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

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, up 308.48% from the prior year.
• Cost of Revenue was $376.3 million for Q4 2025 at Joyy, up from $347.1 million in the prior quarter.
• In the past five years, Cost of Revenue ranged from a high of $458.3 million in Q2 2021 to a low of $315.7 million in Q1 2025.
• Historically, Cost of Revenue has averaged $380.6 million across 5 years, with a median of $369.2 million in 2024.
• The sharpest annual moves came in 2021 and 2022: Cost of Revenue jumped 76.52% in 2021, then fell 17.59% in 2022.
• A 5-year view of Cost of Revenue shows it stood at $440.2 million in 2021, then declined by 10.82% to $392.6 million in 2022, then fell by 6.17% to $368.4 million in 2023, then retreated by 6.16% to $345.7 million in 2024, then advanced by 8.86% to $376.3 million in 2025.
• The last three Cost of Revenue figures came in at $376.3 million (Q4 2025), $347.1 million (Q3 2025), and $322.5 million (Q2 2025), per Business Quant data.