SINGAPORE, March 11, 2026 /PRNewswire/ — JOYY Inc. (NASDAQ: JOYY) (“JOYY” or the “Company”), a global leading technology company, announced its unaudited financial results for the fourth quarter and full year of 2025.

In the fourth quarter of 2025, JOYY’s total revenue was US$581.9 million, up 7.7% quarter over quarter and 5.9% year over year, marking a return to year-over-year revenue growth. Livestreaming revenue was US$394.4 million, up 1.5% quarter over quarter, marking the third consecutive quarter of sequential growth. BIGO Ads delivered accelerating revenue growth, up 61.5% year over year to US$128.1 million. For the full year of 2025, total revenue was US$2.12 billion. Livestreaming contributed US$1.53 billion, while BIGO Ads contributed US$398.5 million, up 38.5% year over year, driving total non‑livestreaming revenue, including ad revenue and others, to 28.0% of the Company’s revenue, up 7.9 percentage points from 2024.

In 2025, JOYY delivered steady profitability growth. Non-GAAP¹ operating income and non-GAAP¹ EBITDA were US$150.8 million and US$189.8 million, up 10.8% and 10.9% year over year, respectively. In the fourth quarter, non‑GAAP¹ operating income stood at US$40.8 million, and operating cash flow for the fourth quarter totaled US$116.0 million. As of December 31, 2025, the Company held US$3.26 billion in net cash.

JOYY previously announced a shareholder return program of approximately US$900 million through dividends and share repurchases from 2025 through 2027. The Company has been actively executing its share repurchase program, with repurchases totaling US$67.4 million in the fourth quarter. In total, JOYY has distributed approximately US$332.0 million in dividends and share repurchases throughout 2025. In light of the double-digit improvements in operational profit in 2025, the Company will distribute an additional cash dividend of approximately US$20 million in the first quarter of 2026.

Ms. Ting Li, Chairperson and Chief Executive Officer of JOYY, commented, “Looking back at the full year of 2025, we made meaningful progress in shaping our strategic framework as a global technology company with multiple, synergistic growth engines. Our livestreaming revenue has returned to sequential growth. BIGO Ads achieved 38.5% year-over-year revenue growth, with our third-party Audience Network ads revenue accelerating to 56.3% year-over-year growth. Non-GAAP operating profit remained robust, up by 10.8% year over year. As we look ahead, with our social entertainment business serving as the cornerstone of profitability and cash flow, and BIGO Ads and e-commerce SaaS business fueling our next stage of growth, we are well-positioned for sustainable and profitable growth. Leveraging our integrated ecosystem, we remain committed to strengthening JOYY’s position and delivering long-term value for our shareholders.”

Fourth Quarter 2025 Financial Highlights

• Net revenues increased by 5.9% to US$581.9 million from US$549.4 million in the corresponding period of 2024 and by 7.7% from US$540.2 million in the third quarter of 2025.

– Livestreaming revenue was US$394.4 million, representing an increase of 1.5% from US$388.5 million in the third quarter of 2025.

– Advertising revenue increased by 62.4% to US$145.4 million from US$89.6 million in the corresponding period of 2024 and by 29.3% from US$112.5 million in the third quarter of 2025.

– Other revenues increased by 12.3% to US$42.1 million from US$37.5 million in the corresponding period of 2024 and by 7.2% from US$39.2 million in the third quarter of 2025.

• Operating income was US$18.3 million.
• Non-GAAP¹ operating income was US$40.8 million.
• Net Cash as of December 31, 2025 was US$3.26 billion.
• Net cash from operating activities was US$116.0 million, compared with US$110.5 million in the corresponding period of 2024.

Full Year 2025 Financial Highlights

• Net revenues were US$2,124.2 million.
• Operating income was US$55.8 million.
• Non-GAAP¹ operating income was US$150.8 million, up 10.8% from US$136.1 million in 2024.
• Non-GAAP¹ EBITDA was US$189.8 million, up 10.9% from US$171.2 million in 2024.

