On November 30, 2023 Beijing time, Huanju Group (NASDAQ code: YY) released its financial report for the third quarter of 2023. According to the financial report, Huanju Group's revenue in the third quarter was 567.1 million US dollars, an increase of 3.6% compared to the previous quarter; The revenue of the core business segment BIGO reached 494.1 million US dollars, a month on month increase of 4.9% and a year-on-year increase of 2.2%, and achieved a year-on-year positive growth in revenue for the first time in six quarters. In addition, under non US GAAP accounting standards, the company's net profit in the third quarter was $81.2 million, a year-on-year increase of 5.5%, and the net profit margin reached 14.3%; The operating profit of BIGO (a global real-time video social platform) was $81.9 million, a year-on-year increase of 11.7%, and the operating profit margin reached 16.6%. This quarter, Huanju Group achieved positive operating cash flow of $72.9 million.
In addition, the financial report also showed that in the third quarter, Huanju Group's global social entertainment MAU (monthly active users) increased by 2.6% year-on-year, reaching 276.8 million. Among them, Bigo Live MAU achieved double-digit growth for six consecutive quarters, with a year-on-year increase of 14% to 40.3 million in this quarter. The paid users in the BIGO sector maintained healthy growth, with a year-on-year increase of 6.6%, and ARPPU (average revenue per paid user) also saw a month on month increase.
Public information shows that as a leading global internet enterprise, Huanju Group has focused on content and social media in recent years, polishing its products. Driven by technology, product functions have been continuously iterated, user experience has been optimized, user stickiness has been enhanced, and community content has been further enriched.