JOYY on Nasdaq

JOYY

JOYY is a Chinese internet company based in Nancun Town, founded in 2005.1

Price unavailable

Last updated Oct 20, 2026.

Overview

$2.1BRevenue, fiscal 20254
$2.1BNet income, fiscal 20254
Apr 11, 2005Founded1

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  • TickerJOYY on Nasdaq1
  • IndustryInternet industry1
  • HeadquartersGuangzhou1
  • Websitejoyy.com
  • Legal formlimited liability company1
  • Business address30 Pasir Panjang Road #15-31A, Mapletree Business City, U0 1174405
  • Filer categoryLarge accelerated filer5
  • LEI549300N6CHVU5CQZPW243
  • StatusActive3
  • LEI statusIssued and current3
  • Registered addressC/O CONYERS TRUST COMPANY (CAYMAN) LIMITED, KY1-1111 George Town, Cayman Islands3
  • Registered withGeneral Registry, 2598193

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Since our inception, we have undergone significant strategic transformations, evolving through three distinct operational phases to transition from a regional market leader to a global social entertainment company, and finally into a globally diversified multi-engine technology ecosystem.6 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

35.9%Gross margin4
2.6%Operating margin4
98.8%Net margin4
-5.1%Revenue growth, 20254
32.1%Return on equity4
$159.2MFree cash flow4

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Live Streaming brought in 72% of the revenue JOYY broke down this way in fiscal 2025.

  1. Live Streaming$1.5B472%down 14% from 2024
  2. Advertising$442.7M421%up 37% from 2024
  3. Product and Service, Other$151.9M47%up 20% from 2024
Products and services by year
Products and services202320242025
Live Streaming$2.0B$1.8B$1.5B
Advertising$119.9M$323.0M$442.7M
Product and Service, Other$168.6M$126.8M$151.9M

Business segments

Bigo Inc. brought in 87% of the revenue JOYY broke down this way in fiscal 2025.

  1. Bigo Inc.$1.8B487%down 7% from 2024
  2. All other$277.1M413%up 10% from 2024
Business segments by year
Business segments202320242025
Bigo Inc.$1.9B$2.0B$1.8B
All other$344.9M$251.0M$277.1M

Regions

Developed countries brought in 59% of the revenue JOYY broke down this way in fiscal 2025.

  1. Developed countries$1.3B459%up 4% from 2024
  2. Southeast Asia and others$420.9M420%down 12% from 2024
  3. AE$244.2M411%down 23% from 2024
  4. China$208.7M410%down 11% from 2024
Regions by year
Regions202320242025
Developed countries$968.2M$1.2B$1.3B
Southeast Asia and others$510.5M$479.7M$420.9M
AE$441.3M$317.8M$244.2M
China$347.8M$233.6M$208.7M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue37¢$1.4B
  • Research and development7¢$247.1M
  • Income tax0¢$16.4M
  • Profit56¢$2.1B

Out of $2.1B in revenue.4

Where each dollar of operating cash went, fiscal 2025

  • Capital spending33¢$143.1M
  • Dividends paid36¢$155.5M
  • Share buybacks31¢$132.8M

Out of $302.3M of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.4

Financial statements

Revenue78910114$2.1B in 2025−7% since 2018
0$1.0B$2.0B$3.0B$4.0B2018: $2.3B$2.3B20182019: $3.7B$3.7B2019+60%2020: $2.0B$2.0B2020−45%2021: $2.6B$2.6B2021+29%2022: $2.4B$2.4B2022−8%2023: $2.3B$2.3B2023−6%2024: $2.2B$2.2B2024−1%2025: $2.1B$2.1B2025−5%
Gross profit7121310114$762.6M in 2025−9% since 2018
0$250.0M$500.0M$750.0M$1.0B2018: $835.8M$835.8M20182019: $243.8M$243.8M2019−71%2020: $540.0M$540.0M2020+122%2021: $837.9M$837.9M2021+55%2022: $852.1M$852.1M2022+2%2023: $813.0M$813.0M2023−5%2024: $806.2M$806.2M2024−1%2025: $762.6M$762.6M2025−5%
Operating income7121310114$55.8M in 2025−85% since 2018
-$750.0M-$500.0M-$250.0M0$250.0M$500.0M2018: $383.9M$383.9M20182019: -$515.4M-$515.4M20192020: -$406.8M-$406.8M2020−21%2021: -$106.7M-$106.7M2021−74%2022: $50.7M$50.7M20222023: $28.8M$28.8M2023−43%2024: -$405.6M-$405.6M20242025: $55.8M$55.8M2025
Net income7121310114$2.1B in 2025+582% since 2018
-$1.0B0$1.0B$2.0B$3.0B2018: $307.7M$307.7M20182019: $509.8M$509.8M2019+66%2020: $1.4B$1.4B2020+169%2021: -$80.3M-$80.3M20212022: $128.9M$128.9M20222023: $301.8M$301.8M2023+134%2024: -$146.2M-$146.2M20242025: $2.1B$2.1B2025

