JOYY Reports Significant Financial Growth in Third Quarter 2025
SINGAPORE — JOYY Inc. (NASDAQ: JOYY), a leading global technology company, has announced impressive financial results for the third quarter of 2025. The report highlights a notable increase in revenue, indicating the company's strong market position and growth trajectory.
Strong Revenue Performance
In the third quarter of 2025, JOYY generated total revenue of US$540 million, which represents a 6.4% increase compared to the previous quarter. This growth was driven primarily by the livestreaming segment, which brought in US$388 million, reflecting a quarterly growth of 3.5%. Meanwhile, advertising revenues reached US$113 million, marking an outstanding year-over-year increase of 29.2% and a 17.1% rise from the previous quarter.
Operational Gains
JOYY's operational performance also showcased substantial progress during this period. The company reported a GAAP operating income of US$20 million, which is a 19.1% increase year-over-year. Additionally, the non-GAAP operating income grew to US$41 million, up 16.6% from last year. These figures underscore the efficiency improvements and enhanced profitability strategies employed by the company.
Non-GAAP Metrics
Furthermore, JOYY's non-GAAP EBITDA reached US$51 million in the third quarter, reflecting a year-over-year growth of 16.8%. With an operating cash flow of US$73 million for the quarter and a net cash position of US$3.32 billion as of September 30, JOYY is well-positioned for continued profitability and shareholder value creation.
Commitment to Shareholder Returns
JOYY has been strongly committed to providing returns to its shareholders. The company revealed a shareholder return program valued at approximately US$900 million through dividends and stock buybacks between 2025 and 2027. As of mid-November 2025, JOYY has distributed US$148 million in dividends and repurchased shares worth US$89 million, demonstrating its dedication to enhancing shareholder value.
CEO Commentary
Ms. Ting Li, the Chairperson and CEO of JOYY, expressed optimism about the company's growth trajectory. She stated, "We have seen a steady recovery in our livestreaming revenues, while our advertising business is experiencing robust growth. Moving into 2026, we are confident in our ability to resume year-over-year growth, particularly in our livestreaming and advertising segments." This sentiment reflects JOYY's strategic initiatives targeted at enhancing synergy across its operational frameworks.
Highlights from the Livestreaming Business
The livestreaming segment continues to show robust performance, with global average monthly active users reaching 266 million, which is an increase of 1.4% quarter-over-quarter. A significant contributing factor to this growth has been the effective acquisition of high-quality global user traffic that enhances monetization opportunities within the livestreaming platform. BIGO has been a notable performer under the JOYY umbrella, generating US$368 million in livestreaming revenue, also reflecting a consistent growth trend.
Advertising Sector Expansion
JOYY's ad-tech platform, BIGO Ads, has shown remarkable growth, achieving an advertising revenue spike to US$104 million for the quarter. This figure amplifies the year-over-year growth by 33.1% and is a testament to the company's robust strategies in advertising technology. The platform's development of third-party traffic integrations and relevant optimizations in ad forecasting have yielded impressive revenue increments, paving the way for sustained growth.
Future Growth Prospects
As JOYY looks to the future, it aims to continue leveraging its established ecosystem and enhance operational efficiencies for improved growth outcomes. With its diverse array of offerings and customer-centric approaches, JOYY is positioned to heighten its impact across various technology sectors while ensuring long-term shareholder value.
Frequently Asked Questions
What were JOYY's total revenues for Q3 2025?
JOYY's total revenues for the third quarter of 2025 were US$540 million, reflecting a 6.4% increase compared to the previous quarter.
How much did JOYY invest in shareholder returns?
JOYY announced a shareholder return program of approximately US$900 million from 2025 through 2027, with US$148 million in dividends and US$89 million in share repurchases already executed.
What is BIGO Ads' performance in advertising for this quarter?
BIGO Ads achieved US$104 million in advertising revenue, marking a significant year-over-year growth rate of 33.1% and a quarterly increase of 19.7%.
What strategies is JOYY utilizing for its livestreaming business?
JOYY's livestreaming business is focusing on enhancing user engagement and monetization through improved content quality and AI-driven user experience improvements.
How has JOYY's cash position impacted its financial strategy?
With US$3.32 billion in net cash, JOYY is well-equipped to support ongoing shareholder returns and strategic investments aimed at sustained growth.
