← JOYY Inc.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $1.2b |
$1.8b
+50.82%
|
$2.3b
+28.65%
|
$3.7b
+60.24%
|
$2.0b
-44.81%
|
$2.6b
+29.16%
|
$2.4b
-7.92%
|
$2.3b
-5.96%
|
$2.2b
-1.33%
|
$2.1b
-5.07%
|
$2.2b
+2.89%
|
|
| Total net revenues | $8.2b | $11.6b | $15.8b | $25.6b | $13.2b | $2.6b | $2.4b | $2.3b | $2.2b | $2.1b | — | |
| Revenue from Contract with Customer, Including Assessed Tax | — | — | $128.8m | $222.3m | $108.2m | $2.6b | $2.4b | $2.3b | $2.2b | $2.1b | — | |
| Cost of Revenue | $735.0m |
$1.1b
+46.92%
|
$1.5b
+34.91%
|
$2.5b
+69.07%
|
$1.5b
-40.83%
|
$1.8b
+22.21%
|
$1.6b
-12.45%
|
$1.5b
-6.70%
|
$1.4b
-1.60%
|
$1.4b
-4.89%
|
$1.4b
+3.72%
|
|
| Cost of revenues | ($5.1b) |
($7.0b)
-37.68%
|
($10.0b)
-42.56%
|
($17.1b)
-71.19%
|
($9.5b)
+44.55%
|
($1.8b)
+81.27%
|
($1.6b)
+12.45%
|
($1.5b)
+6.70%
|
($1.4b)
+1.60%
|
($1.4b)
+4.89%
|
$1.4b
+203.72%
|
|
| Gross Profit | $446.6m |
$702.1m
+57.23%
|
$835.8m
+19.03%
|
$1.2b
+44.84%
|
$570.3m
-52.89%
|
$837.9m
+46.92%
|
$852.1m
+1.70%
|
$813.0m
-4.59%
|
$806.2m
-0.84%
|
$762.6m
-5.40%
|
$773.3m
+1.40%
|
|
| Research and Development Expense | $97.3m | $120.2m | $173.4m | $364.2m | $321.3m | $279.8m | $261.8m | $295.5m | $278.7m | $247.1m | $245.9m | |
| Research and development expenses | ($675.2m) | ($781.9m) | ($1.2b) | ($2.5b) | ($2.1b) | ($279.8m) | ($261.8m) | ($295.5m) | ($278.7m) | ($247.1m) | $245.9m | |
| Selling and Marketing Expense | $55.8m | $106.2m | $167.2m | $537.2m | $534.1m | $468.4m | $400.4m | $369.6m | $333.3m | $297.5m | $479.4m | |
| Marketing and Advertising Expense | $298.7m | $621.8m | $1.1b | $3.0b | $2.7b | $383.6m | $321.4m | $270.4m | $240.3m | $207.5m | — | |
| Sales and marketing expenses | ($387.3m) | ($691.3m) | ($1.1b) | ($3.7b) | ($3.5b) | ($468.4m) | ($400.4m) | ($369.6m) | ($333.3m) | ($297.5m) | — | |
| General and Administrative Expense | $69.5m | $83.7m | $128.5m | $214.0m | $155.8m | $221.7m | $141.8m | $122.7m | $152.5m | $164.5m | $174.4m | |
| General and administrative expenses | ($482.4m) | ($544.6m) | ($883.2m) | ($1.5b) | ($1.0b) | ($221.7m) | ($141.8m) | ($122.7m) | ($152.5m) | ($164.5m) | $174.4m | |
| Amortization of Intangible Assets | $14.5m | $9.6m | $10.0m | $103.1m | $115.9m | $67.2m | $65.2m | $73.4m | $65.5m | $64.0m | — | |
| Operating Expenses | $225.1m | $310.5m | $469.0m | $1.1b | $1.0b | $969.9m | $818.9m | $787.7m | $1.2b | $709.1m | $722.6m | |
| Total operating expenses | ($1.6b) | ($2.0b) | ($3.2b) | ($7.8b) | ($6.6b) | ($969.9m) | ($818.9m) | ($787.7m) | ($1.2b) | ($709.1m) | $722.6m | |
| Other Operating Income | $18.7m | $17.4m | $17.1m | $1.1b | ($2.8b) | ($106.7m) | $50.7m | $28.8m | ($405.6m) | $55.8m | $50.7m | |
| Operating Income (Loss) | $255.1m |
