JOYY Inc. Reports Q1 2025 Results Amid Revenue Decline

JOYY Inc. reveals its Q1 2025 earnings with revenues of $494.4 million and a slight increase in net income to $45.4 million, despite a significant year-over-year revenue decline. Investors eye the company's preparations for future growth, especially in non-livestreaming segments.

Date: 27-05-2025

AI Rating: 6

Key Financial Insights
JOYY Inc. has reported Q1 2025 net revenues of $494.4 million, experiencing a decline compared to $564.6 million in Q1 2024. However, net income from continuing operations increased slightly to $45.4 million from $45.3 million year-over-year, indicating stable profitability amidst challenges.

Earnings Per Share (EPS)
The diluted net income from continuing operations per ADS for Q1 2025 was $0.84, an improvement from $0.69 in Q1 2024. This reflects the company's ability to maintain profit margins despite declining revenues.

Revenue Growth
While the overall revenue has decreased, it is noteworthy that non-livestreaming revenues grew by 25.3% year-over-year, accounting for nearly 25% of total revenues. This diversification hints at a successful strategic pivot that could mitigate risks associated with a declining core business.

Net Income and Profit Margins
JOYY's net income margin improved to 9.2% for Q1 2025, up from 8.0% in the same quarter last year, suggestive of improved operational management. The company's operational income margin also improved substantially, reaching 2.5% compared to 0.6% in Q1 2024, indicating enhanced efficiency.

Investor Confidence
The commitment to returning value to shareholders through a dividend of $0.94 per ADS and share repurchases totaling approximately $22.5 million demonstrates JOYY's confidence in its ongoing strategy. The forecast for Q2 2025 projects revenues between $499 million and $519 million, showing a slight recovery expectation despite the challenging environment.

Stocks: JOY