On August 27, 2025, Beijing time, JOYY Inc. (NASDAQ: JOYY) released its second quarter 2025 financial results. In the second quarter, JOYY's revenue reached $508 million, up 2.7% quarter-over-quarter, with live streaming business revenue of $375.4 million, increasing 1.1% quarter-over-quarter. Driven by strong advertising revenue growth, the non-live streaming business continued its high growth momentum, with revenue up 25.6% year-over-year, accounting for 26.1% of total group revenue, an increase of 7.4 percentage points year-over-year.

In terms of financial metrics, JOYY's adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) reached $48.2 million in the second quarter, up 25.7% year-over-year and 19.3% quarter-over-quarter. Adjusted net profit reached $77 million, up 3.9% year-over-year, while operating cash flow reached $57.6 million. Additionally, JOYY continued to reward shareholders, with cumulative share buybacks and dividends totaling $135 million from January 1 to June 30, 2025.