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JOYY Reports First Quarter 2025 Financial Results: Non-livestreaming Revenues Grew 25.3% year over year, Driven by Diversified Growth Strategy

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SINGAPORE, May 26, 2025 /PRNewswire/ — JOYY Inc. (NASDAQ: JOYY) (“JOYY” or the “Company”), a global leading technology company, announced its unaudited financial results for the first quarter of 2025.

In the first quarter of 2025, JOYY’s revenue reached US$494.4 million, with its non-livestreaming revenue reaching US$123.0 million, representing a year-over-year increase of 25.3%. Non-livestreaming revenues accounted for 24.9% of the Company’s total revenues. JOYY’s GAAP and non-GAAP1 operating profits increased approximately 244.5% and 24.9% year-over-year to US$12.2 million and US$31.0 million, with operating margins of 2.5% and 6.3%, respectively. The Company maintained strong operating cash flow, which reached US$58 million.

JOYY continued to deliver returns to shareholders. During the first quarter, the Company distributed US$49.1 million in dividends to shareholders. On top of that, the Company repurchased approximately US$22.5 million worth of its shares from January 1, 2025 through May 23, 2025, reinforcing its commitment to returning value to shareholders.

Ms. Ting Li, Chairperson and Chief Executive Officer of JOYY, commented, “As we celebrate the 20th anniversary of our operations, we have evolved beyond social entertainment, steadily fostering a multifaceted ecosystem. Our multi-engine growth strategy is yielding clear results, with our core livestreaming business achieving consistent profitability, and our programmatic advertising platform, BIGO Ads, demonstrating strong growth momentum, which is fueled by AI-driven innovations in user insights, intelligent creative development, and precise targeting. We expect these advances to further strengthen our competitive advantages and position our non-livestreaming businesses to become JOYY’s second growth engine.”

First Quarter 2025 Financial Highlights

Net revenues in the first quarter of 2025 were US$494.4 million.Operating income was US$12.2 million in the first quarter of 2025, compared to US$3.5 million in the corresponding period of 2024, representing a 244.5% year-over-year increase.Non-GAAP1 operating income was US$31.0 million in the first quarter of 2025, compared to US$24.8 million in the corresponding period of 2024, representing a 24.9% year-over-year increase.Net income from continuing operations attributable to controlling interest of JOYY was US$45.4 million in the first quarter of 2025, compared to US$45.3 million in the corresponding period of 2024.Non-GAAP1 net income from continuing operations attributable to controlling interest and common shareholders of JOYY was US$63.2 million in the first quarter of 2025.

First Quarter 2025 Business Highlights

Livestreaming Business

In the first quarter, JOYY’s livestreaming revenue was US$371.3 million, with BIGO contributing US$351.6 million.

The Company is continuously optimizing its user acquisition strategy by prioritizing advertising spend on higher quality paying users in core markets. In the first quarter, Bigo Live’s North American region saw Q1 MAU growth exceeding 7% year-over-year. At the same time, the number of paying users in the region increased by approximately 4% QoQ.

During the first quarter, JOYY’s products actively promoted a series of operational activities related to Ramadan in the Middle East region, which drove regional user activity and helped boost their brand influence among users. Notably, Likee achieved positive QoQ growth in the number of paying users.

JOYY continued to make important product feature updates that are creating clear operational benefits. In the first quarter, Bigo Live continued to enhance its user experience. Specifically, it improved its recommendation system, directed more traffic toward high-potential content creators, and upgraded its viewing interface. These changes led to a 4% QoQ increase in average viewing time per user. At the same time, Bigo Live launched an entirely redesigned VIP benefits system and improved its gifting experience, upgrading gift features for high-value users. These efforts delivered a 3% QoQ increase in ARPPU among Bigo Live’s high-end user cohort.

Likee also advanced its content strategy by building a more diverse and engaging content library. This led to impressive engagement metrics during the quarter. Videos viewed per user rose by 7% compared to the previous quarter, with overall video consumption time increasing by 10% over the same period. The refined approach to top streamer management and development also produced a notable 3% QoQ increase in Likee’s average paying ratio during the quarter.

