JOYY Inc. (JOYY) 10-Year Financial Performance & Capital Metrics

JOYY • • Industrial / General

Communication ServicesInternet ServicesSocial Networking & CommunicationSpecialized Social Platforms

AboutJOYY Inc., together with its subsidiaries, operates social media platforms that offer users engaging and experience across various video and audio-based social platforms. The company operates Bigo Live, a live streaming platform that allows users to live stream specific moments, such as showcase talents, socialize, and connect with other users worldwide; Likee, a short-form video social platform that focuses on enabling users to create short-form video; Hago, a casual game-oriented social platform; and imo, a chat and instant messaging application with functions, including video calls and other communication tools, such as group calls, document sharing, etc.. It operates in the People's Republic of China, the United States, the Great Britain, Japan, South Korea, Australia, the Middle East, and Southeast Asia and others. The company was formerly known as YY Inc. and changed its name to JOYY Inc. in December 2019. JOYY Inc. was founded in 2005 and is headquartered in Singapore.Show more

Revenue $2.24B -1.3%
EBITDA -$286M -286.9%
Net Income -$146M -148.5%
EPS (Diluted) -2.60 -154.2%
Gross Margin 36.03% +0.5%
EBITDA Margin -12.77% -289.4%
Operating Margin -18.13% -1526.6%
Net Margin -6.53% -149.1%
ROE -2.91% -152.0%
ROIC -6.72% -1639.8%
Debt/Equity 0.01 -92.9%
Interest Coverage -83.69 -3126.2%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓Share count reduced 20.9% through buybacks
✓Healthy 5Y average net margin of 15.9%
✓Trading near 52-week high
✓Trading at only 0.9x book value

✗Weaknesses

✗Weak 3Y average ROE of 1.7%
✗Sales declining 9.3% over 5 years
✗Low asset turnover indicates capital-intensive operations

Price & Volume

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Growth Metrics

Revenue CAGR

10Y14.2%

5Y-9.35%

3Y-5.11%

TTM-1.33%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-148.45%

EPS CAGR

10Y-

5Y-

3Y-

TTM-175.8%

ROCE

10Y Avg8.64%

5Y Avg-2.93%

3Y Avg-2.2%

Latest-7.92%

Peer Comparison

Specialized Social Platforms

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
MOMOHello Group Inc.	828.85M	6.95	1.25	-11.98%	8.17%	7.77%	100%	0.40
NXDRNextdoor Holdings, Inc.	479.15M	1.96	-7.84	13.27%	-24.58%	-14.5%		0.09
JOYYJOYY Inc.	2.42B	69.89	-26.88	-1.33%	-6.53%	-3.07%	9.26%	0.01

