JOYY Business Model Canvas
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Unlock JOYY’s strategic blueprint with our concise Business Model Canvas that maps its value propositions, key partners, and monetization engines. Learn how JOYY acquires and retains users, scales payments, and manages content risk. Ideal for investors, founders, and analysts seeking actionable insights. Purchase the full downloadable Canvas for a complete, editable nine-block analysis.
Partnerships
Distribution agreements with Apple App Store and Google Play, which together capture over 90% of global app-store revenue, and regional stores ensure JOYY broad reach and compliance; Apple’s standard 30% cut (15% for qualifying small developers) shapes economics. OEM preload and app-recommendation deals, common across China and SEA, drive efficient user acquisition and improved discoverability. Strong ties with these partners reduce friction, influence payment terms, and boost installs and monetization.
JOYY partners with global cloud and CDN providers (AWS, Alibaba Cloud, Tencent Cloud, Akamai) to deliver low-latency live streaming at scale, leveraging edge nodes in 100+ countries and multi-region hosting across five continents to boost video quality and uptime. Cost-optimized bandwidth contracts and volume pricing shield margins during traffic spikes, while active redundancy and multi-provider failover arrangements enhance resilience and reliability.
Partnerships with card networks, local wallets and carrier billing enable seamless top-ups and gifting, tapping into over 4 billion mobile wallet users in 2024 to expand reach in APAC and LATAM. Localization of payments has been shown to improve conversion by up to 30% in emerging markets, raising ARPU for streaming platforms. Robust fraud prevention and chargeback management cut losses and disputes, while transparent settlement processes ensure timely, auditable creator payouts.
Creator agencies and MCNs
Creator agencies onboard, train and retain professional streamers for JOYY, improving average streamer retention and monetization; as of 2024 JOYY works with hundreds of agency-partners across Asia and MENA to scale talent pipelines.
MCNs curate content verticals and manage performance analytics, driving higher ARPU through optimized programming and platform promotion in 2024.
Revenue-sharing frameworks align incentives—standard splits and performance bonuses increase quality and consistency—while co-marketing campaigns expand cross-region reach and user acquisition.
- agencies: onboarding, training, retention
- MCNs: vertical curation, performance mgmt
- revenue sharing: incentives for quality
- co-marketing: regional audience expansion
Regulatory and compliance stakeholders
Engagement with regulators, ratings bodies, and safety NGOs anchors JOYYs compliant operations, embedding data, content, and minor-protection standards through formal guidance. Proactive dialogue with authorities reduces platform risk during policy shifts, while regular third-party audits and certifications strengthen trust and governance across live-streaming and social units.
- Regulatory engagement
- Standards embedding
- Proactive policy dialogue
- Third-party audits
JOYY relies on app-store distribution (Apple/Google >90% app-store revenue) and OEM preloads for acquisition; standard store fees (30%/15%) shape unit economics. Global cloud/CDN partners (AWS, Alibaba, Tencent, Akamai) provide edge nodes in 100+ countries for low-latency streaming. Payments (card, wallets, carrier billing) tap ~4 billion mobile-wallet users in 2024; hundreds of agency/MCN partners in Asia/MENA scale creator supply and monetization.
| Partner type | Key partners | 2024 metric |
|---|---|---|
| Distribution | Apple, Google, OEMs | >90% app-store revenue |
| Cloud/CDN | AWS, Alibaba, Tencent, Akamai | 100+ countries edge |
| Payments | Card, wallets, carriers | ~4B mobile-wallet users |
| Creators | Agencies, MCNs | Hundreds partners (Asia/MENA) |
What is included in the product
A comprehensive Business Model Canvas for JOYY detailing customer segments, channels, value propositions, revenue streams, key partners and resources across the 9 classic BMC blocks. Ideal for presentations and investor discussions, it includes SWOT-linked insights and competitive advantages to support strategic decisions.
Condenses JOYY’s creator-platform model into a single editable canvas to quickly surface revenue streams (ads, virtual goods, subscriptions), key user engagement levers, and operational bottlenecks for fast decision-making. Shareable and ready for teams, it saves hours of structuring while aligning product, monetization, and community strategies.
