v3.26.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 374,248 $ 444,761
Restricted cash and cash equivalents 21,593 371,332
Short-term deposits 192,535 1,061,011
Restricted short-term deposits 7,182 20,722
Short-term investments 613,702 288,589
Accounts receivable, net of allowance of US$20,938 and US$21,023 as of December 31, 2024 and 2025, respectively 154,439 121,861
Amounts due from related parties, net of allowance of US$1 and nil as of December 31, 2024 and 2025, respectively $ 106 $ 467
Other Receivable, after Allowance for Credit Loss, Current, Related Party, Type [Extensible Enumeration] Related Party Related Party
Prepayments and other current assets, net of allowance of US$20,486 and US$20,884 as of December 31, 2024 and 2025, respectively $ 255,566 $ 247,538
Total current assets 1,619,371 2,556,281
Non-current assets    
Long-term deposits and held-to-maturity investments 2,059,386 1,124,308
Deferred tax assets 9,782 2,563
Investments 551,802 530,685
Property and equipment, net 565,124 499,723
Land use rights, net 301,390 303,115
Intangible assets, net 221,963 277,257
Right-of-use assets, net 21,241 20,457
Goodwill 2,194,358 2,194,324
Other non-current assets 8,071 19,084
Total non-current assets 5,933,117 4,971,516
Total assets 7,552,488 7,527,797
Current liabilities (including amounts of the consolidated VIEs without recourse to the Company of US$190,356 and US$137,979 as of December 31, 2024 and 2025, respectively)    
Accounts payable 71,551 84,015
Deferred revenue 61,713 66,813
Advances from customers 5,408 4,031
Income taxes payable 64,533 78,304
Accrued liabilities and other current liabilities 626,678 2,393,923
Amounts due to related parties $ 24,472 $ 1,378
Other Liability, Current, Related Party, Type [Extensible Enumeration] Related Party Related Party
Lease liabilities due within one year $ 8,939 $ 10,775
Short-term loans 10,672 34,853
Total current liabilities 873,966 2,674,092
Non-current liabilities (including amounts of the consolidated VIEs without recourse to the Company of US$14,259 and US$15,688 as of December 31, 2024 and 2025, respectively)    
Lease liabilities 12,029 9,948
Deferred revenue 9,522 12,635
Deferred tax liabilities 54,941 47,631
Total non-current liabilities 76,492 70,214
Total liabilities 950,458 2,744,306
Commitments and contingencies (Note 30)
Mezzanine equity 25,333 23,733
Shareholders' equity    
Treasury Shares (US$0.00001 par value; 603,177,267 and 633,551,270 shares held as of December 31, 2024 and December 31, 2025, respectively) (1,302,098) (1,223,186)
Additional paid-in capital 3,315,070 3,345,536
Statutory reserves 37,869 40,500
Retained earnings 4,699,089 2,796,745
Accumulated other comprehensive loss (208,093) (247,615)
Total JOYY Inc.'s shareholders' equity 6,541,847 4,711,990
Non-controlling interests 34,850 47,768
Total shareholders' equity 6,576,697 4,759,758
Total liabilities, mezzanine equity and shareholders' equity 7,552,488 7,527,797
Class A common shares    
Shareholders' equity    
Common shares 7 7
Class B common shares    
Shareholders' equity    
Common shares $ 3 $ 3