$414.9m
+62.60%
|
$383.9m
-7.46%
|
$153.4m
-60.04%
|
($432.3m)
-381.80%
|
($106.7m)
+75.32%
|
$50.7m
+147.56%
|
$28.8m
-43.20%
|
($405.6m)
-1507.69%
|
$55.8m
+113.76%
|
$50.7m
-9.19%
|
|
| Other Operating Income (Expense), Net | $1.8b | $2.7b | $2.6b | $46.3m | $8.6m | $20.4m | $17.5m | $9.7m | $6.1m | $2.3m | — | |
| Interest income and investment income | $67.2m | $180.4m | $485.6m | $733.6m | $614.0m | $91.2m | $93.1m | $185.2m | $175.6m | $162.6m | $163.0m | |
| Investment Income, Net | — | — | $2.5m | $7.3m | ($3.0m) | $3.6m | ($1.4m) | $0 | $0 | — | — | |
| Equity Securities, FV-NI, Realized Gain (Loss) | — | — | — | — | ($6.4m) | $12.7m | $4.1m | $0 | $0 | $0 | — | |
| Foreign Currency Transaction Gain (Loss), before Tax | $167k | ($334k) | ($75k) | $1.4m | ($18.2m) | ($13.4m) | $11.7m | ($2.9m) | $764k | ($14.1m) | — | |
| Other Nonoperating Income (Expense) | $0 | $0 | — | — | — | — | — | — | — | — | — | |
| Income (Loss) from Equity Method Investments | $1.2m | $5.1m | $8.6m | $5.5m | ($7.9m) | ($26.2m) | ($498.4m) | $3.3m | ($1.6m) | $11.6m | — | |
| Interest and Other Income | $9.7m | $27.7m | $70.6m | $105.4m | $94.1m | $91.2m | $93.1m | $185.2m | $175.6m | $162.6m | — | |
| Other income | $129.5m | $113.2m | $117.9m | $322.1m | $56.1m | $20.4m | $17.5m | $9.7m | $6.1m | $2.3m | — | |
| Income (loss) before share of income (loss) in equity method investments, net of income taxes | $1.5b | $2.5b | $2.1b | $3.7b | ($74.6m) | ($103.3m) | $600.0m | $269.1m | ($241.0m) | $199.7m | — | |
| Share of income (loss) in equity method investments, net of income taxes | $8.3m | $33.0m | $58.9m | $38.5m | ($51.8m) | ($26.2m) | ($498.4m) | $3.3m | ($1.6m) | $11.6m | — | |
| Interest Expense (non-operating) | $11.7m | $4.9m | $1.3m | $38.3m | $80.0m | $14.5m | $12.8m | $10.4m | $4.8m | $516k | $448k | |
| Income (Loss) from Continuing Operations before Income Taxes, Domestic | — | — | — | — | — | — | — | — | — | $203.0m | $189.7m | |
| Current Income Tax Expense (Benefit) | $288.3m | $411.9m | $428.1m | $714.7m | $105.1m | $35.5m | $36.5m | $30.7m | $21.5m | $16.1m | $16.1m | |
| Income (loss) before income tax expenses | $1.8b | $2.9b | $2.5b | $4.2b | $117.7m | ($77.6m) | $634.6m | $288.0m | ($227.5m) | $216.1m | — | |
| Income tax expenses | ($280.5m) | ($415.8m) | ($477.7m) | ($546.6m) | ($192.3m) | ($25.7m) | ($34.6m) | ($18.9m) | ($13.5m) | ($16.4m) | $16.1m | |
| Income Tax Expense (Benefit) | $40.4m | $63.9m | $69.5m | $78.5m | $29.5m | $25.7m | $34.6m | $18.9m | $13.5m | $16.4m | $16.1m | |
| Net income (loss) from continuing operations | — | — | $617.7m | ($543.5m) | ($126.4m) | ($129.6m) | $101.6m | $272.4m | ($242.6m) | $211.3m | $226.4m | |
