JOYY : Presentation – March 2024

Company Presentation

March 2024

NASDAQ: YY

Disclaimer

This presentation has been prepared by JOYY Inc. (the "Company") solely for information purpose. By viewing or accessing the information contained in this material, you hereby acknowledge and agree that no representations, warranties or undertakings, express or implied, are made by the Company or any of its directors, shareholders, employees, agents, affiliates, advisors or representatives as to, and no reliance should be placed upon, the accuracy, fairness, completeness or correctness of the information or opinions presented or contained in this presentation. None of the Company or any of its directors, shareholders, employees, agents, affiliates, advisors or representatives accept any responsibility whatsoever (in negligence or otherwise) for any loss howsoever arising from any information presented or contained in this presentation or otherwise arising in connection with the presentation. The information presented or contained in this presentation is subject to change without notice and its accuracy is not guaranteed.

This presentation does not constitute an offer to sell or issue or an invitation or recommendation to purchase or subscribe for any securities of the Company for sale in the United States or anywhere else. No securities of the Company may be sold in the United States without registration with the United States Securities and Exchange Commission (the "SEC") or an exemption from such registration pursuant to the Securities Act of 1933, as amended (the "Securities Act") and the rules and regulations thereunder. No part of this presentation shall form the basis of or be relied upon in connection with any contract or investment decision in relation to any securities or otherwise. This presentation does not contain all relevant information relating to the Company or its securities, particularly with respect to the risks and special considerations involved with an investment in the securities of the Company. Nothing contained in this presentation shall be relied upon as a promise or representation as to the past or future performance of the Company. Past performance does not guarantee or predict future performance. You acknowledge that any assessment of the Company that may be made by you will be independent of this presentation and that you will be solely responsible for your own assessment of the market and the market position of the Company and that you will conduct your own analysis and be solely responsible for forming your own view of the potential future performance of the business of the Company.

Certain statements in this presentation, and other statements that the Company may make, are forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended. These statements reflect the Company's intent, beliefs or current expectations about the future. These statements can be recognized by the use of words such as "expects," "plans," "will," "estimates," "projects," "intends," "anticipates," "believes," "confident" or words of similar meaning. These forward-looking statements are not guarantees of future performance and are based on a number of assumptions about the Company's operations and other factors, many of which are beyond the Company's control, and accordingly, actual results may differ materially from these forward-looking statements. The Company or any of its affiliates, advisers or representatives has no obligation and does not undertake to revise forward-looking statements to reflect future events or circumstances.

This presentation also contains non-GAAP financial measures, the presentation of which is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with accounting principles generally accepted in the United States of America (U.S. GAAP). In addition, the Company's calculation of these non-GAAP financial measures may be different from the calculation used by other companies, and therefore comparability may be limited. The reconciliation of those measures to the most comparable GAAP measures is contained within this document or available at the Company websitehttps://ir.joyy.com/.

Company Overview

NASDAQ: YY | ir.joyy.com

Singapore

Our Mission

Enrich Lives Through Technology uu

A Global Technology Company and Leader in Social Entertainment

Diverse Product Matrix

Massive User Base

Extensive Localized OperationsLeading Position

Geographic Coverage

Global Team

Notes:

• 1. Refers to the number of global average mobile monthly active users of the social entertainment platforms operated by the Company in 4Q23 from Company filings.

• 2. Data.ai (formerly known as App Annie) report, State of Mobile 2024 published in January 2024.

Our Strategy: Localization Through Globalization

Notes:

1. Percentage of the Company's total livestreaming revenues by region in FY2023. Developed Countries and Regions mainly included Japan, South Korea, the U.K., the U.S. and Australia. Middle East mainly included Saudi Arabia and other countries in the region. SEA, SA and ROW mainly included countries located in Southeast Asia, South Asia, and rest of the world.

Data Snapshot

Group Revenue

Group Non-GAAP Net Profit1

BIGO Non-GAAP Operating Margin1

In USD

In USD

4Q23

Notes:

FY23 $2.27bn	FY23 15.0%
Group Operating Cashflow	Capital Return2	Total Cash Balance3
In USD	In USD	In USD
FY23 $355.4mm

• 1. Non-GAAP net income/margin is a non-GAAP financial measure. For a discussion of the use of non-GAAP financial measures and reconciliation with the GAAP measures, please refer to the section on non-GAAP financial measures in the Company's press release.

• 2. Refers to the aggregated amount of capital utilized on dividends and share buyback by the Company during the period.

• 3. Refers to cash and cash equivalents, restricted cash and cash equivalents, short-term deposits, restricted short-term deposits and short-term investments.

Bigo Live: A Leading Global Social Livestreaming Platform

38.4mm MAU1 in 4Q23

Leading market position

Sustained User Growth1

in mm

40.3

Global social livestreaming platform

Expanding global presence

North America, Europe, Middle East, Asia, Latin America, and beyond

4Q22

1Q23

2Q23

3Q23

A Vibrant Community

4Q23

$

Strong monetization capability

World's #2 Social App by Consumer Spend in 20232

Source: Company filings, Company internal data, Data.ai (App Annie)

• 1. Refers to the number of average mobile monthly active users of Bigo Live as disclosed in the Company's earnings release.

• 2. Data.ai (formerly known as App Annie) report, State of Mobile 2024, published in January 2024.

• 3. Internal data. Calculated as the number of monthly active users aged between 18-35 divided by the number of monthly active users who provided age information as of the end of the quarter.

Bigo Live: Building Global Influence Through Innovative Local Operations

Bigo Live held its annual flagship event, the BIGO Awards Gala in Las Vegas. As a well-established tradition, the Gala has helped a number of exceptional creators enhance their influence and gain exposure on the global stage.

In addition to its ongoing regional campaigns to discover new and talented creators, Bigo Live unveiled a new global creator incentive program, expanding its focus beyond experienced professional streamers and PUGC to prioritize new amateur creators and UGC.

Creating Positive Impacts on Local Communities

Likee: A Global Short Video Platform

39.1mm MAU1 in 4Q23

Dual Monetization Initiatives

Leading market position

A global short video platform

Livestreaming

Advertising

Global presence

Middle East, Europe, SA, SEA, and beyond

$

Monetization ramping up

Saudi Arabia's #3 Social App by ConsumerSpend in 20232

Ad revenue up by 2.5 times First year of profitability3 in FY2023

• 1. Refers to the number of average mobile monthly active users of Likee as disclosed in the Company's earnings release.

• 2. Data.ai (formerly known as App Annie) report, State of Mobile 2024 published in January 2024.

• 3. This is a non-GAAP measure and internal data. Product level profit/cashflow figures are mainly for the convenience of evaluating product performance only.