Activities
Continuous iteration on Bigo Live, Likee, and Hago in 2024 sustains engagement by optimizing live interactivity, short-video tools, and social mechanics across product funnels. Cross-platform integration between apps improves retention and monetization through unified accounts and shared content flows. Rapid A/B testing—run daily—guides product roadmaps and feature prioritization, shortening iteration cycles and boosting key metrics.
Real-time AI detection filters harmful content during live sessions, operating across 150+ markets to minimize exposure and trigger sub-minute escalation to human reviewers. Multilingual models plus 24/7 human review teams ensure policy adherence and context-sensitive decisions. Age gating and privacy controls enforce under‑18 protections and consent flows. Continuous safety enhancements preserve brand integrity and support regulatory compliance.
Recruiting, onboarding, and targeted incentives sustain JOYY’s creator pipeline across platforms serving over 400 million monthly active users, ensuring steady content supply. Training programs and analytics dashboards boost stream quality and monetization for creators. Tournaments, timed events, and collectible badges elevate competition and viewer retention. Structured tier systems tie rewards and revenue share directly to creator performance metrics.
User acquisition and growth marketing
Data-driven UA campaigns use cohort-level LTV:CAC targeting to optimize CAC across channels; JOYY reported FY2023 revenue of 3.66 billion USD, enabling scale investments in top-performing channels. Referral programs and gamified onboarding raise K-factor and early retention. Localization tailors creatives to cultural norms, while partnerships and influencer seeding expand reach efficiently.
- Data-driven UA: LTV:CAC targeting
- Referral/gamification: boosts K-factor
- Localization: cultural creatives
- Partnerships/influencers: efficient reach
Monetization operations
Monetization operations tune pricing, bundles, and time-limited promotions to drive virtual goods sales and lift conversion across JOYY’s live and short-video products; dynamic offers and tiered bundles increase purchase frequency and retention. Ad stack optimization balances yield and user experience through header bidding, frequency caps, and native placements to protect engagement. Robust payments, anti-fraud controls, and timely creator payouts build trust and reduce chargeback risk. Live commerce pilots and integrated mini-games unlock incremental ARPU by combining commerce, tips, and retained play.
- Pricing: dynamic offers and bundles
- Ads: yield vs. experience optimization
- Payments: anti-fraud and fast payouts
- Product: live commerce + mini-games = ARPU lift
Continuous product iteration on Bigo Live, Likee and Hago boosts engagement across funnels; A/B testing daily shortens cycles and lifts retention. AI moderation covers 150+ markets with sub-minute escalation and 24/7 human review; creator programs support 400M+ MAU. Data-driven UA and dynamic pricing optimize LTV:CAC and ARPU.
| Metric | Value |
|---|---|
| MAU | 400M+ |
| Markets | 150+ |
| FY2023 rev | 3.66B USD |
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Resources
Bigo Live, Likee, and Hago anchor JOYYs global ecosystem, together exceeding 2 billion cumulative downloads as of 2024 and driving international reach and monetization. Proprietary streaming, interactive, and short-video technologies deliver defensibility through low-latency infrastructure and patented UI/UX patterns. Reusable virtual-item portfolios and UI/UX motifs scale across brands, while data pipelines ingest and analyze billions of events daily to enable continuous product and recommendation improvements.
ML models rank content, match audiences, and detect risks; by 2024 platforms increasingly prioritize sub-100 ms real-time inference to support live sessions. Real-time inference infrastructure powers low-latency moderation and recommendations for streamers and viewers. Continuous feedback loops refine model accuracy and reduce false positives over time. Safety-first personalization improves engagement quality and retention.
JOYY's large, diverse creator base—over 10 million creators in 2024—keeps content fresh across YY Live and Bigo, while over 500 million monthly active users in 2024 sustain scale. Loyal user cohorts power strong network effects, with social graphs across apps driving virality and improving retention. Community norms and moderation foster belonging, increasing average session length and lifetime value.
Payments and compliance frameworks
Global payment rails with localized integrations reduce friction for cross-border creators and platforms; the 2024 creator economy is estimated at about 250 billion, increasing settlement demand. Robust KYC/KYB and AML processes, reinforced by 2024 FATF guidance, protect the ecosystem. Policy libraries and immutable audit trails ensure review readiness, while scalable settlement supports timely creator earnings.
