JOYY: Joyy Inc Financial Statements

Balance sheet, income statement, and cash flow statements for Joyy Inc (JOYY).

OverviewDividends

$2.25B Market Cap.

As of 08/27/2025 5:00 PM ET (MRY) • Disclaimer

JOYY Market Cap. (MRY)


JOYY Shares Outstanding (MRY)


JOYY Assets (MRY)


Total Assets

$7.53B

Total Liabilities

$2.74B

Total Investments

$3.03B

JOYY Income (MRY)


Revenue

$2.24B

Net Income

-$146.24M

Operating Expense

$1.22B

JOYY Cash Flow (MRY)


CF Operations

$308.66M

CF Investing

-$210.25M

CF Financing

-$707.83M

JOYY Balance Sheet (MRY)


Metric

2024

2023

2022

2021

Total Assets

$7,527,797,000 (-11.27%)

$8,483,865,000 (-6.48%)

$9,071,653,000 (-0.53%)

$9,120,012,000 (12.66%)

Assets Current

$2,556,281,000 (-37.23%)

$4,072,640,000 (-12.32%)

$4,644,649,000 (-8.40%)

$5,070,322,000 (29.96%)

Assets Non-Current

$4,971,516,000 (12.70%)

$4,411,225,000 (-0.36%)

$4,427,004,000 (9.32%)

$4,049,690,000 (-3.43%)

Goodwill & Intangible Assets

$2,774,696,000 (-15.89%)

$3,299,066,000 (-2.33%)

$3,377,612,000 (27.92%)

$2,640,397,000 (6.68%)

Shareholders Equity

$4,711,990,000 (-8.62%)

$5,156,686,000 (-0.42%)

$5,178,217,000 (-6.33%)

$5,528,328,000 (-11.34%)

Property Plant & Equipment Net

$520,180,000 (23.60%)

$420,854,000 (11.81%)

$376,397,000 (-1.46%)

$381,957,000 (-9.75%)

Cash & Equivalents

$816,093,000 (-41.00%)

$1,383,206,000 (-8.87%)

$1,517,819,000 (-28.88%)

$2,134,207,000 (21.50%)

Accumulated Other Comprehensive Income

-$247,615,000 (-25.69%)

-$197,010,000 (-21.43%)

-$162,235,000 (-334.53%)

$69,175,000 (274.51%)

Deferred Revenue

$79,448,000 (-8.26%)

$86,605,000 (-9.58%)

$95,779,000 (42.25%)

$67,332,000 (-4.31%)

Total Investments

$3,025,315,000 (1.62%)

$2,976,977,000 (-13.24%)

$3,431,330,000 (-3.98%)

$3,573,481,000 (15.09%)

Investments Current

$1,370,322,000 (-40.48%)

$2,302,435,000 (-16.91%)

$2,770,926,000 (8.62%)

$2,551,026,000 (38.20%)

Investments Non-Current

$1,654,993,000 (145.35%)

$674,542,000 (2.14%)

$660,404,000 (-35.41%)

$1,022,455,000 (-18.79%)

Inventory

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Trade & Non-Trade Receivables

$122,328,000 (-6.41%)

$130,700,000 (10.83%)

$117,927,000 (3.11%)

$114,372,000 (-20.02%)

Trade & Non-Trade Payables

$84,015,000 (25.86%)

$66,755,000 (19.21%)

$56,000,000 (210.92%)

$18,011,000 (-14.05%)

Accumulated Retained Earnings (Deficit)

$2,796,745,000 (-5.10%)

$2,947,160,000 (9.76%)

$2,685,063,000 (-1.01%)

$2,712,534,000 (-5.87%)

Tax Assets

$2,563,000 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Tax Liabilities

$125,935,000 (-10.08%)

$140,055,000 (-1.62%)

$142,365,000 (39.64%)

$101,952,000 (-1.32%)

Total Debt

$55,576,000 (-88.62%)

$488,532,000 (-46.17%)

$907,582,000 (-3.54%)

$940,852,000 (2.91%)

Debt Current

$45,628,000 (-90.29%)

$470,110,000 (-3.03%)

