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Joyy Inc. (JOYY) stock

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NASDAQ: JOYY Nasdaq Interactive Media & Services Next results ~November 18, 2026

C+ Fundamentals grade

Joyy Inc. is a US-listed company in the interactive media & services industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

~$87

Cash-flow model

Base case. Range ~$70–$110 across our lower- and higher-growth cases (-3%–7% a year).

Price vs value

Modestly undervalued

The price is inside our value range, 9% below our base value.

Price used: $79.33, November 2, 2026

Joyy Inc. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Funds80 adding, 97 cuttingOf 32 active managers that changed their stake, 18 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Joyy files

Where Joyy stands after its latest Filing

Revenue for the twelve months was $2.12bn, down 5.1% on a year earlier, a steeper fall than the 1.3% decline a quarter earlier. Free-cash-flow margin rose to 7.5% from 5.3% a year earlier. Operating margin widened to 2.6% from -4.1%. The diluted share count is down 8.0% on a year earlier, which lifts each remaining share. Against its peers on growth, profitability, cash generation and balance sheet, it grades C+. It passes 3 of our 3 financial-health checks. Our cash-flow model value is $87.49 a share, against a share price of $80.32. At that price, our model says the market is pricing in about 0.1% a year of cash-flow growth for five years, close to the 0.9% a year revenue growth it has delivered.

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 18, 2026 (estimated)

Joyy Inc.'s trailing-twelve-month revenue fell 5.1% year on year, with a free-cash-flow margin of 7.5%. Where it stands out: net margin of 98.8% ranks 1 of 63 interactive media & services companies we cover.

Our discounted-cash-flow model values the business at ~$87 per share in the base case (~$70–$110 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Net margin expanding: TTM net margin reached 98.8%, up 105.3pp year over year.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Margins widening. Operating margin is up 20.8 points on a year ago.
  • Shrinking share count. Diluted shares fell 8.0% in a year, so each share owns more of the business.
  • Net cash. Cash exceeds long-term debt by $0.4bn.

Things to watch

  • Revenue shrinking. Revenue fell 5.1% over the last 12 months.
  • Growth easing. The growth rate is 3.7 points lower than a quarter earlier.
  • Weak cash conversion. Free cash flow was 8% of net income over the last 12 months.
  • Below peers: gross margin. Gross margin of 35.9% ranks 43 of 54 interactive media & services companies we cover (median 60.9%).
  • Short interest rising. Shares sold short rose 18% in a month to 7.0% of tradable shares.

Latest results

Earnings per share
$1.24 against an average estimate of $1.20: beat by 3.1%
Next report
November 18, 2026; average EPS estimate $1.33

Joyy's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-1.2%
  • 1 week-4.4%
  • 1 month+0.2%
  • This year+32.7%
  • 1 year+44.9%
  • 5 years+105.1%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$2.1B
Operating margin
2.6%
Net margin
98.8%
EPS (TTM, diluted)
$39.40

Growth

Revenue growth
−5.1%
Change in growth rate
−3.7 pts
Share count change
−8.0%

Cash

Free cash flow (TTM)
$159M
FCF margin
7.5%
Stock pay % of revenue
1.2%

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

No recent updates are available for JOYY from the sources we follow. See filings →

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Joyy Inc. valuation models and calculator

What the price is pricing in

The share price implies cash flow shrinking about 0.3% a year for five years.That is close to the 0.9% a year revenue growth Joyy has delivered.

  • Priced in-0.3%
  • Last 12 months-5.1%
  • 3 years a year-4.1%
  • 5 years a year0.9%

Our cash-flow model with every input fixed except growth over the next five years, solved for the growth at which the model value equals the share price ($78.76, Nov 3, 2026). Cash-flow growth then fades to 2.5% a year; discount rate 8.5%. Delivered figures are revenue growth from SEC filings. This is a model exercise, not investment advice or a forecast of the share price. All companies

Fundamentalytics rating

model v1.6 · 2026-11-03
Hold12-month view
12-month price target
~$87
Price used
$78.76close November 3, 2026
Implied change
▲ +11%
Uncertainty
Low

