JOYY Inc. (NASDAQ:YY) Q4 2023 Earnings Call Transcript

We will continue to prioritize our resources investment into regions with a stronger growth potential dependent on ROI and also market recovery. Thank you. Next question, final question please.

Operator: Your next question comes from Henry Sun from JP Morgan.

Henry Sun: Thanks, management, for taking our questions. My question is about shareholder return. Could you share any new thoughts and outlook in this area? Thanks a lot.

Alex Liu : This is Alex, I will answer your question. In the year ‘23, we remain very active in returning value to our shareholders for the full year. We have dedicated around $355 million US dollar in shareholder return, which is equivalent to around 121.5% of the group’s annual non-GAAP net profit. And for the year ‘24, we would say that creating and returning value to our shareholders remains an important priority for management. As of the end of ‘23, you still have around $530 million unutilized quota under our share repurchase program. And actually, from January to March 15, we have already repurchased an additional 25 million of our shares. And for the year ‘24, we expect to continue to execute additional share buybacks and strive to improve our execution consistency in the new year. So that was the end of this conference call. Thank you so much for joining today and we expect speaking with everyone next quarter. Thank you.

Operator: Thank you. That does conclude our conference for today. Thanks for participating. You may now disconnect.