Every line of the income statement as filed: the last 3 fiscal years, latest first.4

Period ending2025-12-312024-12-312023-12-31
Total net revenues$2.1B$2.2B$2.3B
Cost of revenues-$1.4B-$1.4B-$1.5B
Gross profit$762.6M$806.2M$813.0M
Research and development expenses-$247.1M-$278.7M-$295.5M
Sales and marketing expenses-$297.5M-$333.3M-$369.6M
General and administrative expenses-$164.5M-$152.5M-$122.7M
Goodwill impairment$0-$454.9M$0
Total operating expenses-$709.1M-$1.2B-$787.7M
(Loss) gain on deconsolidation and disposal of subsidiaries$0$1.6M-$6.2M
Other income$2.3M$6.1M$9.7M
Operating income (loss)$55.8M-$405.6M$28.8M
Interest expense-$516.0K-$4.8M-$10.4M
Interest income and investment income$162.6M$175.6M$185.2M
Foreign currency exchange (losses) gains, net-$14.1M$764.0K-$2.9M
Gain on disposal and deemed disposal of investments$0$0$74.9M
Gain on fair value changes of investments$12.3M$6.6M$12.4M
Income (loss) before income tax expenses$216.1M-$227.5M$288.0M
Income tax expenses-$16.4M-$13.5M-$18.9M
Income (loss) before share of income (loss) in equity method investments, net of income taxes$199.7M-$241.0M$269.1M
Share of income (loss) in equity method investments, net of income taxes$11.6M-$1.6M$3.3M
Net income (loss) from continuing operations$211.3M-$242.6M$272.4M
Gain on disposal of YY Live$1.9B$0$0
Net income (loss)$2.1B-$242.6M$272.4M
Net loss attributable to the non-controlling interest shareholders and the mezzanine equity classified non-controlling interest shareholders$11.2M$96.4M$29.4M
Net income(loss) attributable to controlling interest of JOYY Inc.$2.1B-$146.2M$301.8M
Net income (loss) from continuing operations attributable to controlling interest of JOYY Inc.$222.5M-$146.2M$301.8M
Net income from discontinued operations attributable to controlling interest of JOYY Inc.$1.9B$0$0
Accretion of subsidiaries' redeemable convertible preferred shares to redemption value-$1.4M-$1.4M-$5.0M
Cumulative dividend on subsidiary's Series A Preferred Shares$0$0-$2.0M
Gain on repurchase of redeemable convertible preferred shares of a subsidiary$0$0$52.6M
Net income (loss) attributable to common shareholders of JOYY Inc.$2.1B-$147.6M$347.4M
Net income (loss) from continuing operations attributable to common shareholders of JOYY Inc.$221.1M-$147.6M$347.4M
Net income from discontinued operations attributable to common shareholders of JOYY Inc.$1.9B
Foreign currency translation adjustments, net of nil tax$56.2M-$27.5M-$35.3M
Unrealized losses on available-for-sale investment, net of nil tax-$16.7M-$23.1M
Comprehensive income (loss) attributable to the common shareholders of JOYY Inc.$2.1B-$198.2M$312.0M
Basic (in dollars per share)$1.99-$0.13$0.27
Continued operations (in dollars per share)$0-$0$0
Discontinued operations (in dollars per share)$2
Diluted (in dollars per share)$1.97-$0.13$0.24
Continued operations (in dollars per share)$0-$0$0
Discontinued operations (in dollars per share)$2
Basic (in shares)1.1B shares1.2B shares1.3B shares
Continuing operations (in shares)1.1B shares1.2B shares1.3B shares
Discontinued operations (in shares)1.1B shares1.2B shares1.3B shares
Denominator for diluted calculation1.1B shares1.2B shares1.5B shares
Continuing operations (in shares)1.1B shares1.2B shares1.5B shares
Discontinued operations (in shares)1.1B shares1.2B shares1.5B shares
Foreign currency translation adjustments, tax portion$0$0$0
Unrealized losses on available-for-sale investment, net of tax$0$0$0
Share-based compensation$25.8M$23.2M$32.0M

