Joyy, Inc. ( (JOYY) ) has released its Q2 earnings. Here is a breakdown of the information Joyy, Inc. presented to its investors.
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JOYY Inc. is a global technology company headquartered in Singapore, known for its diversified product portfolio that includes live streaming, short-form videos, casual games, instant messaging, and advertising initiatives. The company operates across the globe and is listed on NASDAQ.
In the second quarter of 2025, JOYY Inc. reported net revenues of $507.8 million, a decrease from the $565.1 million reported in the same period in 2024. Despite the revenue decline, the company saw an increase in operating income to $5.8 million, up from $2.3 million in the previous year, and a rise in non-GAAP EBITDA to $48.2 million.
Key financial highlights include a 25.7% year-over-year growth in non-GAAP EBITDA and a 155.4% increase in operating income. The company also reported a net income of $60.8 million from continuing operations, reflecting a net income margin of 12.0%. JOYY’s non-livestreaming business, particularly BIGO Ads, showed significant growth, with a 29.0% year-over-year increase in revenue.
Operationally, JOYY’s global average mobile monthly active users (MAUs) decreased to 262.5 million, down from 275.2 million in the previous year. This decline was attributed to the company’s strategic shift towards more focused sales and marketing strategies. The company also reported a decrease in the total number of paying users and average revenue per paying user.
Looking ahead, JOYY Inc. expects net revenues for the third quarter of 2025 to be between $525 million and $539 million. The company remains optimistic about its dual growth engine strategy and its potential to drive further growth in the advertising technology industry, aiming to deliver sustained, long-term value for its shareholders.