JOYY Inc. has released its financial results, highlighting a focus on the BIGO segment, which includes platforms like Bigo Live, Likee, and imo. The company reported a variation in net income from continuing operations attributable to controlling interest, which excludes several non-GAAP adjustments such as share-based compensation expenses and impairment of goodwill. These adjustments amounted to $17.8 million in the first quarter of 2025, compared to $21.9 million in the same period in 2024. JOYY uses these non-GAAP financial measures to provide more clarity on the company's financial performance. The press release emphasizes the importance of understanding these measures in evaluating JOYY's ongoing financial health. However, the release did not provide specific revenue figures or detailed future guidance, focusing instead on the non-GAAP reconciling items and their impact on the company's financial outcomes.
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