- Payments: global rails + local PSPs
- Compliance: KYC/KYB, AML per FATF 2024
- Governance: policy libraries & audit trails
- Settlement: scalable, timely payouts
Talent and operational expertise
Product, data science, safety and ops teams execute at scale, supporting JOYY’s multi-product ecosystem with continuous A/B testing and machine-learning pipelines; 24/7 support maintains ~99.9% uptime and community health. Regional teams in 30+ markets drive localization and partnerships while vendor networks provide surge capacity for peak events.
- Teams: product, data science, safety, ops
- Support: 24/7, ~99.9% uptime
- Regional: 30+ markets
- Vendor: scalable surge capacity
Bigo Live, Likee and Hago drive >2 billion cumulative downloads and 500M MAU in 2024, supported by low-latency streaming and patented UI/UX. ML-driven real-time inference (<100 ms) and daily pipelines process billions of events for recommendations and moderation. Global payments, KYC/AML per FATF 2024 and scalable settlement serve 10M+ creators and ~99.9% uptime across 30+ markets.
| Resource | Metric | 2024 |
|---|---|---|
| Apps | Cumulative downloads | >2B |
| Users | Monthly active users | 500M |
| Creators | Registered creators | 10M+ |
| Payments | Creator economy | $250B (est.) |
| Infra | Uptime | ~99.9% |
| Markets | Regional presence | 30+ |
Value Propositions
Low-latency live streaming with gifts, PK battles and rooms creates immersion and, in 2024 the global live-streaming market topped $160B, underscoring scale. Audience participation drives stronger creator-viewer connections and higher retention. Dynamic events and challenges keep content fresh, turning viewers into co-creators rather than passive consumers.
Virtual gifts, subscriptions, and missions unlock earnings for creators, with JOYY reporting approximately US$2.6 billion in 2024 revenue that underpins platform payouts. Analytics dashboards and tiered incentives guide creator growth, boosting engagement and average creator earnings. Fast payouts and agency support reduce friction, while diverse formats—live, short video, and interactive—open multiple income paths for creators.
Diverse, localized content on JOYY—operating across 150+ countries—uses regional moderation and feature tweaks to match local norms, improving trust and retention. Multi-language support expands accessibility for global audiences, while niche verticals (gaming, music, education) capture varied interests and increase time spent. Cultural events such as Lunar New Year and Ramadan produce measurable seasonal engagement uplifts across platforms.
Safety and trust by design
AI-human hybrid moderation on JOYY combines automated detection with human review to protect communities, while reporting, blocking, and age-control tools empower users to manage interactions; transparent rules and an appeals process promote perceived fairness and platform trust, and robust compliance posture reassures creators, users, and advertisers.
Seamless multi-app ecosystem
Seamless multi-app ecosystem connects interoperable identities and cross-promotions across Bigo Live, Likee and Hago so users flow between live, short video and casual games; shared currencies and rewards boost stickiness and reduce churn. JOYY reported combined global app downloads exceeding 1.5 billion by 2024, lowering discovery friction and increasing lifetime value.
- Interoperable IDs
- Cross-promotion
- Shared currencies
- Lower discovery friction
Low-latency interactive live, diversified monetization and AI-human safety create high engagement and creator income; in 2024 live-streaming market topped $160B and JOYY reported ~US$2.6B revenue with 1.5B+ app downloads, enabling cross-app retention and faster creator payouts.
| Metric | 2024 |
|---|---|
| Market size | $160B+ |
| JOYY revenue | $2.6B |
| App downloads | 1.5B+ |
Customer Relationships
Clubs, rooms, and fandoms let JOYY users self-organize into interest-based communities, driving sustained engagement across platforms and contributing to a global user base of over 400 million registered users as of 2024. Hosts and moderators are paid and trained to nurture healthy dynamics, reducing churn and improving session length. Regular events and leaderboard-driven competitions sustain momentum and boost monetization. Peer recognition via badges and rankings strengthens loyalty and repeat spending.
Tiered VIP and subscription programs give top spenders exclusive badges, private rooms, and premium perks that reinforce status and encourage higher lifetime spend. Predictable benefits boost retention and ARPU—JOYY reported $1.66 billion revenue in 2023, with subscriptions and virtual gifting as core margins drivers. Limited-time seasonal passes create urgency and spikes in conversion. Deep personalization of rewards raises perceived value and engagement.
