JOYY (JOYY) AI Stock Analysis

• Market Cap: $3.23B
• Dividend Yield: 4.41%
• Average Volume (3M): 332.53K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.49
• Revenue Growth: -7.60%
• EPS Growth: -160.75%
• Country: US
• Employees: 5,815
• Sector: Communication Services
• Sector Strength: 97
• Industry: Internet Content & Information
• EPS (TTM): 1.36
• Shares Outstanding: 35,037,445
• 10 Day Avg. Volume: 515,769
• 30 Day Avg. Volume: 332,526
• PEG Ratio: 0.11
• Price to Book (P/B): 0.50
• Price to Sales (P/S): 1.06
• P/FCF Ratio: 10.60
• Enterprise Value/Market Cap: 0.60
• Enterprise Value/Revenue: 0.86
• Enterprise Value/Gross Profit: 2.39
• Enterprise Value/Ebitda: 8.18
• 1Y Price Target: $68.00
• Price Target Upside: 14.85% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 60 Neutral
• Price Target: $63.00 ▲(6.40% Upside)

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.

Positive Factors

Ad Tech Growth

Significant growth in ad tech reflects strategic focus on AI and marketing optimization, enhancing JOYY's competitive position in digital advertising.

Strong Balance Sheet

A strong balance sheet with low debt provides JOYY with financial flexibility to invest in growth opportunities and weather economic challenges.

Operating Cash Flow

Robust operating cash flow and a strong cash position support JOYY's ability to fund operations, invest in growth, and return value to shareholders.

Negative Factors

Declining Revenue

Consistent revenue decline indicates challenges in maintaining market share and monetization, potentially impacting long-term growth prospects.

Negative Profit Margins

Negative profit margins highlight operational inefficiencies and cost management issues, which could hinder profitability and investment capacity.

Cash Flow Issues

Cash flow challenges may constrain JOYY's ability to invest in growth initiatives and manage financial obligations, affecting long-term sustainability.

JOYY Business Overview & Revenue Model

Company Description

JOYY Inc. is a leading global social media platform headquartered in China, primarily focused on live streaming and social networking services. The company operates several platforms, including YY Live, Bigo Live, and Hago, catering to diverse markets and user demographics. JOYY's core offerings revolve around interactive live streaming, user-generated content, and social engagement, allowing users to connect, share, and entertain through real-time video and chat functionalities.

How the Company Makes Money

JOYY generates revenue through multiple channels, primarily from virtual gifts and in-app purchases made by users during live streaming sessions, where viewers can purchase virtual items to send to their favorite streamers. Additionally, the company earns income from advertising partnerships on its platforms, providing brands with targeted marketing opportunities to reach engaged audiences. JOYY also monetizes through subscription models that offer premium features and enhanced user experiences. Strategic partnerships with various content creators and brands significantly contribute to its earnings, enhancing user engagement and retention across its platforms.

JOYY Financial Statement Overview

Summary

JOYY faces challenges with declining revenues and profitability, reflected in negative net income and EBIT margins. However, the company maintains a strong balance sheet with low debt levels. Cash flow issues need attention to ensure liquidity and operational efficiency. Overall, JOYY needs to focus on reversing revenue decline and improving cost management.

Income Statement

JOYY has shown a declining revenue trend with a decrease from $2.62 billion in 2021 to $2.24 billion in 2024. The gross profit margin decreased slightly from 32% in 2023 to 36% in 2024, indicating a drop in efficiency. The net profit margin turned negative in 2024, reflecting challenges in controlling costs. EBIT and EBITDA margins deteriorated, with EBIT turning negative in 2024, signaling operational inefficiencies.

Balance Sheet

The balance sheet remains strong with a high equity ratio of 62.7% in 2024, indicating financial stability and low leverage. The debt-to-equity ratio is very low, at 0.01, showcasing prudent debt management. However, the return on equity has turned negative due to the net loss, signaling a need for improved profitability.

