JOYY Inc: Getting Back On Track Although Pitfalls Remain

The Q1 FY2026 report came at a crucial time with the stock in need of assistance to fend off a breakdown further into bear market territory. JOYY managed to reverse a precarious situation with an acceleration in growth and increased capital returns to shareholders. JOYY has a lot going for it, but it is also not without blemishes, which includes more goodwill on the balance sheet some may be comfortable with.