Joyy (JOYY) Research & Development (2011 - 2025)

Joyy (JOYY) has reported Research & Development for 15 consecutive years, with -$61.5 million the latest figure, recorded in Q4 2025.

• In Q4 2025, Research & Development rose 8.81% year-over-year to -$61.5 million; the TTM figure through Dec 2025 stood at -$247.1 million (up 11.34% YoY), while the FY2025 annual figure was $247.1 million, down 11.34% from the prior year.
• Research & Development came in at -$61.5 million for Q4 2025 at Joyy, up from -$63.1 million in the prior quarter.
• The five-year high for Research & Development was -$29.3 million in Q4 2021, with the low at -$100.7 million in Q2 2021.
• Average Research & Development over 5 years is -$68.1 million, with a median of -$68.3 million recorded in 2024.
• Across the five-year window, Research & Development soared 58.03% in 2021 and tumbled 151.23% in 2022, its largest moves.
• Year by year, Research & Development stood at -$29.3 million in 2021, then sank by 151.23% to -$73.6 million in 2022, then gained by 1.42% to -$72.6 million in 2023, then rose by 7.02% to -$67.5 million in 2024, then increased by 8.81% to -$61.5 million in 2025.
• According to Business Quant data, Research & Development over the past three periods registered -$61.5 million, -$63.1 million, and -$60.1 million for Q4 2025, Q3 2025, and Q2 2025 respectively.