Compare JOYY with another company

Corporate structure

JOYY sits at the top of its group. 5 entities, 3 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of JOYY

  • STONEHILL CAPITAL MANAGEMENT LLC Filed SCHEDULE 13G/A on JOYY, latest Nov 14, 2025 (2 filings since Mar 27, 2025)
  • Point72 Asset Management, L.P. Filed SCHEDULE 13G/A on JOYY, latest May 15, 2025 (3 filings since Feb 8, 2024)
  • FMR LLC Filed SC 13G/A on JOYY, latest Nov 12, 2024 (2 filings since Feb 9, 2024)
  • PRICE T ROWE ASSOCIATES INC /MD/ Filed SC 13G/A on JOYY, latest Feb 16, 2024 (5 filings since Feb 14, 2022)
  • Capital World Investors Filed SC 13G/A on JOYY, latest Feb 13, 2023 (2 filings since Feb 11, 2022)
  • Amundi Filed SC 13G/A on JOYY, latest Feb 10, 2023 (2 filings since Feb 14, 2022)
  • Morgan Stanley Filed SC 13G/A on JOYY, latest Feb 10, 2022
  • JOYY 广州, China
    • BIGO Technology Subsidiary · Singapore, Singapore
    • Duowan Entertainment Corp. Subsidiary · 广州, China
    • HAGO SINGAPORE PTE. LTD. Subsidiary · Singapore, Singapore
    • Shopline Corporation Limited Subsidiary · Grand Cayman, Cayman Islands

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries, stakes and holdings from Wikidata (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What JOYY reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$914.3M4 Dec 31, 2025$824.7M4 Dec 31, 2024+10.9%
Accumulated depreciation$341.8M4 Dec 31, 2025$325.0M4 Dec 31, 2024+5.2%
Property and equipment, net$565.1M4 Dec 31, 2025$499.7M4 Dec 31, 2024+13.1%
Operating-lease assets (leased space)$21.2M4 Dec 31, 2025$20.5M4 Dec 31, 2024+3.8%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$374.2M4 Dec 31, 2025$444.8M4 Dec 31, 2024−15.9%
Marketable securities, current$613.7M4 Dec 31, 2025$288.6M4 Dec 31, 2024+112.7%
Marketable securities, non-current$24.1M4 Dec 31, 2025$40.8M4 Dec 31, 2024−40.9%
Equity securities at fair value$23.3M4 Dec 31, 2025$3.8M4 Dec 31, 2024+507.5%
Stakes in other companies (equity method)$375.0M4 Dec 31, 2025$336.7M4 Dec 31, 2024+11.4%
Long-term investments$530.7M11 Dec 31, 2024$544.5M11 Dec 31, 2023−2.5%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$2.2B4 Dec 31, 2025$2.2B4 Dec 31, 20240%
Intangible assets, net (excluding goodwill)$222.0M4 Dec 31, 2025$277.3M4 Dec 31, 2024−19.9%
Finite-lived intangibles, gross$725.3M4 Dec 31, 2025$724.9M4 Dec 31, 20240%
Accumulated amortization$500.5M4 Dec 31, 2025$444.9M4 Dec 31, 2024+12.5%

Stakes and holdings (Wikidata)

Things Wikidata records the company as owning, with the share when stated.1

Leadership

Who has led JOYY, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (3)

Subsidiaries and ownership

Also owns

From Wikidata.1

Acquisitions

  1. Mar 2019Acquired BIGO Technology1

Former names

  • YY Inc.Oct 15, 2012 to Dec 20, 20195

Timeline

  1. Mar 2019Acquisition Acquired BIGO Technology1
  2. Nov 21, 2012Went public Listed on NASDAQ1
  3. Apr 11, 2005Founded Founded1

Calendar

Coming up

  1. Nov 18, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported $1.23 a share, on Nov 19, 2025.17

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

81 filings to the SEC since October 2021: 5 annual reports, 8 insider forms, 18 large holders, 50 other. The latest 20:

