BILI vs JOYY
Bilibili Inc. and Joyy Inc., side by side — 10 fiscal years reported in CNY, drawn from SEC filings.
At a glance
Most recent reported year
| Metric | BILI | JOYY |
|---|---|---|
| Revenue | ¥30.3B | ¥2.1B |
| Net income | ¥1.2B | ¥2.1B |
| Gross margin | 36.6% | 35.9% |
| Net margin | 3.9% | 98.8% |
| Return on equity | 8.0% | 37.3% |
| Diluted EPS | — | — |
| Dividend / share | — | ¥0.00 |
| Payout ratio | — | 7.4% |
| Free cash flow | ¥6.6B | ¥159.2M |
| Equity | ¥15.6B | ¥6.5B |
| Net debt / equity | −0.27× | −0.06× |
| Current ratio | 1.36× | 1.85× |
| Revenue CAGR 5y | 20.4% | 2.1% |
| Profit CAGR 5y | — | 8.9% |
BILI bills 14.3× the revenue of JOYY, and JOYY keeps more of each dollar of revenue as profit (98.8% against 3.9%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner.
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Revenue by year
10 years side by side
| Fiscal year | BILI | JOYY |
|---|---|---|
| FY2025 | ¥30.3B | ¥2.1B |
| FY2024 | ¥26.8B | ¥2.2B |
| FY2023 | ¥22.5B | ¥2.3B |
| FY2022 | ¥21.9B | ¥2.4B |
| FY2021 | ¥19.4B | ¥2.6B |
| FY2020 | ¥12.0B | ¥1.9B |
| FY2019 | ¥6.8B | ¥900.7M |
| FY2018 | ¥4.1B | ¥829.5M |
| FY2017 | ¥2.5B | ¥11.6B |
| FY2016 | ¥523.3M | ¥8.2B |
Net income by year
Bottom line
| Fiscal year | BILI | JOYY |
|---|---|---|
| FY2025 | ¥1.2B | ¥2.1B |
| FY2024 | ¥-1.3B | ¥-146.2M |
| FY2023 | ¥-4.8B | ¥301.8M |
| FY2022 | ¥-7.5B | ¥128.9M |
| FY2021 | ¥-6.8B | ¥-80.3M |
| FY2020 | ¥-3.1B | ¥1.4B |
| FY2019 | ¥-1.3B | ¥509.8M |
| FY2018 | ¥-565.0M | ¥2.2B |
| FY2017 | ¥-183.8M | ¥2.5B |
| FY2016 | ¥-911.5M | ¥1.5B |
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