GUANGZHOU, China (AP) _ JOYY Inc. (YY) on Monday reported fourth-quarter earnings of $22.4 million.
On a per-share basis, the Guangzhou, China-based company said it had net income of 27 cents. Earnings, adjusted for amortization costs and non-recurring costs, were 96 cents per share.
The social media company posted revenue of $1.09 billion in the period.
For the year, the company reported profit of $494.9 million, or $6.18 per share. Revenue was reported as $3.67 billion.
For the current quarter ending in April, JOYY said it expects revenue in the range of $958.4 million to $972.6 million.
JOYY shares have declined 19% since the beginning of the year. In the final minutes of trading on Monday, shares hit $42.74, a decrease of 46% in the last 12 months.