JOYY Inc. (NASDAQ: JOYY) saw its stock price soar 5.11% in Tuesday's pre-market trading session following the release of its impressive first-quarter 2025 financial results. The global technology company reported strong growth in its non-livestreaming business and a significant increase in operating income, showcasing the success of its diversified growth strategy.

JOYY's Q1 2025 revenue reached $494.4 million, with non-livestreaming revenue growing 25.3% year-over-year to $123.0 million, now accounting for 24.9% of total revenues. The company's GAAP operating income surged 244.5% year-over-year to $12.2 million, while non-GAAP operating income increased 24.9% to $31.0 million. These results underscore JOYY's successful transition beyond social entertainment and its evolving multi-faceted ecosystem.

Investors were particularly encouraged by JOYY's commitment to shareholder returns. During Q1, the company distributed $49.1 million in dividends and repurchased approximately $22.5 million worth of shares from January 1 through May 23, 2025. Additionally, JOYY's advertising business, BIGO Ads, demonstrated strong growth momentum, with revenue increasing by 27% in the first quarter. The company's focus on AI-driven innovations in user insights, intelligent creative development, and precise targeting is expected to further strengthen its competitive advantages and position non-livestreaming businesses as JOYY's second growth engine.