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flag JOYY reports Q1 2025 revenue down 12.6% to $494.4M, marking a decline in users and ARPPU.

flag JOYY, a global tech company, reported a net revenue of $494.4 million for Q1 2025, down from $564.6 million in Q1 2024, due to a decline in paying users and average revenue per paying user (ARPPU). flag However, non-livestreaming revenues increased by 25.3% to $123.0 million. flag The company's global average mobile MAUs dropped to 260.4 million from 277.3 million, reflecting a shift towards ROI-focused sales and marketing strategies.

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