How we got here: a discounted-cash-flow model of Joyy Inc.'s free cash flow after stock-based pay with after-tax interest added back ($224M, FY2025 Q4 TTM), growing 2% a year for five years and fading to 2.5%, discounted at 8.5%. Lower and higher growth cases span ~$70–~$110 ; that spread sets a 15% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Our value per share comes from a discounted-cash-flow model of Joyy Inc.'s free cash flow after stock-based pay ( $224M, FY2025 Q4 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation models

We value Joyy Inc. as an operating company, with every model that fits that kind of business. Cost of equity 8.9%: the 10-year Treasury yield (4.9%) plus a beta of 0.88 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$87 ~$70–$110 Primary model, counts double
Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. ~$56 ~$260–$750 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$110 ~$78–$170 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$110 ~$95–$130 Included
Combined value Weighted average of the models that apply: the primary model (cash-flow model (dcf)) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$91 ~$56–$110 4 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Joyy Inc. with Interactive Media & Services in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

What moves the value

  • Revenue growth 5 points lower ▼ −19%
  • Revenue growth 5 points higher ▲ +24%
  • Free-cash-flow margin 1 point lower ▼ −10%
  • Last year's free-cash-flow margin change, if it persists ▼ −20%
  • Discount rate 1 point higher ▼ −10%
Value per share under different assumptions
Discount rate ↓ / growth → −5% growth0% growth5% growth10% growth15% growth20% growth
7% $78$100$129$167$216$280
8.5% $64$80$101$128$163$208
10% $56$68$84$104$131$166

Valuation multiples over time Market data may be delayed

At fiscal year end 20152016201720182019202020212022202320242025
Share price$47.19$29.78$85.41$45.22$39.88$61.01$35.73$26.46$34.58$36.46$59.76
Market value$2.7bn$1.8bn$5.2bn$2.9bn$3.1bn$4.9bn$2.8bn$2.2bn$2.5bn$2.1bn$3.2bn
+ Net debt (− = net cash)$267m$156m−$311m−$872m$240m−$851m−$913m−$341m−$1.1bn−$410m−$364m
Enterprise value$3.0bn$2.0bn$4.9bn$2.1bn$3.3bn$4.0bn$1.9bn$1.8bn$1.5bn$1.7bn$2.8bn
Multiples
Price / sales 3.0x1.5x2.9x1.3x0.8x2.4x1.1x0.9x1.1x0.9x1.5x
Price / earnings 17.0x8.2x13.6x12.3x6.0x3.6x—16.9x8.4x—1.5x
Price / free cash flow 11.0x5.6x10.2x4.9x5.7x14.2x20.0x8.8x11.8x9.4x20.0x
EV / EBITDA 15.0x7.0x11.1x5.1x——n/m13.7x19.4x—33.2x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Medium.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 18, 2026, after the close. Analysts expect revenue of $613m and EPS of $1.33 (range $1.22 to $1.41) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current — — $2.4bn +13%
Next — — $2.7bn +11%

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 $1.20 $1.24 +3.1%
Mar 2026 $1.01 $1.11 +9.9%
Dec 2025 $1.38 $1.34 −2.6%
Sept 2025 $0.98 $1.36 +39.3%

Adjusted EPS as companies report it, against the average analyst estimate.

Analyst recommendations

14 analysts, Oct 2026
Buy1393%
Hold17%
Sell00%

Monthly trend

  1. Oct 2026310114
  2. Sep 202631115
  3. Aug 202631115
  4. Jul 2026211114

Counts of recommendations published by analysts covering Joyy Inc., by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
7.0%
of tradable shares
Days to cover
3.64
at average volume
Short interest, 1 month
+18%
to October 15, 2026
Held by institutions
67%
of shares
Held by insiders
3.3%
of shares
Employees
5,421
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
JOYY−41%−26%+31%+5%+64%+33%
Industry peers (median)−25%−54%−6%−21%−16%−27%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
JOYY42%50%50%67%83%73%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
JOYY−72%−56%−36%−29%−27%−21%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 84% from February 16, 2021 to October 24, 2022. Getting back needed a 507% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$52.17 – $84.93
From 52-week high
−6.6%
vs 50-day average
+1.3%
vs 200-day average
+20.2%
Volatility (1 year)
33%
Beta vs S&P 500
0.63

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Options strategies

All options ideas

How Joyy Inc.’s listed options are priced, and three ways to use them that follow from our valuation. Quotes are delayed, read November 2, 2026. Check the live chain at your broker before trading.

