Joyy (JOYY) Cost of Revenue (2011 - 2026)

Joyy's Cost of Revenue history runs 15 years deep, the most recent figure standing at $376.3 million for Q4 2025.

• In Q4 2025, Cost of Revenue rose 8.86% year-over-year to $376.3 million; the TTM figure through Dec 2025 stood at $1.4 billion (down 4.89% YoY), while the FY2025 annual figure was $1.4 billion, down 4.89% from the prior year.
• Cost of Revenue for Q4 2025 stood at $376.3 million, up from $347.1 million in the prior quarter.
• The five-year high for Cost of Revenue was $458.3 million in Q2 2021, with the low at $315.7 million in Q1 2025.
• The 5-year median for Cost of Revenue is $368.8 million (2023), against an average of $379.4 million.
• The sharpest annual moves came in 2021 and 2022: Cost of Revenue soared 76.52% in 2021, then declined 17.59% in 2022.
• Joyy's Cost of Revenue stood at $440.2 million in 2021, then dropped by 10.82% to $392.6 million in 2022, then declined by 6.17% to $368.4 million in 2023, then fell by 6.16% to $345.7 million in 2024, then gained by 8.86% to $376.3 million in 2025.
• Business Quant data shows JOYY's Cost of Revenue at $376.3 million in Q4 2025, $347.1 million in Q3 2025, and $322.5 million in Q2 2025.