Joyy (JOYY) Cost of Revenue (2011 - 2025)

Joyy (JOYY) has reported Cost of Revenue for 15 consecutive years, with $376.3 million the latest figure, recorded in 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, up 308.48% from the prior year.
• Cost of Revenue came in at $376.3 million for Q4 2025 at Joyy, 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.
• Average Cost of Revenue over 5 years is $379.4 million, with a median of $368.8 million recorded in 2023.
• Across the five-year window, Cost of Revenue jumped 76.52% in 2021 and slipped 17.59% in 2022, its largest moves.
• Year by year, Cost of Revenue stood at $440.2 million in 2021, then decreased by 10.82% to $392.6 million in 2022, then slipped by 6.17% to $368.4 million in 2023, then dropped by 6.16% to $345.7 million in 2024, then increased by 8.86% to $376.3 million in 2025.
• According to Business Quant data, Cost of Revenue over the past three periods registered $376.3 million, $347.1 million, and $322.5 million for Q4 2025, Q3 2025, and Q2 2025 respectively.