Joyy (JOYY) Cost of Revenue (2011 - 2025)
Joyy (JOYY) posted quarterly Cost of Revenue of $376.3 million for Q4 2025, up 8.86% year-over-year from $345.7 million in Q4 2024, and up 8.41% quarter-over-quarter from $347.1 million in Q3 2025.
Joyy (JOYY) Cost of Revenue (2011 - 2025) Analysis & Trends
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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,258.20 Bn | 3,829.16 Bn | 73.85 Bn | 45.94 Bn |
| 2 | Meta Platforms | 1,548.74 Bn | 1,458.48 Bn | 49.47 Bn | 11.33 Bn |
| 3 | Taboola.com | 1,143.24 Bn | 1,143.10 Bn | 139.48 Mn | 337.35 Mn |
| 4 | Baidu | 288.32 Bn | 283.82 Bn | 1.88 Mn | 2.84 Bn |
| 5 | Spotify Technology | 105.26 Bn | 95.02 Bn | 1.75 Bn | 3.56 Bn |
| 6 | Joyy | 78.34 Bn | 77.45 Bn | 205.64 Mn | 376.28 Mn |
| 7 | BILI Social International | 60.58 Bn | 60.58 Bn | 405,933.00 | 131,586.00 |
| 8 | Nebius | 49.85 Bn | 40.22 Bn | 295.20 Mn | 103.80 Mn |
| 9 | 30.93 Bn | 28.14 Bn | 734.60 Mn | 70.31 Mn | |
| 10 | Tencent Music Entertainment | 27.51 Bn | 24.81 Bn | 514.00 Mn | 630.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 376.28 Mn |
| Dec 31, 2025 | 376.28 Mn |
| Sep 30, 2025 | 347.09 Mn |
| Sep 30, 2025 | 347.09 Mn |
| Jun 30, 2025 | 322.52 Mn |
| Jun 30, 2025 | 322.52 Mn |
| Mar 31, 2025 | 315.74 Mn |
| Mar 31, 2025 | 315.74 Mn |
| Dec 31, 2024 | 345.66 Mn |
| Dec 31, 2024 | 345.66 Mn |
| Sep 30, 2024 | 350.54 Mn |
| Sep 30, 2024 | 350.54 Mn |
| Jun 30, 2024 | 366.19 Mn |
| Jun 30, 2024 | 366.19 Mn |
| Mar 31, 2024 | 369.20 Mn |
| Mar 31, 2024 | 369.20 Mn |
| Dec 31, 2023 | 368.36 Mn |
| Dec 31, 2023 | 368.36 Mn |
| Sep 30, 2023 | 357.91 Mn |
| Sep 30, 2023 | 357.91 Mn |