Exhibit 99.1 JOYY Reports Second Quarter 2025 Unaudited Financial Results Singapore, August 27, 2025 (GLOBE NEWSWIRE) -- JOYY Inc. (NASDAQ: JOYY) ("JOYY" or the "Company"), a global technology company, today announced its unaudited financial results for the second quarter of 2025. Second Quarter 2025 Financial Highlights Second Quarter 2025 Operational Highlights Ms. Ting Li, Chairperson and Chief Executive Officer of JOYY, commented, "In the second quarter of 2025, we delivered a solid performance as our l ...

Group 1 - The core revenue of JOYY Group reached $507.8 million in Q2 2025, with a quarter-on-quarter growth of 2.7%, driven by a 1.1% increase in live streaming revenue to $375 million and a remarkable 25.6% year-on-year growth in non-live streaming business, which now accounts for 26.1% of total revenue [1][3] - Adjusted EBITDA for the quarter was $48.2 million, reflecting a year-on-year increase of 25.7%, while adjusted net profit reached $77 million, up 3.9% year-on-year [1][5] - The company reported a net cash reserve of $3.3 billion and an operating cash flow of $57.6 million as of June 30, showcasing strong financial resilience [1] Group 2 - The live streaming business remains stable, with BIGO's core products showing quarter-on-quarter revenue growth, particularly in Europe (6.5%) and Southeast Asia (3.9%) [3] - AI technology is identified as a key growth driver, enhancing communication efficiency in live streaming and improving advertising effectiveness through deep user intent recognition and automated decision-making [3][5] - BIGO Ads platform saw a revenue increase of approximately 29% year-on-year and 9% quarter-on-quarter, with significant growth in North America (24.2% half-year on half-year) [3][5] Group 3 - The company has repurchased and distributed $135 million in dividends in the first half of 2025, with plans to return approximately $900 million to shareholders over the next three years through dividends and buybacks [4][5] - The non-GAAP operating profit increased by 23.6% quarter-on-quarter to $38.3 million, driven by an increase in BIGO's gross margin to 35.6% and a higher proportion of high-margin advertising business [5] - Looking ahead, the company aims to deepen the application of AI technology and optimize global traffic operations to promote the synergy between live streaming and advertising technology [5]

Core Insights - JOYY Inc. reported Q2 2025 revenue of $508 million, a quarter-over-quarter increase of 2.7% [2] - Live streaming revenue reached $375.4 million, with a quarter-over-quarter growth of 1.1% [2] - Non-live business revenue grew significantly, with a year-over-year increase of 25.6%, contributing to 26.1% of total revenue, up 7.4 percentage points year-over-year [2] Financial Performance - Adjusted EBITDA for Q2 2025 was $48.2 million, reflecting a year-over-year increase of 25.7% and a quarter-over-quarter increase of 19.3% [2] - Adjusted net profit for the quarter was $77 million, showing a year-over-year growth of 3.9% [2] - Operating cash flow for the quarter amounted to $57.6 million [2] Shareholder Returns - The company actively returned value to shareholders, with a total of $135 million spent on share buybacks and dividends in the first half of 2025 [2]

Core Insights - JOYY Inc. reported Q2 2025 revenue of $508 million, a quarter-over-quarter increase of 2.7% [1] - Live streaming revenue reached $375.4 million, with a quarter-over-quarter growth of 1.1% [1] - Non-live business revenue grew by 25.6% year-over-year, contributing 26.1% to total revenue, an increase of 7.4 percentage points year-over-year [1] Financial Performance - Adjusted EBITDA for Q2 2025 was $48.2 million, reflecting a year-over-year increase of 25.7% and a quarter-over-quarter increase of 19.3% [1] - Adjusted net profit for the quarter was $77 million, showing a year-over-year growth of 3.9% [1] - Operating cash flow remained robust at $57.6 million [1] Shareholder Returns - The company returned $135 million to shareholders through buybacks and dividends from January 1 to June 30, 2025 [1]