$484,808,000 (4290.98%)

$11,041,000 (-91.30%)

Debt Non-Current

$9,948,000 (-46.00%)

$18,422,000 (-95.64%)

$422,774,000 (-54.53%)

$929,811,000 (18.09%)

Total Liabilities

$2,744,306,000 (-13.48%)

$3,171,716,000 (-11.13%)

$3,568,921,000 (2.21%)

$3,491,714,000 (96.01%)

Liabilities Current

$2,674,092,000 (-13.36%)

$3,086,407,000 (0.48%)

$3,071,684,000 (22.29%)

$2,511,895,000 (166.06%)

Liabilities Non-Current

$70,214,000 (-17.69%)

$85,309,000 (-82.84%)

$497,237,000 (-49.25%)

$979,819,000 (17.02%)

JOYY Income Statement (MRY)


Metric

2024

2023

2022

2021

Revenues

$2,237,788,000 (-1.33%)

$2,267,870,000 (-5.96%)

$2,411,516,000 (-7.92%)

$2,619,051,000 (36.54%)

Cost of Revenue

$1,431,585,000 (-1.60%)

$1,454,842,000 (-6.70%)

$1,559,388,000 (-12.45%)

$1,781,150,000 (29.24%)

Selling General & Administrative Expense

$485,851,000 (-1.30%)

$492,238,000 (-9.22%)

$542,261,000 (-21.43%)

$690,138,000 (5.84%)

Research & Development Expense

$278,740,000 (-5.67%)

$295,503,000 (12.87%)

$261,807,000 (-6.42%)

$279,781,000 (-7.61%)

Operating Expenses

$1,217,883,000 (53.40%)

$793,918,000 (-3.05%)

$818,898,000 (-15.57%)

$969,919,000 (1.58%)

Interest Expense

$4,847,000 (-53.48%)

$10,420,000 (-18.40%)

$12,770,000 (-11.78%)

$14,475,000 (-80.84%)

Income Tax Expense

$13,485,000 (-28.48%)

$18,856,000 (-45.46%)

$34,575,000 (34.30%)

$25,745,000 (-7.48%)

Net Loss Income from Discontinued Operations

$0 (0%)

$0 (0%)

$0 (0%)

-$35,567,000 (0%)

Consolidated Income

-$242,638,000 (-189.07%)

$272,418,000 (168.21%)

$101,568,000 (208.07%)

-$93,984,000 (-106.81%)

Net Income to Non-Controlling Interests

-$96,402,000 (-227.92%)

-$29,398,000 (-7.59%)

-$27,323,000 (-99.57%)

-$13,691,000 (-296.40%)

Net Income

-$146,236,000 (-148.45%)

$301,816,000 (134.16%)

$128,891,000 (260.53%)

-$80,293,000 (-105.85%)

Preferred Dividends Income Statement Impact

$1,388,000 (103.05%)

-$45,535,000 (-583.08%)

$9,426,000 (2.06%)

$9,236,000 (-3.43%)

Net Income Common Stock

-$147,624,000 (-142.50%)

$347,351,000 (190.76%)

$119,465,000 (233.44%)

-$89,529,000 (-106.57%)

Weighted Average Shares

$1,157,854,559 (-11.53%)

$1,308,695,642 (-9.08%)

$1,439,390,191 (-9.97%)

$1,598,855,773 (-1.29%)

Weighted Average Shares Diluted

$1,157,854,559 (-20.86%)

$1,462,976,544 (-11.09%)

$1,645,448,440

-

Earning Before Interest & Taxes (EBIT)

-$127,904,000 (-138.63%)

$331,092,000 (87.87%)

$176,236,000 (539.79%)

-$40,073,000 (-102.71%)

Gross Profit

$806,203,000 (-0.84%)

$813,028,000 (-4.59%)

$852,128,000 (1.70%)

$837,901,000 (55.17%)

Operating Income

-$411,680,000 (-2254.26%)

$19,110,000 (-42.49%)

$33,230,000 (125.17%)

-$132,018,000 (68.18%)

JOYY Cash Flow Statement (MRY)


