YY Inc. (YY) Thursday reported fourth-quarter net income attributable to shareholders of 1.15 billion Chinese yuan or $184.1 million, compared to a loss of 19.9 million yuan last year.
On a per ADS basis, net income for the quarter was 0.63 yuan or $0.10, compared to loss of 0.74 yuan last year.
The increase in net income attributable to shareholders was primarily attributable to a decretion to the convertible redeemable preferred shares redemption value of 1.41 billion yuan or $226.2 million in the fourth quarter.
Net income for the quarter was 33.2 million yuan or $5.3 million, compared to $4.0 million last year.
Adjusted net income attributable to shareholders was 1.17 billion yuan or $187.4 million, compared to $5.6 million yuan last year.
Net revenues more than doubled to 136.3 percent to 266.8 million yuan or $42.8 million from 112.9 million yuan last year, driven mainly by a 169.1 percent increase in revenues from internet value-added services or IVAS revenues.
For the first quarter, the company expects revenues of 280 million to 290 million yuan.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.