The stock may react positively to the return of quarterly revenue growth and strong advertising momentum, but traders should monitor the Q1 2026 guidance range, which implies a sequential decline, and the sustainability of the live streaming recovery.
Price Chart
Executive Summary
JOYY reported mixed Q4 and full-year 2025 results, with quarterly revenue up 5.9% YoY to $581.9 million, driven by a 62.4% surge in advertising revenue. However, full-year revenue declined 5.1% to $2.12 billion due to a significant drop in live streaming. The company returned $332 million to shareholders and issued an additional dividend, signaling confidence in its turnaround.
Key Financial Metrics
Key Facts
- Q4 2025 revenue: $581.9 million, up 5.9% YoY and 7.7% QoQ
- Full-year 2025 revenue: $2.12 billion, down 5.1% from $2.24 billion in 2024
- Live streaming revenue down 6.4% YoY for the year to $1.53 billion
- Advertising revenue up 37.1% for the year to $442.7 million, with BIGO Ads up 38.5%
- Non-GAAP net income for the year: $282.8 million, down from $298.5 million in 2024
- Company returned $332 million to shareholders in 2025 via buybacks and dividends
- Guidance for Q1 2026: revenue between $538 million and $548 million
Financial Impact
Revenue growth in advertising (+37.1% YoY) partially offsetting live streaming decline (-14.4% YoY for the year), resulting in a 5.1% overall revenue decrease for 2025
Risk Factors
- Q1 2026 revenue guidance suggests a potential sequential decline of 6-7%
- Full-year 2025 revenue still down despite Q4 improvement
- Live streaming remains under pressure, down 14.4% YoY for the year
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3253443 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 26, 2026 8w ago | 6-K | $74.81 $79.70 | ▲ +6.54% | ▲ +6.31% | $83.35 (+11.42%) |
Aug 25, 2026 8w ago | Press Release | $74.81 $79.70 | ▲ +6.54% | ▲ +6.31% | $83.35 (+11.42%) |
Aug 25, 2026 8w ago | Press Release | $74.81 $79.70 | ▲ +6.54% | ▲ +6.31% | $83.35 (+11.42%) |
Aug 14, 2026 10w ago | Press Release | $73.02 $77.18 | ▲ +5.70% | ▲ +7.69% | $83.35 (+14.15%) |
Jun 30, 2026 16w ago | Press Release | $65.99 $74.80 | ▲ +13.35% | ▲ +14.38% | $83.35 (+26.31%) |
May 26, 2026 21w ago | 6-K | $64.09 $65.87 | ▲ +2.78% | ▲ +4.73% | $83.35 (+30.05%) |
May 25, 2026 22w ago | Press Release | $64.09 $65.87 | ▲ +2.78% | ▲ +4.73% | $83.35 (+30.05%) |
May 15, 2026 23w ago | Press Release | $56.33 | awaiting T+20 | — | $83.35 (+47.97%) |
Apr 28, 2026 25w ago | Press Release | $57.53 $64.09 | ▲ +11.40% | ▲ +5.93% | $83.35 (+44.88%) |
Apr 28, 2026 25w ago | 20-F | $57.53 $64.09 | ▲ +11.40% | ▲ +5.93% | $83.35 (+44.88%) |
US Market Status
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