#USA #Singapore #BIGO #JOYY #Bigo Live

JOYY Reports First Quarter 2025 Financial Results

On May 26, 2025, JOYY Inc. (NASDAQ: JOYY), a prominent technology enterprise, disclosed its financial outcomes for the first quarter of 2025, revealing remarkable growth in various sectors of its business. The total revenue for the period reached an impressive $494.4 million, which included non-livestreaming revenues that grew by 25.3% year-over-year, amounting to $123.0 million. This notable growth reflects JOYY's commitment to diversifying its revenue streams and reinforcing its market position.

Financial Highlights

The financial figures underscore JOYY's successful strategy, with both GAAP and non-GAAP operating profits experiencing substantial year-over-year increases. The GAAP operating income reached $12.2 million, marking a remarkable 244.5% rise compared to $3.5 million in the first quarter of 2024, while the non-GAAP operating income grew by 24.9%, reaching $31.0 million. This sustained growth led to an operating margin increase, with GAAP operating margins at 2.5% and non-GAAP margins at 6.3%. JOYY's operating cash flow remained robust, standing at $58 million, supporting the company's ongoing initiatives.

In another demonstration of commitment to shareholder value, JOYY paid out dividends totaling $49.1 million in the first quarter and repurchased approximately $22.5 million worth of its shares between January and May 2025. CEO Ting Li remarked, "As we celebrate 20 years of operations, we have transitioned beyond a pure social entertainment platform. Our multi-faceted approach is yielding tangible results, particularly in our core livestreaming business, which is consistently profitable."

Business Segment Performance

The livestreaming segment brought in $371.3 million, with the BIGO division contributing significantly at $351.6 million. JOYY is focusing on optimizing its user acquisition strategies by enhancing advertising on high-quality paying users in core markets. Notably, the North American region for Bigo Live saw more than 7% growth in monthly active users (MAUs) year-over-year. Additionally, JOYY actively engaged in promoting user interaction during the Ramadan season, which proved effective in increasing regional user activity.

Ongoing product updates have also enhanced user experience with Bigo Live, such as improvements to its recommendation system and user interface, resulting in a 4% increase in average viewing time per user. Likee, another platform under JOYY, also made strides in diversifying its content library, achieving increased user engagement metrics during this quarter.

Advertising Revenue Growth

In parallel, JOYY's advertising services, particularly the BIGO Ads platform, experienced a 27% revenue increase. The success of BIGO Ads can be attributed to its solid local operations and an extensive user base, paired with industry-leading algorithms that drive effectiveness. This platform not only aids advertisers in reaching their target audiences but also enhances revenue opportunities for publisher partners through intelligent ad systems that utilize real-time optimizations and AI technologies.

Conclusion

Overall, JOYY Inc.'s first quarter of 2025 highlights a strategic shift toward revenue diversification and growth beyond traditional livestreaming. As the company pushes forward, advances in AI technology and user engagement strategies promise to strengthen its competitive stance in the market. JOYY is well-positioned to leverage its updated business models as it aims for continuous improvement and growth in the upcoming quarters.