Stock Market - Value In YY After Earnings Report

YY is a if not the leading online streaming company in China. Yesterday their stock dipped almost 14%. Which is surprising because their first quarter earnings came out and despite what the stock drop tells you, the report was positive.

YY reported first-quarter revenue of $518 million, up 43.3% year over year. The number of mobile live-streaming monthly active users jumped 23.9% year over year, to 77.6 million, while the number of live-streaming paying users rose 17.3%, to 6.9 million. Live-streaming accounted for the bulk of the company's revenue, with memberships, online games, and advertising now lumped into the "other revenues" category.

Personally I like the risk I’m about to take this morning when I buy in to YY. I think short term we will see an increase within the day.

Love to hear what you guys think and if you are following anything interesting