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YY Stock Gains in After-Hours Trading on Q2 Earnings Beat

NEW YORK (TheStreet) -- Shares of YY (YY) were advancing in after-hours trading on Wednesday after the company reported better-than-expected earnings for the 2016 second quarter and announced management changes.

After today's closing bell, the Chinese video streaming company posted earnings of $1 per share, surpassing analysts' estimates of 71 cents per share.

Revenue jumped 45.9% year-over-year to $298 million.

During the period, monthly active users on the YY platform increased by more than 16% to 141.9 million users compared to last year.

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