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	908.41M	1.18B	1.78B	2.29B	3.66B	1.92B	2.62B	2.41B	2.27B	2.24B
Revenue Growth %	0.53%	0.3%	0.5%	0.29%	0.6%	-0.48%	0.37%	-0.08%	-0.06%	-0.01%
Cost of Goods Sold+	551.42M	734.96M	1.08B	1.46B	2.45B	1.46B	1.78B	1.56B	1.45B	1.43B
COGS % of Revenue	0.61%	0.62%	0.61%	0.64%	0.67%	0.76%	0.68%	0.65%	0.64%	0.64%
Gross Profit+	356.99M	446.53M	699.74M	835.36M	1.2B	569.6M	837.9M	852.13M	813.03M	806.2M
Gross Margin %	0.39%	0.38%	0.39%	0.36%	0.33%	0.3%	0.32%	0.35%	0.36%	0.36%
Gross Profit Growth %	0.21%	0.25%	0.57%	0.19%	0.44%	-0.53%	0.47%	0.02%	-0.05%	-0.01%
Operating Expenses+	175.27M	203.84M	291.73M	451.63M	1.06B	1B	949.54M	801.39M	784.21M	1.21B
OpEx % of Revenue	0.19%	0.17%	0.16%	0.2%	0.29%	0.52%	0.36%	0.33%	0.35%	0.54%
Selling, General & Admin	103.41M	125.25M	189.31M	295.47M	747.37M	688.99M	690.14M	542.26M	492.24M	485.85M
SG&A % of Revenue	0.11%	0.11%	0.11%	0.13%	0.2%	0.36%	0.26%	0.22%	0.22%	0.22%
Research & Development	84.54M	97.24M	119.76M	173.29M	362.38M	320.94M	279.78M	261.81M	295.5M	278.74M
R&D % of Revenue	0.09%	0.08%	0.07%	0.08%	0.1%	0.17%	0.11%	0.11%	0.13%	0.12%
Other Operating Expenses	-333.5K	954K	24.31M	-290.74K	-46.04M	-8.59M	-20.38M	-2.67M	-3.53M	447.24M
Operating Income+	179M	255.12M	413.44M	383.73M	76.48M	-414.88M	-132.02M	50.73M	28.82M	-405.63M
Operating Margin %	0.2%	0.22%	0.23%	0.17%	0.02%	-0.22%	-0.05%	0.02%	0.01%	-0.18%
Operating Income Growth %	0.03%	0.43%	0.62%	-0.07%	-0.8%	-6.42%	0.68%	1.38%	-0.43%	-15.08%
EBITDA+	207.69M	294.65M	450.07M	415.73M	245.66M	-211.5M	50.91M	205.06M	152.84M	-285.67M
EBITDA Margin %	0.23%	0.25%	0.25%	0.18%	0.07%	-0.11%	0.02%	0.09%	0.07%	-0.13%
EBITDA Growth %	0.11%	0.42%	0.53%	-0.08%	-0.41%	-1.86%	1.24%	3.03%	-0.25%	-2.87%
D&A (Non-Cash Add-back)	28.7M	39.53M	36.63M	31.99M	169.18M	203.38M	182.93M	154.33M	124.03M	119.96M
EBIT	194.03M	268.57M	447.76M	83.37M	-56.63M	89.21M	-63.11M	647.34M	298.4M	47.67M
Net Interest Income+	6.28M	-2M	22.71M	46.35M	23.63M	13.52M	76.76M	80.38M	174.79M	170.71M
Interest Income	21.24M	9.68M	27.63M	47.6M	61.75M	89.08M	91.23M	93.15M	185.21M	175.56M
Interest Expense	14.96M	11.68M	4.92M	1.25M	38.11M	75.56M	14.47M	12.77M	10.42M	4.85M
Other Income/Expense	77.48K	1.78M	29.4M	-265.27M	-169.32M	428.53M	54.43M	583.84M	259.16M	175.08M
Pretax Income+	179.07M	256.89M	442.84M	368.44M	601.43M	13.66M	-77.59M	634.57M	287.98M	-230.54M
Pretax Margin %	0.2%	0.22%	0.25%	0.16%	0.16%	0.01%	-0.03%	0.26%	0.13%	-0.1%
Income Tax+	27.47M	40.4M	63.69M	69.44M	78.12M	27.82M	25.75M	34.58M	18.86M	13.48M
Effective Tax Rate %	0.89%	0.85%	0.86%	0.87%	0.82%	100.53%	1.33%	0.2%	1.05%	0.63%
Net Income+	159.16M	219.46M	381.89M	321.12M	492.4M	1.37B	-103.33M	128.89M	301.82M	-146.24M
Net Margin %	0.18%	0.19%	0.22%	0.14%	0.13%	0.72%	-0.04%	0.05%	0.13%	-0.07%
Net Income Growth %	-0.07%	0.38%	0.74%	-0.16%	0.53%	1.79%	-1.08%	2.25%	1.34%	-1.48%
Net Income (Continuing)	153.78M	217.69M	384.21M	89.8M	0	-14.17M	-103.33M	600M	269.12M	-244.03M
Discontinued Operations	0	0	0	0	476.07M	1.4B	226.03M	0	0	0
Minority Interest	10.7M	2.21M	95.99M	476.16M	831.52M	78.01M	99.97M	324.51M	133.33M	47.77M
EPS (Diluted)+	2.80	3.80	6.40	5.00	6.40	17.00	-1.15	1.60	4.80	-2.60
EPS Growth %	0%	0.36%	0.68%	-0.22%	0.28%	1.66%	-1.07%	2.39%	2%	-1.54%
EPS (Basic)	2.80	3.80	6.40	5.00	6.40	17.00	-1.15	1.66	5.40	-2.60
Diluted Shares Outstanding	57.54M	60.81M	60.83M	64.7M	77.22M	80.01M	78.1M	73.64M	73.15M	57.89M
Basic Shares Outstanding	56.26M	56.37M	59.32M	64.04M	73.37M	80.01M	78.1M	71.97M	65.43M	56.78M
Dividend Payout Ratio	-	-	-	-	-	0.05%	-	1.13%	0.28%	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	559.15M	859.82M	1.55B	2.4B	4.12B	3.9B	5.07B	4.64B	4.07B	2.56B
Cash & Short-Term Investments	434.99M	767.77M	1.34B	2.08B	3.76B	3.55B	4.39B	3.94B	3.31B	1.81B
Cash Only	143.09M	227.5M	400.91M	872.83M	556.47M	1.74B	1.84B	1.21B	1.06B	444.76M
Short-Term Investments	291.9M	540.27M	938.11M	1.21B	3.2B	1.81B	2.55B	2.72B	2.25B	1.36B
Accounts Receivable	27.55M	60.06M	38.51M	198.43M	169.11M	212.84M	273.82M	230.38M	293.89M	122.33M
Days Sales Outstanding	11.07	18.55	7.91	31.61	16.89	40.5	38.16	34.87	47.3	19.95
Inventory	2.22M	326.33K	48.25K	31.59M	94.03M	97.62M	297.31M	351.11M	2.15M	0
Days Inventory Outstanding	1.47	0.16	0.02	7.92	14	24.48	60.93	82.18	0.54	-
Other Current Assets	652.63M	224.73M	1.22B	1.79B	96.07M	17.64M	95.24M	113.38M	451.8M	376.74M
Total Non-Current Assets+	569.66M	549.47M	663.11M	1.35B	3.35B	4.19B	4.05B	4.43B	4.41B	4.96B
Property, Plant & Equipment	129.92M	120.79M	155.77M	188.45M	361.88M	422.7M	381.96M	376.4M	420.85M	505.38M
Fixed Asset Turnover	6.99x	9.78x	11.40x	12.16x	10.10x	4.54x	6.86x	6.41x	5.39x	4.43x
Goodwill	23.36M	2.06M	1.79M	1.71M	1.85B	1.87B	1.96B	2.65B	2.65B	2.19B
Intangible Assets	22.56M	278.14M	286.46M	270.29M	702.67M	602.21M	682.13M	728.3M	649.78M	580.37M
Long-Term Investments	87.43M	132.29M	176.61M	667.47M	337.71M	1.24B	1.02B	660.4M	544.54M	530.68M
Other Non-Current Assets	305.88M	14.68M	25.16M	210.59M	74.81M	36.21M	4.88M	12.59M	16.76M	1.15B
Total Assets+	1.13B	1.41B	2.21B	3.75B	7.46B	8.08B	9.12B	9.07B	8.48B	7.52B
Asset Turnover	0.80x	0.84x	0.80x	0.61x	0.49x	0.24x	0.29x	0.27x	0.27x	0.30x
Asset Growth %	0.02%	0.25%	0.57%	0.69%	0.99%	0.08%	0.13%	-0.01%	-0.06%	-0.11%
Total Current Liabilities+	213.26M	675.49M	481.84M	560.11M	1.09B	942.9M	2.51B	3.07B	3.09B	2.67B
Accounts Payable	20M	19.75M	11.69M	16.66M	17.27M	20.96M	18.01M	56M	66.75M	84.02M
Days Payables Outstanding	13.24	9.81	3.97	4.18	2.57	5.25	3.69	13.11	16.75	21.42
Short-Term Debt	0	398.7M	90.1M	997.67K	79.64M	112.55M	11.04M	472.36M	457.72M	10.32M
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	6.39M	13.13M	16.36M	18.11M	405.26M	215.67M	1.89B	1.93B	2.3B	150.53M
Current Ratio	2.62x	1.27x	3.22x	4.28x	3.77x	4.13x	2.02x	1.51x	1.32x	0.96x
Quick Ratio	2.61x	1.27x	3.22x	4.22x	3.68x	4.03x	1.90x	1.40x	1.32x	0.96x
Cash Conversion Cycle	-0.7	8.91	3.96	35.35	28.32	59.73	95.39	103.95	31.09	-
Total Non-Current Liabilities+	405.89M	4.83M	11.5M	17.33M	812.95M	836.24M	979.82M	497.24M	107.44M	93.95M
Long-Term Debt	396.21M	0	1M	0	715.84M	779.23M	924.08M	401.17M	0	0
Capital Lease Obligations	9.52M	0	80.41M	0	13.24M	8.12M	5.73M	21.6M	18.42M	9.95M
Deferred Tax Liabilities	2.59M	1.16M	1.66M	4M	37.82M	42.37M	36.21M	64.26M	53.95M	47.63M
Other Non-Current Liabilities	9.52M	-28.69M	80.41M	0	0	4.42M	7.37M	436K	22.13M	23.73M
Total Liabilities	619.15M	680.31M	493.34M	577.44M	1.9B	1.78B	3.49B	3.57B	3.19B	2.76B
Total Debt+	400.1M	398.7M	91.1M	997.67K	835.26M	918.64M	940.85M	907.58M	488.53M	31.04M
Net Debt	257.01M	171.19M	-309.81M	-871.84M	278.78M	-827.46M	-896.33M	-306.87M	-575.42M	-413.72M
Debt / Equity	0.79x	0.55x	0.05x	0.00x	0.15x	0.15x	0.17x	0.16x	0.09x	0.01x
Debt / EBITDA	1.93x	1.35x	0.20x	0.00x	3.40x	-	18.48x	4.43x	3.20x	-
Net Debt / EBITDA	1.24x	0.58x	-0.69x	-2.10x	1.13x	-	-17.61x	-1.50x	-3.76x	-
Interest Coverage	11.96x	21.85x	84.03x	306.37x	2.01x	-5.49x	-9.12x	3.97x	2.77x	-83.69x
Total Equity+	509.66M	728.97M	1.72B	3.17B	5.56B	6.31B	5.63B	5.5B	5.29B	4.76B
Equity Growth %	0.02%	0.43%	1.36%	0.84%	0.75%	0.13%	-0.11%	-0.02%	-0.04%	-0.1%
Book Value per Share	8.86	11.99	28.30	48.97	71.97	78.81	72.06	74.72	72.32	82.22
Total Shareholders' Equity	498.96M	726.76M	1.63B	2.69B	4.73B	6.23B	5.53B	5.18B	5.16B	4.71B
Common Stock	10.78K	10.08K	12.25K	11.63K	14.86K	16K	16K	16K	12K	10K
Retained Earnings	185.95M	392.97M	799.26M	1.01B	1.47B	2.88B	2.71B	2.69B	2.95B	2.84B
Treasury Stock	0	0	0	0	-168.07M	-139.53M	-3.35B	-4.52B	-913.94M	-1.22B
Accumulated OCI	3.1M	21.88M	8.14M	63.65M	148.66M	36.3M	95.98M	-129.7M	-159.3M	-247.62M
Minority Interest	10.7M	2.21M	95.99M	476.16M	831.52M	78.01M	99.97M	324.51M	133.33M	47.77M