Advertising Business

The BIGO Ads revenue grew 27% in the first quarter, supported by the Company’s comprehensive strengths, including local operations, extensive user base, industry-leading algorithms, and global network infrastructure, continuing to generate a positive profit contribution.

By integrating premium publisher traffic with the Company’s first-party traffic, BIGO Ads creates an advertising system that helps advertisers consistently reach their most valuable customers worldwide. BIGO Ads provides an intelligent, end-to-end advertising platform that covers user insights, creative development, precise targeting, and real-time optimization, leveraging its extensive global audience and years of quality data to build its own vertical model, integrating cutting-edge generative AI technologies. Its AI usage improves ad performance and ad returns while creating better revenue opportunities for the Company’s publisher partners. This success attracts both more advertiser spending and more publisher traffic, helping the BIGO Ads platform grow quickly.

1.This press release includes certain non-GAAP financial measures as additional clarifying items to aid investors in further understanding the Company’s performance and the impact that these items and events had on the financial results. The non-GAAP financial measures provided above should not be considered as a substitute for, or superior to, the measures of financial performance prepared in accordance with GAAP. For details of the non-GAAP measures, including the reconciliations of GAAP measures to non-GAAP measures, please refer to the press release titled “JOYY Reports First Quarter 2025 Unaudited Financial Results” issued by the Company on May 27, 2025.

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SOURCE JOYY Inc.

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SINTRONES Advances Battlefield Intelligence with Tactical Edge AI at EUROSATORY 2026

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Featuring Intel® Panther Lake Rugged Computing, Military AI Vision, and Data Sovereignty Solutions for Modern Defense

PARIS, June 15, 2026 /PRNewswire/ — SINTRONES Technology Corp. (TPEx: 6680), a global provider of rugged embedded and Edge AI computing solutions, will exhibit at EUROSATORY 2026 (Hall 5B, Booth BC465). The company will showcase its latest Tactical Edge AI computing platforms for battlefield intelligence, autonomous military operations, and mission-critical defense applications. In collaboration with TEAMGROUP Industrial, SINTRONES will also demonstrate integrated storage solutions designed to ensure an absolute control over critical data in modern defense environments.

As military operations increasingly rely on AI-driven intelligence, autonomous systems, and cyber-secure infrastructure, defense organizations require rugged computing platforms capable of processing vast amounts of data directly at the tactical edge. Developed under an IEC 62443-4-1 certified secure development lifecycle and validated to MIL-STD-810H environmental standards, SINTRONES delivers reliable Edge AI computing solutions engineered for harsh and mission-critical deployments.

“Defense organizations need more than computing performance. They require real-time intelligence, cybersecurity resilience, and dependable operation in demanding environments,” said Kevin Hsu, CEO of SINTRONES.

Intel® Panther Lake-Powered Tactical Edge AI Computing

A key highlight at the booth is the VBOX-3650 rugged in-vehicle computer, powered by the latest Intel® Core™ Ultra Series 3 processor (codename Panther Lake). Featuring integrated NPU and GPU acceleration, the platform is engineered for AI-powered military mobility, autonomous ground vehicles (UGVs), mobile command systems, and ISR applications that require real-time intelligence at the tactical edge. Delivering high-throughput AI inference, low-latency responsiveness, and energy-efficient performance in a compact fanless design, the VBOX-3650 enables defense organizations to deploy advanced AI capabilities closer to the mission.

The showcased solutions support AI-powered vision applications, including real-time object detection, target tracking, situational awareness, and autonomous navigation, helping operators transform sensor data into actionable intelligence for faster and more informed decision-making.

Data Sovereignty Through Integrated Edge AI and Secure Storage

As defense platforms generate increasing volumes of mission-critical data, maintaining control and protection of sensitive information has become a strategic priority.

At EUROSATORY 2026, SINTRONES will collaborate with TEAMGROUP Industrial to demonstrate an integrated Edge AI and secure storage solution. The showcase combines SINTRONES rugged computing platforms with TEAMGROUP Industrial’s industrial-grade storage technologies, including its One-Click Data Destruction SSD, designed to safeguard sensitive operational data in defense applications.

