Loading...
•
Dec 31, 2024
JOYY Q4 2024 Earnings Report
JOYY reported its Q4 2024 results, showing a decrease in revenue and a significant net loss due to a large goodwill impairment charge, although non-GAAP income showed growth.
Key Takeaways
JOYY's Q4 2024 revenue declined to $549.4 million, with a net loss of $304.1 million, mainly due to a $454.9 million goodwill impairment. However, non-GAAP net income rose to $96.1 million and adjusted diluted EPS reached $1.77, reflecting strong underlying performance despite challenges.
Revenue for Q4 2024 was $549.4 million, down from $569.8 million year-over-year.
Net loss attributable to controlling interest was $304.1 million due to a $454.9 million non-cash goodwill impairment charge.
Non-GAAP net income rose to $96.1 million, up from $64.2 million in Q4 2023.
Live streaming revenues declined to $422.4 million, while other revenues grew 51.9% to $127 million.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
For Q1 2025, JOYY expects net revenues between $482 million and $490 million, reflecting cautious outlook amid macroeconomic uncertainties.
Positive Outlook
- Strong commitment to operational efficiency.
- Continued growth in non-livestreaming revenues.
- Repurchased 9.21 million ADSs during 2024, returning shareholder value.
- AI-driven innovation to improve platform experience.
- Focus on deepening market penetration globally.
Challenges Ahead
- Revenue expected to decline sequentially in Q1 2025.
- Macroeconomic uncertainties may impact user spending.
- Decline in paying users and ARPPU observed in Q4 2024.
- Live streaming revenue faces downward pressure.
- Sustained reduction in marketing spending could affect user growth.
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
Loading earnings performance data...
Loading earnings reaction data...