Joyy Inc. income statement

In fiscal 2025, Joyy Inc. reported revenue of $2.12bn, down 5.1% on the year before, operating income of $55.8m (a 2.6% margin) and net income of $2.10bn, or $39.40 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

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

Joyy Inc.: income 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
Revenue	910	1,182	1,782	2,293	3,674	2,028	2,619	2,412	2,268	2,238	2,124
Cost of revenue	553	735	1,080	1,457	657	1,378	1,781	1,559	1,455	1,432	1,362
Gross profit	358	447	702	836	244	540	838	852	813	806	763
Research and development	85	97	120	173	237	303	280	262	296	279	247
Selling and marketing	48	56	106	167	404	505	468	400	370	333	297
General and administrative	55	69	84	128	136	147	222	142	123	153	165
Operating income	179	255	415	384	−515	−407	−107	51	29	−406	56
Interest expense	15	12	5	1	38	76	14	13	10	5	1
Provision for credit losses	—	—	—	—	—	−3	−1	—	—	—	—
Income before tax	179	257	444	369	−95	14	−78	635	288	−228	216
Income tax	28	40	64	69	−20	28	26	35	19	13	16
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
Diluted shares (average)	58m	61m	61m	65m	77m	80m	78m	82m	73m	58m	53m
EBITDA	198	280	442	406	−475	−329	2	134	75	−380	85

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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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.