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	280.88M	348.68M	569.56M	649.05M	654.83M	495.15M	210.42M	316.49M	295.58M	308.66M
Operating CF Margin %	0.31%	0.3%	0.32%	0.28%	0.18%	0.26%	0.08%	0.13%	0.13%	0.14%
Operating CF Growth %	0.34%	0.24%	0.63%	0.14%	0.01%	-0.24%	-0.58%	0.5%	-0.07%	0.04%
Net Income	153.78M	217.69M	384.21M	307.56M	528.82M	-11.42M	-93.98M	101.57M	272.42M	-242.64M
Depreciation & Amortization	28.7M	39.53M	36.63M	31.99M	169.18M	203.38M	182.93M	163.38M	132.5M	102.61M
Stock-Based Compensation	28.55M	22.65M	39.47M	94.2M	135.51M	92.16M	33.38M	44.1M	31.98M	23.2M
Deferred Taxes	-3.86M	-1.12M	600.27K	7.22M	-24.02M	12.62M	-9.8M	-1.94M	-11.81M	-7.98M
Other Non-Cash Items	17.7M	1.43M	-5.55M	86.17M	-342.13M	171.74M	208.95M	36.57M	-76.97M	469.29M
Working Capital Changes	56.01M	68.49M	114.2M	121.91M	187.47M	26.67M	-111.05M	-27.18M	-52.54M	-35.82M
Change in Receivables	19.04M	-4.94M	2.82M	-6.64M	-22.49M	-55.75M	28.06M	-20.2M	-32.42M	-5.96M
Change in Inventory	-1.71M	97.93K	219.65K	45.79K	151.8M	61.42M	-120.07M	0	0	0
Change in Payables	-3.49M	5.31M	-5.98M	1.26M	-3.76M	-81.35M	-18.52M	19.05M	-5.56M	-22.73M
Cash from Investing+	-161.44M	-256.8M	-618.43M	-915.16M	-2.23B	782.54M	789.59M	-510.28M	420.37M	-210.25M
Capital Expenditures	-41.71M	-33.47M	-63.58M	-57.11M	-156.15M	-161.83M	-184.88M	-69.22M	-81.57M	-83.72M
CapEx % of Revenue	0.05%	0.03%	0.04%	0.02%	0.04%	0.08%	0.07%	0.03%	0.04%	0.04%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-433.19M	48.05M	-162.91M	-220.55M	71.97M	100.44M	1.59B	-66.15M	4.43M	-6.13M
Cash from Financing+	-51.93M	1.53M	213.29M	605.8M	1.35B	-134.41M	-723.54M	-321.91M	-841.75M	-707.83M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	-64.56M	-160.14M	-145.93M	-84.2M	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	1.24M	1.53M	87.99M	696.06M	399.76M	13.31M	5.25M	17.05M	-64.05M	113K
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	239.17M	315.2M	505.98M	591.94M	498.68M	362.27M	25.54M	247.28M	213.57M	224.16M
FCF Margin %	0.26%	0.27%	0.28%	0.26%	0.14%	0.19%	0.01%	0.1%	0.09%	0.1%
FCF Growth %	0.35%	0.32%	0.61%	0.17%	-0.16%	-0.27%	-0.93%	8.68%	-0.14%	0.05%
FCF per Share	4.16	5.18	8.32	9.15	6.46	4.53	0.33	3.36	2.92	3.87
FCF Conversion (FCF/Net Income)	1.76x	1.59x	1.49x	2.02x	1.33x	0.36x	-2.04x	2.46x	0.98x	-2.11x
Interest Paid	12.04M	8.62M	6.39M	1.36M	7.76M	14.32M	15.48M	8.71M	7.83M	3.02M
Taxes Paid	28.52M	36.71M	62.24M	51.6M	71.51M	67.8M	29.93M	19.15M	22.08M	29.05M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	31.58%	35.44%	31.17%	13.13%	11.29%	23.15%	-1.73%	2.32%	5.59%	-2.91%
Return on Invested Capital (ROIC)	16.96%	22.96%	26.83%	15.52%	1.41%	-5.5%	-1.94%	0.77%	0.44%	-6.72%
Gross Margin	39.3%	37.79%	39.4%	36.45%	32.95%	29.7%	31.99%	35.34%	35.85%	36.03%
Net Margin	17.52%	18.58%	21.5%	14.01%	13.47%	71.57%	-3.95%	5.34%	13.31%	-6.53%
Debt / Equity	0.79x	0.55x	0.05x	0.00x	0.15x	0.15x	0.17x	0.16x	0.09x	0.01x
Interest Coverage	11.96x	21.85x	84.03x	306.37x	2.01x	-5.49x	-9.12x	3.97x	2.77x	-83.69x
FCF Conversion	1.76x	1.59x	1.49x	2.02x	1.33x	0.36x	-2.04x	2.46x	0.98x	-2.11x
Revenue Growth	53.19%	30.06%	50.32%	29.03%	59.52%	-47.53%	36.54%	-7.92%	-5.96%	-1.33%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Live streaming	-	7.03B	10.67B	14.88B	-	-	63.45M	58.42M	63.3M	56.82M
Live streaming Growth	-	-	51.85%	39.42%	-	-	-	-7.92%	8.35%	-10.25%
Others	-	-	-	-	-	-	-	-	22.71M	16.86M
Others Growth	-	-	-	-	-	-	-	-	-	-25.78%
Others,	-	-	-	-	-	-	-	23.05M	-	-
Others, Growth	-	-	-	-	-	-	-	-	-	-
Live Streaming	-	-	-	-	842.04M	161.87M	-	-	-	-
Live Streaming Growth	-	-	-	-	-	-80.78%	-	-	-	-
Online Game Revenue	771.88M	634.33M	543.86M	-	-	-	-	-	-	-
Online Game Revenue Growth	-	-17.82%	-14.26%	-	-	-	-	-	-	-
Membership	-	284.86M	197.56M	-	-	-	-	-	-	-
Membership Growth	-	-	-30.65%	-	-	-	-	-	-	-

