Joyy Inc income statement JOYY

Annual Quarterly

In fiscal 2025, which ended Dec 31, 2025, Joyy Inc reported revenue of $2.1 billion, down 5.1% from the year before. Net income was $2.1 billion, a profit margin of 98.8%. Operating income came to $55.8 million, an operating margin of 2.6%. Diluted earnings per share were $1.97. Across the 10 fiscal years shown, revenue grew from $910.4 million in fiscal 2015 to $2.1 billion in fiscal 2025, about 9.9% a year.

USD in millions, except per-share amounts and margins. The percent under a figure is the change from the year before.

FY 2025
Dec 31, 2025
FY 2024
Dec 31, 2024
FY 2023
Dec 31, 2023
FY 2022
Dec 31, 2022
FY 2021
Dec 31, 2021
FY 2020
Dec 31, 2020
FY 2019
Dec 31, 2019
FY 2017
Dec 31, 2017
FY 2016
Dec 31, 2016
FY 2015
Dec 31, 2015
Revenue
2,124
-5.1%
2,238
-1.3%
2,268
-6.0%
2,412
-7.9%
2,619
+36.5%
1,918
+113.0%
901
+599.0%
1,782
+50.8%
1,182
+29.8%
910
Cost of revenue
1,362
-4.9%
1,432
-1.6%
1,455
-6.7%
1,559
-12.5%
1,781
+29.2%
1,378
+109.8%
657
-54.9%
1,080
+46.9%
735
+33.0%
553
+85.4%
Gross profit
763
-5.4%
806
-0.8%
813
-4.6%
852
+1.7%
838
+55.2%
540
+121.5%
244
-70.8%
702
+57.2%
447
+24.8%
358
+21.4%
Research and development
247
-11.3%
279
-5.7%
296
+12.9%
262
-6.4%
280
-7.6%
303
+28.0%
237
+36.4%
120
+23.6%
97
+14.8%
85
+21.9%
Selling, general and administrative
462
-4.9%
486
-1.3%
492
-9.2%
542
-21.4%
690
+5.8%
652
+20.7%
540
+82.7%
190
+51.6%
125
+20.9%
104
+97.5%
Other operating income (expense)
2
-61.7%
6
-37.6%
10
-44.6%
18
-14.1%
20
+151.7%
8
+42.7%
6
—
—
—
Operating expenses
707
—
—
—
—
947
—
—
—
—
Operating income
56
+113.8%
-406
-1507.7%
29
-43.2%
51
+147.6%
-107
+73.8%
-407
+21.1%
-515
-234.2%
415
+62.6%
255
+42.2%
179
+3.2%
Pretax income
216
+195.0%
-228
-179.0%
288
-54.6%
635
+917.9%
-78
-668.1%
14
+114.4%
-95
-125.7%
444
+73.0%
257
+43.2%
179
-8.3%
Income tax
16
+21.8%
13
-28.5%
19
-45.5%
35
+34.3%
26
-7.5%
28
+238.4%
-20
-128.9%
64
+58.2%
40
+46.8%
28
+10.7%
Net income
2,098
+1535.0%
-146
-148.5%
302
+134.2%
129
+260.5%
-80
-105.8%
1,373
+169.3%
510
383
+74.6%
219
+37.6%
160
-7.0%
Net income to common
2,097
+1520.5%
-148
-142.5%
347
+190.8%
119
+233.4%
-90
-106.6%
1,363
+172.5%
500
+109.5%
—
—
—
Basic EPS
1.99
+1630.8%
-0.13
-148.1%
0.27
+237.5%
0.08
+233.3%
-0.06
-107.1%
0.85
+165.6%
0.32
+68.4%
0.32
+68.4%
0.19
+35.7%
0.14
-6.7%
Diluted EPS
1.97
+1615.4%
-0.13
-154.2%
0.24
+200.0%
0.08
+233.3%
-0.06
-107.1%
0.85
+165.6%
0.32
+77.8%
0.32
+68.4%
0.19
+46.2%
0.13
-7.1%
Weighted average shares, basic
1,052
-9.1%
1,158
-11.5%
1,309
-9.1%
1,439
-7.9%
1,562
-2.4%
1,600
+3.6%
1,544
+20.6%
1,186
+5.2%
1,127
+0.2%
1,125
-2.4%
Weighted average shares, diluted
1,065
-8.0%
1,158
-20.9%
1,463
-11.1%
1,645
+5.3%
1,562
-2.4%
1,600
+3.6%
1,544
+19.4%
1,217
+0.0%
1,216
+5.7%
1,151
-4.0%
Other measures
Depreciation and amortization
29
+14.6%
25
-45.5%
47
-44.2%
83
-23.3%
109
+40.3%
77
+93.6%
40
+82.2%
27
+8.6%
25
+32.7%
19
+71.9%
EBITDA
85
+122.3%
-380
-604.4%
75
-43.8%
134
+6596.5%
2
+100.6%
-329
+30.7%
-475
-217.1%
442
+57.8%
280
+41.3%
198
+7.2%
Interest coverage
108.18x
-83.69x
—
—
—
—
—
—
—
—
Margins
Gross margin
35.90%
36.03%
35.85%
35.34%
31.99%
28.15%
27.07%
39.40%
37.79%
39.30%
Operating margin
2.63%
-18.13%
1.27%
2.10%
-4.07%
-21.21%
-57.22%
23.28%
21.59%
19.70%
Pretax margin
10.17%
-10.17%
12.70%
26.31%
-2.96%
0.71%
-10.52%
24.94%
21.74%
19.71%
Profit margin
98.78%
-6.53%
13.31%
5.34%
-3.07%
71.57%
56.60%
21.50%
18.58%
17.52%
EBITDA margin
4.00%
-16.99%
3.32%
5.56%
0.08%
-17.17%
-52.77%
24.80%
23.71%
21.77%
Effective tax rate
7.60%
—
6.55%
5.45%
—
203.74%
—
14.38%
15.73%
15.34%
How these figures are calculated

Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions, except per-share amounts and margins. Weighted average shares are in millions. Interest expense and finance costs are positive costs. A negative amount on a gain (loss) or income (expense) line is a loss or an expense. EBITDA is operating income plus depreciation and amortization. Interest coverage is operating income divided by interest expense. More on our methodology.

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Company profile

Industry
Services-Computer Processing & Data Preparation (SIC 7374)
Listed as
JOYY (Nasdaq)
Headquarters
Mapletree Business City, Singapore
SEC filer status
Large accelerated filer
SEC CIK
1530238
Former names
YY Inc. (until Dec 20, 2019)

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Source: SEC EDGAR filings. This is company-reported data, not investment advice.