Core Viewpoint - JOYY Inc. reported strong financial results for Q2 2025, showcasing growth in both livestreaming and non-livestreaming revenues, alongside a robust cash position and shareholder returns strategy [2][3][4]. Financial Performance - JOYY's revenue for Q2 2025 was US$507.8 million, reflecting a 2.7% increase quarter-over-quarter [2][8]. - Livestreaming revenue reached US$375.4 million, with BIGO livestreaming contributing US$355.3 million, both showing sequential growth [6]. - Non-GAAP EBITDA was US$48.2 million, marking a 25.7% year-over-year increase [8]. - GAAP net profit was US$60.8 million, up 16.8% year-over-year, while non-GAAP net profit was US$77.0 million, a 3.9% increase year-over-year [2][8]. - Operating cash flow for the quarter was US$57.6 million, and the company maintained US$3.3 billion in net cash as of June 30, 2025 [2]. Shareholder Returns - From January 1, 2025, to June 30, 2025, JOYY allocated US$135 million to dividends and share buybacks [3]. - The company has a three-year quarterly dividend policy totaling approximately US$600 million and a share repurchase program of up to US$300 million from 2025 to 2027 [3]. Business Highlights - The non-livestreaming revenue segment accounted for 26.1% of total revenues, with BIGO Ads growing approximately 29% year-over-year [10]. - JOYY's global average mobile MAUs were 262.5 million, with Bigo Live's MAUs increasing by 2.3% quarter-over-quarter [7][11]. - The number of paying users for BIGO's livestreaming grew by 3.7% quarter-over-quarter, driven by enhanced content quality and user experience [9]. Advertising Business - BIGO Ads demonstrated significant growth potential, with daily transaction volumes reaching record levels across various channels [12]. - North America saw approximately 24.2% growth in the first half of 2025 compared to the second half of 2024, while Europe experienced high single-digit percentage growth quarter-over-quarter [13]. - JOYY's proprietary user data and algorithm capabilities provide a competitive advantage in developing specialized models tailored to different markets [14][15].

Financial Data and Key Metrics Changes - The company recorded total revenue of $507.8 million, representing a quarter-over-quarter growth of 2.7% [26][27] - Non-GAAP operating profit reached $38.3 million, up by 27.9% year-over-year [27][32] - Non-GAAP EBITDA for the quarter was $48.2 million, growing 25.7% year-over-year [27][32] - The group maintained a strong net cash position of $3.3 billion as of June 30, 2025 [6][33] Business Line Data and Key Metrics Changes - Live streaming revenue was $375.4 million, with BIGO's segment contributing $355.3 million, both stabilizing quarter-over-quarter [13][28] - Non-live streaming revenue reached $132.4 million, up by 25.6% year-over-year, now contributing 26.1% of total revenues [29] - BIGO's non-live streaming revenues, primarily from advertising, increased by 29% year-over-year [29] Market Data and Key Metrics Changes - Live streaming revenue from developed countries increased by 3.4% quarter-over-quarter, while Southeast Asia saw a 2.1% increase [28] - The advertising business achieved $87 million in revenue, representing a 29% year-over-year growth and 9% quarter-over-quarter growth [18][29] Company Strategy and Development Direction - The company is focused on high-quality operations, sustainable growth, AI-driven innovation, and organizational vitality as key pillars for growth [7][9] - The advertising business is positioned as a second major growth engine, with plans for expansion in North America, Japan, and Europe [22][23] - The company aims to leverage AI to enhance user engagement and improve advertising algorithms [10][11] Management Comments on Operating Environment and Future Outlook - Management expressed confidence in the recovery of the live streaming business, expecting continued sequential growth in the second half of the year [41][43] - The advertising segment is anticipated to maintain double-digit year-over-year growth, particularly as it enters a peak season [43] - The company expects consolidated operating profit to continue improving, benefiting shareholders with long-term profitable growth [24][34] Other Important Information - The company returned $49.4 million to shareholders through dividends and repurchased $36.5 million worth of shares [33] - The introduction of non-GAAP EBITDA is aimed at providing a clearer picture of operational performance and cash flow generation [46] Q&A Session Summary Question: Long-term development trend for the live streaming business - Management noted that Q1 was a bottom point due to seasonality and app removals, with Q2 showing sequential recovery driven by growth in paying users [39][40] Question: Group level revenue outlook for the second half - Management expects continued sequential recovery in live streaming and strong growth in non-live streaming revenue, particularly from advertising [41][43] Question: Consideration behind the addition of non-GAAP EBITDA - The company believes EBITDA is a core operating metric that better reflects cash flow generation capabilities and allows for better peer comparison [46] Question: Trend in operating expenses and profit outlook for the second half - Management anticipates steady improvement in non-GAAP operating profit and EBITDA, with some seasonal fluctuations in operating expenses [50]

