JOYY (NASDAQ:JOYY), a leading global technology company operating popular social media platforms including Bigo Live and Likee, reported fourth-quarter 2025 revenue of $581.9 million on Wednesday.
The results represent a 5.9% increase year-over-year and a 7.7% sequential improvement, driven by the continued globalization of its livestreaming ecosystem and a breakout performance in its advertising business.
Livestreaming remained the company's primary engine, contributing $394.4 million to the quarterly total.
However, the most significant growth catalyst was the BIGO Ads segment, which saw revenue jump 61.5% year-over-year to $128.1 million.
This diversification into high-margin advertising helped push full-year 2025 revenue to $2.12 billion, signaling a successful transition toward a more balanced monetization model beyond user tipping.
Profitability metrics showed similar momentum.
Non-GAAP operating income rose 10.8% to $150.8 million, while non-GAAP EBITDA reached $189.8 million.
The company's disciplined cost management and the scaling of its Bigo Live operations in emerging markets contributed to an overall expansion in margins.