v3.26.1
Segment Reporting (Details)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
USD ($)
segment
Dec. 31, 2024
USD ($)
segment
Dec. 31, 2023
USD ($)
segment
Segment Reporting      
Number of operating segments | segment 2 2 2
Number of reportable segments | segment 2 2 2
Net revenues      
Total net revenues $ 2,124,248 $ 2,237,788 $ 2,267,870
Cost of revenues (1,361,616) (1,431,585) (1,454,842)
Gross profit 762,632 806,203 813,028
Operating expenses      
Research and development expenses (247,133) (278,740) (295,503)
Sales and marketing expenses (297,470) (333,334) (369,577)
General and administrative expenses (164,529) (152,517) (122,661)
Goodwill impairment 0 (454,935) 0
Total operating expenses (709,132) (1,219,526) (787,741)
Loss on deconsolidation and disposal of subsidiaries 0 1,643 (6,177)
Other income 2,320 6,055 9,705
Operating income (loss) 55,820 (405,625) 28,815
Interest expense (516) (4,847) (10,420)
Interest income and investment income 162,607 175,556 185,212
Foreign currency exchange (gain) losses, net (14,111) 764 (2,906)
Gain (Loss) on disposal and deemed disposal of investments     74,851
(Loss) gain on fair value changes of investment 12,320 6,636 12,425
Income (loss) before income tax (expenses) benefits 216,120 (227,516) 287,977
Income tax expenses (16,429) (13,485) (18,856)
Income (loss) before share of income in equity method investments, net of income taxes 199,691 (241,001) 269,121
Share of income (loss) in equity method investments, net of income taxes 11,610 (1,637) 3,297
Net income (loss) from continuing operations 211,301 (242,638) 272,418
Share-based compensation 25,800 23,200 31,979
Cost of revenues      
Operating expenses      
Share-based compensation 3,927 1,720 3,575
Research and development expenses      
Operating expenses      
Share-based compensation 9,418 12,408 19,415
Sales and marketing expenses      
Operating expenses      
Share-based compensation 1,383 615 797
General and administrative expenses      
Operating expenses      
Share-based compensation 11,072 8,457 8,192
Live streaming      
Net revenues      
Total net revenues 1,529,667 1,788,021 1,979,371
Advertising      
Net revenues      
Total net revenues 442,718 323,013 119,880
Others      
Net revenues      
Total net revenues 151,863 126,754 168,619
Bigo Inc.      
Net revenues      
Total net revenues 1,848,445 1,988,340 1,924,320
Cost of revenues (1,206,124) (1,273,805) (1,189,500)
Gross profit 642,321 714,535 734,820
Operating expenses      
Research and development expenses (156,986) (172,262) (163,634)
Sales and marketing expenses (211,265) (247,722) (295,395)
General and administrative expenses (67,386) (57,529) (52,906)
Goodwill impairment 0 0  
Total operating expenses (435,637) (477,513) (511,935)
Loss on deconsolidation and disposal of subsidiaries   0 0
Other income 1,078 3,877 7,240
Operating income (loss) 207,762 240,899 230,125
Interest expense (3,090) (5,728) (6,761)
Interest income and investment income 55,083 55,709 43,518
Foreign currency exchange (gain) losses, net (13,721) 1,453 (174)
Gain (Loss) on disposal and deemed disposal of investments     0
(Loss) gain on fair value changes of investment 514 (33) (400)
Income (loss) before income tax (expenses) benefits 246,548 292,300 266,308
Income tax expenses (20,278) (19,571) (17,007)
Income (loss) before share of income in equity method investments, net of income taxes 226,270 272,729 249,301
Share of income (loss) in equity method investments, net of income taxes 0 0 0
Net income (loss) from continuing operations 226,270 272,729 249,301
Bigo Inc. | Cost of revenues      
Operating expenses      
Share-based compensation 2,875 716 1,958
Bigo Inc. | Research and development expenses      
Operating expenses      
Share-based compensation 5,431 6,394 8,967
