JOYY Inc. Earnings Call Transcripts
Fiscal Year 2025
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Q4 2025 saw revenue up 7.7% QoQ and 5.9% YoY, with strong growth in live streaming and AdTech. 2026 guidance calls for 8.8–10.9% YoY revenue growth, double-digit gains across all segments, and continued robust shareholder returns.
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Q3 2025 saw 6.4% sequential revenue growth to $540M, with live streaming and AdTech both delivering strong results. Guidance points to continued revenue and profit growth into 2026, supported by robust cash flow, active share buybacks, and expanding AdTech and SaaS businesses.
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Q2 2025 saw revenue rise 2.7% QoQ to $507.8M, with non-GAAP operating profit up 27.9% YoY and advertising revenue surging 29% YoY. Live streaming stabilized, while ad tech became a key growth engine. Guidance points to continued sequential recovery and double-digit ad growth.
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Q1 2025 saw revenues of $494.4M and non-GAAP operating profit of $31M, with non-live streaming revenue up 25% year-over-year. Advertising and SaaS businesses are accelerating, while live streaming is stabilizing, and shareholder returns remain a priority.
Fiscal Year 2024
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Q4 2024 saw strong non-GAAP profit growth and robust non-live streaming revenue, with developed markets driving expansion. Shareholder returns were prioritized through significant buybacks and a new dividend program, while 2025 guidance anticipates continued double-digit growth in non-live streaming and improving profitability.
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Q3 2024 saw $558.7M in revenue, with strong growth in non-live streaming and advertising, especially in developed markets. Profitability improved, and share repurchases continued, while guidance anticipates stable to moderate growth amid ongoing product adjustments.
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Leadership transitioned to Ting Li, with strategic focus on globalization and operational efficiency. Q2 revenue grew 3.3% year-over-year, driven by BIGO and strong advertising, while share repurchases continued. Q3 guidance anticipates stable revenues amid ongoing product optimizations.