| Net income (loss) from continuing operations attributable to controlling interest of JOYY Inc. | — | — | $625.3m | ($516.7m) | ($105.1m) | ($115.9m) | $128.9m | $301.8m | ($146.2m) | $222.5m | $226.4m | |
| Net income from discontinued operations attributable to controlling interest of JOYY Inc. | — | — | $1.6b | $4.0b | $9.8b | $35.6m | $0 | $0 | $0 | $1.9b | — | |
| Net loss attributable to the non-controlling interest shareholders and the mezzanine equity classified non-controlling interest shareholders | — | — | — | — | — | $13.7m | $27.3m | $29.4m | $96.4m | $11.2m | — | |
| Net Income (Loss) from Continuing Operations Available to Common Shareholders, Basic | $1.5b | $2.5b | $1.6b | $3.4b | ($26.2m) | ($125.1m) | $119.5m | $347.4m | ($147.6m) | $221.1m | $226.4m | |
| Net Income (Loss) Attributable to Parent | $219.5m |
$383.2m
+74.59%
|
$1.6b
+328.48%
|
$494.9m
-69.86%
|
$1.5b
+199.62%
|
($80.3m)
-105.42%
|
$128.9m
+260.53%
|
$301.8m
+134.16%
|
($146.2m)
-148.45%
|
$2.1b
+1534.96%
|
$226.4m
-89.21%
|
|
| Net Income (Loss) Available to Common Stockholders, Basic | $1.5b |
$2.5b
+63.61%
|
$238.8m
-90.42%
|
$485.4m
+103.26%
|
$1.5b
+203.38%
|
($89.5m)
-106.08%
|
$119.5m
+233.44%
|
$347.4m
+190.76%
|
($147.6m)
-142.50%
|
$2.1b
+1520.53%
|
$226.4m
-89.20%
|
|
| Net Income (Loss) Attributable to Noncontrolling Interest | — | — | ($321.3m) | — | — | — | — | — | — | — | $226.4m | |
| Preferred Stock Dividends, Income Statement Impact | — | — | $669k | $4.0m | $4.2m | $4.0m | $4.0m | $2.0m | $0 | $0 | $1.4m | |
| Income (Loss) from Continuing Operations, Per Basic Share | — | — | — | — | ($0) | ($0) | $0 | $0 | — | $0 | — | |
| Income (Loss) from Continuing Operations, Per Diluted Share | — | — | — | — | ($0) | ($0) | $0 | $0 | — | $0 | — | |
| Earnings Per Share, Basic | $0.19 | $0.32 | $0.19 | $0.31 | $0.92 | ($0.06) | $0.08 | $0.27 | ($0.13) | $1.99 | $4.74 | |
| Earnings Per Share, Diluted | $0.19 | $0.32 | $0.18 | $0.31 | $0.92 | ($0.06) | $0.08 | $0.24 | ($0.13) | $1.97 | $4.68 | |
| Discontinued operations (in dollars per share) | — | — | $0.80 | $2.57 | $6.11 | $0.02 | — | — | — | $1.76 | — | |
| Common Stock, Dividends, Per Share, Declared | $1.35 | $0.32 | $1.28 | $0.00 | $6.00 | $0.06 | $0.00 | $0.00 | $0.13 | $0.00 | — | |
| Accretion of subsidiaries' redeemable convertible preferred shares to redemption value | — | — | — | ($5.6m) | ($5.6m) | ($5.2m) | ($5.4m) | ($5.0m) | ($1.4m) | ($1.4m) | — | |
| Cumulative dividend on subsidiary's Series A Preferred Shares | $0 | $0 | $4.6m | $27.6m | $27.7m | ($4.0m) | ($4.0m) | ($2.0m) | $0 | $0 | — | |
| Gain on repurchase of redeemable convertible preferred shares of a subsidiary | — | — | — | — | — | — | $0 | $52.6m | $0 | $0 | — | |
