Company research
JOYY Inc.
CIK 1530238Updated Sep 25, 2026
SecurityJOYY · NASDAQ · adr
Name history
YY Inc. · through Dec 20, 2019
JOYY price & chart
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JOYY Reports Second Quarter 2025 Financial Results: Ad Tech Business Gained Momentum, with Non-livestreaming Revenue Growing 25.6% YoY USA - English APAC - Traditional Chinese APAC - English News provided by JOYY Inc. Aug 26, 2025, 23:10 ET Share this article Share to X Share this article Share to X ↗
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Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 7,552,488,000Source | 7,527,797,000Source | 8,483,865,000Source | 9,071,653,000Source |
| Property, Plant and Equipment, NetUSD | 565,124,000Source | 499,723,000Source | 390,681,000Source | 343,201,000Source |
| GoodwillUSD | 2,194,358,000Source | 2,194,324,000Source | 2,649,281,000Source | 2,649,307,000Source |
| Intangible Assets, Net (Excluding Goodwill)USD | 221,963,000Source | 277,257,000Source | 333,715,000Source | 398,300,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 374,248,000Source | 444,761,000Source | 1,063,956,000Source | 1,214,449,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 154,439,000Source | 121,861,000Source | 130,700,000Source | 117,927,000Source |
| Assets, CurrentUSD | 1,619,371,000Source | 2,556,281,000Source | 4,072,640,000Source | 4,644,649,000Source |
| Prepaid Expense and Other Assets, CurrentUSD | 255,566,000Source | 247,538,000Source | 255,489,000Source | 236,183,000Source |
| Operating Lease, Right-of-Use AssetUSD | 21,241,000Source | 20,457,000Source | 30,173,000Source | 33,196,000Source |
| Other Assets, NoncurrentUSD | 8,071,000Source | 19,084,000Source | 16,763,000Source | 12,591,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 950,458,000Source | 2,744,306,000Source | 3,171,716,000Source | 3,568,921,000Source |
| Stockholders’ equity: | ||||
| Retained Earnings (Accumulated Deficit)USD | 4,699,089,000Source | 2,796,745,000Source | 2,947,160,000Source | 2,685,063,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -208,093,000Source | -247,615,000Source | -197,010,000Source | -162,235,000Source |
| Stockholders' Equity Attributable to ParentUSD | 6,541,847,000Source | 4,711,990,000Source | 5,156,686,000Source | 5,178,217,000Source |
| Additional Paid in Capital, Common StockUSD | 3,315,070,000Source | 3,345,536,000Source | 3,282,754,000Source | 3,277,978,000Source |
| Liabilities and EquityUSD | 7,552,488,000Source | 7,527,797,000Source | 8,483,865,000Source | 9,071,653,000Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 873,966,000Source | 2,674,092,000Source | 3,086,407,000Source | 3,071,684,000Source |
| Operating Lease, Liability, CurrentUSD | 8,939,000Source | 10,775,000Source | 12,388,000Source | 12,451,000Source |
| Accounts Payable, CurrentUSD | 71,551,000Source | 84,015,000Source | 66,755,000Source | 56,000,000Source |
| Operating Lease, Liability, NoncurrentUSD | 12,029,000Source | 9,948,000Source | 18,422,000Source | 21,601,000Source |
| Other Liabilities, NoncurrentUSD | — | — | — | 436,000Source |
| Stockholders' Equity Attributable to Noncontrolling InterestUSD | 34,850,000Source | 47,768,000Source | 133,330,000Source | 233,149,000Source |
| Additional Financial Items | ||||
| AOCI, Debt Securities, Available-for-sale, Adjustment, after TaxUSD | — | 20,000Source | — | — |
| Deferred Tax Liabilities, NetUSD | 67,805,000Source | 59,318,000Source | 62,901,000Source | 64,262,000Source |
| Dividends Payable, CurrentUSD | 26,815,000Source | — | — | — |
| Dividends PayableUSD | — | 0Source | 0Source | — |
| Restricted Cash and Investments, CurrentUSD | 7,182,000Source | 20,722,000Source | 57,243,000Source | 47,741,000Source |
| Short-term InvestmentsUSD | 613,702,000Source | 288,589,000Source | 274,846,000Source | 362,640,000Source |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | 2,087,222,000Source | -242,638,000Source | 272,418,000Source | 101,568,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Share-based Payment Arrangement, Noncash ExpenseUSD | 25,800,000Source | 23,200,000Source | 31,979,000Source | 44,096,000Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | 45,008,000Source | 13,651,000Source | 32,422,000Source | 20,201,000Source |
| Deferred Income Tax Expense (Benefit)USD | 362,000Source | -7,982,000Source | -11,808,000Source | -1,935,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 302,325,000Source | 308,657,000Source | 295,579,000Source | 316,494,000Source |
| Cash flows from investing activities: | ||||
| Payments to Acquire Businesses, Net of Cash AcquiredUSD | — | 0Source | 0Source | -27,926,000Source |