Cash-secured put

Not offered: fundamentals grade C+ (needs B+ or better).

We suggest selling a put only on well-rated companies, at a strike where the price you would pay if assigned (strike less premium) is at or below our fair value.

Covered call

Not offered: no liquid call at or above our price target — the model says the upside is worth more than any listed strike.

For holders: sell a call at a strike at or above our fair value, so the shares are only sold at a price the model calls full value.

Collar

Not offered: the shares trade below our fair value: a collar caps upside the model expects.

For holders of a stock trading at or above our fair value: buy a put for a floor and sell a call to pay for it.

General research, not personal advice. Options can lose you more than you expect and are not suitable for everyone: put sellers can be made to buy shares that keep falling, call sellers give up gains above the strike, and results or news can move prices sharply. Chances shown are approximations from each option’s delta. Spreads, fees and early assignment are not modelled.

Joyy Inc. in five measures

Fundamentals grade C+
Growth Profitability Cash Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Joyy Inc.
$0 $1B $2B $3B $4B FY15 Q4 FY17 Q4 FY19 Q4 FY21 Q4 FY23 Q4 FY25 Q4 Revenue (TTM), FY15 Q4: $910.4M Revenue (TTM), FY16 Q4: $1.2B Revenue (TTM), FY17 Q4: $1.8B Revenue (TTM), FY18 Q4: $2.3B Revenue (TTM), FY19 Q4: $3.7B Revenue (TTM), FY20 Q4: $2B Revenue (TTM), FY21 Q4: $2.6B Revenue (TTM), FY22 Q4: $2.4B Revenue (TTM), FY23 Q4: $2.3B Revenue (TTM), FY24 Q4: $2.2B Revenue (TTM), FY25 Q4: $2.1B $2.1B

Source: SEC EDGAR filings. Retrieved Invalid Date.

View chart data
Period Revenue (TTM)
FY15 Q4 $910.4M
FY16 Q4 $1.2B
FY17 Q4 $1.8B
FY18 Q4 $2.3B
FY19 Q4 $3.7B
FY20 Q4 $2B
FY21 Q4 $2.6B
FY22 Q4 $2.4B
FY23 Q4 $2.3B
FY24 Q4 $2.2B
FY25 Q4 $2.1B
Revenue growth, TTM YoY Joyy Inc.
-50% 0% 50% 100% FY16 Q4 FY18 Q4 FY20 Q4 FY22 Q4 FY25 Q4 Revenue growth, TTM YoY, FY16 Q4: 29.8% Revenue growth, TTM YoY, FY17 Q4: 50.8% Revenue growth, TTM YoY, FY18 Q4: 28.7% Revenue growth, TTM YoY, FY19 Q4: 60.2% Revenue growth, TTM YoY, FY20 Q4: -44.8% Revenue growth, TTM YoY, FY21 Q4: 29.2% Revenue growth, TTM YoY, FY22 Q4: -7.9% Revenue growth, TTM YoY, FY23 Q4: -6.0% Revenue growth, TTM YoY, FY24 Q4: -1.3% Revenue growth, TTM YoY, FY25 Q4: -5.1% -5.1%

Source: SEC EDGAR filings. Retrieved Invalid Date.

View chart data
Period Revenue growth, TTM YoY
FY16 Q4 29.8%
FY17 Q4 50.8%
FY18 Q4 28.7%
FY19 Q4 60.2%
FY20 Q4 -44.8%
FY21 Q4 29.2%
FY22 Q4 -7.9%
FY23 Q4 -6.0%
FY24 Q4 -1.3%
FY25 Q4 -5.1%
Operating margin (TTM) Joyy Inc.
-40% -20% 0% 20% 40% FY15 Q4 FY17 Q4 FY19 Q4 FY21 Q4 FY23 Q4 FY25 Q4 Operating margin (TTM), FY15 Q4: 19.7% Operating margin (TTM), FY16 Q4: 21.6% Operating margin (TTM), FY17 Q4: 23.3% Operating margin (TTM), FY18 Q4: 16.7% Operating margin (TTM), FY19 Q4: -14.0% Operating margin (TTM), FY20 Q4: -20.1% Operating margin (TTM), FY21 Q4: -4.1% Operating margin (TTM), FY22 Q4: 2.1% Operating margin (TTM), FY23 Q4: 1.3% Operating margin (TTM), FY24 Q4: -18.1% Operating margin (TTM), FY25 Q4: 2.6% 2.6%

Source: SEC EDGAR filings. Retrieved Invalid Date.