Together, the integrated solution enables military organizations to process intelligence at the tactical edge while strengthening data sovereignty, operational resilience, and information security in high-risk environments.

Secure-by-Design Edge AI for Defense Applications

Cybersecurity remains a critical requirement across modern defense supply chains. SINTRONES develops its Edge AI platforms under an IEC 62443-4-1 certified secure development lifecycle, integrating cybersecurity best practices throughout product development and deployment.

Combined with MIL-STD-810H ruggedization and mission-critical computing expertise, SINTRONES delivers secure and reliable Edge AI platforms that help defense organizations build resilient infrastructures for next-generation military operations.

About SINTRONES

Founded in 2009, SINTRONES Technology Corp. (TPEx: 6680) is a global provider of rugged industrial and Edge AI computing solutions. The company designs modular, certified platforms that enable real-time decision-making at the edge for mission-critical applications across transportation, industrial automation, and military and defense environments. For more information, visit: www.sintrones.com

View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/sintrones-advances-battlefield-intelligence-with-tactical-edge-ai-at-eurosatory-2026-302799757.html

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HiringThing Launches AI Candidate Ranking to Cut Time-to-Hire

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New features and plan options give employers of every size the ability to move faster on top candidates.

ALLENTOWN, Pa., June 15, 2026 /PRNewswire-PRWeb/ — HiringThing, the leading white label applicant tracking system (ATS), today announced the launch of the next generation of their platform, featuring a Visual Candidate Pipeline, AI Candidate Ranking, and Workflow Management, alongside two new plan tiers: Essential and Pro.

“Most of the employers we work with aren’t struggling to post jobs. They’re struggling to move fast enough once applications come in,” says Colette Luke, VP of Product. “We built this platform so that the best candidate isn’t lost because no one got to their resume in time.”

The launch comes as employers face a paradox in today’s labor market: job openings remain plentiful, yet average time-to-fill has stayed above 30 days. At the same time, high-volume roles routinely attract hundreds of applications that hiring teams cannot review fast enough.

HiringThing’s new AI Candidate Ranking feature addresses this directly: every applicant is scored against the job description in seconds, giving hiring managers a ranked shortlist as a starting point rather than an inbox of unread resumes. Hiring teams retain full control throughout the process. They can review and adjust the criteria the AI uses to rank candidates, as well as the weight assigned to each factor, ensuring every ranking reflects their priorities, not just an algorithm’s defaults.

“Most of the employers we work with aren’t struggling to post jobs. They’re struggling to move fast enough once applications come in,” says Colette Luke, VP of Product. “We built this platform so that the best candidate isn’t lost because no one got to their resume in time.”

A faster, smarter hiring experience

The next generation of HiringThing gives hiring teams three things they’ve consistently said they need: a faster way to surface strong candidates from a crowded applicant pool, a clearer view of where every candidate stands at any moment, and less time spent on the manual coordination that slows offers down. AI Candidate Ranking is designed to guide and accelerate human decision-making. Hiring decisions remain firmly with the people who know their teams and culture best. The result is a platform that largely eliminates the bottlenecks that cost employers top talent: slow triage, missed follow-ups, and inconsistent processes.

Plans built for every stage of growth

The new Essential and Pro tiers ensure every employer gets the right level of functionality. Smaller teams get a clean, complete hiring experience out of the box. Higher-volume and multi-location employers get AI-powered features that scale with their complexity.

“A small employer hiring ten people a year needs something clean and simple,” said Jess Tejani, COO. “A multi-location employer hiring fifty people a quarter needs AI, automation, and custom workflows. We built both on the same platform.”

The next-generation HiringThing platform is available now to all partners and their clients. For more information, visit hiringthing.com or contact sales@hiringthing.com.

About HiringThing

HiringThing is a modern recruiting and employee onboarding platform as a service that creates seamless talent experiences. Our white label solutions and open API enable technology and service providers to offer hiring and onboarding to their clients. Approachable and adaptable, the platform empowers anyone, anywhere to build their dream team. For more information, visit hiringthing.com or follow us on LinkedIn, X, or YouTube.