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -456,097,000Source | -210,249,000Source | 420,373,000Source | -510,284,000Source |
| Payments for (Proceeds from) Other Investing ActivitiesUSD | -8,796,000Source | 6,884,000Source | -576,000Source | 9,608,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 143,111,000Source | 83,722,000Source | 81,567,000Source | 69,022,000Source |
| Cash flows from financing activities: | ||||
| Payments for Repurchase of Common StockUSD | 132,779,000Source | 259,428,000Source | 273,896,000Source | 138,079,000Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | -288,315,000Source | -707,831,000Source | -841,745,000Source | -321,909,000Source |
| Dividends paid | — | — | — | — |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | — | — | 1,440,449,000Source | 1,565,560,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 516,000Source | 3,016,000Source | 7,829,000Source | 8,706,000Source |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 1,113,000Source | 5,789,000Source | 682,000Source | -53,233,000Source |
| Additional Financial Items | ||||
| Share-based Payment Arrangement, ExpenseUSD | 2,878,000Source | 7,873,000Source | 10,164,000Source | 9,009,000Source |
| Amortization of Intangible AssetsUSD | 64,044,000Source | 65,517,000Source | 73,383,000Source | 65,204,000Source |
| Deconsolidation, Gain (Loss), AmountUSD | 0Source | 1,643,000Source | -6,177,000Source | 0Source |
| DepreciationUSD | 29,088,000Source | 25,388,000Source | 46,576,000Source | 83,396,000Source |
| Derivative, Gain (Loss) on Derivative, NetUSD | — | 0Source | 0Source | 63,378,000Source |
| Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of TaxUSD | 1,875,921,000Source | — | — | — |
| Dividends Payable, CurrentUSD | 26,815,000Source | — | — | — |
| Dividends PayableUSD | — | 0Source | 0Source | — |
| Equity Securities, FV-NI, Gain (Loss)USD | -278,000Source | -587,000Source | 11,179,000Source | 17,089,000Source |
| Equity Securities, FV-NI, Realized Gain (Loss)USD | 0Source | 0Source | 0Source | 4,121,000Source |
| Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual AmountUSD | 15,000,000Source | 9,386,000Source | 0Source | — |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | -14,111,000Source | 764,000Source | -2,906,000Source | 11,666,000Source |
| Foreign Currency Transaction Gain (Loss), UnrealizedUSD | -14,111,000Source | 764,000Source | -2,906,000Source | 11,666,000Source |
| Gain (Loss) on Disposition of AssetsUSD | -1,171,000Source | 141,000Source | 274,000Source | 4,118,000Source |
| Gain (Loss) on Extinguishment of DebtUSD | — | 0Source | 0Source | 63,378,000Source |
| General and Administrative ExpenseUSD | 164,529,000Source | 152,517,000Source | 122,661,000Source | 141,826,000Source |
| GoodwillUSD | 2,194,358,000Source | 2,194,324,000Source | 2,649,281,000Source | 2,649,307,000Source |
| Goodwill, Impairment LossUSD | 0Source | 454,935,000Source | 0Source | 14,830,000Source |
| Impairment of Intangible Assets (Excluding Goodwill)USD | — | — | 0Source | 1,356,000Source |
| Impairment of Intangible Assets, Finite-livedUSD | 8,580,000Source | 0Source | 0Source | 1,356,000Source |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to ParentUSD | 222,514,000Source | — | 301,816,000Source | 128,891,000Source |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | 211,301,000Source | -242,638,000Source | 272,418,000Source | 101,568,000Source |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | — | — | 0Source | 0Source |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to ParentUSD | 1,875,921,000Source | — | 0Source | 0Source |
| Income (Loss) from Equity Method InvestmentsUSD | 11,610,000Source | -1,637,000Source | 3,297,000Source | -498,431,000Source |
| Income Tax Expense (Benefit)USD | 16,429,000Source | 13,485,000Source | 18,856,000Source | 34,575,000Source |
| InterestExpenseNonoperatingUSD | 516,000Source | 4,847,000Source | — | — |
| Net Income (Loss) Attributable to ParentUSD | 2,098,435,000Source | -146,236,000Source | 301,816,000Source | 128,891,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | 2,097,048,000Source | -147,624,000Source | 347,351,000Source | 119,465,000Source |
| Operating ExpensesUSD | 709,132,000Source | 1,219,526,000Source | 787,741,000Source | 818,898,000Source |
| Other Operating Income (Expense), NetUSD | 2,320,000Source | 6,055,000Source | 9,705,000Source | 17,505,000Source |
| Proceeds from Contributions from AffiliatesUSD | — | — | — | 0Source |
| Proceeds from Noncontrolling InterestsUSD | — | 0Source | 0Source | 17,045,000Source |
| Proceeds from Stock Options ExercisedUSD | 87,000Source | 113,000Source | 180,000Source | — |