Revenue by Geography

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Developed countries	-	-	-	-	-	-	872.97M	866.11M	968.23M	1.21B
Developed countries Growth	-	-	-	-	-	-	-	-0.79%	11.79%	24.63%
Southeast Asia and others	-	-	-	-	-	-	642.53M	556.48M	510.54M	479.68M
Southeast Asia and others Growth	-	-	-	-	-	-	-	-13.39%	-8.25%	-6.04%
Middle East	-	-	-	-	-	-	621.77M	514.99M	441.28M	317.85M
Middle East Growth	-	-	-	-	-	-	-	-17.17%	-14.31%	-27.97%
PRC	-	-	-	-	-	-	481.77M	473.94M	347.82M	233.58M
PRC Growth	-	-	-	-	-	-	-	-1.63%	-26.61%	-32.85%

Frequently Asked Questions

Growth & Financials

JOYY Inc. (JOYY) reported $2.24B in revenue for fiscal year 2024. This represents a 4300% increase from $50.9M in 2011.

JOYY Inc. (JOYY) saw revenue decline by 1.3% over the past year.

JOYY Inc. (JOYY) reported a net loss of $146.2M for fiscal year 2024.

Dividend & Returns

JOYY Inc. (JOYY) has a return on equity (ROE) of -2.9%. Negative ROE indicates the company is unprofitable.

JOYY Inc. (JOYY) generated $224.2M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

US Stock Screener

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JOYY Inc. (JOYY) 10-Year Financial Performance & Capital Metrics

JOYY • • Industrial / General

Communication ServicesInternet ServicesSocial Networking & CommunicationSpecialized Social Platforms

Revenue $2.24B -1.3%
EBITDA -$286M -286.9%
Net Income -$146M -148.5%
EPS (Diluted) -2.60 -154.2%
Gross Margin 36.03% +0.5%
EBITDA Margin -12.77% -289.4%
Operating Margin -18.13% -1526.6%
Net Margin -6.53% -149.1%
ROE -2.91% -152.0%
ROIC -6.72% -1639.8%
Debt/Equity 0.01 -92.9%
Interest Coverage -83.69 -3126.2%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓Share count reduced 20.9% through buybacks
✓Healthy 5Y average net margin of 15.9%
✓Trading near 52-week high
✓Trading at only 0.9x book value

✗Weaknesses

✗Weak 3Y average ROE of 1.7%
✗Sales declining 9.3% over 5 years
✗Low asset turnover indicates capital-intensive operations

Price & Volume

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Growth Metrics

Revenue CAGR

10Y14.2%

5Y-9.35%

3Y-5.11%

TTM-1.33%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-148.45%

EPS CAGR

10Y-

5Y-

3Y-

TTM-175.8%

ROCE

10Y Avg8.64%

5Y Avg-2.93%

3Y Avg-2.2%

Latest-7.92%

Peer Comparison

Specialized Social Platforms

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
MOMOHello Group Inc.	828.85M	6.95	1.25	-11.98%	8.17%	7.77%	100%	0.40
NXDRNextdoor Holdings, Inc.	479.15M	1.96	-7.84	13.27%	-24.58%	-14.5%		0.09
JOYYJOYY Inc.	2.42B	69.89	-26.88	-1.33%	-6.53%	-3.07%	9.26%	0.01

