JOYY Inc(JOYY)

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EXPLORE ADVISORIES AND THEIR HISTORY
QUALITY SIGNAL RECENCY
3-STAR RATING
SELL
SELL for 1 day
PROFIT SINCE LAST BUY
+18.4% ▲
LAST CLOSE
$75.41
10/28/2026
(24-hour delay)

Advisory History & Simulated Performance *

*as per simulation (see disclosures)
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  • 1Y
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  • BUY Advisory
  • SELL Advisory (Profit)
  • SELL Advisory (Loss)
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Upturn Stock price based on last close iconStock price based on last close
Simulated performance—not actual client returns. Excludes advisory subscription fees, trading commissions, and taxes, which would reduce returns. Results depend on calculation assumptions and do not guarantee future outcomes. See Disclosures for full methodology, assumptions, and limitations.

Advisory Performance History (Simulated)Advisory Performance History info

Simulated performance—not actual client returns. Excludes advisory subscription fees, trading commissions, and taxes, which would reduce returns. Results depend on calculation assumptions and do not guarantee future outcomes. See Disclosures for full methodology, assumptions, and limitations.

Upturn Advisory & Investor View for JOYY

10/28/2026: JOYY (3-star) is a SELL. SELL for 1 day. Simulated Profits (18.40%). Updated daily EoD!

JOYY Inc is a global provider of interactive social entertainment platforms, including Bigo Live and Likee, which operate primarily in international markets. The company has a leading position in specific emerging regions and is recognized for its strong cash position and high-margin monetization through virtual gifting. Its primary investment story hinges on global user expansion and operational efficiency improvements. However, the company faces substantial risks from intense competition, regulatory volatility, and its reliance on discretionary user spending. It may best suit value-oriented investors who can tolerate geopolitical and execution risks while monitoring developments in content regulation and profitability milestones.

How to Read the Upturn Advisory

The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.

Company fundamentals, valuation, risks, and news provide supporting context about the business.

Investor Fit

Investor styleFitWhy
Growth investorMixed fitThe growth narrative is tempered by increased competition and regional maturity in core markets.
Momentum investorWeak fitMomentum has been inconsistent given the broad pressures on international technology stocks.
Value investorStrong fitThe stock often trades at a discount to cash reserves and fundamental book value.
Dividend investorMixed fitWhile the company has provided occasional special payouts, it lacks a consistent, predictable dividend growth policy.
Low-risk investorWeak fitGeopolitical and regulatory risks associated with the business model introduce significant volatility.

Risk Profile

Risk factorLevelWhy it matters
Price volatilityHighThe stock's valuation is sensitive to geopolitical headlines and regulatory shifts.
Valuation riskMediumWhile trading at attractive multiples, the valuation is capped by market skepticism regarding Chinese-linked ADRs.
Competition risk (Digital entertainment)HighDirect competition from giants like TikTok poses a constant threat to user retention.
Business qualityMediumThe company maintains solid margins, but its growth potential is subject to external regulatory constraints.
Dividend incomeMediumInconsistent payout history means investors cannot rely on the stock for regular income.
Execution riskMediumSuccessfully balancing global expansion with localized regulatory requirements is operationally intensive.

Price Behavior

Strong Uptrend
PRICE PATH

Strong Uptrend

The stock has maintained a strong upward price trend across the last three quarters.

Moderately Choppy
PRICE STABILITY

Moderately Choppy

The stock has experienced noticeable price swings while retaining some directional structure.

Analysis of Past Performance

Type Stock
Historic Profit 11.46%
Avg. Invested days 47
Today’s Advisory SELL
Upturn Advisory Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 3.0
Stock Returns Performance Upturn Returns Performance icon 2.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 10/28/2026

Upturn Scorecard

Upturn Star Rating

★★★★★
JOYY receives a 3-star rating, supported by solid analyst coverage. The rating is constrained by soft unit economics, and weak price momentum.

Company Fundamentals

★★★★★
JOYY has moderate overall fundamentals (3 stars), with moderate financial health, moderate growth momentum, and solid ownership. In FY2025 versus FY2024, strong earnings growth (+1535.0%) and solid cash generation (FCF margin 7.5%) are partially offset by negative revenue growth (-5.1%), modest insider ownership of 3.31%.