| Basic (in shares) | $1.1b | $1.2b | $1.3b | $1.5b | 1.6b | 1.6b | $1.4b | $1.3b | $1.2b | $1.1b | $51.7m | |
| Continuing operations (in shares) | — | — | — | — | — | — | — | $1.5b | $1.2b | $1.1b | — | |
| Discontinued operations (in shares) | — | — | — | — | — | — | — | $1.5b | $1.2b | $1.1b | — | |
| Weighted Average Number of Shares Outstanding, Basic | 1.1b | 1.2b | 1.3b | 1.5b | 1.6b | 1.6b | 1.4b | 1.3b | 1.2b | 1.1b | 51.7m | |
| Weighted Average Number of Shares Outstanding, Diluted | 1.2b | 1.2b | 1.3b | 1.6b | 1.6b | 1.6b | 1.6b | 1.5b | 1.2b | 1.1b | 52.5m | |
| Additional Financial Items | ||||||||||||
| Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual Amount | — | — | — | — | — | — | — | $0 | $9.4m | $15.0m | — | |
| Goodwill, Impairment Loss | $2.5m | $388k | $0 | $0 | — | $0 | $14.8m | $0 | $454.9m | $0 | $0 | |
| Goodwill impairment | ($17.7m) | ($2.5m) | $0 | $0 | $0 | $0 | ($14.8m) | $0 | ($454.9m) | $0 | $0 | |
| (Loss) gain on deconsolidation and disposal of subsidiaries | $104.0m | $38.0m | $0 | — | — | — | $0 | ($6.2m) | $1.6m | $0 | — | |
| Foreign currency exchange (losses) gains, net | $1.2m | ($2.2m) | ($514k) | $9.8m | ($118.9m) | ($13.4m) | $11.7m | ($2.9m) | $764k | ($14.1m) | — | |
| Gain on disposal and deemed disposal of investments | — | — | $16.2m | $0 | $1.9b | ($23.8m) | $4.1m | $74.9m | $0 | $0 | — | |
| Gain on fair value changes of investments | $0 | $0 | $1.7b | $2.7b | $1.1b | ($15.4m) | $424.3m | $12.4m | $6.6m | $12.3m | — | |
| Gain on disposal of YY Live | — | — | — | — | — | — | — | $0 | $0 | $1.9b | — | |
| Foreign currency translation adjustments, net of nil tax | ($5.3m) | ($61.5m) | $434.1m | $571.8m | ($1.5b) | $58.9m | ($247.0m) | ($35.3m) | ($27.5m) | $56.2m | — | |
| Unrealized losses on available-for-sale investment, net of nil tax | — | — | — | — | $1.5b | $35.6m | $0 | $0 | ($23.1m) | ($16.7m) | — | |
| Comprehensive income (loss) attributable to the common shareholders of JOYY Inc. | $1.7b | $2.4b | $2.1b | $4.0b | $8.2b | ($30.6m) | ($127.5m) | $312.0m | ($198.2m) | $2.1b | — | |
| Denominator for diluted calculation | $1.2b | $1.2b | $1.3b | $1.6b | 1.6b | 1.6b | $1.6b | $1.5b | $1.2b | $1.1b | — | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | — | — | — | — | ($16.1m) | ($115.9m) | $128.9m | $301.8m | — | $222.5m | — | |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | $1.5b | $2.5b | — | — | ($19.4m) | ($129.6m) | $101.6m | $272.4m | ($242.6m) | $211.3m | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | — | — | — | — | $1.5b | $35.6m | $0 | $0 | ($23.1m) | ($16.7m) | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | — | — | — | — | $1.5b | $35.6m | $0 | $0 | — | $1.9b | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.