JOYY vs Liftoff

JPMorgan Upgrades JOYY, Sees More Share Gains

JPMorgan upgraded Joyy Inc. (JOYY) to overweight from neutral and raised its price target to $98 from $35, citing the company’s shareholder-return plan and strong financial position. Analyst Daniel Chen noted JOYY’s sizable net cash (US$3.2 billion in Q1 2026, or ~84% of market cap), robust cash generation, and a May policy targeting a 15% annual shareholder return. JPMorgan also highlighted advertising growth opportunities across Joyy’s livestream and social platforms. LSEG data shows 12 of 14 covering analysts rate JOYY a buy or strong buy. The stock has risen about 46% over the past year and rose in premarket trading after the upgrade.

• JPMorgan upgraded Joyy Inc. (JOYY) to overweight from neutral.
• JPMorgan raised its price target on JOYY shares to $98 from $35.
• Joyy reported US$3.2 billion net cash in Q1 2026 (about 84% of market cap), per the JPMorgan note.

Liftoff Mobile releases Form 10-Q for Q2 2026

The Investor Relations page now includes a link to the Q2'26 Form 10-Q filing.

Liftoff reports $220M Q2 revenue post-IPO

Liftoff Mobile reported $220 million in second-quarter 2026 revenue in its first earnings release since going public in June. Revenue rose 35% year-over-year and 7% sequentially, marking the company's eleventh consecutive quarter of revenue growth. Core advertising revenue was $219 million, adjusted EBITDA was $132 million (60% margin), and GAAP net loss was $4 million after $45 million of non-cash IPO-related charges. Free cash flow for the quarter was $50 million and $184.5 million on a trailing 12-month basis. Liftoff used part of its $472.4 million IPO proceeds to pay down $418.4 million of debt, leaving long-term debt of $1.39 billion and cash of $305.4 million as of June 30. The company provided Q3 and full-year 2026 guidance and saw shares fall ~3.7% after hours.

• Liftoff Mobile reported $220M in second-quarter 2026 revenue, its first earnings release since going public in June.
• Revenue was up 35% year-on-year and 7% sequentially; this was Liftoff’s 11th consecutive quarter of revenue growth.
• Core advertising revenue was $219M (up 36% YoY); adjusted EBITDA was $132M, representing a 60% margin.

Liftoff Says It's More Than A Gaming Company

Liftoff, a mobile app marketing and performance platform, held its first earnings call as a public company where CEO Jeremy Bondy emphasized that the business is no longer primarily a gaming play. Bondy said more than half of Liftoff’s demand now comes from non-gaming advertisers (finance, travel, shopping, productivity, prediction apps) and cited a third-party in-app advertising market projection of $136 billion by 2030 from the company’s S-1. Liftoff reported Q2 revenue of $220 million, up 35% year-over-year and marking its eleventh consecutive quarter of revenue growth. Bondy highlighted Liftoff’s supply-side technology (SSP/SDK) and its AI-powered optimization platform, Cortex, as central to scaling non-gaming performance marketing. The stock dipped a little over 5% in after-hours trading following the results.

• Liftoff hosted its first-ever earnings call as a public company on August 12, 2026.
• Liftoff reported Q2 revenue of $220 million, up 35% year-over-year, its eleventh consecutive quarter of revenue growth.
• CEO Jeremy Bondy said over half of Liftoff’s demand now comes from non-gaming advertisers, including finance, travel, shopping and productivity apps.