JOYY(US:JOYY) Prnewswire·2026-03-11 02:21Core Insights - JOYY Inc. reported a total revenue of US$581.9 million for Q4 2025, marking a 5.9% year-over-year growth and a 7.7% quarter-over-quarter increase, indicating a return to revenue growth [1] - Livestreaming revenue reached US$394.4 million, up 1.5% quarter-over-quarter, while BIGO Ads revenue surged 61.5% year-over-year to US$128.1 million [1] - For the full year 2025, total revenue was US$2.12 billion, with livestreaming contributing US$1.53 billion and BIGO Ads contributing US$398.5 million, reflecting a 38.5% year-over-year growth [1] Financial Performance - Non-GAAP operating income for Q4 2025 was US$40.8 million, with non-GAAP EBITDA at US$189.8 million for the full year, both showing over 10% growth year-over-year [1] - Operating cash flow for Q4 totaled US$116.0 million, and the company held US$3.26 billion in net cash as of December 31, 2025 [1] - JOYY distributed approximately US$332.0 million in dividends and share repurchases throughout 2025, with an additional cash dividend of US$20 million planned for Q1 2026 [1] Business Highlights - JOYY's social entertainment business achieved its third consecutive quarter of sequential growth, with global average mobile MAUs reaching 272.1 million, up 2.2% quarter-over-quarter [1] - Bigo Live launched its first all-live reality show in North America, resulting in a 3% organic DAU spike during the event [2] - BIGO Ads recorded revenue of US$128.1 million in Q4, up 61.5% year-over-year, driven by broader traffic coverage and ongoing algorithm optimization [2] Advertising and User Engagement - Third-party Audience Network ad revenues grew 82.5% year-over-year, with significant increases in both web-based and mobile-based demand [2] - The number of key accounts for BIGO Ads increased by 29%, with total spending from these accounts rising 34% quarter-over-quarter [2] - User adoption of AI-generated virtual gifts on Bigo Live surpassed 30% of total virtual gift consumption as of January 2026 [2]