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	908.41M	1.18B	1.78B	2.29B	3.66B	1.92B	2.62B	2.41B	2.27B	2.24B
Revenue Growth %	0.53%	0.3%	0.5%	0.29%	0.6%	-0.48%	0.37%	-0.08%	-0.06%	-0.01%
Cost of Goods Sold+	551.42M	734.96M	1.08B	1.46B	2.45B	1.46B	1.78B	1.56B	1.45B	1.43B
COGS % of Revenue	0.61%	0.62%	0.61%	0.64%	0.67%	0.76%	0.68%	0.65%	0.64%	0.64%
Gross Profit+	356.99M	446.53M	699.74M	835.36M	1.2B	569.6M	837.9M	852.13M	813.03M	806.2M
Gross Margin %	0.39%	0.38%	0.39%	0.36%	0.33%	0.3%	0.32%	0.35%	0.36%	0.36%
Gross Profit Growth %	0.21%	0.25%	0.57%	0.19%	0.44%	-0.53%	0.47%	0.02%	-0.05%	-0.01%
Operating Expenses+	175.27M	203.84M	291.73M	451.63M	1.06B	1B	949.54M	801.39M	784.21M	1.21B
OpEx % of Revenue	0.19%	0.17%	0.16%	0.2%	0.29%	0.52%	0.36%	0.33%	0.35%	0.54%
Selling, General & Admin	103.41M	125.25M	189.31M	295.47M	747.37M	688.99M	690.14M	542.26M	492.24M	485.85M
SG&A % of Revenue	0.11%	0.11%	0.11%	0.13%	0.2%	0.36%	0.26%	0.22%	0.22%	0.22%
Research & Development	84.54M	97.24M	119.76M	173.29M	362.38M	320.94M	279.78M	261.81M	295.5M	278.74M
R&D % of Revenue	0.09%	0.08%	0.07%	0.08%	0.1%	0.17%	0.11%	0.11%	0.13%	0.12%
Other Operating Expenses	-333.5K	954K	24.31M	-290.74K	-46.04M	-8.59M	-20.38M	-2.67M	-3.53M	447.24M
Operating Income+	179M	255.12M	413.44M	383.73M	76.48M	-414.88M	-132.02M	50.73M	28.82M	-405.63M
Operating Margin %	0.2%	0.22%	0.23%	0.17%	0.02%	-0.22%	-0.05%	0.02%	0.01%	-0.18%
Operating Income Growth %	0.03%	0.43%	0.62%	-0.07%	-0.8%	-6.42%	0.68%	1.38%	-0.43%	-15.08%
EBITDA+	207.69M	294.65M	450.07M	415.73M	245.66M	-211.5M	50.91M	205.06M	152.84M	-285.67M
EBITDA Margin %	0.23%	0.25%	0.25%	0.18%	0.07%	-0.11%	0.02%	0.09%	0.07%	-0.13%
EBITDA Growth %	0.11%	0.42%	0.53%	-0.08%	-0.41%	-1.86%	1.24%	3.03%	-0.25%	-2.87%
D&A (Non-Cash Add-back)	28.7M	39.53M	36.63M	31.99M	169.18M	203.38M	182.93M	154.33M	124.03M	119.96M
EBIT	194.03M	268.57M	447.76M	83.37M	-56.63M	89.21M	-63.11M	647.34M	298.4M	47.67M
Net Interest Income+	6.28M	-2M	22.71M	46.35M	23.63M	13.52M	76.76M	80.38M	174.79M	170.71M
Interest Income	21.24M	9.68M	27.63M	47.6M	61.75M	89.08M	91.23M	93.15M	185.21M	175.56M
Interest Expense	14.96M	11.68M	4.92M	1.25M	38.11M	75.56M	14.47M	12.77M	10.42M	4.85M
Other Income/Expense	77.48K	1.78M	29.4M	-265.27M	-169.32M	428.53M	54.43M	583.84M	259.16M	175.08M
Pretax Income+	179.07M	256.89M	442.84M	368.44M	601.43M	13.66M	-77.59M	634.57M	287.98M	-230.54M
Pretax Margin %	0.2%	0.22%	0.25%	0.16%	0.16%	0.01%	-0.03%	0.26%	0.13%	-0.1%
Income Tax+	27.47M	40.4M	63.69M	69.44M	78.12M	27.82M	25.75M	34.58M	18.86M	13.48M
Effective Tax Rate %	0.89%	0.85%	0.86%	0.87%	0.82%	100.53%	1.33%	0.2%	1.05%	0.63%
Net Income+	159.16M	219.46M	381.89M	321.12M	492.4M	1.37B	-103.33M	128.89M	301.82M	-146.24M
Net Margin %	0.18%	0.19%	0.22%	0.14%	0.13%	0.72%	-0.04%	0.05%	0.13%	-0.07%
Net Income Growth %	-0.07%	0.38%	0.74%	-0.16%	0.53%	1.79%	-1.08%	2.25%	1.34%	-1.48%
Net Income (Continuing)	153.78M	217.69M	384.21M	89.8M	0	-14.17M	-103.33M	600M	269.12M	-244.03M
Discontinued Operations	0	0	0	0	476.07M	1.4B	226.03M	0	0	0
Minority Interest	10.7M	2.21M	95.99M	476.16M	831.52M	78.01M	99.97M	324.51M	133.33M	47.77M
EPS (Diluted)+	2.80	3.80	6.40	5.00	6.40	17.00	-1.15	1.60	4.80	-2.60
EPS Growth %	0%	0.36%	0.68%	-0.22%	0.28%	1.66%	-1.07%	2.39%	2%	-1.54%
EPS (Basic)	2.80	3.80	6.40	5.00	6.40	17.00	-1.15	1.66	5.40	-2.60
Diluted Shares Outstanding	57.54M	60.81M	60.83M	64.7M	77.22M	80.01M	78.1M	73.64M	73.15M	57.89M
Basic Shares Outstanding	56.26M	56.37M	59.32M	64.04M	73.37M	80.01M	78.1M	71.97M	65.43M	56.78M
Dividend Payout Ratio	-	-	-	-	-	0.05%	-	1.13%	0.28%	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	559.15M	859.82M	1.55B	2.4B	4.12B	3.9B	5.07B	4.64B	4.07B	2.56B
Cash & Short-Term Investments	434.99M	767.77M	1.34B	2.08B	3.76B	3.55B	4.39B	3.94B	3.31B	1.81B
Cash Only	143.09M	227.5M	400.91M	872.83M	556.47M	1.74B	1.84B	1.21B	1.06B	444.76M