Metric

2024

2023

2022

2021

Net Cash Flow from Investing

-$210,249,000 (-150.01%)

$420,373,000 (182.38%)

-$510,284,000 (-164.63%)

$789,593,000 (0.90%)

Net Cash Flow from Financing

-$707,831,000 (15.91%)

-$841,745,000 (-161.49%)

-$321,909,000 (55.51%)

-$723,536,000 (-433.97%)

Net Cash Flow from Operations

$308,657,000 (4.42%)

$295,579,000 (-6.61%)

$316,494,000 (50.41%)

$210,416,000 (-57.50%)

Net Cash Flow / Change in Cash & Cash Equivalents

-$609,423,000 (-384.46%)

-$125,793,000 (75.61%)

-$515,699,000 (-286.53%)

$276,473,000 (-75.79%)

Net Cash Flow - Business Acquisitions and Disposals

$71,509,000 (6716.87%)

$1,049,000 (114.55%)

-$7,211,000 (-252.23%)

$4,737,000 (-80.21%)

Net Cash Flow - Investment Acquisitions and Disposals

-$191,098,000 (-138.46%)

$496,930,000 (215.10%)

-$431,754,000 (34.99%)

-$664,150,000 (-182.34%)

Capital Expenditure

-$83,776,000 (-7.16%)

-$78,182,000 (-26.69%)

-$61,711,000 (66.02%)

-$181,633,000 (-19.40%)

Issuance (Repayment) of Debt Securities

-$448,516,000 (-6.89%)

-$419,607,000 (-663.62%)

-$54,950,000 (67.68%)

-$170,001,000 (-843.73%)

Issuance (Purchase) of Equity Shares

-$259,315,000 (5.26%)

-$273,716,000 (-98.23%)

-$138,079,000 (65.36%)

-$398,637,000 (-275.99%)

Payment of Dividends & Other Cash Distributions

$0 (0%)

-$84,197,000 (42.30%)

-$145,925,000 (8.88%)

-$160,143,000 (-148.06%)

Effect of Exchange Rate Changes on Cash

$5,789,000 (748.83%)

$682,000 (101.28%)

-$53,233,000 (-238.45%)

$38,448,000 (54.04%)

Share Based Compensation

$23,200,000 (-27.45%)

$31,979,000 (-27.48%)

$44,096,000 (32.10%)

$33,382,000 (-63.78%)

Depreciation Amortization & Accretion

$37,090,000 (-37.26%)

$59,117,000 (-39.78%)

$98,175,000 (-15.14%)

$115,695,000 (23.14%)

JOYY Financial Metrics (MRY)


Metric

2024

2023

2022

2021

Gross Margin

36.00% (0.56%)

35.80% (1.42%)

35.30% (10.31%)

32.00% (13.48%)

Profit Margin

-6.60% (-143.14%)

15.30% (206.00%)

5.00% (247.06%)

-3.40% (-104.78%)

EBITDA Margin

-4.10% (-123.84%)

17.20% (50.88%)

11.40% (293.10%)

2.90% (-96.46%)

Return on Average Equity (ROAE)

-2.90% (-142.65%)

6.80% (209.09%)

2.20% (237.50%)

-1.60% (-107.11%)

Return on Average Assets (ROAA)

-1.80% (-145.00%)

4.00% (207.69%)

1.30% (230.00%)

-1.00% (-105.99%)

Return on Sales (ROS)

-5.70% (-139.04%)

14.60% (100.00%)

7.30% (586.67%)

-1.50% (-101.95%)

Return on Invested Capital (ROIC)

-9.40% (-139.50%)

23.80% (230.56%)

7.20% (523.53%)

-1.70% (-104.93%)

Dividend Yield

0% (0%)

3.10% (-52.31%)

6.50% (44.44%)

4.50% (350.00%)

Price to Earnings Ratio (P/E)

-16.1 (-318.93%)

7.35 (-62.76%)

19.74 (152.15%)

-37.86 (-904.63%)

Price to Sales Ratio (P/S)

1.08 (-5.41%)

1.15 (21.42%)

0.94 (-32.01%)

1.39 (-58.93%)

