Joyy (JOYY) Operating Expenses (2011 - 2026)

Joyy's Operating Expenses history runs 15 years deep, the most recent figure standing at -$187.8 million for Q4 2025.

• In Q4 2025, Operating Expenses rose 70.35% year-over-year to -$187.8 million; the TTM figure through Dec 2025 stood at -$709.1 million (up 41.85% YoY), while the FY2025 annual figure was $709.1 million, down 41.85% from the prior year.
• Operating Expenses for Q4 2025 stood at -$187.8 million, down from -$174.2 million in the prior quarter.
• The five-year high for Operating Expenses was -$167.2 million in Q1 2025, with the low at -$633.5 million in Q4 2024.
• The 5-year median for Operating Expenses is -$197.0 million (2024), against an average of -$225.3 million.
• The sharpest annual moves came in 2024 and 2025: Operating Expenses plunged 217.65% in 2024, then surged 70.35% in 2025.
• Joyy's Operating Expenses stood at -$168.2 million in 2021, then tumbled by 37.41% to -$231.2 million in 2022, then rose by 13.73% to -$199.4 million in 2023, then slumped by 217.65% to -$633.5 million in 2024, then soared by 70.35% to -$187.8 million in 2025.
• Business Quant data shows JOYY's Operating Expenses at -$187.8 million in Q4 2025, -$174.2 million in Q3 2025, and -$179.8 million in Q2 2025.