Short-Term Investments	291.9M	540.27M	938.11M	1.21B	3.2B	1.81B	2.55B	2.72B	2.25B	1.36B
Accounts Receivable	27.55M	60.06M	38.51M	198.43M	169.11M	212.84M	273.82M	230.38M	293.89M	122.33M
Days Sales Outstanding	11.07	18.55	7.91	31.61	16.89	40.5	38.16	34.87	47.3	19.95
Inventory	2.22M	326.33K	48.25K	31.59M	94.03M	97.62M	297.31M	351.11M	2.15M	0
Days Inventory Outstanding	1.47	0.16	0.02	7.92	14	24.48	60.93	82.18	0.54	-
Other Current Assets	652.63M	224.73M	1.22B	1.79B	96.07M	17.64M	95.24M	113.38M	451.8M	376.74M
Total Non-Current Assets+	569.66M	549.47M	663.11M	1.35B	3.35B	4.19B	4.05B	4.43B	4.41B	4.96B
Property, Plant & Equipment	129.92M	120.79M	155.77M	188.45M	361.88M	422.7M	381.96M	376.4M	420.85M	505.38M
Fixed Asset Turnover	6.99x	9.78x	11.40x	12.16x	10.10x	4.54x	6.86x	6.41x	5.39x	4.43x
Goodwill	23.36M	2.06M	1.79M	1.71M	1.85B	1.87B	1.96B	2.65B	2.65B	2.19B
Intangible Assets	22.56M	278.14M	286.46M	270.29M	702.67M	602.21M	682.13M	728.3M	649.78M	580.37M
Long-Term Investments	87.43M	132.29M	176.61M	667.47M	337.71M	1.24B	1.02B	660.4M	544.54M	530.68M
Other Non-Current Assets	305.88M	14.68M	25.16M	210.59M	74.81M	36.21M	4.88M	12.59M	16.76M	1.15B
Total Assets+	1.13B	1.41B	2.21B	3.75B	7.46B	8.08B	9.12B	9.07B	8.48B	7.52B
Asset Turnover	0.80x	0.84x	0.80x	0.61x	0.49x	0.24x	0.29x	0.27x	0.27x	0.30x
Asset Growth %	0.02%	0.25%	0.57%	0.69%	0.99%	0.08%	0.13%	-0.01%	-0.06%	-0.11%
Total Current Liabilities+	213.26M	675.49M	481.84M	560.11M	1.09B	942.9M	2.51B	3.07B	3.09B	2.67B
Accounts Payable	20M	19.75M	11.69M	16.66M	17.27M	20.96M	18.01M	56M	66.75M	84.02M
Days Payables Outstanding	13.24	9.81	3.97	4.18	2.57	5.25	3.69	13.11	16.75	21.42
Short-Term Debt	0	398.7M	90.1M	997.67K	79.64M	112.55M	11.04M	472.36M	457.72M	10.32M
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	6.39M	13.13M	16.36M	18.11M	405.26M	215.67M	1.89B	1.93B	2.3B	150.53M
Current Ratio	2.62x	1.27x	3.22x	4.28x	3.77x	4.13x	2.02x	1.51x	1.32x	0.96x
Quick Ratio	2.61x	1.27x	3.22x	4.22x	3.68x	4.03x	1.90x	1.40x	1.32x	0.96x
Cash Conversion Cycle	-0.7	8.91	3.96	35.35	28.32	59.73	95.39	103.95	31.09	-
Total Non-Current Liabilities+	405.89M	4.83M	11.5M	17.33M	812.95M	836.24M	979.82M	497.24M	107.44M	93.95M
Long-Term Debt	396.21M	0	1M	0	715.84M	779.23M	924.08M	401.17M	0	0
Capital Lease Obligations	9.52M	0	80.41M	0	13.24M	8.12M	5.73M	21.6M	18.42M	9.95M
Deferred Tax Liabilities	2.59M	1.16M	1.66M	4M	37.82M	42.37M	36.21M	64.26M	53.95M	47.63M
Other Non-Current Liabilities	9.52M	-28.69M	80.41M	0	0	4.42M	7.37M	436K	22.13M	23.73M
Total Liabilities	619.15M	680.31M	493.34M	577.44M	1.9B	1.78B	3.49B	3.57B	3.19B	2.76B
Total Debt+	400.1M	398.7M	91.1M	997.67K	835.26M	918.64M	940.85M	907.58M	488.53M	31.04M
Net Debt	257.01M	171.19M	-309.81M	-871.84M	278.78M	-827.46M	-896.33M	-306.87M	-575.42M	-413.72M
Debt / Equity	0.79x	0.55x	0.05x	0.00x	0.15x	0.15x	0.17x	0.16x	0.09x	0.01x
Debt / EBITDA	1.93x	1.35x	0.20x	0.00x	3.40x	-	18.48x	4.43x	3.20x	-
Net Debt / EBITDA	1.24x	0.58x	-0.69x	-2.10x	1.13x	-	-17.61x	-1.50x	-3.76x	-
Interest Coverage	11.96x	21.85x	84.03x	306.37x	2.01x	-5.49x	-9.12x	3.97x	2.77x	-83.69x
Total Equity+	509.66M	728.97M	1.72B	3.17B	5.56B	6.31B	5.63B	5.5B	5.29B	4.76B
Equity Growth %	0.02%	0.43%	1.36%	0.84%	0.75%	0.13%	-0.11%	-0.02%	-0.04%	-0.1%
Book Value per Share	8.86	11.99	28.30	48.97	71.97	78.81	72.06	74.72	72.32	82.22
Total Shareholders' Equity	498.96M	726.76M	1.63B	2.69B	4.73B	6.23B	5.53B	5.18B	5.16B	4.71B
Common Stock	10.78K	10.08K	12.25K	11.63K	14.86K	16K	16K	16K	12K	10K
Retained Earnings	185.95M	392.97M	799.26M	1.01B	1.47B	2.88B	2.71B	2.69B	2.95B	2.84B
Treasury Stock	0	0	0	0	-168.07M	-139.53M	-3.35B	-4.52B	-913.94M	-1.22B
Accumulated OCI	3.1M	21.88M	8.14M	63.65M	148.66M	36.3M	95.98M	-129.7M	-159.3M	-247.62M
Minority Interest	10.7M	2.21M	95.99M	476.16M	831.52M	78.01M	99.97M	324.51M	133.33M	47.77M

