-=YY Inc. (YY) reported earnings on Tue 5 June 2018 (a/h)

YY Inc. operates a live streaming platform in China.
Sector: Technology
Industry: Internet Content & Information
Founded in 2005
HQ: Guangzhou, China
http://www.yy.com


YY beats by $0.18, beats on revs; sees Q2 revs +38-41.8% y/y  

• Reports Q1 (Mar) earnings of $1.72 per ADS, excluding items, $0.18 better than the Capital IQ Consensus of $1.54; revenues of $518 mln vs the $489.3 mln Capital IQ Consensus.
• Business Outlook: Expects Q2 net revenues of RMB3.6 billion and RMB3.7 billion, representing a year-over-year growth of 38.0% to 41.8%. In addition, the Company expects to have a fair value loss on derivative liabilities, which is related to preferred shares of HUYA Inc. (HUYA) amounting to ~RMB2.3 billion due to an increase in HUYA Inc.'s enterprise value as indicated by the price of its initial public offering, which will cause a negative net income attributable to YY Inc. in the second quarter of 2018.