Company Analysis

JOYY Inc. (JOYY)

Nasdaq: JOYY · Services-Computer Processing & Data Preparation · Mapletree Business City, SG · filing with the SEC since 2012
Grade6.1
◀ Past 6.9● Present 6.5▶ Future 4.7
1 est.

Income statement, as filed

In thousands of US dollars (USD), as filed; per-share figures in US dollars; share counts.
Income statement, by fiscal year, newest first
Fiscal yearFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017FY 2016
Period endingDec 31, 2025Dec 31, 2024Dec 31, 2023Dec 31, 2022Dec 31, 2021Dec 31, 2020Dec 31, 2019Dec 31, 2018Dec 31, 2017Dec 31, 2016
Report filedApr 28, 2026Apr 29, 2025Apr 26, 2024Apr 27, 2023Apr 29, 2022Apr 28, 2021Apr 27, 2020Apr 26, 2019Apr 26, 2018Apr 20, 2017
Revenue2,124,2482,237,7882,267,8702,411,5162,619,0511,918,144r900,702r128,8471,782,0881,181,629
For lenders
Provision for credit losses····-633-2,618····
Cost of revenue1,361,6161,431,5851,454,8421,559,3881,781,1501,378,146r656,920r1,456,9321,079,938735,047
Gross profit762,632806,203813,028852,128837,901539,998r243,782r835,782702,150446,582
Research and development247,133278,740295,503261,807279,781302,818r236,504r173,377120,17497,253
Sales and marketing297,470333,334369,577400,435468,407505,389r404,495r167,161106,24855,778
General and administrative164,529152,517122,661141,826221,731146,666r135,564r128,46083,71069,485
Total operating expenses709,1321,219,526787,741818,898969,919954,873r776,563r468,998310,520225,060
Operating income55,820-405,62528,81550,735-106,683-406,780r-515,353r383,926414,866255,147
Interest expense5164,84710,42012,77014,47575,555r38,114r1,2534,93711,679
Interest and investment income·00-1,3603,630-2,785r4,167r2,486··
Share of profit of equity-method investments11,610-1,6373,297-498,431-26,217-7,634r5,974r8,5715,0761,192
Other income (expense), net········00
Income before income taxes216,120-227,516287,977634,574-77,58913,657r-94,742r368,623444,369256,923
Income tax expense16,42913,48518,85634,57525,74527,825r-20,098r69,48063,90940,402
Income from continuing operations222,514-146,236301,816128,891-115,860-18,741r-64,780···
Income from discontinued operations1,875,92100035,5671,391,638r574,592···
Net income including non-controlling interests2,087,222-242,638272,418101,568-93,9841,379,868r546,598r307,714385,536217,713
Net income to non-controlling interests·······-321,285··
Net income2,098,435-146,236301,816128,891-80,2931,372,897r509,812r·383,207219,491
Preferred dividends002,0004,0004,0004,000r4,000r669··
Net income to common shareholders2,097,048-147,624347,351119,465-89,5291,363,333r500,248r238,812··
Earnings per share, basic1.99-0.130.270.08-0.060.85r0.32r0.190.320.19
Earnings per share, diluted1.97-0.130.240.08-0.060.85r0.32r0.180.320.19
Weighted average shares, basic1,052,099,8641,157,854,5591,308,695,6421,439,390,1911,562,016,0011,600,199,7591,544,396,9201,280,847,7951,186,460,1441,127,343,312
Weighted average shares, diluted1,065,247,4961,157,854,5591,462,976,5441,645,448,4401,562,016,0011,600,199,7591,544,396,920r1,293,908,738r1,216,637,7411,216,111,329
As filed with the SEC, each figure from the newest report that carries it, and linked to it. Nothing here is computed.A dot is a line not tagged for that period. r restated by the company in a later report; b a share figure put on the newest basis or filed in the wrong unit. Hover a figure for its filing and note.
What each line is, and the XBRL concept behind it
Revenue what customers paid for what it soldus-gaap:RevenueFromContractWithCustomerIncludingAssessedTax
us-gaap:Revenues
Provision for credit losses set aside for loans that may not be repaidus-gaap:ProvisionForLoanLeaseAndOtherLosses
Cost of revenue what it cost to make or buy what it soldus-gaap:CostOfRevenue
Gross profit revenue less the cost of what it soldus-gaap:GrossProfit
Research and development spent on inventing what it sells nextus-gaap:ResearchAndDevelopmentExpense
Sales and marketing the cost of finding and serving customersus-gaap:SellingAndMarketingExpense
General and administrative the cost of running the company itselfus-gaap:GeneralAndAdministrativeExpense
Total operating expenses the running costs togetherus-gaap:OperatingExpenses
Operating income profit from running the business, before interest and taxus-gaap:OperatingIncomeLoss
Interest expense what its borrowing costus-gaap:InterestExpenseNonoperating
us-gaap:InterestExpense
Interest and investment income what its cash and investments earnedus-gaap:InvestmentIncomeNet
Share of profit of equity-method investments its share of companies it partly ownsus-gaap:IncomeLossFromEquityMethodInvestments
Other income (expense), net gains and costs outside the businessus-gaap:OtherNonoperatingIncomeExpense
Income before income taxes profit before taxus-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
Income tax expense tax charged on the period's profitus-gaap:IncomeTaxExpenseBenefit
Income from continuing operations profit from the businesses it keepsus-gaap:IncomeLossFromContinuingOperations
Income from discontinued operations profit or loss from businesses it sold or closedus-gaap:IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
us-gaap:IncomeLossFromDiscontinuedOperationsNetOfTax
Net income including non-controlling interests the whole group's profit, minority holders' share includedus-gaap:ProfitLoss
Net income to non-controlling interests the share that belongs to minority holdersus-gaap:NetIncomeLossAttributableToNoncontrollingInterest
Net income the profit or loss that belongs to the company's shareholdersus-gaap:NetIncomeLoss
Preferred dividends paid to preferred holders before common shareholdersus-gaap:PreferredStockDividendsIncomeStatementImpact
Net income to common shareholders what is left for common shareholdersus-gaap:NetIncomeLossAvailableToCommonStockholdersBasic
Earnings per share, basic net income per share outstandingus-gaap:EarningsPerShareBasic
Earnings per share, diluted net income per share, counting every share that could be issuedus-gaap:EarningsPerShareDiluted
Weighted average shares, basic the average count of shares outstandingus-gaap:WeightedAverageNumberOfSharesOutstandingBasic
Weighted average shares, diluted the average count with every share that could be issuedus-gaap:WeightedAverageNumberOfDilutedSharesOutstanding
SI Assistanton JOYY · research, not advice