YY's Hidden Asset: BIGO

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About: JOYY Inc. (YY), Includes: HUYA
by: Alex Haak
This article is exclusive for subscribers.
Alex Haak
Long/Short Equity, Growth At Reasonable Price, Tech, eCommerce
Summary

BIGO Live, BIGO's core live-streaming platform, has over 225 million users.

YY invested $272 million in BIGO’s series D.

YY has the option to increase its stake to a controlling stake.

All else equal, consolidating BIGO mid-2019 should lead to analysts having to adjust YY’s 2020 revenue forecasts by 21-38%.

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