Fourth Quarter 2025 Business Highlights

Social Entertainment Business

In the fourth quarter, JOYY’s core social entertainment business achieved its third consecutive quarter of sequential growth. Global average mobile MAUs reached 272.1 million, up 2.2% quarter over quarter. Traffic from its instant messenger increased 4.5% quarter over quarter, driven by high user stickiness and user organic growth. Both average user time spent and retention improved year over year. In the fourth quarter, the Company’s livestreaming revenue grew 1.5% sequentially to US$394.4 million, while livestreaming revenue in developed countries increased 3.4% quarter over quarter. Backed by localized operational improvements, BIGO’s total paying users increased 1.5% sequentially, while ARPPU continued to record modest sequential growth.

Bigo Live refined its streamer incentive structure and integrated AI-driven features across critical stages of the user journey, enhancing content consumption and improving payment experiences. In the fourth quarter, the number of mid-tier quality streamers grew sequentially by 7.8%, with the total streaming hours rising 10.3% quarter over quarter. By integrating LLM architecture and incorporating multi-modal information into the platform’s recommendation systems, Bigo Live has improved its ability to understand both livestreaming content and user interests. This continuous optimization of recommendation precision and distribution efficiency led to a 5.6% quarter-over-quarter increase in Bigo Live’s users’ average viewing time. Bigo Live launched the “Featured” tab in the fourth quarter, improving the content consumption experience for new users, with particularly strong performance in developed markets and among premium user segments. In North America, new users’ effective viewing rate increased by 10.3% quarter over quarter, average viewing time per user rose by 3.9%, and 30-day retention improved by 4.8%. Furthermore, user adoption of AI-generated virtual gifts continues to grow. As of January 2026, the consumption of AI interactive gifts on Bigo Live has surpassed 30% of the total virtual gift consumption.

During the quarter, Bigo Live launched its first all‑live reality show in North America, bringing nine top hosts together in Atlanta for an electrifying five-day competition. The new format drove a significant 3% organic DAU spike during showtime. The platform continued to strengthen local community ties through culturally rooted campaigns across the globe. These included Indonesia’s Hari Batik Nasional initiative and Latin America’s “Orgullo Nacional”, which boosted regional engagement and created a space for cultural expression. Additionally, Bigo Live partnered with creators in the United States and Vietnam on community initiatives, supporting Thanksgiving meal assistance and Vietnamese Women’s Day outreach for underprivileged women and children. Through these efforts, Bigo Live continues to deliver on its mission to bring positive social value to local communities. 

BIGO Ads Ad Tech Business

In the fourth quarter, BIGO Ads recorded revenue of US$128.1 million, up 61.5% year over year and 23.3% quarter over quarter. Third‑party Audience Network ad revenues grew 82.5% year over year and 27.3% quarter over quarter, with growth accelerating for the third consecutive quarter. BIGO Ads fueled this growth through broader traffic coverage, multi‑vertical advertiser expansion, and ongoing algorithm optimization.

First‑party traffic expanded steadily, supported by higher MAUs and ad fill rates that drove sequential revenue and profit growth. Third-party SDK traffic expansion continued, with SDK ad requests growing by 166% year over year and 23% quarter over quarter.

BIGO Ads continues to expand coverage across diverse verticals. With ongoing data accumulation, model iteration, and bidding strategy optimization, audience targeting accuracy and fulfillment efficiency have further improved, fueling accelerated revenue growth. In the fourth quarter, BIGO ads saw a 20% quarter-over-quarter increase in Web-based demand and 39% in its mobile-based IAA demand sequentially. Overall, the number of key accounts increased by 29%, and total spending from key accounts rose 34% quarter over quarter.

BIGO Ads continued to prioritize key developed markets, with North America revenue up over 21% quarter over quarter and Western Europe revenue up 46% quarter over quarter.

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 Fourth Quarter and Full Year 2025 Unaudited Financial Results” issued by the Company on March 11, 2026.

SEOUL, South Korea, March 11, 2026 /PRNewswire/ — Perseus (www.cyberperseus.com) has released its flagship automotive hypervisor, PEGASUS, for Infineon Technologies’ AURIX™ TC4Dx System-on-Chip (SoC) evaluation platform, giving OEMs and Tier 1s a production-oriented path to develop and test virtualized, mixed-criticality systems for next-generation Software-Defined Vehicles (SDVs). The ISO 26262 ASIL-D–certified Type‑1 (bare‑metal) hypervisor is now available on TC4Dx evaluation hardware, with tooling and documentation accessible through Infineon’s ecosystem channels.

