Joyy Inc. cash flow statement

In fiscal 2025, Joyy Inc.'s operations generated $302m of cash; it spent $143m on capital projects, leaving free cash flow of $159m. It returned $156m in dividends and $133m through buybacks.

Cash flow statement

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

Joyy Inc.: cash flow statement, annual
Fiscal year	2015Dec 2015	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Cash from operations	281	349	572	649	666	495	210	316	296	309	302
Depreciation and amortisation	19	25	27	22	40	77	109	83	47	25	29
Stock-based pay	29	23	40	94	76	92	33	44	32	23	26
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
Free cash flow after stock pay	219	303	471	507	466	252	106	203	182	202	133
Dividends paid	—	—	—	—	0	65	160	146	84	0	156
Share buybacks	161	—	0	—	24	106	399	138	274	259	133
Shares issued	—	—	454	−1	0	0	—	—	—	—	—

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

Compare with peers

Head to head: JOYY vs TRIP JOYY vs WB JOYY vs MOMO JOYY vs RDDT

More: Interactive Media & Services stocks compared, Communication Services sector, rankings of US companies

Figures from Joyy Inc.'s SEC filings (10-K and 10-Q). How we read and check them: methodology and data sources. Not investment advice. Back to Joyy Inc.