View chart data
Period Operating margin (TTM)
FY15 Q4 19.7%
FY16 Q4 21.6%
FY17 Q4 23.3%
FY18 Q4 16.7%
FY19 Q4 -14.0%
FY20 Q4 -20.1%
FY21 Q4 -4.1%
FY22 Q4 2.1%
FY23 Q4 1.3%
FY24 Q4 -18.1%
FY25 Q4 2.6%
FCF margin (TTM) Joyy Inc.
0% 10% 20% 30% FY15 Q4 FY17 Q4 FY19 Q4 FY21 Q4 FY23 Q4 FY25 Q4 FCF margin (TTM), FY15 Q4: 27.2% FCF margin (TTM), FY16 Q4: 27.5% FCF margin (TTM), FY17 Q4: 28.6% FCF margin (TTM), FY18 Q4: 26.2% FCF margin (TTM), FY19 Q4: 14.8% FCF margin (TTM), FY20 Q4: 17.0% FCF margin (TTM), FY21 Q4: 5.3% FCF margin (TTM), FY22 Q4: 10.3% FCF margin (TTM), FY23 Q4: 9.4% FCF margin (TTM), FY24 Q4: 10.1% FCF margin (TTM), FY25 Q4: 7.5% 7.5%

Source: SEC EDGAR filings. Retrieved Invalid Date.

View chart data
Period FCF margin (TTM)
FY15 Q4 27.2%
FY16 Q4 27.5%
FY17 Q4 28.6%
FY18 Q4 26.2%
FY19 Q4 14.8%
FY20 Q4 17.0%
FY21 Q4 5.3%
FY22 Q4 10.3%
FY23 Q4 9.4%
FY24 Q4 10.1%
FY25 Q4 7.5%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 20-F. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2015 Dec 2015 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025
Income
Revenue 910 1,182 1,782 2,293 3,674 2,028 2,619 2,412 2,268 2,238 2,124
Gross profit 358 447 702 836 244 540 838 852 813 806 763
EBITDA 198 280 442 406 −475 −329 2 134 75 −380 85
Operating income 179 255 415 384 −515 −407 −107 51 29 −406 56
Net income 160 219 383 239 510 1,373 −80 129 302 −146 2,098
Diluted EPS $2.60 $3.80 $6.40 $3.60 $6.40 $17.00 — $1.60 — −$2.60 $39.40
Growth (year on year)
Revenue — +29.8% +50.8% +28.7% +60.2% −44.8% +29.2% −7.9% −6.0% −1.3% −5.1%
EBITDA — +41.3% +57.8% −8.2% −217.1% — — — −43.8% −604.4% —
Operating income — +42.2% +62.6% −7.5% −234.2% — — — −43.2% — —
Net income — +37.6% +74.6% −37.7% +113.5% +169.3% −105.8% — +134.2% −148.5% —
Diluted EPS — +46.2% +68.4% −43.8% +77.8% +165.6% — — — — —
Margins
Gross margin 39.3% 37.8% 39.4% 36.5% 6.6% 26.6% 32.0% 35.3% 35.8% 36.0% 35.9%
EBITDA margin 21.8% 23.7% 24.8% 17.7% −12.9% −16.2% 0.1% 5.6% 3.3% −17.0% 4.0%
Operating margin 19.7% 21.6% 23.3% 16.7% −14.0% −20.1% −4.1% 2.1% 1.3% −18.1% 2.6%
Net margin 17.5% 18.6% 21.5% 10.4% 13.9% 67.7% −3.1% 5.3% 13.3% −6.5% 98.8%
Free-cash-flow margin 27.2% 27.5% 28.6% 26.2% 14.8% 17.0% 5.3% 10.3% 9.4% 10.1% 7.5%
Cash flow
Cash from operations 281 349 572 649 666 495 210 316 296 309 302
Capital spending 34 23 61 49 124 151 71 69 82 84 143
Free cash flow 248 325 510 601 542 344 140 247 214 225 159
Stock-based pay 29 23 40 94 76 92 33 44 32 23 26
Free cash flow after stock pay 219 303 471 507 466 252 106 203 182 202 133
Balance sheet
Cash 134 243 402 873 559 1,743 1,837 1,214 1,064 445 374
Total debt 401 399 91 1 799 892 924 874 — 35 11
Net debt (negative = net cash) 267 156 −311 −872 240 −851 −913 −341 −1,064 −410 −364
Diluted shares 58m 61m 61m 65m 77m 80m 78m 82m 73m 58m 53m
Returned to shareholders
Dividends — — — — 0 65 160 146 84 0 156
Buybacks 161 — 0 — 24 106 399 138 274 259 133
Total returned 161 — 0 — 24 171 559 284 358 259 288

