$JOYY

YY Inc.

CIK:0001530238|SEC Filings
v3.26.1
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Net revenues      
Total net revenues $ 2,124,248 $ 2,237,788 $ 2,267,870
Cost of revenues (1,361,616) (1,431,585) (1,454,842)
Gross profit 762,632 806,203 813,028
Operating expenses      
Research and development expenses (247,133) (278,740) (295,503)
Sales and marketing expenses (297,470) (333,334) (369,577)
General and administrative expenses (164,529) (152,517) (122,661)
Goodwill impairment 0 (454,935) 0
Total operating expenses (709,132) (1,219,526) (787,741)
(Loss) gain on deconsolidation and disposal of subsidiaries 0 1,643 (6,177)
Other income 2,320 6,055 9,705
Operating income (loss) 55,820 (405,625) 28,815
Interest expense (516) (4,847) (10,420)
Interest income and investment income 162,607 175,556 185,212
Foreign currency exchange (losses) gains, net (14,111) 764 (2,906)
Gain on disposal and deemed disposal of investments 0 0 74,851
Gain on fair value changes of investments 12,320 6,636 12,425
Income (loss) before income tax expenses 216,120 (227,516) 287,977
Income tax expenses (16,429) (13,485) (18,856)
Income (loss) before share of income (loss) in equity method investments, net of income taxes 199,691 (241,001) 269,121
Share of income (loss) in equity method investments, net of income taxes 11,610 (1,637) 3,297
Net income (loss) from continuing operations 211,301 (242,638) 272,418
Gain on disposal of YY Live 1,875,921 0 0
Net income (loss) 2,087,222 (242,638) 272,418
Net loss attributable to the non-controlling interest shareholders and the mezzanine equity classified non-controlling interest shareholders 11,213 96,402 29,398
Net income(loss) attributable to controlling interest of JOYY Inc. 2,098,435 (146,236) 301,816
Net income (loss) from continuing operations attributable to controlling interest of JOYY Inc. 222,514 (146,236) 301,816
Net income from discontinued operations attributable to controlling interest of JOYY Inc. 1,875,921 0 0
Accretion of subsidiaries' redeemable convertible preferred shares to redemption value (1,387) (1,388) (5,048)
Cumulative dividend on subsidiary's Series A Preferred Shares 0 0 (2,000)
Gain on repurchase of redeemable convertible preferred shares of a subsidiary 0 0 52,583
Net income (loss) attributable to common shareholders of JOYY Inc. 2,097,048 (147,624) 347,351
Net income (loss) from continuing operations attributable to common shareholders of JOYY Inc. 221,127 (147,624) 347,351
Net income from discontinued operations attributable to common shareholders of JOYY Inc. 1,875,921    
Other comprehensive (loss) income:      
Foreign currency translation adjustments, net of nil tax 56,206 (27,497) (35,327)
Unrealized losses on available-for-sale investment, net of nil tax (16,684) (23,108)  
Comprehensive income (loss) attributable to the common shareholders of JOYY Inc. $ 2,136,570 $ (198,229) $ 312,024
Net income (loss) per ADS/common share      
Basic (in dollars per share) [1] $ 1.99 $ (0.13) $ 0.27
Continued operations (in dollars per share) [1] 0.21 (0.13) 0.27
Discontinued operations (in dollars per share) [1] 1.78    
Diluted (in dollars per share) [1] 1.97 (0.13) 0.24
Continued operations (in dollars per share) [1] 0.21 $ (0.13) $ 0.24
Discontinued operations (in dollars per share) [1] $ 1.76    
Weighted average number of ADS/common shares used in calculating net income (loss) per ADS/common share      
Basic (in shares) 1,052,099,864 1,157,854,559 1,308,695,642
Continuing operations (in shares) 1,052,099,864 1,157,854,559 1,308,695,642
Discontinued operations (in shares) 1,052,099,864 1,157,854,559 1,308,695,642
Denominator for diluted calculation 1,065,247,496 1,157,854,559 1,462,976,544
Continuing operations (in shares) 1,065,247,496 1,157,854,559 1,462,976,544
Discontinued operations (in shares) 1,065,247,496 1,157,854,559 1,462,976,544
ADS      
Net income (loss) per ADS/common share      
Basic (in dollars per share) [1] $ 39.86 $ (2.55) $ 5.31
Continued operations (in dollars per share) [1] 4.2 (2.55) 5.31
Discontinued operations (in dollars per share) [1] 35.66    
Diluted (in dollars per share) [1] 39.37 (2.55) 4.87
Continued operations (in dollars per share) [1] 4.15 $ (2.55) $ 4.87
Discontinued operations (in dollars per share) [1] $ 35.22    
Weighted average number of ADS/common shares used in calculating net income (loss) per ADS/common share      
Continuing operations (in shares) 52,604,993 57,892,728 65,434,782
Discontinued operations (in shares) 52,604,993 57,892,728 65,434,782
Continuing operations (in shares) 53,262,375 57,892,728 73,148,827
Discontinued operations (in shares) 53,262,375 57,892,728 73,148,827
Live streaming      
Net revenues      
Total net revenues $ 1,529,667 $ 1,788,021 $ 1,979,371
Advertising      
Net revenues      
Total net revenues 442,718 323,013 119,880
Others      
Net revenues      
Total net revenues $ 151,863 $ 126,754 $ 168,619
[1] Each ADS represents 20 common shares.