laitimes

U.S. stock market movements | Reunion (YY. US) up nearly 9% pre-market, Q3 revenue up nearly 22% year-over-year

author:Zhitong Finance

Zhitong Finance APP learned that on November 18 (Thursday), before the US stock market, the gathering (YY. US) shares rose, up 8.67 percent at $59.01 as of 17:33 Beijing time. On the news side, Huanju's Q3 revenue was $650 million, compared with $534 million in the same period last year, an increase of 21.7% year-on-year; Net income was $4.125 million, compared to $332 million for the year-ago quarter. It is worth mentioning that after the divestiture of the YY Live business, the group achieved a net profit of US$35.14 million (under non-US GAAP) for the first time, significantly exceeding market expectations.