JOYY (JOYY) revenue breakdown
By segment, Bigo is the largest at 87% of fiscal 2025 revenue, growing 17% a year over 6 years.
By product, Live streaming is the largest at 72% of fiscal 2025 revenue; Advertising grew fastest, 92% a year over 2 years.
Revenue by segment
Fiscal years, as JOYY reports them in its 10-K filings; fiscal 2025 total $2.1B.
| Segments | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Share |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Bigo | — | — | — | $716M | $1.7B | $2.3B | $2.0B | $1.9B | $2.0B | $1.8B | 87% |
| All other | — | — | — | $184M | $185M | $295M | $415M | $345M | $251M | $277M | 13% |
| YY Live | $7.2B | $9.4B | $11.1B | — | — | — | — | — | — | — | — |
| Huya | $797M | $2.2B | $4.7B | — | — | — | — | — | — | — | — |
| 100 Education | $161M | — | — | — | — | — | — | — | — | — | — |
| Elimination | — | — | -$2M | — | — | — | — | — | — | — | — |
| Elimination | — | — | — | — | — | -$67,000 | -$245,000 | -$1M | -$2M | -$1M | -0% |
Revenue by product
Fiscal years, as JOYY reports them in its 10-K filings; fiscal 2025 total $2.1B.
| Products | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Share |
|---|---|---|---|---|---|---|---|---|
| Live streaming | $769M | $1.8B | $2.5B | $2.2B | $2.0B | $1.8B | $1.5B | 72% |
| Advertising | — | — | — | — | $120M | $323M | $443M | 21% |
| Others | $132M | $102M | $142M | $186M | $169M | $127M | $152M | 7% |
Revenue by region
Fiscal years, as JOYY reports them in its 10-K filings; fiscal 2025 total $2.1B.
| Regions | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Share |
|---|---|---|---|---|---|---|---|---|---|---|
| Developed countries and regions | — | — | $207M | $639M | $914M | $866M | $968M | $1.2B | $1.3B | 59% |
| Southeast Asia and others | — | $2M | $214M | $467M | $643M | $556M | $511M | $480M | $421M | 20% |
| Middle East | — | — | $183M | $476M | $622M | $515M | $441M | $318M | $244M | 11% |
| PRC | $11.6B | $828M | $297M | $336M | $441M | $474M | $348M | $234M | $209M | 10% |
| Non-PRC | $7M | — | — | — | — | — | — | — | — | — |
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Where does JOYY make its money?
In fiscal 2025, by segment: Bigo $1.8B, All other $277M.
From JOYY's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.