Strong Global Revenue Growth
In 2024, JOYY's global market revenue, excluding Mainland China, accounted for 89.6% of total revenue. Developed Countries saw a year-over-year revenue increase of 24.6%, boosting their share of the group's revenue to 53.9%.
Record Non-GAAP Net Profit
JOYY achieved a non-GAAP net profit of $96.1 million in the fourth quarter, up 57.1% quarter-over-quarter. For the full year 2024, the non-GAAP net profit was $298.5 million, a year-over-year increase of 2.0%.
BIGO Segment Performance
BIGO achieved revenues of $1.99 billion in 2024, a year-over-year increase of 3.3%, and a non-GAAP net profit of $314.6 million, up 4.2% year-over-year.
Robust Non-Livestreaming Revenue Growth
Non-livestreaming revenue increased 55.9% year-over-year to $449.8 million in 2024, accounting for 20.1% of total group revenue, up 7.4 percentage points from 2023.
Shareholder Returns
In 2024, JOYY repurchased 9.21 million ADSs for $309.2 million and announced a quarterly cash dividend program totaling $600 million over three years, alongside a $300 million share repurchase program until 2027.