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JOYY Inc.

JOYYCommunication ServicesNASDAQ

Internet Content & Information · Last scanned Jun 2, 2026

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Financials · Annual
Revenue
$2.12B
-5.1% YoY
Net Income
$2.10B
+1535.0% YoY
EBITDA
$322.5M
+368.6% YoY
Free Cash Flow
-$1.42B

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About JOYY Inc.

Part of the communication services sector, JOYY Inc. (JOYY) is listed under Internet Content & Information. At a $3.44B market cap, JOYY Inc. ranks as a mid-cap company within communication services. It operates through two segments, BIGO and All Other.

Key stats
Market Cap$3.44B
P/E (TTM)15.68
Fwd P/E10.82
EPS$4.36
Beta0.43
52W Change+45.4%
Dividend Yield7.79%
ROE3.7%
Analysis

The balance sheet looks solid with $1.19B in cash comfortably exceeding the $31.6M debt load. A net cash position generally provides financial flexibility during uncertain economic periods. The company is burning cash, with free cash flow at -$1.42B. This typically occurs when a company is investing aggressively in growth, but sustained cash burn can strain the balance sheet. ROE of 3.7% points to modest capital efficiency, indicating how much profit the company produces per dollar of shareholder equity. ROA of 0.5% is on the lower side, which is common in asset-heavy industries. Revenue has pulled back from $2.41B (2022) to $2.12B (2025), a 12% decline worth watching.

The relatively low beta of 0.43 suggests JOYY is a less volatile holding compared to the broader index. The strong cash position relative to debt provides a financial cushion that reduces balance sheet risk. The company is burning cash at the operating level, which is not unusual for growth-phase companies but adds risk if it persists. Understanding these risk dimensions helps frame what to watch going forward as conditions evolve for JOYY Inc. and its sector.

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