Price to Book Ratio (P/B)

0.48 (2.14%)

0.47 (8.33%)

0.43 (-34.25%)

0.66 (-36.77%)

Debt to Equity Ratio (D/E)

0.58 (-5.37%)

0.61 (-10.74%)

0.69 (9.02%)

0.63 (120.98%)

Earnings Per Share (EPS)

-2.6 (-148.15%)

5.4 (237.50%)

1.6 (233.33%)

-1.2 (-107.06%)

Sales Per Share (SPS)

38.65 (11.53%)

34.66 (3.44%)

33.51 (2.27%)

32.76 (38.32%)

Free Cash Flow Per Share (FCFPS)

3.88 (16.92%)

3.32 (-6.16%)

3.54 (883.33%)

0.36 (-91.50%)

Book Value Per Share (BVPS)

81.39 (3.28%)

78.81 (9.53%)

71.95 (4.04%)

69.15 (-10.18%)

Tangible Assets Book Value Per Share (TABVPS)

82.1 (3.62%)

79.24 (0.15%)

79.12 (-2.39%)

81.05 (16.80%)

Enterprise Value Over EBIT (EV/EBIT)

-11 (-375.00%)

4 (-55.56%)

9 (124.32%)

-37 (-1025.00%)

Enterprise Value Over EBITDA (EV/EBITDA)

-16 (-557.84%)

3.49 (-41.05%)

5.93 (-69.38%)

19.36 (449.19%)

Asset Turnover

0.28 (5.32%)

0.26 (-1.50%)

0.27 (-4.64%)

0.28 (19.15%)

Current Ratio

0.96 (-27.58%)

1.32 (-12.70%)

1.51 (-25.11%)

2.02 (-51.14%)

Dividends

$0 (0%)

$1.22 (-40.20%)

$2.04 (0.00%)

$2.04 (148.78%)

Free Cash Flow (FCF)

$224,881,000 (3.44%)

$217,397,000 (-14.67%)

$254,783,000 (785.19%)

$28,783,000 (-91.61%)

Enterprise Value (EV)

$1,452,710,606 (6.54%)

$1,363,512,500 (-16.17%)

$1,626,452,550 (11.10%)

$1,463,949,888 (-73.55%)

Earnings Before Tax (EBT)

-$132,751,000 (-141.40%)

$320,672,000 (96.17%)

$163,466,000 (399.67%)

-$54,548,000 (-103.89%)

Earnings Before Interest Taxes & Depreciation Amortization (EBITDA)

-$90,814,000 (-123.27%)

$390,209,000 (42.20%)

$274,411,000 (262.87%)

$75,622,000 (-95.18%)

Invested Capital

$1,318,492,000 (9.53%)

$1,203,718,000 (-40.18%)

$2,012,120,000 (-27.47%)

$2,774,365,000 (-27.63%)

Working Capital

-$117,811,000 (-111.95%)

$986,233,000 (-37.30%)

$1,572,965,000 (-38.52%)

$2,558,427,000 (-13.48%)

Tangible Asset Value

$4,753,101,000 (-8.33%)

$5,184,799,000 (-8.94%)

$5,694,041,000 (-12.12%)

$6,479,615,000 (15.30%)

Market Capitalization

$2,252,725,606 (-6.66%)

$2,413,561,500 (7.84%)

$2,237,993,550 (-38.38%)

$3,631,800,888 (-43.93%)

Average Equity

$5,059,205,750 (-0.64%)

$5,091,617,750 (-4.84%)

$5,350,314,750 (-5.72%)

$5,674,950,750 (-6.31%)

Average Assets

$8,066,091,250 (-6.37%)

$8,615,078,500 (-4.75%)

$9,044,532,250 (-3.19%)

$9,342,994,250 (14.34%)

Invested Capital Average

$1,366,766,750 (-1.78%)

$1,391,504,000 (-43.51%)

$2,463,096,250 (5.80%)

$2,328,102,750 (-45.57%)

Shares

1,076,571,377 (-11.46%)

1,215,900,000 (-14.19%)

1,416,900,000 (-11.38%)

1,598,855,773 (-1.29%)