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	280.88M	348.68M	569.56M	649.05M	654.83M	495.15M	210.42M	316.49M	295.58M	308.66M
Operating CF Margin %	0.31%	0.3%	0.32%	0.28%	0.18%	0.26%	0.08%	0.13%	0.13%	0.14%
Operating CF Growth %	0.34%	0.24%	0.63%	0.14%	0.01%	-0.24%	-0.58%	0.5%	-0.07%	0.04%
Net Income	153.78M	217.69M	384.21M	307.56M	528.82M	-11.42M	-93.98M	101.57M	272.42M	-242.64M
Depreciation & Amortization	28.7M	39.53M	36.63M	31.99M	169.18M	203.38M	182.93M	163.38M	132.5M	102.61M
Stock-Based Compensation	28.55M	22.65M	39.47M	94.2M	135.51M	92.16M	33.38M	44.1M	31.98M	23.2M
Deferred Taxes	-3.86M	-1.12M	600.27K	7.22M	-24.02M	12.62M	-9.8M	-1.94M	-11.81M	-7.98M
Other Non-Cash Items	17.7M	1.43M	-5.55M	86.17M	-342.13M	171.74M	208.95M	36.57M	-76.97M	469.29M
Working Capital Changes	56.01M	68.49M	114.2M	121.91M	187.47M	26.67M	-111.05M	-27.18M	-52.54M	-35.82M
Change in Receivables	19.04M	-4.94M	2.82M	-6.64M	-22.49M	-55.75M	28.06M	-20.2M	-32.42M	-5.96M
Change in Inventory	-1.71M	97.93K	219.65K	45.79K	151.8M	61.42M	-120.07M	0	0	0
Change in Payables	-3.49M	5.31M	-5.98M	1.26M	-3.76M	-81.35M	-18.52M	19.05M	-5.56M	-22.73M
Cash from Investing+	-161.44M	-256.8M	-618.43M	-915.16M	-2.23B	782.54M	789.59M	-510.28M	420.37M	-210.25M
Capital Expenditures	-41.71M	-33.47M	-63.58M	-57.11M	-156.15M	-161.83M	-184.88M	-69.22M	-81.57M	-83.72M
CapEx % of Revenue	0.05%	0.03%	0.04%	0.02%	0.04%	0.08%	0.07%	0.03%	0.04%	0.04%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-433.19M	48.05M	-162.91M	-220.55M	71.97M	100.44M	1.59B	-66.15M	4.43M	-6.13M
Cash from Financing+	-51.93M	1.53M	213.29M	605.8M	1.35B	-134.41M	-723.54M	-321.91M	-841.75M	-707.83M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	-64.56M	-160.14M	-145.93M	-84.2M	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	1.24M	1.53M	87.99M	696.06M	399.76M	13.31M	5.25M	17.05M	-64.05M	113K
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	239.17M	315.2M	505.98M	591.94M	498.68M	362.27M	25.54M	247.28M	213.57M	224.16M
FCF Margin %	0.26%	0.27%	0.28%	0.26%	0.14%	0.19%	0.01%	0.1%	0.09%	0.1%
FCF Growth %	0.35%	0.32%	0.61%	0.17%	-0.16%	-0.27%	-0.93%	8.68%	-0.14%	0.05%
FCF per Share	4.16	5.18	8.32	9.15	6.46	4.53	0.33	3.36	2.92	3.87
FCF Conversion (FCF/Net Income)	1.76x	1.59x	1.49x	2.02x	1.33x	0.36x	-2.04x	2.46x	0.98x	-2.11x
Interest Paid	12.04M	8.62M	6.39M	1.36M	7.76M	14.32M	15.48M	8.71M	7.83M	3.02M
Taxes Paid	28.52M	36.71M	62.24M	51.6M	71.51M	67.8M	29.93M	19.15M	22.08M	29.05M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	31.58%	35.44%	31.17%	13.13%	11.29%	23.15%	-1.73%	2.32%	5.59%	-2.91%
Return on Invested Capital (ROIC)	16.96%	22.96%	26.83%	15.52%	1.41%	-5.5%	-1.94%	0.77%	0.44%	-6.72%
Gross Margin	39.3%	37.79%	39.4%	36.45%	32.95%	29.7%	31.99%	35.34%	35.85%	36.03%
Net Margin	17.52%	18.58%	21.5%	14.01%	13.47%	71.57%	-3.95%	5.34%	13.31%	-6.53%
Debt / Equity	0.79x	0.55x	0.05x	0.00x	0.15x	0.15x	0.17x	0.16x	0.09x	0.01x
Interest Coverage	11.96x	21.85x	84.03x	306.37x	2.01x	-5.49x	-9.12x	3.97x	2.77x	-83.69x
FCF Conversion	1.76x	1.59x	1.49x	2.02x	1.33x	0.36x	-2.04x	2.46x	0.98x	-2.11x
Revenue Growth	53.19%	30.06%	50.32%	29.03%	59.52%	-47.53%	36.54%	-7.92%	-5.96%	-1.33%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Live streaming	-	7.03B	10.67B	14.88B	-	-	63.45M	58.42M	63.3M	56.82M
Live streaming Growth	-	-	51.85%	39.42%	-	-	-	-7.92%	8.35%	-10.25%
Others	-	-	-	-	-	-	-	-	22.71M	16.86M
Others Growth	-	-	-	-	-	-	-	-	-	-25.78%
Others,	-	-	-	-	-	-	-	23.05M	-	-
Others, Growth	-	-	-	-	-	-	-	-	-	-
Live Streaming	-	-	-	-	842.04M	161.87M	-	-	-	-
Live Streaming Growth	-	-	-	-	-	-80.78%	-	-	-	-
Online Game Revenue	771.88M	634.33M	543.86M	-	-	-	-	-	-	-
Online Game Revenue Growth	-	-17.82%	-14.26%	-	-	-	-	-	-	-
Membership	-	284.86M	197.56M	-	-	-	-	-	-	-
Membership Growth	-	-	-30.65%	-	-	-	-	-	-	-

