JOYY Inc. Reports Solid Q2 2025 Financial Performance

Overview of JOYY Inc.’s Financial Performance
JOYY Inc. (NASDAQ: JOYY), a prominent technology firm, has released its latest financial results for the second quarter of 2025. The company reported significant advancements in both its operational and financial metrics, indicating a promising outlook.
Financial Highlights from Q2 2025
In the second quarter of 2025, JOYY recorded net revenues totaling US$507.8 million, demonstrating a solid performance despite a decreased revenue compared to US$565.1 million in the same quarter last year. However, JOYY's operating income increased to US$5.8 million, a notable improvement from the US$2.3 million recorded in the previous year.
Highlights of key financial metrics for the quarter include:
- Net Revenues: US$507.8 million
- Operating Income: US$5.8 million
- Non-GAAP EBITDA: US$48.2 million, up from US$38.4 million year-over-year
- Net Income: US$60.8 million, surpassing US$52.1 million from the corresponding period
- Non-GAAP Net Income: US$77.0 million, compared to US$74.0 million last year
Operational Growth Momentum
JOYY's operational metrics have also seen significant improvements. The company reported an average mobile monthly active user (MAU) count of 262.5 million, though this reflects a slight decline from the previous year’s average of 275.2 million. This decline is attributed to a strategic shift in sales and marketing efforts aimed at enhancing return on investment.
Key Operational Metrics
- Mobile MAUs: 262.5 million
- Bigo Live Mobile MAUs: 29.6 million
- Likee Mobile MAUs: 28.5 million
- Hago Mobile MAUs: 3.0 million
The company's total number of paying users across its BIGO platforms, which include Bigo Live, Likee, and imo, reached 1.50 million, representing a solid user engagement level.
Strategic Business Initiatives
Ms. Ting Li, the Chairperson and CEO of JOYY, expressed optimism about the company’s performance. She highlighted that the firm's live streaming revenue architecture is stabilizing, while the non-livestreaming segment has experienced significant growth. The revenue from live streaming reached US$375.4 million, an increase of 1.1% quarter-on-quarter, with the non-livestreaming revenue soaring by 25.6% year-on-year to US$132.4 million.
Investment in Shareholder Value
JOYY continues to uphold its commitment to shareholder returns, having distributed US$98.5 million in dividends and repurchased shares worth US$36.5 million during the recent six-month period.
Looking Ahead: Q3 2025 Expectations
Looking forward, JOYY has proposed an estimate for its third-quarter net revenues, predicting a range between US$525 million and US$539 million. This projection takes into consideration the current marketplace conditions and ongoing business strategies that remain dynamic, particularly amidst the uncertain macroeconomic landscape.
Conclusion
JOYY Inc.’s Q2 2025 financial results reveal robust growth trajectories and a resilient business model. The company’s strategic focus on advertising technologies and innovative approaches in both live streaming and non-livestreaming services are likely to solidify its position as a leader in the global tech market.
Frequently Asked Questions
What was JOYY's total revenue for Q2 2025?
JOYY reported total revenues of US$507.8 million for the second quarter of 2025.
How did JOYY's mobile MAUs change from last year?
The mobile MAUs decreased from 275.2 million in the same quarter of the previous year to 262.5 million in Q2 2025.
What is JOYY's strategy moving forward?
JOYY aims to enhance its advertising capabilities while focusing on both live streaming and non-livestreaming growth strategies.
How much did JOYY return to shareholders in dividends?
JOYY distributed US$98.5 million in dividends in the past six months.
What are the projections for JOYY in Q3 2025?
For Q3 2025, JOYY anticipates net revenues to be between US$525 million and US$539 million.
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