This release marks the completion of an integration and enablement program in which Perseus adapted PEGASUS to the TC4Dx evaluation board, delivering an engineer-ready evaluation stack that tightly couples TC4Dx hardware features with system-level virtualization requirements. The combined solution is designed to support SDV, zonal, and safety-critical automotive architectures, enabling developers to prototype and advance consolidated, safety-compliant E/E platforms on production-grade technology.

What’s available now

Engineers working with Infineon AURIX™ TC4Dx evaluation hardware can now access a complete virtualization stack designed for real-system evaluation and integration:

PEGASUS Automotive Hypervisor

• Perseus’ flagship system software product
• Type-1 (bare-metal) hypervisor
• ISO 26262 ASIL-D certified for CPU and MCU architectures
• Enables strict isolation and deterministic scheduling of mixed-criticality workloads

PEGASUS Software Development Kit (Workbench)

• System-level configuration and build environment
• Definition of VM (virtual machine) layouts and resource allocation (CPU, memory, devices)
• Design-time validation and repeatable image generation

Documentation and References

• Platform descriptions, integration guidance, and partner information
  Published via Infineon’s IFX ecosystem and partner database

PEGASUS’ availability on Infineon AURIX™ TC4Dx Evaluation Hardware supports real system evaluation and integration work, rather than proof-of-concept experimentation.

Technical context

As Software-Defined Vehicle (SDV) architectures mature, OEMs are under pressure to consolidate functionality not only on application-class SoCs but also within real-time and safety-critical MCU domains. Infineon’s AURIX™ TC4Dx family—engineered for deterministic execution and ASIL-D safety—offers a hardware base for this consolidation. PEGASUS addresses the system-software layer required to safely consolidate workloads on such platforms, enforcing isolation, resource control, and predictable behavior below the operating system layer.

“PEGASUS is Perseus’ flagship automotive hypervisor, designed to operate at the system layer where safety, determinism, and isolation are defined,” said Sang-bum Suh, PhD, Perseus Founder. “By enabling PEGASUS on Infineon’s TC4Dx evaluation hardware and making the tooling and documentation publicly available, we’re giving engineering teams a practical way to evaluate MCU-level virtualization for production-oriented SDV architectures.”

“Infineon’s AURIX™ TC4Dx microcontrollers are designed to support advanced automotive architectures requiring strong safety and real-time characteristics,” said Thomas Schneid, Head of Software, Partnership & Ecosystem Management at Infineon Technologies. “The availability of PEGASUS through our ecosystem provides customers with an additional option to evaluate hypervisor-based virtualization on TC4Dx as part of their system architecture and platform assessments.”

About Perseus

Perseus is an automotive system software company specializing in foundational system software for Software-Defined Vehicles (SDVs). Perseus’ portfolio includes PEGASUS, an ISO 26262 ASIL-D–certified Type-1 automotive hypervisor for CPU and MCU architectures, along with complementary tooling and system software designed to enable safe, deterministic consolidation of mixed-criticality workloads. Perseus works with automotive OEMs, Tier-1 and Tier-2 suppliers, and semiconductor partners to support production-oriented SDV platforms.

HO CHI MINH CITY, Vietnam, March 11, 2026 /PRNewswire/ — According to the Agoda 2026 Travel Outlook Report, Vietnamese travelers are emerging as the region’s most enthusiastic adopters of artificial intelligence (AI) in travel planning. The report reveals that 81% of Vietnamese travelers are likely to use AI to plan their next journey – the highest rate in Asia, where the average is 63%. 

Despite being at an early stage of adoption, sentiment towards AI remains largely positive. Agoda’s study shows that 86% of Vietnamese travelers either trust AI-generated information or feel neutral about it, with 59% expressing a neutral stance and 28% saying they actively trust AI. This openness suggests strong potential for wider adoption as AI-powered travel solutions become more accessible and familiar.

Vietnam’s rapid digital transformation and booming tech ecosystem are accelerating the integration of AI into everyday life from work and education to shopping and entertainment. Travel planning is no exception. Among Vietnamese users who already engage with AI, Agoda’s report found that the most common applications include recommending local attractions and activities , suggesting restaurant and dining options, creating personalised travel itineraries (30%), and real-time language translation (30%) – demonstrating a clear appetite for smarter, more personalised travel experiences.