Revenue by Geography

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Developed countries	-	-	-	-	-	-	872.97M	866.11M	968.23M	1.21B
Developed countries Growth	-	-	-	-	-	-	-	-0.79%	11.79%	24.63%
Southeast Asia and others	-	-	-	-	-	-	642.53M	556.48M	510.54M	479.68M
Southeast Asia and others Growth	-	-	-	-	-	-	-	-13.39%	-8.25%	-6.04%
Middle East	-	-	-	-	-	-	621.77M	514.99M	441.28M	317.85M
Middle East Growth	-	-	-	-	-	-	-	-17.17%	-14.31%	-27.97%
PRC	-	-	-	-	-	-	481.77M	473.94M	347.82M	233.58M
PRC Growth	-	-	-	-	-	-	-	-1.63%	-26.61%	-32.85%

Frequently Asked Questions

Growth & Financials

JOYY Inc. (JOYY) reported $2.24B in revenue for fiscal year 2024. This represents a 4300% increase from $50.9M in 2011.

JOYY Inc. (JOYY) saw revenue decline by 1.3% over the past year.

JOYY Inc. (JOYY) reported a net loss of $146.2M for fiscal year 2024.

Dividend & Returns

JOYY Inc. (JOYY) has a return on equity (ROE) of -2.9%. Negative ROE indicates the company is unprofitable.

JOYY Inc. (JOYY) generated $224.2M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.