Joyy (JOYY) Operating Expenses (2011 - 2025)

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 was -$187.8 million for Q4 2025 at Joyy, down from -$174.2 million in the prior quarter.
• In the past five years, Operating Expenses ranged from a high of -$167.2 million in Q1 2025 to a low of -$633.5 million in Q4 2024.
• Historically, Operating Expenses has averaged -$227.1 million across 5 years, with a median of -$198.7 million in 2024.
• The sharpest annual moves came in 2024 and 2025: Operating Expenses sank 217.65% in 2024, then soared 70.35% in 2025.
• A 5-year view of Operating Expenses shows it stood at -$168.2 million in 2021, then plunged by 37.41% to -$231.2 million in 2022, then gained by 13.73% to -$199.4 million in 2023, then tumbled by 217.65% to -$633.5 million in 2024, then jumped by 70.35% to -$187.8 million in 2025.
• The last three Operating Expenses figures came in at -$187.8 million (Q4 2025), -$174.2 million (Q3 2025), and -$179.8 million (Q2 2025), per Business Quant data.