Commenting on the findings, Lam Vu, Country Director Vietnam at Agoda, said:
“It is impressive to see how open Vietnamese travelers are to applying technology to their travel journeys. This strong interest in AI reflects a broader mindset of curiosity, efficiency, and personalization. As a digital travel platform, Agoda continuously invests in innovating our technology to deliver seamless, intuitive experiences – empowering travelers to explore the world in ways that suit their own preferences, pace, and style.”

With over 6 million properties, 130,000 flight routes, and 300,000 activities available in one seamless booking experience, Agoda is well positioned to support Vietnamese travelers as they set out to discover more of the world in 2026 – backed by intelligent technology designed to simplify planning and personalise every journey.

SINGAPORE, March 11, 2026 /PRNewswire/ — The global premium technology brand Dreame Technology today announced it will present multiple 2026 flagship products at IT Show, held March 12–15 at the Suntec Singapore Convention & Exhibition Centre (Dreame Booth: 8103, Level 4). Featured products include the flagship robot vacuum X60 Ultra, wet and dry vacuum H16 Pro Steam, Pocket Uni hair dryer, S1 water purifier, refrigerators, TV, dishwashers and other home appliances. Dreame will also debut globally the Air Station ultra‑slim automatic dust‑collection vacuum, the PT60 portable glass‑top Tasti™ air fryer, and the world‑first roller self‑cleaning FP10 air purifier.

Attendees can experience Dreame’s full product range on‑site and enjoy exclusive show promotions and gifts during the exhibition.

Smart cleaning appliances – choose Dreame Technology

As the top‑selling smart cleaning brand in Southeast Asia, Dreame Technology leverages industry‑leading innovation to continuously introduce new products that meet diverse household needs. During the IT Show, Dreame will showcase multiple models across robot vacuums, wet and dry vacuums, and stick vacuums.

In the robot vacuum category, Dreame is highlighting its 2026 flagship Ultra‑Slim Robot Vacuum X60 Ultra and X60 Master, a one-stop cleaning solution engineered for modern households – especially young families, pet owners, and residents of new BTO flats. Standing just 7.95 cm tall, its ultra‑slim profile reaches dust under low sofas and bed frames, while a specialised dual‑layer climbing system allows it to surmount two‑layer obstacles up to 8.8 cm. Powered by 36,000 Pa of suction, the X60 Ultra delivers class‑leading performance across carpets and hard floors in a single pass.

Built for high‑traffic homes, its enhanced AI obstacle‑avoidance reacts substantially faster, responding to dynamic scenarios ranging from pets darting, elderly family members walking to children running, minimising any potential collisions. An AI‑driven smart LED technology detects mess types and adapts cleaning strategy: sweeping, vacuuming and mopping for dry debris, and automatic side‑brush stop plus immediate mopping for wet spills to prevent liquid spread.

The X60 Ultra combines ultra‑low profile design, exceptional suction, advanced mobility and AI intelligence to meet the demands of busy modern homes.

In addition, Dreame showcased several industry‑leading, ultra‑high‑performance robot vacuums, including the Matrix10 Ultra with an automatic mop‑changing system, and the Aqua10 Pro Track, Aqua10 Ultra Roller, and Aqua10 Roller from its active‑water mopping series.

The vacuum lineup has been further upgraded with innovations, featuring the global debut of the Air Station ultra‑slim automatic dust‑collection vacuum. Dreame’s slimmest stick vacuum with auto-empty, Air Station introduces a new pen-style form that transforms the cleaning experience. Slim, lightweight, and naturally balanced in hand, it moves with you effortlessly around furniture, corners, and tight spaces. Despite its ultra-slim design, it delivers stronger suction, longer runtime, and more efficient filtration than comparable products, keeping cleaning consistently effective and worry-free.

