JOYY, Inc. Sponsored ADR Class A (JOYY) Revenue History
Annual and quarterly revenue from 2010 to present
JOYY Revenue Over Time (2010–2025)
JOYY Revenue Growth History
10 of 15 years with positive growth- FY2010 revenue growth
- N/A
- FY2011 revenue growth
- +173.4%
- FY2012 revenue growth
- +160.6%
- FY2013 revenue growth
- +133.4%
- FY2014 revenue growth
- +99.3%
- FY2015 revenue growth
- +44.3%
- FY2016 revenue growth
- +21.5%
- FY2017 revenue growth
- +58.6%
- FY2018 revenue growth
- -93.2%
- FY2019 revenue growth
- +609.5%
- FY2020 revenue growth
- +124.9%
- FY2021 revenue growth
- +791.3%
- FY2022 revenue growth
- -7.9%
- FY2023 revenue growth
- -6.0%
- FY2024 revenue growth
- -1.3%
- FY2025 revenue growth
- -5.1%
| Quarter | Revenue | YoY |
|---|---|---|
| Q4 2024 | $549.4M | -3.6% |
| Q3 2024 | $558.7M | -1.5% |
| Q2 2024 | $565.1M | +3.3% |
| Q1 2024 | $564.6M | -3.3% |
| Q4 2023 | $569.8M | -5.8% |
| Q3 2023 | $567.1M | -3.4% |
| Q2 2023 | $547.3M | -8.2% |
| Q1 2023 | $583.6M | -6.4% |
Multi-year avg. share of annual revenue by fiscal quarter
Revenue Breakdown (FY 2025)
JOYY's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
JOYY Revenue Analysis (2010–2025)
Current Revenue & Growth
As of June 22, 2026, JOYY, Inc. Sponsored ADR Class A (JOYY) generated trailing twelve-month (TTM) revenue of $2.24 billion, reflecting slight decline in growth of -3.6% year-over-year. The most recent quarter (Q4 2024) recorded $549.4 million in revenue, down 1.6% sequentially.
Historical Growth Trajectory
JOYY's 5-year compound annual growth rate (CAGR) stands at +48.5%, indicating outstanding long-term growth trajectory. The 3-year CAGR of -4.1% is below the 5-year average, signalling a growth deceleration in recent years. JOYY, Inc. Sponsored ADR Class A's highest annual revenue of $2.62 billion was recorded in 2021.
Revenue by Segment
JOYY's revenue is primarily driven by Live streaming (76%), Others (24%), and Advertising revenues (0%). With over half of revenue concentrated in Live streaming, the company has a focused business model while developing other growth vectors.
Peer Comparison
Compared to Communication Services sector peers — including MOMO (-2.8% YoY), LIVE (-3.8% YoY), and HUYA (-2.1% YoY) — JOYY has outperformed the peer group in revenue growth. Compare JOYY vs MOMO →
JOYY Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| JOYYCurrent | $2.2B | -3.6% | +48.5% | 2.6% | |
 MOMO | $10.4B | -2.8% | -7.2% | 13.1% | |
 LIVE | $445M | -3.8% | +18.3% | 3.8% | |
 HUYA | $6.5B | -2.1% | -9.8% | -2.5% | |
 DOYU | $3.8B | -11.1% | -16.8% | 0.3% | |
 IQ | $3.8B | -87.0% | -33.7% | 6.0% |
JOYY Historical Revenue Data (2010–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $2.12B | -5.1% | $762.6M | 35.9% | $55.8M | 2.6% |
| 2024 | $2.24B | -1.3% | $806.2M | 36.0% | $47.7M | 2.1% |
| 2023 | $2.27B | -6.0% | $813.0M | 35.8% | $35.0M | 1.5% |
| 2022 | $2.41B | -7.9% | $852.1M | 35.3% | $65.6M | 2.7% |
| 2021 | $2.62B | +791.3% | $837.9M | 32.0% | $-111,642,000 | -4.3% |
| 2020 | $293.8M | +124.9% | $82.7M | 28.2% | $-62,314,628 | -21.2% |
| 2019 | $130.7M | +609.5% | $35.4M | 27.1% | $-74,765,940 | -57.2% |
| 2018 | $18.4M | -93.2% | $2.3M | 12.5% | $-27,865,524 | -151.3% |
| 2017 | $269.6M | +58.6% | $106.2M | 39.4% | $62.8M | 23.3% |
| 2016 | $170.0M | +21.5% | $64.2M | 37.8% | $36.7M | 21.6% |
| 2015 | $139.9M | +44.3% | $55.0M | 39.3% | $27.6M | 19.7% |
| 2014 | $97.0M | +99.3% | $48.2M | 49.7% | $28.4M | 29.3% |
| 2013 | $48.7M | +133.4% | $25.1M | 51.6% | $12.7M | 26.1% |
| 2012 | $20.8M | +160.6% | $10.3M | 49.3% | $2.6M | 12.5% |
| 2011 | $8.0M | +173.4% | $3.4M | 42.8% | $-2,489,443 | -31.1% |
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
16+ years return with dividends reinvested.
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Peer Comparison
Compare growth, multiples, and margins vs sector.
JOYY — Frequently Asked Questions
Quick answers to the most common questions about buying JOYY stock.
Is JOYY's revenue growth accelerating or slowing?
JOYY revenue growth is slowing. TTM revenue is $2.2B, up -3.6% year-over-year — below the 5-year CAGR of +48.5%. The deceleration suggests maturing end-markets or increased competition.
What is JOYY's revenue history from 2010 to 2026?
JOYY, Inc. Sponsored ADR Class A (JOYY) revenue history spans 2010 to 2026. TTM revenue as of 2026 is $2.2B, growing at -3.6% YoY. The 5-year CAGR is +48.5%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is JOYY's long-term revenue growth rate (CAGR)?
JOYY, Inc. Sponsored ADR Class A's 5-year revenue CAGR of +48.5% reflects the variable nature of its business expansion. As of 2026, the current YoY growth rate of -3.6% is below this long-term average. CAGR is the most reliable measure of sustained revenue momentum for JOYY.
Why does JOYY's quarterly revenue fluctuate?
JOYY quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. JOYY, Inc. Sponsored ADR Class A's revenue data from 2010 to 2026 shows full historical quarterly detail on this page.
How is JOYY's revenue distributed by segment?
JOYY reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does JOYY's revenue compare to industry peers?
JOYY, Inc. Sponsored ADR Class A (JOYY) with TTM revenue of $2.2B and -3.6% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.