JOYY Inc. Reports Q2 Revenue and Profit Growth, Analysts Predict 2.32% Upside

JOYY Inc. reported Q2 revenue of $507.8mln, a 2.7% increase YoY, and a 25.7% YoY rise in non-GAAP EBITDA to $48.2mln. Analysts forecast an average target price of $52.74, indicating a 2.32% upside potential. The company's net profits rose to $60.8mln GAAP and $77mln non-GAAP. Wall Street analysts hold a positive outlook on JOYY, with 11 analysts providing a one-year average price target of $52.74.

JOYY Inc. (NASDAQ: JOYY) reported mixed financial results for the second quarter of 2025, with a 2.7% year-over-year (YoY) increase in revenue to $507.8 million. The company's non-GAAP EBITDA grew by 25.7% to $48.2 million, reflecting strong performance in its non-livestreaming business, primarily driven by BIGO Ads [1].

Key highlights from JOYY's Q2 2025 financial report include:

- Revenue: Net revenues decreased to $507.8 million from $565.1 million in the same period last year, a 10.1% decline. The decrease was mainly due to a decline in the number of paying users and average revenue per paying user (ARPPU) in BIGO's live streaming business. However, non-livestreaming revenue grew by 25.6% YoY to $132.4 million [1].

- Operating Income: Operating income more than doubled to $5.8 million from $2.3 million in Q2 2024, representing a 155.4% YoY increase. The company's cost discipline, including targeted marketing and reduced R&D spending, contributed to this improvement [1].

- Non-GAAP EBITDA: Non-GAAP EBITDA increased by 25.7% to $48.2 million, reflecting the company's enhanced operational efficiency and disciplined execution [1].

- Net Income: Net income from continuing operations attributable to controlling interest rose to $60.8 million GAAP and $77.0 million non-GAAP, indicating a 12.0% and 15.2% YoY increase, respectively [1].

- Shareholder Returns: JOYY maintained its commitment to shareholder returns, distributing $98.5 million in dividends and repurchasing $36.5 million worth of shares during the first half of 2025 [1].

Analysts remain optimistic about JOYY's prospects, with an average target price of $52.74, indicating a 2.32% upside potential. Eleven analysts have provided a one-year average price target of $52.74, reflecting a positive outlook on the company's dual growth strategy and the potential for continued growth in its advertising business [1].

For the third quarter of 2025, JOYY expects net revenues between $525 million and $539 million, with the company's management projecting that the advertising growth will partially offset the continuing pressure in the live streaming business [1].

References:
[1] https://www.stocktitan.net/news/JOYY/joyy-reports-second-quarter-2025-unaudited-financial-dnjm5vnntknq.html