JOYY: Q2 Earnings Snapshot

By The Associated Press
August 25, 2026 | 7:18 PM

SINGAPORE (AP) 鈥� SINGAPORE (AP) 鈥� JOYY Inc. (JOYY) on Tuesday reported earnings of $51.8 million in its second quarter.

On a per-share basis, the Singapore-based company said it had net income of $1.01. Earnings, adjusted for one-time gains and costs, came to $1.24 per share.

The social media company posted revenue of $590.8 million in the period.

For the current quarter ending in September, JOYY said it expects revenue in the range of $602 million to $622 million.

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Trump’s new economic squeeze on Iran has a big challenge: China

By The Associated Press
August 25, 2026 | 8:05 PM

WASHINGTON (AP) 鈥� The 鈥� economic onslaught 鈥� that Treasury Secretary Scott Bessent has declared on Iran's financial connections around the world may have one major caveat: China. Beijing is Iran's biggest trading partner and its leading oil buyer. While the U.S. is trying to isolate the Islamic Republic from its remaining economic partners, President Donald Trump also is preparing to host Chinese leader Xi Jinping next month to maintain a fragile trade truce. Absent from Bessent's remarks this week were specifics about how the Trump administration would target China, casting doubts on how effective the new campaign would be when the U.S. must balance putting maximum pressure on Iran and avoiding higher tensions with China that could be costly to the American economy. 鈥淭he announcement yesterday was very careful in my view to avoid specifics (against China), which could have led to a disruption in the summit,鈥� Edgard Kagan, senior adviser and Freeman Chair in China studies at the Center for Strategic and International Studies, said Tuesday. 鈥淔or Xi, a state visit to Washington is a big deal; and for Trump, hosting it is a big deal.鈥�

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