Media Contact

Joanna Campa, HiringThing, 1 8887692023, marketing@hiringthing.com, hiringthing.com

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SOURCE HiringThing

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SWI Group takes majority position in GDA, a 1.3 GW USA digital infrastructure group, taking SWI Group to a majority shareholding position.

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The acquisition will increase SWI Group’s shareholding in one of the largest privately held U.S. digital infrastructure platforms to majority holding position. SWI Group will work closely with management to reposition GDA’s assets for high-performance computing and AI workloads, expanding the Group’s combined global capacity to over 3.6 GW.

LONDON and AMSTERDAM, June 15, 2026 /PRNewswire/ — Euronext Amsterdam-listed SWI Group (“SWI”; SWICH) today announced a binding agreement to acquire an additional shareholding in Genesis Digital Assets Limited (“GDA”), one of the largest privately-held digital infrastructure companies, with operations primarily in the USA.

GDA holds land with over 1.3 GW of energized and approved grid connections. The company comprises 15 facilities, including multiple hyperscaler-grade sites in Texas. SWI Group’s existing digital infrastructure investments include the AiOnX 2.3GW European data center platform which is developing five strategically located hyperscale projects in Ireland, the United Kingdom, Denmark, Spain, and Italy, partially leased to one of the largest hyperscalers.

SWI Group has also agreed to acquire a majority stake in Polarise, an AI digital infrastructure provider with a focus on building the underlying infrastructure for AI and providing high-performance computing (HPC) capacities via its hardware and software offerings. Polarise is an official NVIDIA Cloud Service Provider and has recently launched the first industrial-scale AI Factory in Germany in partnership with Deutsche Telekom and NVIDIA.

“The acquisition of a majority shareholding in GDA will significantly expand SWI Group’s digital infrastructure footprint to include the USA, the largest and fastest-growing market for AI and HPC data centers. By aggregating these European and US platforms, the Group is creating a leading global digital infrastructure player offering full, vertically integrated cloud and AI computing capacity across the 5 layers of AI: land, chips, infrastructure, models and applications. ” said Max-Hervé George, Founder and Chief Executive Officer of SWI Group.

This press release contains information which is or may constitute inside information within the meaning contemplated by the Market Abuse Regulation (EU) 596/2014.

About SWI Group

SWI Stoneweg Icona Group (www.swi.com), listed on Euronext Amsterdam under the ticker SWICH (ISIN: SGXPZ11CH7U7), is a global investment conglomerate driven by an entrepreneurial spirit that operates in a number of sectors, including Data Centers, Real Estate, Credit, and the Financial Sector. The Group’s investment strategies are grounded in thorough research, in-depth first-hand knowledge, and the ability to efficiently implement strategies to maximise the greatest return potential. SWI Group relies on local operating teams to identify, develop and manage opportunities around the world, both real estate and investment strategies. SWI Group currently has approximately €10 billion of assets under management and employs over 280 people across 26 offices across the world.

About AiOnX

AiOnX is SWI Group’s wholly owned data center development and operating platform, with five sites under development across Ireland, the United Kingdom, Denmark, Spain, and Italy, representing 2.3 GW of European AI-ready capacity.

About Genesis Digital Assets Limited

Genesis Digital Assets Limited holds over 1.3 GW of energized land across facilities located primarily in the United States and Sweden, including multiple hyperscaler-grade sites in Texas. The company is being repositioned for high-performance computing and AI workloads.

About Polarise GmbH

Founded in Germany, Polarise (www.polarise.eu) is a leading European AI infrastructure platform delivering high-performance computing (HPC) at scale through a combination of purpose-built AI data centers, advanced software capabilities and deep operational expertise. As one of Europe’s preferred NVIDIA Cloud Partner and NVIDIA Cloud Service Provider, Polarise enables enterprise and sovereign customers to deploy mission-critical AI workloads with high performance, security and reliability across the continent.

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SOURCE SWI Group

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