JOYY INC
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.12B | $2.24B | $2.27B | $2.41B | $2.62B | $2.03B | $3.67B | $2.29B |
| Cost of Revenue | $1.36B | $1.43B | $1.45B | $1.56B | $1.78B | $1.38B | $656.9M | $1.46B |
| Gross Profit | $762.6M | $806.2M | $813.0M | $852.1M | $837.9M | $540.0M | $243.8M | $835.8M |
| Gross Margin | 35.9% | 36.0% | 35.8% | 35.3% | 32.0% | 26.6% | 6.6% | 36.5% |
| Operating Expenses | ||||||||
| Research & Development | $247.1M | $278.7M | $295.5M | $261.8M | $279.8M | $302.8M | $236.5M | $173.4M |
| SG&A Expense | $164.5M | $152.5M | $122.7M | $141.8M | $221.7M | $146.7M | $135.6M | $128.5M |
| Operating Income | $55.8M | $-405.6M | $28.8M | $50.7M | $-106.7M | $-406.8M | $-515.4M | $383.9M |
| Operating Margin | 2.6% | -18.1% | 1.3% | 2.1% | -4.1% | -20.1% | -14.0% | 16.7% |
| Interest Expense | — | — | $10.4M | $12.8M | $14.5M | $75.6M | $38.1M | $1.3M |
| Pretax Income | $216.1M | $-227.5M | $288.0M | $634.6M | $-77.6M | $13.7M | $-94.7M | $368.6M |
| Income Tax Expense | $16.4M | $13.5M | $18.9M | $34.6M | $25.7M | $27.8M | $-20.1M | $69.5M |
| Net Income | $2.10B | $-146.2M | $301.8M | $128.9M | $-80.3M | $1.37B | $509.8M | $307.7M |
| Net Margin | 98.8% | -6.5% | 13.3% | 5.3% | -3.1% | 67.7% | 13.9% | 13.4% |
| EPS (Basic) | $1.99 | $-0.13 | $0.27 | $0.08 | $-0.06 | $0.85 | $0.32 | $0.19 |
| EPS (Diluted) | $1.97 | $-0.13 | $0.24 | $0.08 | $-0.06 | $0.85 | $0.32 | $0.18 |
| Shares Outstanding (Basic) | 1.05B | 1.16B | 1.31B | 1.44B | 1.56B | 1.60B | 1.54B | 1.28B |
| Shares Outstanding (Diluted) | 1.07B | 1.16B | 1.46B | 1.65B | 1.56B | 1.60B | 1.54B | 1.29B |
| Dividends Per Share | — | — | — | — | — | — | — | — |