and Bigo, with Bigo's ARPU being high in the Middle East but lower in other emerging markets [29][30][31] Question: What is the full-year outlook for YY Life and Hago's monetization progress? - Management noted that YY Life's revenue grew over 10% in Q1 and expects similar patterns to continue throughout the year [35][36] Question: What are the challenges faced in overseas markets and the strategy for IMO? - Management highlighted the importance of localized marketing strategies and the potential for IMO to evolve into a super app [45][46][48] Question: How does the company envision marketing efforts abroad and the margin outlook? - Management stated that performance-based advertising will be a key strategy, with expectations of better ROI in foreign markets [51][52][54]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F (Mark One) ¨ REGISTRATION STATEMENT PURSUANT TO SECTION 12(B) OR 12(G) OF THE SECURITIES EXCHANGE ACT OF 1934 OR x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2018. OR ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ¨ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF ...