Overview of Financial Statements
Financial statements are records that provide an overview of a company's financial performance and position. There are three main types of financial statements:
- Income Statement: Shows the company's revenue, expenses, and profit over a specific period.
- Balance Sheet: Provides a snapshot of the company's assets, liabilities, and equity at a specific point in time.
- Cash Flow Statement: Details the cash inflows and outflows from operating, investing, and financing activities over a period.
This page presents both annual and quarterly data for these financial statements. The charts below provide a visual representation of the key metrics from each statement, helping you to quickly understand the financial health of JOYY.
Income Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.24B | $2.27B | $2.41B | $2.62B | $2.03B | $3.66B | $2.29B | $1.78B | $1.18B | $908.41M |
| Cost of Revenue | $1.43B | $1.45B | $1.56B | $1.78B | $1.46B | $2.45B | $1.46B | $1.08B | $734.96M | $551.42M |
| Gross Profit | $806.20M | $813.03M | $852.13M | $837.90M | $569.60M | $1.20B | $835.36M | $699.74M | $446.53M | $356.99M |
| Gross Profit Ratio | 36.03% | 35.80% | 35.34% | 32.00% | 28.13% | 32.95% | 36.45% | 39.40% | 37.79% | 39.30% |
| Research and Development Expenses | $278.74M | $295.50M | $261.81M | $279.78M | $320.94M | $362.38M | $173.29M | $119.76M | $97.24M | $84.54M |
| General and Administrative Expenses | $152.52M | $122.66M | $141.83M | $221.73M | $155.59M | $212.88M | $128.39M | $83.42M | $69.48M | $55.22M |
| Selling and Marketing Expenses | $333.33M | $369.58M | $400.44M | $468.41M | $533.39M | $534.49M | $167.08M | $105.88M | $55.77M | $48.19M |
| Selling General and Administrative Expenses | $485.85M | $492.24M | $542.26M | $690.14M | $688.99M | $747.37M | $295.47M | $189.31M | $125.25M | $103.41M |
| Other Expenses | $447.24M | $- | $-17.50M | $-20.38M | $-8.59M | $-46.04M | $-290.74K | $24.31M | $954.00K | $-333.50K |
| Operating Expenses | $1.21B | $784.21M | $786.56M | $949.54M | $1.00B | $1.06B | $451.63M | $291.73M | $203.84M | $175.27M |
| Cost and Expenses | $2.64B | $2.24B | $2.35B | $2.73B | $2.46B | $3.51B | $1.91B | $1.37B | $938.80M | $726.70M |
| Interest Income | $- | $185.21M | $93.15M | $91.23M | $93.98M | $104.84M | $70.58M | $27.63M | $9.68M | $21.24M |
| Interest Expense | $- | $10.42M | $12.77M | $14.47M | $79.90M | $38.09M | $1.25M | $4.92M | $11.68M | $14.96M |
| Depreciation and Amortization | $119.96M | $124.03M | $163.38M | $182.93M | $203.38M | $169.18M | $31.99M | $36.63M | $39.53M | $28.70M |
| EBITDA | $167.63M | $422.42M | $158.71M | $119.81M | $292.59M | $1.07B | $101.58M | $484.39M | $308.10M | $222.73M |
| EBITDA Ratio | 7.49% | 18.63% | 6.58% | -0.79% | -16.81% | 6.72% | 21.21% | 24.53% | 21.36% | 22.31% |
| Operating Income | $-405.62M | $28.82M | $50.73M | $-111.64M | $-431.74M | $76.48M | $383.73M | $413.44M | $255.12M | $179.00M |
| Operating Income Ratio | -18.13% | 1.27% | 2.10% | -4.26% | -21.32% | 2.09% | 16.75% | 23.28% | 21.59% | 19.70% |
| Total Other Income Expenses Net | $175.08M | $259.16M | $583.84M | $51.96M | $420.44M | $-169.32M | $-265.27M | $29.40M | $1.78M | $77.48K |
| Income Before Tax | $-230.54M | $287.98M | $634.57M | $-77.59M | $18.02M | $601.43M | $368.44M | $442.84M | $256.89M | $179.07M |
| Income Before Tax Ratio | -10.30% | 12.70% | 26.31% | -2.96% | 0.89% | 16.45% | 16.08% | 24.94% | 21.74% | 19.71% |
| Income Tax Expense | $13.48M | $18.86M | $34.58M | $25.75M | $29.44M | $78.12M | $69.44M | $63.69M | $40.40M | $27.47M |
| Net Income | $-147.62M | $301.82M | $600.00M | $-103.33M | $-11.42M | $492.40M | $321.12M | $381.89M | $219.46M | $159.16M |
| Net Income Ratio | -6.60% | 13.31% | 24.88% | -3.95% | -0.56% | 13.47% | 14.01% | 21.50% | 18.58% | 17.52% |
| EPS | $-2.60 | $0.27 | $0.42 | $-0.07 | $-0.01 | $0.32 | $0.25 | $0.32 | $0.19 | $0.14 |
| EPS Diluted | $-2.55 | $0.24 | $0.41 | $-0.07 | $-0.01 | $0.32 | $0.25 | $0.32 | $0.19 | $0.14 |
| Weighted Average Shares Outstanding | 56.78M | 1.31B | 1.44B | 1.56B | 1.60B | 1.47B | 1.28B | 1.19B | 1.13B | 1.13B |
| Weighted Average Shares Outstanding Diluted | 57.89M | 1.46B | 1.47B | 1.56B | 1.60B | 1.54B | 1.29B | 1.22B | 1.22B | 1.15B |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Balance Sheet
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $444.76M | $1.06B | $1.21B | $1.84B | $1.74B | $556.47M | $872.83M | $400.91M | $227.50M | $143.09M |
| Short Term Investments | $1.36B | $2.25B | $2.72B | $2.55B | $1.81B | $3.20B | $1.21B | $938.11M | $540.27M | $291.90M |
| Cash and Short Term Investments | $1.81B | $3.69B | $3.94B | $4.39B | $3.55B | $3.76B | $2.08B | $1.34B | $767.77M | $434.99M |
| Net Receivables | $122.33M | $291.74M | $230.38M | $273.82M | $212.84M | $169.11M | $198.43M | $38.51M | $60.06M | $27.55M |
| Inventory | $- | $2.15M | $351.11M | $297.31M | $97.62M | $94.03M | $31.59M | $48.25K | $326.33K | $2.22M |
| Other Current Assets | $624.28M | $471.75M | $476.63M | $408.57M | $131.56M | $1.64B | $1.79B | $-1.23B | $-780.31M | $653.97M |
| Total Current Assets | $2.56B | $4.07B | $4.64B | $5.07B | $3.90B | $4.12B | $2.40B | $1.55B | $859.82M | $559.15M |
| Property Plant Equipment Net | $505.38M | $420.85M | $376.40M | $381.96M | $422.70M | $361.88M | $188.45M | $155.77M | $120.79M | $129.92M |
| Goodwill | $2.19B | $2.65B | $2.65B | $1.96B | $1.87B | $1.85B | $1.71M | $1.79M | $2.06M | $23.36M |
| Intangible Assets | $580.37M | $333.71M | $728.30M | $682.13M | $602.21M | $702.67M | $270.29M | $286.46M | $278.14M | $22.56M |
| Goodwill and Intangible Assets | $2.77B | $3.30B | $3.38B | $2.64B | $2.47B | $2.55B | $272.00M | $288.26M | $280.20M | $45.92M |
| Long Term Investments | $530.68M | $544.54M | $660.40M | $1.02B | $1.24B | $337.71M | $667.47M | $176.61M | $132.29M | $87.43M |
| Tax Assets | $- | $130.00M | $- | $- | $19.69M | $18.24M | $10.30M | $17.31M | $1.51M | $518.04K |
| Other Non-Current Assets | $1.15B | $16.76M | $12.59M | $4.88M | $36.21M | $74.81M | $210.59M | $25.16M | $14.68M | $305.88M |
| Total Non-Current Assets | $4.96B | $4.41B | $4.43B | $4.05B | $4.19B | $3.35B | $1.35B | $663.11M | $549.47M | $569.66M |
| Other Assets | $- | $- | $- | $- | $- | $- | $1 | $- | $1 | $- |
| Total Assets | $7.52B | $8.48B | $9.07B | $9.12B | $8.08B | $7.46B | $3.75B | $2.21B | $1.41B | $1.13B |
| Account Payables | $100.73M | $66.75M | $56.00M | $18.01M | $20.96M | $17.27M | $16.66M | $11.69M | $19.75M | $20.00M |
| Short Term Debt | $21.09M | $470.11M | $484.81M | $11.04M | $842.22M | $91.60M | $-370.23M | $-145.17M | $-428.76M | $- |
| Tax Payables | $- | $285.27M | $78.10M | $65.74M | $60.82M | $64.55M | $50.09M | $22.41M | $20.27M | $16.54M |
| Deferred Revenue | $- | $79.72M | $89.55M | $64.34M | $67.92M | $213.44M | $153.12M | $128.43M | $70.11M | $67.84M |
| Other Current Liabilities | $2.54B | $2.18B | $2.36B | $2.35B | $-49.09M | $889.50M | $339.25M | $229.21M | $166.66M | $108.88M |
| Total Current Liabilities | $2.67B | $3.09B | $3.07B | $2.51B | $942.90M | $1.09B | $560.11M | $481.84M | $675.49M | $213.26M |
| Long Term Debt | $9.95M | $18.42M | $422.77M | $929.81M | $5.12B | $729.08M | $- | $81.41M | $- | $405.73M |
| Deferred Revenue Non-Current | $- | $12.93M | $9.77M | $6.42M | $3.13M | $34.38M | $13.33M | $8.84M | $3.67M | $3.20M |
| Deferred Tax Liabilities Non-Current | $- | $53.95M | $64.26M | $36.21M | $42.37M | $37.82M | $4.00M | $1.66M | $1.16M | $2.59M |
| Other Non-Current Liabilities | $84.00M | $22.13M | $436.00K | $7.37M | $-4.33B | $150.48M | $- | $80.41M | $-28.69M | $9.52M |
| Total Non-Current Liabilities | $93.95M | $107.44M | $497.24M | $979.82M | $836.24M | $812.95M | $17.33M | $11.50M | $4.83M | $405.89M |
| Other Liabilities | $- | $- | $- | $- | $- | $1 | $1 | $- | $1 | $- |
| Total Liabilities | $2.76B | $3.19B | $3.57B | $3.49B | $1.78B | $1.90B | $577.44M | $493.34M | $680.31M | $619.15M |
| Preferred Stock | $- | $- | $- | $- | $1 | $2 | $2 | $1 | $1 | $1 |
| Common Stock | $10.00K | $12.00K | $16.00K | $16.00K | $15.61K | $14.86K | $11.63K | $12.25K | $10.08K | $10.78K |
| Retained Earnings | $2.84B | $2.95B | $2.69B | $2.71B | $2.99B | $1.47B | $1.01B | $799.26M | $392.97M | $185.95M |
| Accumulated Other Comprehensive Income Loss | $-247.62M | $-159.30M | $-129.70M | $95.98M | $-113.44M | $148.66M | $63.65M | $8.14M | $21.88M | $3.10M |
| Other Total Stockholders Equity | $2.12B | $2.37B | $2.62B | $2.72B | $3.32B | $33.07B | $18.52B | $1.63B | $726.76M | $535.35M |
| Total Stockholders Equity | $4.71B | $5.16B | $5.18B | $5.53B | $6.23B | $4.73B | $2.69B | $1.63B | $726.76M | $498.96M |
| Total Equity | $4.76B | $5.29B | $5.50B | $5.63B | $6.31B | $5.56B | $3.17B | $1.72B | $728.97M | $509.66M |
| Total Liabilities and Stockholders Equity | $7.52B | $8.48B | $9.07B | $9.12B | $8.08B | $7.46B | $3.75B | $2.21B | $1.41B | $1.13B |
| Minority Interest | $47.77M | $133.33M | $324.51M | $99.97M | $78.01M | $831.52M | $476.16M | $95.99M | $2.21M | $10.70M |
| Total Liabilities and Total Equity | $7.52B | $8.48B | $9.07B | $9.12B | $8.08B | $7.46B | $3.75B | $2.21B | $1.41B | $1.13B |
| Total Investments | $1.90B | $2.79B | $3.38B | $3.57B | $3.05B | $3.54B | $1.87B | $1.11B | $672.56M | $379.32M |
| Total Debt | $31.04M | $488.53M | $907.58M | $940.85M | $913.05M | $835.26M | $997.67K | $91.10M | $398.70M | $400.10M |
| Net Debt | $-413.72M | $-575.42M | $-306.87M | $-896.33M | $-827.46M | $278.78M | $-871.84M | $-309.81M | $171.19M | $257.01M |
Cash Flow Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $-147.62M | $272.42M | $101.57M | $-93.98M | $1.49B | $528.82M | $307.56M | $384.21M | $217.69M | $153.78M |
| Depreciation and Amortization | $- | $132.50M | $163.38M | $182.93M | $215.20M | $169.18M | $31.99M | $36.63M | $39.53M | $28.70M |
| Deferred Income Tax | $- | $-11.81M | $-1.94M | $-9.80M | $13.35M | $-24.02M | $7.22M | $600.27K | $-1.12M | $-3.86M |
| Stock Based Compensation | $23.20M | $31.98M | $44.10M | $33.38M | $92.16M | $135.51M | $94.20M | $39.47M | $22.65M | $28.55M |
| Change in Working Capital | $- | $-52.54M | $-27.18M | $-111.05M | $29.81M | $187.47M | $121.91M | $114.20M | $68.49M | $56.01M |
| Accounts Receivables | $- | $-32.42M | $-20.20M | $28.06M | $-58.99M | $-22.49M | $-6.64M | $2.82M | $-4.94M | $19.04M |
| Inventory | $- | $- | $- | $-120.07M | $61.42M | $151.80M | $45.79K | $219.65K | $97.93K | $-1.71M |
| Accounts Payables | $- | $-5.56M | $19.05M | $-18.52M | $-12.45M | $-3.76M | $1.26M | $-5.98M | $5.31M | $-3.49M |
| Other Working Capital | $- | $-14.56M | $-26.03M | $-527.00K | $39.83M | $61.92M | $127.24M | $117.15M | $68.02M | $42.16M |
| Other Non Cash Items | $124.42M | $-76.97M | $36.57M | $208.95M | $-1.32B | $-342.13M | $86.17M | $-5.55M | $1.43M | $17.70M |
| Net Cash Provided by Operating Activities | $- | $295.58M | $316.49M | $210.42M | $524.10M | $654.83M | $649.05M | $569.56M | $348.68M | $280.88M |
| Investments in Property Plant and Equipment | $- | $-81.57M | $-69.22M | $-184.88M | $-161.83M | $-156.15M | $-57.11M | $-63.58M | $-33.47M | $-41.71M |
| Acquisitions Net | $- | $- | $27.93M | $7.05M | $-4.84M | $-236.79M | $0 | $13.65M | $-16.46M | $778.36K |
| Purchases of Investments | $- | $-3.77B | $-5.02B | $-3.77B | $-2.44B | $-3.94B | $-2.39B | $-1.56B | $-1.17B | $-343.16M |
| Sales Maturities of Investments | $- | $4.27B | $4.62B | $3.15B | $3.29B | $2.03B | $1.75B | $1.15B | $914.13M | $655.84M |
| Other Investing Activities | $- | $4.43M | $-66.15M | $1.59B | $146.72M | $71.97M | $-220.55M | $-162.91M | $48.05M | $-433.19M |
| Net Cash Used for Investing Activities | $- | $420.37M | $-510.28M | $789.59M | $828.82M | $-2.23B | $-915.16M | $-618.43M | $-256.80M | $-161.44M |
| Debt Repayment | $- | $-419.61M | $-54.95M | $-170.00M | $22.86M | $978.10M | $-89.62M | $-326.64M | $- | $107.29M |
| Common Stock Issued | $- | $- | $- | $- | $- | $- | $- | $451.94M | $- | $- |
| Common Stock Repurchased | $- | $-273.90M | $-138.08M | $-398.64M | $-112.18M | $-24.39M | $-30.00M | $- | $- | $-160.46M |
| Dividends Paid | $- | $-84.20M | $-145.93M | $-160.14M | $-64.56M | $- | $- | $- | $- | $- |
| Other Financing Activities | $- | $-64.05M | $17.05M | $5.25M | $12.22M | $420.80M | $696.06M | $87.99M | $1.53M | $1.24M |
| Net Cash Used Provided by Financing Activities | $- | $-841.75M | $-321.91M | $-723.54M | $-143.36M | $1.35B | $605.80M | $213.29M | $1.53M | $-51.93M |
| Effect of Forex Changes on Cash | $- | $682.00K | $-53.23M | $38.45M | $-88.98M | $15.08M | $7.28M | $-5.48M | $311.21K | $2.41M |
| Net Change in Cash | $-1.44B | $-125.11M | $-568.93M | $314.92M | $1.12B | $-207.63M | $346.97M | $158.94M | $93.73M | $69.92M |
| Cash at End of Period | $- | $1.44B | $1.57B | $2.13B | $1.82B | $650.51M | $872.83M | $400.91M | $227.50M | $143.09M |
| Cash at Beginning of Period | $1.44B | $1.57B | $2.13B | $1.82B | $696.66M | $858.14M | $525.87M | $241.97M | $133.78M | $73.17M |
| Operating Cash Flow | $- | $295.58M | $316.49M | $210.42M | $524.10M | $654.83M | $649.05M | $569.56M | $348.68M | $280.88M |
| Capital Expenditure | $- | $-82.01M | $-69.22M | $-184.88M | $-161.83M | $-156.15M | $-57.11M | $-63.58M | $-33.47M | $-41.71M |
| Free Cash Flow | $- | $213.57M | $247.28M | $25.54M | $362.27M | $498.68M | $591.94M | $505.98M | $315.20M | $239.17M |