Financial Data and Key Metrics Changes - The company recorded total revenue of $507.8 million, representing a quarter-over-quarter growth of 2.7% [31] - Non-GAAP operating profit reached $38.3 million, up 27.9% year-over-year, while non-GAAP EBITDA was $48.2 million, growing 25.7% year-over-year [32][38] - The company maintained a strong net cash position of $3.3 billion as of June 30, 2025 [39] Business Line Data and Key Metrics Changes - Live streaming revenue was $375.4 million, with BIGO's segment contributing $355.3 million, both stabilizing quarter-over-quarter [33] - Non-live streaming revenue was $132.4 million, up 25.6% year-over-year, now contributing 26.1% of total revenues, compared to 18.7% in the same period last year [34] - BIGO's non-live streaming revenues, primarily from advertising, increased by 29% year-over-year and 8.9% quarter-over-quarter [34] Market Data and Key Metrics Changes - Live streaming revenue from developed countries increased by 3.4% quarter-over-quarter, while revenue from Southeast Asia rose by 2.1% [33] - The advertising business achieved $87 million in revenue, representing 29% year-over-year growth and 9% quarter-over-quarter growth [21] Company Strategy and Development Direction - The company is focusing on high-quality operations, sustainable growth, AI-driven innovation, and organizational vitality as key pillars for future growth [10] - The advertising business is positioned as a second major growth engine, with plans for expansion in North America, Japan, and Europe [25][26] - The company aims to leverage AI to enhance user engagement and improve advertising algorithms [12][13] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the recovery of the live streaming business, expecting continued sequential growth in the second half of the year [48] - The advertising segment is anticipated to maintain double-digit year-over-year growth, particularly as it enters a peak season [50] - Overall, the company expects consolidated operating profit to continue improving, benefiting shareholders with long-term profitable growth [28][40] Other Important Information - The company returned $49.4 million to shareholders through dividends and repurchased $36.5 million of shares during the year [39] - The introduction of non-GAAP EBITDA is aimed at providing a clearer picture of operational performance and cash flow generation [54] Q&A Session Summary Question: Long-term development trend for the live streaming business and second half outlook - Management noted that Q1 was a bottom for live streaming revenue, with Q2 showing sequential recovery driven by growth in paying users, particularly in developed countries [45][46] - For the second half, management expects continued recovery in live streaming revenue and strong growth in non-live streaming revenue due to advertising peak season [50] Question: Consideration behind the addition of non-GAAP EBITDA - Management explained that EBITDA is a core operating metric that excludes non-operational factors, providing a better proxy for cash flow generation and peer comparison [53] Question: Trend in operating expenses and profit outlook for the second half - Management indicated that while operating expenses may slightly widen, significant year-over-year improvement is expected, with overall non-GAAP operating profit and EBITDA showing an improving trend [56] Question: Drivers behind the robust growth of the advertising business - Management highlighted technical optimizations in algorithms and market opportunities as key drivers, along with proprietary data assets and synergies across business segments [58][62]

