JOYY Inc. (JOYY.US) released its second quarter 2025 financial results on Wednesday morning Beijing time. The company reported Q2 net revenue of $507.8 million, representing a 10% year-over-year decline. Under non-GAAP accounting standards, net income attributable to JOYY Inc.'s controlling interest and common shareholders reached $77 million, compared to $74 million in the same period last year. Diluted earnings per ADS were $1.44, up from $1.17 in the prior year period.

Second quarter live streaming revenue totaled $375.4 million, down 18% from $459.7 million in the same period last year. Other business revenue reached $132.4 million, representing a 25.6% year-over-year increase.

Global average mobile monthly active users (MAU) stood at 262.5 million, compared to 275.2 million in the same period last year. BigoLive's average mobile MAU was 29.6 million, down from 37.7 million year-over-year. Likee's average mobile MAU reached 28.5 million, compared to 35.6 million in the prior year period. Hago's average mobile MAU was 3 million, versus 4.4 million year-over-year.

The total number of paying users for BIGO (including BigoLive, Likee and imo) was 1.5 million, compared to 1.66 million in the same period last year. Average revenue per paying user (ARPPU) for BIGO (including BigoLive, Likee and imo) was $215.2, down from $233.5 in the prior year period.

Looking ahead, JOYY Inc. expects third quarter 2025 revenue to range between $525 million and $539 million.