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JOYY Swings to Profit in 2025 as AI-Powered Ad Tech Drives Revenue Rebound

Story Highlights
  • JOYY returned to profitability in 2025, with Q4 revenue up on strong advertising growth and improving live streaming.
  • Rapid expansion of BIGO Ads and non-live-streaming revenue is reshaping JOYY’s mix and bolstering its global tech positioning.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
JOYY Swings to Profit in 2025 as AI-Powered Ad Tech Drives Revenue Rebound

Meet Samuel – Your Personal Investing Prophet

JOYY ( (JOYY) ) has issued an update.

On March 11, 2026, JOYY reported unaudited results for the fourth quarter and full year 2025, posting Q4 net revenue of $581.9 million, up 5.9% year on year and 7.7% sequentially, driven by a 62.4% surge in advertising revenue and steady live-streaming recovery. The company swung from large losses in 2024 to operating income of $18.3 million in Q4 and $55.8 million for 2025, with net income from continuing operations reaching $222.5 million for the year and net cash of $3.26 billion at year-end, underscoring stronger profitability, growing mobile MAUs and accelerating, AI-led ad-tech growth that is reshaping its revenue mix and strategic profile.

Non-live-streaming revenue rose to 32.2% of Q4 net revenue, as BIGO Ads delivered 61.5% year-on-year growth to $128.1 million and its Audience Network posted robust gains from third-party traffic, particularly in North America and Western Europe. With three consecutive quarters of live-streaming revenue recovery, rising BIGO paying users and deeper adoption of AI features such as virtual gifts and improved recommendation systems, JOYY’s 2025 results highlight meaningful progress in diversifying away from legacy live streaming and strengthening its position in the global digital advertising and social entertainment markets.

The most recent analyst rating on (JOYY) stock is a Hold with a $74.00 price target. To see the full list of analyst forecasts on JOYY stock, see the JOYY Stock Forecast page.

Spark’s Take on JOYY Stock

According to Spark, TipRanks’ AI Analyst, JOYY is a Neutral.

JOYY’s overall stock score reflects a mix of challenges and opportunities. The most significant factor is the company’s financial performance, which is under pressure from declining revenues and profitability. However, a strong balance sheet and positive earnings call guidance provide some optimism. Technical indicators suggest a neutral to slightly positive trend, while valuation concerns persist due to negative earnings. The company’s strategic focus on ad tech and AI-driven innovation could drive future growth, but immediate financial challenges need to be addressed.

To see Spark’s full report on JOYY stock, click here.

More about JOYY

JOYY Inc. is a global technology company listed on Nasdaq that operates a portfolio of social entertainment and live-streaming platforms, including BIGO and Bigo Live. The group has been repositioning itself as a diversified tech player with multiple growth engines, notably expanding into AI-powered programmatic advertising and third-party ad networks targeting global mobile users and app developers.

Average Trading Volume: 347,612

Technical Sentiment Signal: Buy

Current Market Cap: $3.05B

For detailed information about JOYY stock, go to TipRanks’ Stock Analysis page.

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