Breaking the mold of bulky vacuums, this sleek, pen-style design fits naturally in your hand for effortless control. Its dual-roller brush supports 360° bidirectional rotation, allowing you to glide forward and backward with total fluidity. Dreame replaces traditional anti-tangle combs with motorized dual blades that shred tangled hair on the roller-keeping the brush clear and eliminating the need for repeated manual removal. It is also compatible with multiple accessories, including the Aquacycle 2.0™ Wet Cleaning Brush, and can perform deep‑cleaning tasks such as mopping.

The all‑in‑one hub charges the vacuum and automatically empties dust for a hands‑free maintenance experience. The sealed, plasma‑treated dust bag eliminates up to 99.99% of bacteria, while integrated storage keeps your space tidy.

Dreame also continues to advance innovation in the wet and dry vacuum category. This showcase featured several floor cleaners, including the H16 Pro Steam, H16 Pro Foamwash, and H15 Pro Heat. As of February 2026, Dreame’s AI DescendReach™ Robotic Arm wet and dry vacuum series, first introduced to solve edge cleaning and water residue challenges, has surpassed one million units shipped globally, becoming one of the most notable industry innovations of the past year.

Dreame delivers technology‑driven quality of life

At the upcoming IT Show show, Dreame will showcase multiple product lines across hair‑care tech, home environment appliances, kitchen appliances and major appliances. The event also featured live styling demos and food tasting stations for attendees to experience products firsthand.

On the personal care front, there are several hair-drying and styling products, including the globally compatible foldable Pocket Uni Hair Dryer and the Aero Straight Air Straightener. Among them, Aero Straight introduces advanced high‑speed airflow technology to dry and straighten hair efficiently without preheating, minimizing reliance on heated plates and reducing heat exposure. It offers three versatile modes – Root (57°C) for gentle scalp‑safe drying and lift, Wet‑to‑Dry for one‑step drying and straightening of damp hair, and Dry Styling for finishing looks such as volume at the roots and C‑curls. Integrated triple hair‑care elements and a safety guardian system protect hair while delivering smooth, sleek results quickly and safely for effortless everyday styling.

Furthermore, Dreame will be unveiling its new range of air purifiers and premiering the FP10 Furcatch Air Purifier series, featuring the world‑first active roller self‑cleaning technology combined with high‑efficiency formaldehyde removal and whole‑home purification. Targeted at pet households, long‑hair users and newly renovated homes, the FP10’s dual‑power active roller and filter rotate to dynamically strip pet hair and particles in a 360° fashion, locking debris into a collection bin with a 99.5% collection efficiency. The unit also employs a zero‑consumable primary filter that requires no regular washing or replacement, eliminating manual hair removal and secondary particle re‑release during cleaning. The FP10 was honored as a CES Innovation Awards® 2026 honoree.

Building on its steam‑oven, dishwasher, induction hob and range‑hood offerings, Dreame this year is launching the global hot selling PT60 Tasti™ Air Fryer in Singapore. The PT60 has become a bestseller in multiple markets, including Europe, and was praised by German authority connect review as “The Most Beautiful Air Fryer Ever Tested.” The Dreame PT60 Tasti™ Air Fryer delivers a 5‑in‑1 cooking experience – Roast, Broil, Air‑Fry, Keep‑Warm and Reheat, combining versatile performance with premium design. It includes a two-Pot setup (2.5L + 4.5L) for both cooking and packing a meal to go. High-borosilicate glass container & stainless steel crisping tray, coating-free and with no odd smells. With 360° panoramic viewing and 3D Circulating Hot Air Technology combined with steam infusion, it has 5 smart functions for truly simple, one-touch cooking.

Additionally, the Z‑fresh Fridge is officially on sale in Singapore, advancing Dreame’s expansion into the major appliances category. The Dreame Z‑Fresh Extreme series refrigerator debuts the world‑first ECO Ultra‑Low‑Oxygen Fresh‑Preservation technology, delivers seamless kitchen integration with FlushFit design, independent dual‑cooling for odor‑free, faster and more uniform preservation, and a FreshFlex multi‑mode zone offering three temperature settings for versatile storage. Combined with its fast‑ice capability, it is a professional solution for modern homes and entertainment.

For more product demonstrations and promotions, visit Dreame’s booth (8103, Level 4) at Suntec from March 12–15th, 12-9pm daily.