  1. Aug 26, 20266-K EDGAR
  2. May 26, 20266-K EDGAR
  3. Apr 28, 202620-F EDGAR
  4. Apr 20, 20263/A OWNERSHIP DOCUMENT EDGAR
  5. Mar 23, 20263 OWNERSHIP DOCUMENT EDGAR
  6. Mar 18, 20263 OWNERSHIP DOCUMENT EDGAR
  7. Mar 18, 20263 OWNERSHIP DOCUMENT EDGAR
  8. Mar 18, 20263 OWNERSHIP DOCUMENT EDGAR
  9. Mar 18, 20263 OWNERSHIP DOCUMENT EDGAR
  10. Mar 18, 20263 OWNERSHIP DOCUMENT EDGAR
  11. Mar 18, 20263 OWNERSHIP DOCUMENT EDGAR
  12. Mar 11, 20266-K EDGAR
  13. Nov 20, 20256-K EDGAR
  14. Nov 14, 2025SCHEDULE 13G/A EDGAR
  15. Aug 27, 20256-K EDGAR
  16. May 27, 20256-K EDGAR
  17. May 15, 2025SCHEDULE 13G/A EDGAR
  18. Apr 29, 202520-F EDGAR
  19. Mar 27, 2025SCHEDULE 13G EDGAR
  20. Mar 21, 20256-K EDGAR

The 81 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Goldman Sachs Group Inc1,709,710$112.8M0.0%+18,930
Krane Funds Advisors LLC1,081,062$71.3M2.5%−94,797
Morgan Stanley878,923$58.0M0.0%+29,695
Vanguard Capital Management LLC860,235$56.8M0.0%−9,063
BlackRock, Inc.746,667$49.3M0.0%−82,920
Arrowstreet Capital, Limited Partnership726,059$47.9M0.0%+22,462
Farallon Capital Management, L.l.c.699,200$46.1M0.3%+121,000
MY.Alpha Management HK Advisors Ltd597,162$39.4M15.2%No change
Capitolis Liquid Global Markets LLC590,500$39.0M0.2%+162,700
Point72 Asset Management, L.P.574,670$37.9M0.1%+418,027
Qube Research & Technologies Ltd526,965$34.8M0.0%+73,829
Whitefort Capital Management, LP524,944$34.6M8.8%No change
Nuveen, LLC438,625$28.9M0.0%+2,200
Connor, Clark & Lunn Investment Management Ltd.429,963$28.4M0.1%+39,818
Franklin Resources Inc426,084$28.1M0.0%+43,150
Prudential PLC343,157$22.6M0.1%+30,676
State Street Corp300,354$20.3M0.0%−81,996
Jupiter Asset Management Ltd303,099$20.0M0.1%+4,699
Invesco Ltd.298,988$19.7M0.0%−51,581
Jpmorgan Chase & Co268,044$17.7M0.0%+94,041
Allianz Asset Management GmbH264,459$16.1M0.0%−10,625
Wellington Management Group Llp230,366$15.2M0.0%−117,384
First Trust Advisors LP224,269$14.8M0.0%+49,089
Vanguard Fiduciary Trust Co222,492$14.7M0.0%−4,389
Crossmark Global Holdings, Inc.209,870$13.8M0.2%+13,086

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How JOYY is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARJOYY Inc.2
  • CIK0001530238
  • Filer statusLarge accelerated filer not an emerging growth company; not a shell company6
  • Incorporated inCayman Islands6
  • Industry code (SIC)7374 Services-Computer Processing & Data Preparation2
  • SEC reviewing officeOffice of Technology, Division of Corporation Finance2
  • Business address30 Pasir Panjang Road #15-31A, Mapletree Business City, U0 1174402
  • Phone65 635193302
  • Shares outstanding673,183,174 Common Class A shares; 326,509,555 Common Class B shares as of Dec 31, 20256
  • AuditorPricewaterhouseCoopers LLP, Singapore PCAOB ID 1093; it also attests to the company’s internal control over financial reporting6
  • On EDGAR sinceOct 15, 20122
  • Filings282 in all: 6-K (111), SC 13G/A (51), SC 13G (33), 20-F (14), 144 (8), SC 13D/A (8), 3 (7), UPLOAD (7)2
    All 29 form types

    CORRESP (4), EFFECT (4), S-8 (4), SC TO-I/A (4), F-6 (3), SC TO-I (3), 144/A (2), 424B5 (2), CT ORDER (2), F-1/A (2), SC 13D (2), SCHEDULE 13G/A (2), 20-F/A (1), 3/A (1), 424B3 (1), 424B4 (1), 8-A12B (1), CERTNAS (1), F-1 (1), F-3ASR (1), SCHEDULE 13G (1)

  • Latest filingsAnnual report (20-F) Apr 28, 2026

Securities registered for trading

ClassSymbolExchange
American depositary shares (each representing 20 Class A common shares, par value US$0.00001 per share)JOYYThe Nasdaq Stock Market LLC
Class A common shares, par value US$0.00001 per shareThe Nasdaq Stock Market LLC

From the cover page of the 20-F filed Apr 28, 2026 (Section 12(b) of the Exchange Act).6

Sources

The numbers on this page point here. Each one links to the record it came from.

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