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

3 of 3 checks passed · December 31, 2025
What it owns · $7.6bn
Short-term assets $1.6bnLonger-term assets $5.9bn
What it owes, and who funded it · $7.5bn
Short-term liabilities $874mLonger-term liabilities $76mShareholders' equity $6.5bn
  • Short-term assets cover short-term liabilities $1.6bn of assets due within a year against $874m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $1.6bn short-term assets against $76m of longer-dated liabilities.
  • More cash than debt Cash or debt not separately reported. Not assessable.
  • Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt Cash flow or debt not reported. Not assessable.
  • Operating profit covers interest at least five times over Operating income of $56m against $516,000 of interest.

From Joyy Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2025 Q4 TTM
Buybacks (TTM)
$133M
Dividends (TTM)
$156M
Returned to shareholders
181%
of free cash flow
Buybacks, last 3 fiscal years
$666M
Diluted share count
−8.0%
year over year
Total shareholder yield
6.8%
dividends 3.7% + buybacks 3.1% of market value
Dividend payout ratio
7%
of net income paid out
R&D spending
11.6%
of revenue
Days sales outstanding
27 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in interactive media & services
Last 12 months unless stated JOYY TRIP WB MOMO YELP RDDT Median
Revenue, last 12 months $2.1bn $1.8bn $1.8bn $1.5bn $1.5bn $3.1bn $615m
Revenue growth, last 12 months −5.1% −1.6% 0.1% 2.4% 1.5% 62.2% 2.4%
Revenue growth, 3-year average — 2.1% 110.5% 679.6% 5.1% — 5.0%
Revenue growth, latest quarter — −7.2% — — 1.4% 53.0% 2.4%
Gross margin 35.9% 92.1% 76.0% 37.8% 92.4% 91.5% 60.4%
Operating margin 2.6% 2.7% 26.5% 13.1% 11.7% 29.4% 0.3%
Operating margin, 3-year average 7.3% 5.1% 30.9% 8.0% 11.0% −3.7% −0.4%
Net margin 98.8% 0.3% 25.6% 7.8% 8.6% 32.1% 3.8%
Cash from operations / revenue 14.2% 11.4% 29.6% 11.4% 23.7% 39.0% 11.4%
Free-cash-flow margin 7.5% 7.4% 27.2% 6.7% 20.2% 38.8% 7.5%
Free-cash-flow margin, 3-year average 13.8% 8.0% 35.6% 15.6% 19.8% 25.0% 7.2%
Stock pay / revenue 1.2% 5.0% 2.4% 1.6% 8.3% 12.5% 3.7%
Change in share count −8.0% −14.4% 1.3% −9.4% −11.1% 7.0% 2.0%

Median of all 63 companies we cover in interactive media & services. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

