JOYY Q1 2025 Financial and Business Highlights
Financial Performance:
- Total revenue reached US$494.4 million in Q1 2025.
- Non-livestreaming revenue grew 25.3% YoY to US$123 million, representing 24.9% of total revenue.
- GAAP operating income surged 244.5% YoY to US$12.2 million, while non-GAAP operating income rose 24.9% YoY to US$31 million.
- Strong operating cash flow totaled US$58 million.
- The company returned value to shareholders through US$49.1 million in dividends and share repurchases totaling approximately US$22.5 million through May 2025.
Business Highlights:
Livestreaming Segment
- Livestreaming revenue totaled US$371.3 million, with BIGO contributing US$351.6 million.
- Bigo Live saw over 7% YoY growth in North American monthly active users (MAU), with a 4% QoQ increase in paying users.
- Product improvements at Bigo Live—such as enhanced recommendations, VIP benefits system, and gifting upgrades—boosted average viewing time by 4% QoQ and ARPPU by 3% among premium users.
- Likee expanded its content library, increasing videos viewed per user by 7% and overall video consumption time by 10% QoQ, alongside a 3% increase in average paying ratio.
Strategic Vision
Ms. Ting Li, Chairperson and CEO, emphasized JOYY’s evolution beyond social entertainment into a diversified ecosystem. With AI-driven innovation powering BIGO Ads and steady profitability in livestreaming, JOYY’s multi-engine growth strategy is positioning non-livestreaming businesses as a second growth engine.
