New role strengthens YY Group's regional leadership and supports accelerated growth SINGAPORE, Dec. 15, 2025 /PRNewswire/ -- YY Group Holding Limited (NASDAQ: YYGH) ("YY Group" or the "Company"), a global leader in on-demand workforce solutions and integrated facilities management (IFM), today announced the promotion of Mr. Ken Teng, the Company's Country Director for Malaysia, to Director of Southeast Asia, effective immediately. In his new role, Mr. Teng will oversee YY Group's regional operations and dr ...

2025年12月初，业内传出YY直播新一轮裁员消息。据雷峰网报道，此次调整涉及多个基础职能部门，部分团队裁员比例高达三分之一，且以司龄较长的 老员工为主。值得注意的是，赔偿方案为"N+2"，优于行业普遍的"N+1"标准。 YY直播被曝再迎组织震荡，基础部门裁员1/3背后折射出被收购后非核心业务收缩 有关人士指出，裁员背后或与业务协同不及预期及营收压力有关。尽管YY直播仍具备稳定的公会生态和主播资源，但在百度"All in AI"的战略主线下，娱 乐直播业务逐渐边缘化。 YY直播客服人员对新识研究所表示，没有接到相关通知。 此外，直播行业整体进入存量竞争阶段，用户时长持续被短视频、短剧等内容形态分流，平台盈利空间收窄。 这并非YY首次经历组织震荡，早在2024年底，其就因裁员补偿问题引发争议，如今再度"动刀"，折射出百度对非核心资产的收缩倾向。 2025年2月，百度以21亿美元正式完成对YY直播中国内地业务的收购，并于同年9月将其全面纳入百度职级体系，千余名原YY员工转为百度编制，然而， 整合仅数月，YY直播便启动大规模人员调整，引发外界对其战略定位的争议。 有业内人士认为，未来YY直播或将进一步向轻量化、垂类 ...

花旗在最新研报中指出，三季度广告业务表现尤为突出，在流量扩张、垂类拓展及新市场开拓带动下， 管理层对广告科技（adtech）及SaaS业务的持续双位数增长前景保持高度信心。花旗预计，广告收入将 在第四季度同比大幅加速，并有望将这一增长势头延续至2026年。得益于广告业务动能强化与收入结构 改善，花旗将欢聚2025–2027年收入预测上调2%/4%/6%。里昂指出，欢聚的广告业务正在开启估值想 象空间，预测该业务将在2026财年实现超过30%的同比增长。华泰证券则认为，广告开启了公司的第二 增长曲线，并仍处于扩张阶段，预计将拉动整体收入增速。花旗更明确强调"是时候给强劲的广告业务 估值了"，多家机构集体大幅调高欢聚目标价，并予以"买入"评级。 智通财经APP获悉，在公布2025年第三季度业绩后，欢聚集团(JOYY.US)再次吸引了资本市场的目光。 公司强劲的广告业务增长成为市场关注的核心，推动多家国际投行纷纷上调了欢聚的目标价，并普遍看 好公司未来几年的增长潜力。华泰证券、里昂、花旗等机构近日发布研报，为欢聚的广告业务给予单独 估值，并显著上调目标价：华泰将目标价从71.9美元上调至84.2美元；里昂从58美元 ...

Accessibility StatementSkip Navigation New Partnership Broadens Client Base and Enhances Business Quality with Stable, Long-Term Revenue SINGAPORE, Dec. 1, 2025 /PRNewswire/ -- YY Group Holding Limited (NASDAQ: YYGH) ("YY Group" or the "Company"), a global leader in on-demand workforce solutions and integrated facilities management (IFM), today announced that it has signed a three-year facility maintenance services contract with a major international bank in Singapore. This multi-year agreement with a globa ...

Core Insights - YY Group Holding Limited has announced a partnership with JW Marriott to provide staffing services across its properties in Thailand, enhancing its presence in the premium hospitality segment [1][4] - The collaboration is expected to accelerate YY Circle Thailand's growth trajectory in Southeast Asia and contribute to its revenue pipeline for 2025 and beyond [3][4] Company Developments - YY Circle Thailand has built a portfolio of internationally recognized hotel clients, including Central Group, CP All, Shangri-La, Banyan Tree, Hyatt, and Sheraton, with JW Marriott being the latest addition [2] - The partnership will involve supplying casual staffing solutions tailored to JW Marriott's operational needs, covering various functions such as guest services, food & beverage, housekeeping, events, and back-of-house operations [3] Strategic Goals - The partnership aligns with YY Group's strategy to expand its workforce solutions business across high-demand service sectors, particularly in the hospitality industry [4] - With rising tourism and evolving guest expectations, YY Group is positioned to benefit from increasing demand for flexible and reliable staffing solutions in Thailand [4]