63 interactive media & services companies
Measure Company Peer median Rank
Revenue growth Growth -5.1% 2.4% 48 of 63
Change in growth rate Growth -3.7pp -0.2pp 46 of 63
Gross margin Profitability 35.9% 60.9% 43 of 54
Operating margin Profitability 2.6% 0.3% 30 of 63
Net margin Profitability 98.8% 3.8% 1 of 63
Free-cash-flow margin Cash generation 7.5% 8.9% 31 of 59
Stock pay as % of revenue Cash generation 1.2% 3.9% 7 of 61
Change in share count Balance sheet -8.0% 1.7% 13 of 55
Days sales outstanding Balance sheet 27 days 49 days 11 of 54

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Who owns it

Funds buying and selling
Reported value
$1.4B
Institutions reporting
190
Shares held vs prior quarter
▼ 1.7%
Positions opened / closed
16 / 23

Top buyers and sellers, Q2 2026: 80 institutions bought and 97 sold ; the biggest buyer was Point72 Asset Management, L.P (+418K shares) and the biggest seller Causeway Capital Management LLC (−641K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Goldman Sachs Group Inc $113M 1.7M 8.3% ▲ 1.1%
Acadian Asset Management LLC $96.8M 1.5M 7.1% ▼ 0.1%
Krane Funds Advisors LLC $71.3M 1.1M 5.2% ▼ 8.1%
LSV Asset Management $59.9M 908K 4.4% ▲ 34.1%
Morgan Stanley $58M 879K 4.2% ▲ 3.5%
Vanguard Capital Management LLC $56.8M 860K 4.2% ▼ 1.0%
Blackrock, Inc. $49.3M 747K 3.6% ▼ 10.0%
Arrowstreet Capital, Limited Partnership $47.9M 726K 3.5% ▲ 3.2%
Farallon Capital Management, L.L.C. $46.1M 699K 3.4% ▲ 20.9%
My.Alpha Management Hk Advisors Ltd $39.4M 597K 2.9% 0.0%
Capitolis Liquid Global Markets LLC $39M 591K 2.9% ▲ 38.0%
Point72 Asset Management, L.P. $37.9M 575K 2.8% ▲ 266.9%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Joyy Inc.'s complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $0 0 trades by 0 insiders
Net ▲ $0 net buying

No open-market insider trades reported in the last 12 months.

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Recent SEC filings

Data status

When each part of this page on Joyy Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Joyy Inc. in brief

What does Joyy Inc. do?
Joyy Inc. is a US-listed company in the interactive media & services industry. Its financial year ends in December.
What is Joyy Inc.'s stock ticker?
Joyy Inc. trades under the ticker JOYY on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Joyy Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, Joyy Inc. reported revenue of $2.1B, 5.1% lower than a year earlier, according to its SEC filings.
What is Joyy Inc.'s free cash flow?
Joyy Inc.'s free-cash-flow margin is 7.5% of revenue over the trailing twelve months, ranking 31 of the 59 interactive media & services companies we cover.
What is Joyy Inc.'s fair value (intrinsic value) per share?
Our discounted-cash-flow model of Joyy Inc.'s free cash flow after stock-based pay gives ~$87 per share in the base case, and ~$70–$110 across growth scenarios. These are model values under stated assumptions — not a price target or a recommendation.
Who are Joyy Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Goldman Sachs Group Inc, Acadian Asset Management LLC and Krane Funds Advisors LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Joyy Inc. buying back stock, and does it pay a dividend?
Joyy Inc. spent $133M on share repurchases over the trailing twelve months, and its diluted share count fell 8.0% over the year.
What is Joyy Inc.'s market cap?
On December 31, 2025, Joyy Inc.'s market capitalisation was about $3.2B, with a price-to-earnings ratio of 1.5 and net debt of -$364M. Market figures come from third-party market data and may be delayed.
Does Joyy Inc. pay a dividend?
Yes: Joyy Inc. paid $156M in dividends over the trailing twelve months, a dividend yield of 3.68% and a payout ratio of 7.4%.
Who are Joyy Inc.'s competitors?
In our Interactive Media & Services peer group, the companies closest to Joyy Inc. are Tripadvisor, Inc., Weibo Corp, Hello Group Inc., Yelp Inc and Reddit, Inc. The side-by-side comparison below sets their revenue, margins and growth against Joyy Inc.'s.
When is Joyy Inc.'s next earnings date?
Around November 18, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Joyy Inc. announces its own schedule.