| Restricted Cash and Investments, CurrentUSD | 7,182,000Source | 20,722,000Source | 57,243,000Source | 47,741,000Source |
| Revenue from Contract with Customer, Including Assessed TaxUSD | 2,124,248,000Source | 2,237,788,000Source | 2,267,870,000Source | 2,411,516,000Source |
| Unrealized Gain (Loss) on InvestmentsUSD | -278,000Source | -587,000Source | 11,179,000Source | 12,968,000Source |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cost of Goods and Services Sold | — | — | — | — |
| Operating Income (Loss)USD | 55,820,000Source | -405,625,000Source | 28,815,000Source | 50,735,000Source |
| Income Tax Expense (Benefit)USD | 16,429,000Source | 13,485,000Source | 18,856,000Source | 34,575,000Source |
| Net Income (Loss) Attributable to ParentUSD | 2,098,435,000Source | -146,236,000Source | 301,816,000Source | 128,891,000Source |
| Earnings Per Share, BasicUSD per share | 1.99Source | -0.13Source | 0.27Source | 0.08Source |
| Earnings Per Share, DilutedUSD per share | 1.97Source | -0.13Source | 0.24Source | 0.08Source |
| Total Revenue | — | — | — | — |
| Weighted Average Number of Shares Outstanding, Basicshares | 1,052,099,864Source | 1,157,854,559Source | 1,308,695,642Source | 1,439,390,191Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 1,065,247,496Source | 1,157,854,559Source | 1,462,976,544Source | 1,645,448,440Source |
| Interest Expense (non-operating)USD | 516,000Source | 4,847,000Source | — | — |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 64,044,000Source | 65,517,000Source | 73,383,000Source | 65,204,000Source |
| Current Income Tax Expense (Benefit)USD | 16,067,000Source | 21,467,000Source | 30,664,000Source | 36,510,000Source |
| Equity Securities, FV-NI, Realized Gain (Loss)USD | 0Source | 0Source | 0Source | 4,121,000Source |
| Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual AmountUSD | 15,000,000Source | 9,386,000Source | 0Source | — |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | -14,111,000Source | 764,000Source | -2,906,000Source | 11,666,000Source |
| General and Administrative ExpenseUSD | 164,529,000Source | 152,517,000Source | 122,661,000Source | 141,826,000Source |
| Goodwill, Impairment LossUSD | 0Source | 454,935,000Source | 0Source | 14,830,000Source |
| Gross ProfitUSD | 762,632,000Source | 806,203,000Source | 813,028,000Source | 852,128,000Source |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to ParentUSD | 222,514,000Source | — | 301,816,000Source | 128,891,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, DomesticUSD | 202,988,000Source | — | — | — |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | 211,301,000Source | -242,638,000Source | 272,418,000Source | 101,568,000Source |
| Income (Loss) from Continuing Operations, Per Basic ShareUSD per share | 0.21Source | — | 0.27Source | 0.08Source |
| Income (Loss) from Continuing Operations, Per Diluted ShareUSD per share | 0.21Source | — | 0.24Source | 0.08Source |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | — | — | 0Source | 0Source |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to ParentUSD | 1,875,921,000Source | — | 0Source | 0Source |
| Income (Loss) from Equity Method InvestmentsUSD | 11,610,000Source | -1,637,000Source | 3,297,000Source | -498,431,000Source |
| Interest and Other IncomeUSD | 162,607,000Source | 175,556,000Source | 185,212,000Source | 93,148,000Source |
| Interest ExpenseUSD | — | — | 10,420,000Source | 12,770,000Source |
| Investment Income, NetUSD | — | 0Source | 0Source | -1,360,000Source |
| Marketing and Advertising ExpenseUSD | 207,458,000Source | 240,315,000Source | 270,439,000Source | 321,424,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | 2,097,048,000Source | -147,624,000Source | 347,351,000Source | 119,465,000Source |
| Net Income (Loss) from Continuing Operations Available to Common Shareholders, BasicUSD | 221,127,000Source | — | 347,351,000Source | 119,465,000Source |
| Operating ExpensesUSD | 709,132,000Source | 1,219,526,000Source | 787,741,000Source | 818,898,000Source |
| Other Operating Income (Expense), NetUSD | 2,320,000Source | 6,055,000Source | 9,705,000Source | 17,505,000Source |
| Preferred Stock Dividends, Income Statement ImpactUSD | 0Source | 0Source | 2,000,000Source | 4,000,000Source |
| Research and Development ExpenseUSD | 247,133,000Source | 278,740,000Source | 295,503,000Source | 261,807,000Source |
| Revenue from Contract with Customer, Including Assessed TaxUSD | 2,124,248,000Source | 2,237,788,000Source | 2,267,870,000Source | 2,411,516,000Source |
| Selling and Marketing ExpenseUSD | 297,470,000Source | 333,334,000Source | 369,577,000Source | 400,435,000Source |