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Sep 30, 2025
JOYY Q3 2025 Earnings Report
JOYY posted Q3 results showing sequential revenue growth, improved advertising momentum, and solid profitability.
Key Takeaways
JOYY reported Q3 2025 revenue of $540.2 million, driven by growth in both live streaming and advertising. Operating income reached $19.6 million, while net income hit $62.0 million. The company continued to optimize user engagement and ad monetization with AI-powered initiatives.
Revenue grew to $540.2 million, up from $507.8 million in Q2 2025.
Live streaming revenue rose to $388.5 million, with BIGO contributing $367.7 million.
Net income attributable to controlling interest was $62.0 million.
BIGO Ads revenue climbed to $103.9 million, reflecting growing traction of AI-driven ad tech.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
JOYY expects Q4 2025 revenues between $563 million and $578 million, reflecting confidence in continued advertising growth and live streaming stabilization.
Positive Outlook
- Q4 revenue guidance reflects potential sequential growth.
- Strong advertiser demand and SDK expansion in BIGO Ads.
- AI-enhanced features driving user engagement and monetization.
- Cost control measures supporting operating margin improvements.
- Continued dividend payouts and share repurchases indicate shareholder confidence.
Challenges Ahead
- Revenue in Middle East and Mainland China declined YoY.
- MAUs declined YoY despite sequential improvement.
- Gross margin slightly down from Q2 and YoY.
- Advertising growth heavily reliant on BIGO platform.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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