JOYY Reports Second Quarter 2025 Financial Results: Ad Tech Business Gained Momentum, with Non-livestreaming Revenue Growing 25.6% YoY

SINGAPORE, Aug. 26, 2025 /PRNewswire/ -- JOYY Inc. (NASDAQ:JOYY) ("JOYY" or the "Company"), a global leading technology company, announced its unaudited financial results for the second quarter of 2025.

In the second quarter of 2025, JOYY's revenue reached US$ 507.8 million, representing 2.7% quarter-over-quarter growth. Its livestreaming revenue grew 1.1% quarter over quarter, while non-livestreaming revenue achieved 25.6% year-over-year growth, contributing 26.1% of total revenues. The Company's non-GAAP1 EBITDA reached US$48.2 million, growing by 25.7% year over year and 19.3% quarter over quarter. JOYY's GAAP and non-GAAP1 net profit in the second quarter increased approximately 16.8% and 3.9% year-over-year to US$60.8 million and US$77.0 million, respectively. Operating cash flow reached US$57.6 million in the second quarter. As of June 30, 2025, JOYY maintained US$3.3 billion in net cash on the balance sheet, a sign of the Company's strong financial resilience.

JOYY continued to deliver competitive, consistent shareholder returns. From January 1, 2025 through June 30, 2025, the Company has allocated US$135 million to quarterly dividends and share buybacks.

The Company previously announced a three-year quarterly dividend policy with a total amount of approximately US$600 million, and a share repurchase program under which the company may repurchase up to US$ 300 million worth of shares, from 2025 to 2027.

Ms. Ting Li, Chairperson and Chief Executive Officer of JOYY, commented, "Our multi-engine growth strategy yielded positive results, as evidenced by the impressive revenue growth of BIGO Ads. We are making substantial progress on all fronts, including expansion of our traffic, and rising advertiser demand across channels and verticals. As we grow in scale, we are accelerating the training and optimization of our algorithms to further improve our campaign performance and ROI, which we believe in turn will drive further growth in advertisers' demand and publisher traffic, fostering a self-reinforcing strategic flywheel. With our global operational capabilities, tech infrastructure, and vibrant ecosystem, we are confident in building a meaningful and lasting presence in the advertising technology industry while delivering sustained, ...