JOYY JOYY 2025Q2 Earnings Preview Downside Ahead on Earnings Decline

Forward-Looking Analysis
JOYY has provided guidance for Q2 2025 net revenues of $499–$519 million, a marginal improvement from Q1 2025 revenue of $494.4 million. Analysts have cut EPS expectations by -31.6% year-over-year, forecasting $0.83 per share, down from $1.21 previously. Long-term earnings are expected to decline at 71.5% annually, with EPS shrinking at 76.9% per year. Revenue is forecast to grow modestly at 3.1% annually. These expectations reflect structural challenges in profitability despite stable to slightly higher revenue.

Historical Performance Review
JOYY reported Q1 2025 revenue of $371.35 million, with a net income of $1.92 billion and gross profit of $178.62 million. The company exceeded both revenue and EPS estimates, showcasing strong operational performance and efficient cost management.

Additional News
JOYY announced it will report Q2 2025 earnings on August 26, 2025. The May 26 Q1 earnings report showed a $494.4M revenue result, beating estimates of $486.9M. No significant operational updates, product launches, or strategic moves were disclosed in the provided content.

Summary & Outlook
JOYY's Q1 results highlight strong revenue and net income, but Q2 expectations point to a sharp EPS decline, signaling underlying profitability challenges. While revenue appears stable, long-term forecasts show earnings shrinking at a steep rate. Gross profit trends are muted, indicating margin pressures. The company’s financial health remains mixed, with upside potential from revenue resilience but downside risks from declining profitability. Investors should brace for a bearish earnings report amid weak EPS momentum and analyst revisions.