Core Insights - JOYY's stock surged nearly 12% to $67.08 following the announcement of its Q3 2025 earnings, which totaled $540 million, slightly above analyst expectations of $532.3 million, reflecting a quarter-over-quarter growth of 6.4% [1] Financial Performance - The live streaming business generated $388 million in revenue, marking a quarter-over-quarter increase of 3.5%, achieving consecutive growth for two quarters [1] - BIGO Ads, the advertising technology platform, saw accelerated revenue growth, reaching $104 million, which represents a year-over-year increase of 33.1% and a quarter-over-quarter increase of 19.7% [1] - Under non-GAAP measures, JOYY reported an operating profit of $41 million for Q3, reflecting a year-over-year increase of 16.6% and a quarter-over-quarter increase of 6.1% [1] - EBITDA for the third quarter was $51 million, showing a year-over-year growth of 16.8% and a quarter-over-quarter growth of 4.9% [1] - The company generated operating cash flow of $73 million in Q3, and as of September 30, it held net cash of $3.32 billion [1]

Core Viewpoint - JOYY Inc. (欢聚) experienced a nearly 12% increase in stock price, reaching $67.08, following the announcement of its Q3 2025 earnings report, which showed strong revenue growth and profitability metrics [1] Financial Performance - Total revenue for Q3 2025 was $540 million, slightly below analyst expectations of $532.3 million, with a quarter-over-quarter growth of 6.4% [1] - Live streaming revenue amounted to $388 million, reflecting a quarter-over-quarter increase of 3.5%, marking the second consecutive quarter of growth [1] - Revenue from the advertising technology platform, BIGO Ads, accelerated to $104 million, showing a year-over-year growth of 33.1% and a quarter-over-quarter growth of 19.7% [1] Profitability Metrics - Under non-GAAP measures, operating profit for Q3 reached $41 million, representing a year-over-year increase of 16.6% and a quarter-over-quarter increase of 6.1% [1] - EBITDA for the quarter was $51 million, with a year-over-year growth of 16.8% and a quarter-over-quarter growth of 4.9% [1] - The company reported operating cash flow of $73 million for the third quarter, and as of September 30, net cash stood at $3.32 billion [1]

Core Insights - JOYY Inc. reported strong Q3 2025 performance with total revenue of $540 million, a 6.4% increase quarter-over-quarter [1] - The live streaming business generated $388 million, reflecting a 3.5% quarter-over-quarter growth, marking two consecutive quarters of growth [1] - BIGO Ads, the company's advertising technology platform, achieved $104 million in revenue, a 33.1% year-over-year increase and a 19.7% quarter-over-quarter increase [1] Financial Performance - Operating profit for Q3 reached $41 million, a 16.6% year-over-year increase and a 6.1% quarter-over-quarter increase [1] - EBITDA for the quarter was $51 million, showing a 16.8% year-over-year growth and a 4.9% quarter-over-quarter growth [1] - Operating cash flow for Q3 was $73 million, with net cash standing at $3.32 billion as of September 30 [1] Shareholder Returns - From January 1 to November 14, 2025, the company repurchased and distributed approximately $237 million to shareholders [2] - Management expressed high certainty regarding the company's growth in 2026 and plans to continue share buybacks to reward shareholders [2] - The market has increased confidence in JOYY's prospects for 2026, positioning it as a "low-risk + high-potential" value stock [2]

Core Insights - YY Group Holding Limited has formalized a partnership with KEENON Robotics to deploy service robots in Southeast Asia's hospitality industry, aiming to enhance workforce efficiency and operational margins [1][3][5] Partnership Details - The partnership focuses on addressing manpower shortages and improving operational efficiency through AI-embodied robots, which will support various hotel operations while maintaining the human element of hospitality [3][4] - KEENON will provide robots designed for tasks such as banquet support and cleaning, enhancing reliability and consistency in service delivery [3][4] Strategic Goals - YY Group aims to leverage this partnership to create scalable growth opportunities and improve unit economics for clients by integrating robotics into their service models [5] - Pilot deployments are already in progress with select clients, setting the stage for broader expansion beyond Southeast Asia [5] Company Overview - YY Group is a technology-enabled platform providing flexible workforce solutions and integrated facility management services across Asia and beyond, operating in sectors like hospitality, logistics, retail, and healthcare [6][7] - The company utilizes proprietary digital platforms and IoT-driven systems to help clients manage fluctuating labor demands effectively [7] KEENON Robotics Overview - KEENON Robotics specializes in developing commercial service robots, utilizing advanced technologies such as AI and autonomous navigation, and has a global presence in over 60 countries [9][11] - The company focuses on enhancing operational efficiency and addressing workforce shortages across various industries, including hospitality and retail [11]

Core Insights - YY Group Holding Limited has launched the YY Circle Bursary Award to support higher education for Singaporean workers on its staffing platform, reflecting its commitment to corporate social responsibility and educational development [1][2]. Company Overview - YY Group is a technology-enabled platform based in Singapore, providing flexible workforce solutions and integrated facility management (IFM) services across Asia and beyond [3][4]. - The company operates in two main verticals: on-demand staffing and IFM, serving industries such as hospitality, logistics, retail, and healthcare [3][4]. Bursary Award Details - The YY Circle Bursary Award is aimed at full-time Singaporean students in polytechnics and universities, with awards based on Per Capita Income (PCI) eligibility to assist those in financial need [2]. - The award amount varies according to the applicant's level of study and PCI bracket, emphasizing the initiative's focus on supporting the next generation of leaders in Singapore [2].