Joyy vs Weibo
Joyy is the larger business, with $2.12bn of revenue in fiscal 2025 against $1.76bn for Weibo (1.2 times as much). Weibo grew faster (0.1% against -5.1%). Joyy kept more of each dollar of sales as profit: a net margin of 98.8% against 25.6%. Joyy carries less debt relative to equity (0.2% against 53.5%).
| Latest fiscal year | JoyyJOYY, 2025 | WeiboWB, 2025 |
|---|---|---|
| Revenue | $2.12bn | $1.76bn |
| Revenue growth | -5.1% | 0.1% |
| Net income | $2.10bn | $449m |
| Operating margin | 2.6% | 26.5% |
| Net margin | 98.8% | 25.6% |
| Return on equity | 37.3% | 12.1% |
| Free cash flow | $159m | $477m |
| Cash | $374m | $2.30bn |
| Total debt | $10.7m | $2.10bn |
| Debt to equity | 0.2% | 53.5% |
| Dividend per share | — | — |
| Dividend yield | 3.7% | 12.6% |
| Share buybacks | $133m | — |
| Employees | — | — |
| Market value | $4.21bn | $1.54bn |
| 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, 0 sales |