Financial Data and Key Metrics Changes - The company recorded total revenue of $507.8 million, representing a quarter-over-quarter growth of 2.7% [31] - Non-GAAP operating profit reached $38.3 million, up 27.9% year-over-year, while non-GAAP EBITDA was $48.2 million, growing 25.7% year-over-year [32][38] - The company maintained a strong net cash position of $3.3 billion as of June 30, 2025 [39] Business Line Data and Key Metrics Changes - Live streaming revenue was $375.4 million, with BIGO's segment contributing $355.3 million, both stabilizing quarter-over-quarter [33] - Non-live streaming revenue reached $132.4 million, up 25.6% year-over-year, now contributing 26.1% to total revenues, compared to 18.7% in the same period last year [34] - BIGO's advertising revenue was $87.4 million, reflecting a 29% year-over-year growth and 9% quarter-over-quarter growth [21] Market Data and Key Metrics Changes - Live streaming revenue from developed countries increased by 3.4% quarter-over-quarter, while Southeast Asia saw a 2.1% increase [33] - The advertising business is expanding in North America and Europe, with significant growth in daily transaction volumes and advertiser demand [22][24] Company Strategy and Development Direction - The company is focusing on high-quality operations, sustainable growth, AI-driven innovation, and organizational vitality as key pillars for future growth [10] - The advertising business is positioned as a second major growth engine, with plans for expansion in North America, Japan, and Europe [25][26] - The company aims to leverage its tech infrastructure and data capabilities to establish a competitive edge in the ad tech industry [40] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the recovery of the live streaming business, expecting continued sequential growth in the second half of the year [49] - The advertising segment is anticipated to maintain double-digit year-over-year growth, particularly as it enters a peak season [50] - The company expects consolidated operating profit to improve, benefiting shareholders with long-term profitable growth [28][40] Other Important Information - The company returned $49.4 million to shareholders through dividends and repurchased $36.5 million of shares during the year [39] - The introduction of non-GAAP EBITDA is aimed at providing a clearer picture of operational performance and cash flow generation [54] Q&A Session Summary Question: Long-term development trend for the live streaming business and second half outlook - Management noted that Q1 was a bottom for live streaming revenue, with Q2 showing recovery driven by growth in paying users, particularly in developed countries [45][46] - They expect continued sequential recovery in the second half, supported by operational activities and new product contributions [48][50] Question: Consideration behind the addition of non-GAAP EBITDA - Management explained that EBITDA is a core operating metric that excludes non-operational factors, providing a better proxy for cash flow generation and peer comparison [53] Question: Trend in operating expenses and profit outlook for the second half - Management indicated that while operating expenses may slightly widen, significant year-over-year improvement is expected [56] Question: Drivers behind the robust growth of the advertising business - Management highlighted technical optimizations and market opportunities as key drivers, along with proprietary data assets and synergies across business segments [58][62]

Core Insights - JOYY reported Q2 2025 net revenue of $507.8 million, a 10% year-over-year decline [1] - Non-GAAP net profit attributable to JOYY's shareholders was $77 million, up from $74 million in the same period last year, with diluted earnings per ADS at $1.44 compared to $1.17 [1] - Q2 live streaming revenue was $375.4 million, down 18% from $459.7 million year-over-year, while other business revenue increased by 25.6% to $132.4 million [1] User Metrics - Global average monthly active users (MAU) were 262.5 million, down from 275.2 million year-over-year [1] - BigoLive's average mobile MAU decreased to 29.6 million from 37.7 million [1] - Likee's average mobile MAU fell to 28.5 million from 35.6 million, and Hago's average mobile MAU dropped to 3 million from 4.4 million [1] Paid Users and Revenue Metrics - Total paid users for BIGO (including BigoLive, Likee, and imo) were 1.5 million, down from 1.66 million year-over-year [1] - Average revenue per paid user (ARPPU) for BIGO was $215.2, compared to $233.5 in the previous year [1] Future Outlook - JOYY expects Q3 2025 revenue to be between $525 million and $539 million [2]

Core Insights - JOYY Inc. reported Q2 2025 revenue of $508 million, a quarter-over-quarter increase of 2.7% [1] - Live streaming revenue reached $375.4 million, with a quarter-over-quarter growth of 1.1% [1] - Non-live business revenue grew significantly, with a year-over-year increase of 25.6%, now accounting for 26.1% of total revenue, up 7.4 percentage points year-over-year [1] Financial Performance - Adjusted EBITDA for Q2 2025 was $48.2 million, reflecting a year-over-year growth of 25.7% and a quarter-over-quarter increase of 19.3% [1] - Adjusted net profit for the quarter was $77 million, showing a year-over-year increase of 3.9% [1] - Operating cash flow for the quarter amounted to $57.6 million [1] Shareholder Returns - The company returned $135 million to shareholders through buybacks and dividends from January 1 to June 30, 2025 [1]