Workshops, toolkits, and analytics—backed by JOYY’s 2024 creator training initiatives—boost creator performance through data-driven benchmarks and A/B testing, improving engagement and monetization. Dedicated manager and agency liaisons offer hands-on guidance for high-value creators, aligning growth plans with platform algorithms. Clear policies and streamlined appeals reduce uncertainty and disputes, while recognition programs celebrate milestones and retention, supporting a scalable creator economy.
Proactive trust and safety outreach
Proactive trust and safety outreach uses regular transparency reports and policy updates to set clear expectations; the EU Digital Services Act (effective 2024) underscores this regulatory norm. In-app education cuts repeat violations, rapid incident response restores user confidence, and continuous community feedback loops refine content standards.
- Transparency reports: regulatory alignment (DSA 2024)
- In-app education: lowers violations
- Rapid response: restores confidence
- Feedback loops: iterative policy refinement
Always-on customer service
Always-on customer service at JOYY delivers 24/7 multi-channel support for billing, abuse, and technical issues, with SLAs routing high-impact cases to 1-hour response and standard cases within 24 hours; self-serve help centers reduce ticket volume by about 30% and localization efforts boost CSAT roughly 12% globally.
- Multi-channel: billing, abuse, technical
- SLA: 1-hour critical / 24-hour standard
- Self-serve: ~30% fewer tickets
- Localization: ~12% higher CSAT
Interest-based communities drive engagement across 400M registered users (2024) and extend session length. Tiered VIPs, subscriptions and virtual gifting underpin monetization—JOYY reported $1.66B revenue in 2023. Creator programs, trust & safety, and 24/7 support (SLA 1h critical/24h standard) sustain retention and spend; self-serve cuts tickets ~30% and localization lifts CSAT ~12%.
| Metric | Value |
|---|---|
| Registered users (2024) | 400M |
| Revenue (2023) | $1.66B |
| Self-serve ticket reduction | ~30% |
| CSAT lift (localization) | ~12% |
| SLA | 1h critical / 24h standard |
Channels
Mobile app stores are JOYYs primary discovery and install path across regions, with the App Store and Google Play driving over 95% of global installs in 2024. Featured placements can trigger rapid growth surges, often boosting installs by double-digit to triple-digit percentages during campaigns. Ratings management is critical—apps rated 4.0+ convert markedly better, sometimes 2–3x higher. Strict store compliance underpins continuity and revenue stability.
Creators cross-promote streams on TikTok, Instagram and YouTube, leveraging platforms with combined user bases exceeding 5 billion to funnel viewers to JOYY apps. Viral clips and challenges drive organic lift, often catalyzing rapid discovery across hundreds of millions of users. Ambassador programs add credibility and higher-quality engagement by aligning notable creators with brand messaging. Paid boosts accelerate campaigns through targeted spend to amplify reach and conversion.
Programmatic and network buys scale UA predictably, with programmatic capturing over 80% of US digital display in 2023, enabling volume plus bid automation; iterative creative testing aligns with cohort-quality goals; deep links plus SKAdNetwork (SKAN 4’s coarse conversion values/source IDs) improve ROAS measurement; geo-targeting fine-tunes spend for higher LTV/CPA efficiency.
Partnerships and OEM distribution
- preloads
- app recommendations
- telecom bundles
- co-branded offers
- carrier billing ~20% uplift (2024)
- retail tie-ins for events
Web and community portals
Web and community portals for JOYY (including Bigo and YY in 2024) use landing pages to showcase events and creators, enable lightweight web viewing for casual access, run affiliate and referral hubs to amplify sharing, and centralize help and policy in support portals to reduce churn.
- Landing pages showcase events and creators
- Web viewing supports lightweight access
- Affiliate and referral hubs stimulate sharing
- Support portals centralize help and policy
App stores drive 95%+ of installs in 2024; featured placements and 4.0+ ratings lift conversion 2–3x. Creators (TikTok/IG/YouTube ~5B users) and paid boosts fuel viral discovery. Programmatic UA (80%+ of US display, 2023) plus SKAN improves ROAS. Partnerships (preloads, OEMs, carrier billing ~20% uplift 2024) and web portals reduce churn.
| Channel | Metric (2023/24) |
|---|---|
| App Stores | 95%+ installs (2024) |
| Creators | Platforms ≈5B users |
| Programmatic | 80%+ US display (2023) |
| Carrier Billing | ~20% uplift (2024) |
Customer Segments
Viewers and fans seek live entertainment, community, and interaction, valuing real-time connection and discovery; with 5.3 billion global internet users in 2024 the addressable audience remains massive. They are sensitive to streaming quality, platform safety, and low latency, which directly affect retention and monetization. Engagement ranges from casual lurkers to VIP spenders who drive disproportionate revenue.
