JOYY Inc. Reports Q4 Loss Amid Revenue Decline

JOYY Inc. faces a challenging fourth quarter, reporting a significant net loss and declining revenues. Investors should note these trends to assess potential impacts on stock performance.

Date: 20-03-2025

AI Rating: 4

Overview of Financial Performance: JOYY Inc. has reported a substantial net loss of $304.50 million for the fourth quarter of 2024, a stark contrast to the profit of $45.49 million recorded during the same period last year. This shift indicates a deteriorating financial situation for the company.

Net Revenues: The total net revenues decreased to $549.45 million, down from $569.84 million a year ago. This decline in revenue growth highlights potential challenges in the company’s operational performance and may deter investors.

Net Income and Adjusted Profit: While JOYY reported a net loss on an overall basis, it did present an adjusted profit of $71.08 million for the quarter, compared to $45.84 million from the previous year. This shows that when excluding certain impairments, the company is able to generate profit, although the overall financial outlook is still weak.

Future Outlook: Looking ahead, JOYY projects net revenues of between $482 million and $490 million for the first quarter of 2025. The expectation of decreased revenues compared to the last quarter suggests ongoing financial pressure for the company.

Share Repurchase Program: JOYY repurchased 1.90 million ADS for $65.5 million during the quarter, indicating a strategy to support its share price, and it announced a potential buyback of up to $400 million by the end of November this year. This action may signal management's belief in the company's long-term value.

Stocks: YY