About Dreame Technology

Established in 2017, Dreame Technology is an innovative consumer product company that focuses on smart home cleaning appliances with the vision to empower lives through technology. Follow us on Facebook, Instagram, TikTok and Youtube.

For more information, visit https://www.dreame.sg/. 

Expands HoldCo Facility to USD 750 Million and Converts to Sustainability-Linked Structure

SINGAPORE, March 11, 2026 /PRNewswire/ — Princeton Digital Group (PDG), Asia’s leading data center operator, today announced a plan to raise up to USD 5 billion in debt financing this year to fund its contracted capacity across the region.

The planned financing will support the delivery of PDG’s rapidly expanding hyperscale platform across Asia, where the company currently operates across seven markets with a total portfolio exceeding 1.8 GW.

As part of this plan, PDG has successfully closed a USD 350 million debt financing, expanding the USD 400 million HoldCo loan secured in May 2025 and increasing the total facility to USD 750 million. The consolidated USD 750 million HoldCo facility has been converted into a Sustainability-Linked Loan, aligning pricing with defined operational and sustainability performance targets.

The USD 350 million financing was secured from a consortium of global banks, including Barclays, BNP Paribas, Deutsche Bank, HSBC, SMBC, Societe Generale, and Standard Chartered.

The expanded facility will fund capacity currently under development and the continued buildout of new campuses, supporting PDG’s recent hyperscale customer commitments.

Rangu Salgame, Chairman, CEO, and Co-founder of PDG, said: “Our business momentum and delivery excellence continue to strengthen confidence among our capital partners. The expansion of our HoldCo facility reflects continued support for our execution discipline and track record across markets.”

“As we continue to secure large-scale capacity and win new business, we are building our capital structure in step. Converting the facility into a sustainability-linked structure further demonstrates our commitment to embedding sustainability metrics into our capital framework,” Salgame added.

About Princeton Digital Group
Princeton Digital Group (PDG) is a leading developer and operator of data centers. Headquartered in Singapore with presence and operations in Singapore, Japan, India, Indonesia, China, Malaysia and South Korea, its portfolio of data centers powers the expansion of hyperscalers and enterprises in the fastest-growing digital economies across Asia Pacific. For more information, visit www.princetondg.com or follow us on LinkedIn.

KUALA LUMPUR, Malaysia, March 11, 2026 /PRNewswire/ — Global travel service provider Trip.com Malaysia recently contributed to local non-governmental charity organisation Pertubuhan Amal Uncle Kentang Malaysia (PAUKM), supporting the organisation’s flood rescue mission efforts through the donation of a rescue boat.

The boat, equipped with an engine and trailer, expands PAUKM’s fleet and enhances its ability to respond to flood emergencies. Its smaller design allows rescue teams greater flexibility and enables them to navigate narrow flood zones and low-water conditions more effectively, improving overall access to communities and areas that may be otherwise difficult to reach during disasters.

“At Trip.com, we believe that we have a responsibility to help shape a better future for the communities and people we serve. The volunteers and first responders at Pertubuhan Amal Uncle Kentang Malaysia have been an inspiration as they work tirelessly to respond to disasters. We’re honoured to do our part to support such important, life-saving work, to bring aid to those in need,” said Stephane Thong, General Manager of Trip.com Malaysia.

The official boat handover ceremony was officiated by Kuan Chee Heng, the Founder of Pertubuhan Amal Uncle Kentang Malaysia. Several key representatives from local authorities were also in attendance as guests of honour, including from the Subang Jaya City Council (MBSJ), the Puchong Police Station, and the Puchong Fire and Rescue Station.

The initiative reflects Trip.com’s ongoing commitment to being a responsible travel service provider, led by a focus on supporting local communities where it operates. As a global travel platform, Trip.com is dedicated to strengthening community resilience and driving positive meaningful impact.

About Trip.com

Trip.com is an international one-stop travel service provider, available in 24 languages across 39 countries and regions in 35 local currencies. Offering an extensive hotel and flight network of more than 1.5 million hotels and flights from over 640 airlines, along with over 300,000 attraction and tour products, Trip.com covers 3,400 airports in 220 countries and regions. Trip.com’s world-class 24/7 multilingual customer service helps to ‘create the best travel experience’ for its millions of customers worldwide. To book your next trip, visit trip.com.