Individuals and teams producing live and short-form content drive JOYY, with creators motivated by earnings, audience growth, and platform recognition. In 2024 the global live-streaming market reached about $192 billion, underscoring strong monetization potential for top creators. They demand creator tools, granular analytics, transparent reward shares and reliable payout cycles. Agencies amplify professional cohorts, onboarding creators and scaling branded content.
Brands target JOYY's engaged, youthful audiences—global short-video platforms like TikTok reached about 1.5 billion monthly active users in 2024—so advertisers seek safe, high-visibility placements and sponsorships on livestream and short-video feeds. They demand measurement and brand-safety assurances and favor co-creation with creators to boost authenticity and engagement.
Casual gamers and social players
Hago users seek lightweight, social game loops and are drawn to frequent tournaments and rewards; Hago surpassed 100 million downloads by 2024, driving high discovery and retention. Monetization centers on in-app items and battle/event passes, while community features (chat, clubs) measurably increase session time and repeat play.
- segment: casual social gamers
- drivers: tournaments + rewards
- monetization: in-app items, passes
- impact: community features ↑ session time
Emerging market mobile users
Emerging market mobile users are highly price-sensitive and often face varied network conditions, driving demand for ultra-low data consumption and lightweight app experiences; GSMA estimated 5.9 billion unique mobile subscribers in 2024, with APAC, MEA and LATAM as key growth regions. Localized payments and regional languages/content are critical for retention and monetization across these markets.
- Low-data UX
- Localized payment rails
- Regional content & languages
- Growth hubs: APAC, MEA, LATAM
Viewers seek live interaction and low-latency streams; 5.3B global internet users in 2024. Creators power growth—live-streaming market ≈$192B in 2024 and demand analytics, payouts. Brands target short-video scale (≈1.5B MAU in 2024) for ads and sponsorships. Hago 100M+ downloads and emerging markets (5.9B mobile subs in 2024) need low-data UX and localized payments.
| Segment | 2024 metric | Monetization | Core needs |
|---|---|---|---|
| Viewers | 5.3B internet users | Ads, tips | Low latency, safety |
| Creators | Live market ~$192B | Gifts, subscriptions | Analytics, payouts |
| Brands | 1.5B short-video MAU | Ads, sponsorships | Measurement, safety |
| Hago | 100M+ downloads | In-app items, passes | Tournaments, community |
| Emerging | 5.9B mobile subs | Local payments | Low-data UX, localization |
Cost Structure
Live video for JOYY requires large data transit and edge delivery, with video traffic representing about 82% of global IP traffic per Cisco VNI (2023), driving substantial bandwidth/CDN spend. Peak events create sharp cost spikes that stress capacity planning. Multi-CDN routing is used to optimize price-performance and reduce latency. Volume-commit contracts secure lower unit rates via negotiated discounts.
Engineering for streaming, AI, and creator tools drives the bulk of JOYY’s R&D spend, aligning with industry R&D intensity of roughly 15–25% of revenue for platform tech firms; ongoing experimentation and A/B testing typically raise development costs by double-digit percentages. Cross-platform maintenance across iOS, Android, and web increases headcount and third-party costs, while continuous investment in security and privacy (pen tests, compliance) is persistent and material.
Performance ads, influencer deals and promotions account for the bulk of JOYY user-acquisition, often 60–80% of UA spend and driving install volume; creative production and localization add another 10–25% to budgets. Seasonal pushes (notably Q4) cluster spend and spike CPIs. Attribution tooling and MMP fees typically run about 1–3% of ad spend in 2024, plus fixed platform subscription fees.
Creator payouts and incentives
Creator payouts combine revenue shares, performance bonuses and contest rewards to supply and retain talent, with tiered programs tying higher shares to measurable outcomes such as watch-time and gift conversion rates.
Agency commissions and referral fees are built into unit economics, reducing net take-rate and requiring CAC-aware ROI for top creators.
Timely, transparent payouts—often daily or weekly on live platforms—are essential to maintain creator trust and platform liquidity.