Financial Health Rating

★★★★★
JOYY's financial health is supported by solid cash strength, including free-cash-flow generation (7.5% of revenue). Liquidity is moderate (3 stars), which helps explain the 3-star overall score.

Growth Momentum Score

★★★★★
Earnings growth is JOYY's strongest growth driver at +1535.0% FY2025 versus FY2024 (strong, 5 stars). By comparison, while revenue growth (-5.1%, negative) and free-cash-flow growth (-29.1%, negative) hold the profile back, so recent growth is not broad-based across the business.

Ownership

★★★★★
Institutional ownership is 66.5% and approximately 76.0% of outstanding shares are publicly tradable, supporting liquidity and institutional participation. Insider ownership of 3.31% provides only moderate management-shareholder alignment.

Top 5 Institutional Investors

The Goldman Sachs Group Inc 3.49%
Acadian Asset Management LLC 3.00%
Krane Funds Advisors LLC 2.21%
LSV Asset Management 1.85%
Morgan Stanley - Brokerage Accounts 1.79%

Unit Economics (Per $1K Revenue)

★★★★★
JOYY generates approximately $359 of gross profit, $26 of operating income, and $75 of free cash flow for every $1,000 of revenue. Based on FY2025 results. Soft margins explain the 2-star rating, with weak cash conversion and soft capital efficiency.

Economic Dimensions

★★★★★
Effective Tax Rate: -821.46% (Tax Credit)

Quantitative Style Profile

★★★★★
JOYY has a liquid, relatively low-volatility profile. Weak momentum is the primary drawback.

Style Classification

Quality Focused

Value-OrientedLow VolatilitySmall / Mid Cap RiskShort Squeeze RiskHighly Liquid / Institution-Friendly

Key Highlights

Company Size Mid-Cap Stock
Market Capitalization 3.87B USD
Price to earnings Ratio 18.92
1Y Target Price 91.15
Price to earnings Ratio 18.92
1Y Target Price 91.15
Volume (30-day avg) 309.1K shares
Beta 0.4
52 Weeks Range 52.00 - 85.15
Updated Date 10/28/2026
52 Weeks Range 52.00 - 85.15
Updated Date 10/28/2026
Dividends yield (FY) 6.51%
Basic EPS (TTM) 4.18

How Company Makes Money

Business areaWhat it includesRetail investor read
Live StreamingVirtual gifting and user subscriptions on Bigo Live.Most revenue comes from users purchasing virtual gifts for their favorite content creators.
Short-form VideoAdvertising and in-app purchases on Likee.Revenue is generated through ads and premium features within the video platform.

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

Revenue by Geography

Geography revenue - Year on Year

Valuation

Trailing PE 18.92
Forward PE 9.78
Enterprise Value 2.75B
Price to Sales(TTM) 1.71
Enterprise Value 2.75B
Price to Sales(TTM) 1.71
Enterprise Value to Revenue 1.21
Enterprise Value to EBITDA 16.63
Shares Outstanding 32.65M
Shares Floating 24.81M
Shares Outstanding 32.65M
Shares Floating 24.81M
Percent Insiders 3.31
Percent Institutions 66.47

Financial Metrics

🧭 Investment Snapshot

Total Revenue (Scale)

Information icon Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.

Net Income (Profit)

Information icon Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.

Free Cash Flow (Cash Strength)

Information icon Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.

📈 Growth & Strength

Operating Income (Core Profit)

Information icon Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.

EBITDA (Cash Earnings)

Information icon Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.

Gross Profit (Unit Profitability)

Information icon Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.

🛡️ Financial Safety

Cash (Liquidity Buffer)

Information icon Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.

Total Debt (Leverage Risk)

Information icon Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.

Net Working Capital (Short-Term Health)

Information icon Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.

🧱 Balance Sheet Strength

Stockholder Equity (Net Worth)

Information icon Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.

Total Assets (Asset Base)

Information icon The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.

Income Before Tax (Pre-Tax Earnings)

Information icon Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.

⚙️ Cost & Drag Factors

Cost of Revenue (Production Cost)

Information icon Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.

Total Operating Expenses (Operating Cost)

Information icon Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.

Income Tax Expense (Tax Drag)

Information icon Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.

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