Cash Flow

The cash flow statement reflects challenges with zero free cash flow and operating cash flow in 2024, indicating potential liquidity concerns. The free cash flow to net income ratio is non-calculable due to negative net income, and the operating cash flow to net income ratio is not available, highlighting potential cash management issues.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	2.24B	2.27B	2.41B	2.62B	1.92B
Gross Profit	806.20M	813.03M	852.13M	837.90M	569.60M
EBITDA	167.63M	422.42M	801.67M	119.81M	292.59M
Net Income	-146.24M	301.82M	128.89M	-103.33M	1.37B
Balance Sheet
Total Assets	7.52B	8.48B	9.07B	9.12B	8.08B
Cash, Cash Equivalents and Short-Term Investments	1.81B	3.31B	3.94B	4.39B	3.55B
Total Debt	31.04M	488.53M	907.58M	940.85M	918.64M
Total Liabilities	2.76B	3.19B	3.57B	3.49B	1.78B
Stockholders Equity	4.71B	5.16B	5.18B	5.53B	6.23B
Cash Flow
Free Cash Flow	224.16M	213.57M	247.28M	25.54M	362.27M
Operating Cash Flow	308.66M	295.58M	316.49M	210.42M	524.10M
Investing Cash Flow	-210.25M	420.37M	-510.28M	789.59M	782.54M
Financing Cash Flow	-707.83M	-841.75M	-321.91M	-723.54M	-134.41M

JOYY Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 59.21
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JOYY, the sentiment is Positive. The current price of 59.21 is below the 20-day moving average (MA) of 60.75, below the 50-day MA of 59.57, and above the 200-day MA of 50.18, indicating a bullish trend. The MACD of 1.21 indicates Negative momentum. The RSI at 58.53 is Neutral, neither overbought nor oversold. The STOCH value of 58.86 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JOYY.

JOYY Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TME	71 Outperform	$25.69B	18.42	14.47%	0.98%	13.86%	80.97%
OPRA	67 Neutral	$1.22B	14.97	8.73%	5.73%	30.00%	-9.72%
Sector *	60 Neutral	$48.67B	4.58	-11.27%	4.14%	2.83%	-41.78%
JOYY	60 Neutral	$3.23B	―	-2.29%	4.41%	-7.60%	-160.75%
WB	60 Neutral	$2.45B	5.70	12.46%	8.25%	-1.29%	22.48%
MOMO	51 Neutral	$1.11B	10.57	7.65%	―	-7.33%	-34.16%
ZH	48 Neutral	$310.07M	22.28	2.39%	―	-23.61%	―

JOYY Corporate Events

JOYY Inc. Reports Strong Q3 2025 Financial Results with Growth in Advertising

On November 20, 2025, JOYY Inc. announced its unaudited financial results for the third quarter of 2025, highlighting a steady recovery in live streaming revenues and significant growth in its advertising business. The company reported net revenues of $540.2 million, with live streaming revenues reaching $388.5 million, marking a 3.5% increase from the previous quarter. Advertising revenues saw a notable rise of 29.2% year-over-year, driven by the success of BIGO Ads. JOYY’s strategic focus on optimizing marketing strategies and leveraging AI technology has bolstered its operational efficiency and market positioning, contributing to a 19.1% increase in operating income. The company remains committed to enhancing shareholder value through dividends and share repurchases, while its dual growth engine strategy positions it for continued revenue growth as it approaches 2026.

JOYY Inc. Reports Q2 2025 Financial Results with Strategic Growth in Advertising

On August 27, 2025, JOYY Inc. announced its unaudited financial results for the second quarter of 2025, revealing a decrease in net revenues to $507.8 million from $565.1 million in the same period of 2024. Despite the revenue drop, the company reported an increase in operating income to $5.8 million and a rise in non-GAAP EBITDA to $48.2 million, indicating improved operational efficiency. The company also highlighted the growth of its non-livestreaming business, particularly in advertising, which saw significant year-over-year growth. The strategic focus on enhancing advertising algorithms and expanding traffic has positioned JOYY to strengthen its presence in the advertising technology industry, aiming to deliver long-term shareholder value.