Joyy vs Hello Group
Joyy is the larger business, with $2.12bn of revenue in fiscal 2025 against $1.48bn for Hello Group (1.4 times as much). Hello Group grew faster (2.4% against -5.1%). Joyy kept more of each dollar of sales as profit: a net margin of 98.8% against 7.8%. Hello Group carries less debt relative to equity (0.0% against 0.2%).
| Latest fiscal year | JoyyJOYY, 2025 | Hello GroupMOMO, 2025 |
|---|---|---|
| Revenue | $2.12bn | $1.48bn |
| Revenue growth | -5.1% | 2.4% |
| Net income | $2.10bn | $115m |
| Operating margin | 2.6% | 13.1% |
| Net margin | 98.8% | 7.8% |
| Return on equity | 37.3% | 7.3% |
| Free cash flow | $159m | $98.8m |
| Cash | $374m | $761m |
| Total debt | $10.7m | $448,000 |
| Debt to equity | 0.2% | 0.0% |
| Dividend per share | — | — |
| Dividend yield | 3.7% | 6.6% |
| Share buybacks | $133m | $107m |
| Employees | — | — |
| Market value | $4.21bn | $747m |
| Price vs our value range | Within our value range | Below our value range |
| Moat score | — | — |
| Insider trades, 12 months | 0 buys, 0 sales | 0 buys, 1 sales |