Bigo Inc. | Sales and marketing expenses      
Operating expenses      
Share-based compensation 893 170 341
Bigo Inc. | General and administrative expenses      
Operating expenses      
Share-based compensation 1,334 781 1,829
Bigo Inc. | Live streaming      
Net revenues      
Total net revenues 1,446,437 1,699,591 1,819,484
Bigo Inc. | Advertising      
Net revenues      
Total net revenues 398,538 287,815 91,849
Bigo Inc. | Others      
Net revenues      
Total net revenues 3,470 934 12,987
All other      
Net revenues      
Total net revenues 277,137 251,027 344,889
Cost of revenues (155,782) (158,094) (265,662)
Gross profit 121,355 92,933 79,227
Operating expenses      
Research and development expenses (90,952) (107,402) (132,635)
Sales and marketing expenses (86,299) (85,711) (74,260)
General and administrative expenses (97,288) (95,230) (69,930)
Goodwill impairment   (454,935)  
Total operating expenses (274,539) (743,278) (276,825)
Loss on deconsolidation and disposal of subsidiaries   1,643 (6,177)
Other income 1,242 2,178 2,465
Operating income (loss) (151,942) (646,524) (201,310)
Interest expense (153) (3,239) (8,759)
Interest income and investment income 110,251 123,967 146,794
Foreign currency exchange (gain) losses, net (390) (689) (2,732)
Gain (Loss) on disposal and deemed disposal of investments     74,851
(Loss) gain on fair value changes of investment 11,806 6,669 12,825
Income (loss) before income tax (expenses) benefits (30,428) (519,816) 21,669
Income tax expenses 3,849 6,086 (1,849)
Income (loss) before share of income in equity method investments, net of income taxes (26,579) (513,730) 19,820
Share of income (loss) in equity method investments, net of income taxes 11,610 (1,637) 3,297
Net income (loss) from continuing operations (14,969) (515,367) 23,117
All other | Cost of revenues      
Operating expenses      
Share-based compensation 1,052 1,004 1,617
All other | Research and development expenses      
Operating expenses      
Share-based compensation 3,987 6,014 10,448
All other | Sales and marketing expenses      
Operating expenses      
Share-based compensation 490 445 456
All other | General and administrative expenses      
Operating expenses      
Share-based compensation 9,738 7,676 6,363
All other | Live streaming      
Net revenues      
Total net revenues 83,230 88,430 159,887
All other | Advertising      
Net revenues      
Total net revenues 44,180 35,198 28,031
All other | Others      
Net revenues      
Total net revenues 149,727 127,399 156,971
Elimination      
Net revenues      
Total net revenues (1,334) (1,579) (1,339)
Cost of revenues 290 314 320
Gross profit (1,044) (1,265) (1,019)
Operating expenses      
Research and development expenses 805 924 766
Sales and marketing expenses 94 99 78
General and administrative expenses 145 242 175
Goodwill impairment   0  
Total operating expenses 1,044 1,265 1,019
Loss on deconsolidation and disposal of subsidiaries   0 0
Other income 0 0 0
Operating income (loss) 0 0 0
Interest expense 2,727 4,120 5,100
Interest income and investment income (2,727) (4,120) (5,100)
Foreign currency exchange (gain) losses, net 0 0 0
Gain (Loss) on disposal and deemed disposal of investments     0
(Loss) gain on fair value changes of investment 0 0 0
Income (loss) before income tax (expenses) benefits 0 0 0
Income tax expenses 0 0 0
Income (loss) before share of income in equity method investments, net of income taxes 0 0 0
Share of income (loss) in equity method investments, net of income taxes 0 0 0
Net income (loss) from continuing operations 0 0 0
Elimination | Live streaming      
Net revenues      
Total net revenues 0 0 0
Elimination | Advertising      
Net revenues      
Total net revenues 0 0 0
Elimination | Others      
Net revenues      
Total net revenues $ (1,334) $ (1,579) $ (1,339)