- revenue_shares: variable by tier and performance
- bonuses_contests: drive short-term supply spikes
- tiered_programs: align cost with outcomes
- agency_commissions: reduce net revenue per creator
- timely_payouts: critical for retention
Operations, compliance, and support
Operations, trust and safety, and support scale with users: human moderation and support centers grow with MAU, driving headcount and platform costs. Legal and audit costs ensure adherence; payment processing fees averaged 2.9% in 2024 and fraud losses commonly ranged 0.5–1.0% of GMV. Office, tooling, and vendor fees underpin delivery as recurring overhead.
- human-moderation
- trust-and-safety
- support-centers
- legal-audit
- payment-processing-2.9%-2024
- fraud-losses-0.5-1.0%-2024
- office-tooling-vendors
Live video bandwidth/CDN (video ≈82% global IP traffic per Cisco VNI 2023) and multi-CDN peak costs dominate. R&D for streaming/AI (industry ~15–25% revenue) plus cross-platform engineering are major fixed opex. UA (60–80% of marketing spend), creator payouts, payment fees 2.9% and fraud 0.5–1.0% of GMV drive variable costs.
| Cost Item | 2024 Metric |
|---|---|
| Bandwidth/CDN | Video-heavy; peak spikes |
| R&D | 15–25% revenue |
| UA | 60–80% marketing spend |
| Payments/fraud | 2.9% / 0.5–1.0% |
Revenue Streams
Users purchase coins to send virtual gifts during JOYY live streams, creating an immediately monetizable interaction that scales with engagement. High-margin digital items and premium gift mechanics drive ARPPU by converting casual viewers into paying users. Time-limited events and seasonal skins spike conversion and average spend per event. Competitive leaderboards and visible gifting status encourage repeat purchases and retention.
Monthly subscription and VIP tiers provide predictable recurring revenue; in 2024 JOYY prioritized these offerings to stabilize cash flow. Perks such as badges, exclusive rooms, and stream boosts drive engagement and higher spend. Bundled coins packaged with tiers increase perceived value and upsell conversion. Focused churn management in 2024 sustained customer LTV through retention programs and targeted offers.
In-feed, pre-roll and display ads on JOYY monetize user attention across short-form clips and livestreams, with the global digital video ad market surpassing 100 billion USD in 2024, driving higher yield per impression.
Brand takeovers and event sponsorships command premium rates—often multiples of standard CPMs—boosting campaign ARPU during peak events and product launches.
Targeting leverages granular engagement data from JOYY platforms to lift conversion rates and ad relevance, improving eCPMs and ROAS.
Robust brand safety measures in 2024 unlocked larger advertiser budgets as major brands prioritized verifiable placement and content controls.
In-app purchases and mini-games
JOYY monetizes casual games and utilities via item and pass sales; mission systems and gacha mechanics raise play frequency while limited-time events drive urgency, and cross-app reward loops lift average spend. In 2024 global mobile consumer spend topped about 120 billion USD, underscoring the addressable market. These mechanics align with JOYY’s strategy to boost ARPPU and retention.
- items/passes
- mission + gacha = higher frequency
- limited-time events = urgency
- cross-app rewards = increased spend
Agency and value-added services
MCN services, creator training and promotional packages generate upfront and recurring fees as part of JOYYs agency and value-added offerings; these feed its creator-management ecosystem. Revenue shares from talent management align incentives and build recurring take-rates, while event production and co-marketing deliver one-off income. Premium analytics tooling can be monetized via subscription for professional creators and brands; in 2024 influencer marketing spend exceeded 20 billion USD, supporting demand.
- MCN fees and training: agency revenue
- Revenue share: aligned creator incentives
- Events/co-marketing: one-off income
- Premium analytics: SaaS subscription
JOYY monetizes live gifts, coins and premium items to drive ARPPU, with time-limited events and leaderboards boosting conversion. Subscriptions/VIP tiers prioritized in 2024 stabilized recurring revenue and raised LTV. Ads, brand takeovers and sponsorships captured higher CPMs as the global digital video ad market topped 100B USD in 2024. Games, MCN services and analytics add diversified one-off and recurring income.
| Stream | 2024 metric |
|---|---|
| Digital video ad market | >100B USD |
| Mobile consumer spend | ~120B USD |
| Influencer spend | >20B USD |