v3.25.1
Segment Reporting (Details)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
USD ($)
segment
Dec. 31, 2023
USD ($)
segment
Dec. 31, 2022
USD ($)
segment
Segment Reporting      
Number of operating segments | segment 2 2 2
Number of reportable segments | segment 2 2 2
Net revenues      
Total net revenues $ 2,237,788 $ 2,267,870 $ 2,411,516
Cost of revenues (1,431,585) (1,454,842) (1,559,388)
Gross profit 806,203 813,028 852,128
Operating expenses      
Research and development expenses (278,740) (295,503) (261,807)
Sales and marketing expenses (333,334) (369,577) (400,435)
General and administrative expenses (152,517) (122,661) (141,826)
Goodwill impairment (454,935) 0 (14,830)
Total operating expenses (1,219,526) (787,741) (818,898)
Loss on deconsolidation and disposal of subsidiares 1,643 (6,177) 0
Other income 6,055 9,705 17,505
Operating income (loss) (405,625) 28,815 50,735
Interest expense (4,847) (10,420) (12,770)
Interest income and investment income 175,556 185,212 93,148
Foreign currency exchange (gain) losses, net 764 (2,906) 11,666
Gain (Loss) on disposal and deemed disposal of investments   74,851 4,113
(Loss) gain on fair value changes of investment 6,636 12,425 424,304
(Loss) gain on extinguishment of debt and derivative 0 0 63,378
Income (loss) before income tax expenses (227,516) 287,977 634,574
Income tax (expenses) benefits (13,485) (18,856) (34,575)
Income (loss) before share of income (loss) in equity method investments, net of income taxes (241,001) 269,121 599,999
Share of income (loss) in equity method investments, net of income taxes (1,637) 3,297 (498,431)
Net income (loss) (242,638) 272,418 101,568
Share-based compensation 23,200 31,979 44,096
Cost of revenues      
Operating expenses      
Share-based compensation 1,720 3,575 8,185
Research and development expenses      
Operating expenses      
Share-based compensation 12,408 19,415 25,170
Sales and marketing expenses      
Operating expenses      
Share-based compensation 615 797 777
General and administrative expenses      
Operating expenses      
Share-based compensation 8,457 8,192 9,964
Live streaming      
Net revenues      
Total net revenues 1,788,021 1,979,371 2,225,518
Others      
Net revenues      
Total net revenues 449,767 288,499 185,998
Bigo Inc.      
Net revenues      
Total net revenues 1,988,340 1,924,320 1,997,021
Cost of revenues (1,273,805) (1,189,500) (1,249,361)
Gross profit 714,535 734,820 747,660
Operating expenses      
Research and development expenses (172,262) (163,634) (168,148)
Sales and marketing expenses (247,722) (295,395) (311,545)
General and administrative expenses (57,529) (52,906) (60,843)
Goodwill impairment 0   0
Total operating expenses (477,513) (511,935) (540,536)
Loss on deconsolidation and disposal of subsidiares 0 0  
Other income 3,877 7,240 12,944
Operating income (loss) 240,899 230,125 220,068
Interest expense (5,728) (6,761) (4,458)
Interest income and investment income 55,709 43,518 9,592
Foreign currency exchange (gain) losses, net 1,453 (174) 13,120
Gain (Loss) on disposal and deemed disposal of investments   0 0
(Loss) gain on fair value changes of investment (33) (400) 1,979
(Loss) gain on extinguishment of debt and derivative     0
Income (loss) before income tax expenses 292,300 266,308 240,301
Income tax (expenses) benefits (19,571) (17,007) (14,433)
Income (loss) before share of income (loss) in equity method investments, net of income taxes 272,729 249,301 225,868
Share of income (loss) in equity method investments, net of income taxes 0 0 0
Net income (loss) 272,729 249,301 225,868
Bigo Inc. | Cost of revenues      
Operating expenses      
Share-based compensation 716 1,958 3,341
Bigo Inc. | Research and development expenses      
Operating expenses      
Share-based compensation 6,394 8,967 14,012
Bigo Inc. | Sales and marketing expenses      
Operating expenses      
Share-based compensation 170 341 234
Bigo Inc. | General and administrative expenses      
Operating expenses      
Share-based compensation 781 1,829 4,416
Bigo Inc. | Live streaming      
Net revenues      
Total net revenues 1,699,591 1,819,484 1,905,045
Bigo Inc. | Others      
Net revenues      
Total net revenues 288,749 104,836 91,976
All other      
Net revenues      
Total net revenues 251,027 344,889 414,740
Cost of revenues (158,094) (265,662) (310,272)
Gross profit 92,933 79,227 104,468
Operating expenses      
Research and development expenses (107,402) (132,635) (93,659)
Sales and marketing expenses (85,711) (74,260) (88,890)
General and administrative expenses (95,230) (69,930) (80,983)
Goodwill impairment (454,935)   (14,830)
Total operating expenses (743,278) (276,825) (278,362)
Loss on deconsolidation and disposal of subsidiares 1,643 (6,177)  
Other income 2,178 2,465 4,561
Operating income (loss) (646,524) (201,310) (169,333)
Interest expense (3,239) (8,759) (11,922)
Interest income and investment income 123,967 146,794 87,166
Foreign currency exchange (gain) losses, net (689) (2,732) (1,454)
Gain (Loss) on disposal and deemed disposal of investments   74,851 4,113
(Loss) gain on fair value changes of investment 6,669 12,825 422,325
(Loss) gain on extinguishment of debt and derivative     63,378
Income (loss) before income tax expenses (519,816) 21,669 394,273
Income tax (expenses) benefits 6,086 (1,849) (20,142)
Income (loss) before share of income (loss) in equity method investments, net of income taxes (513,730) 19,820 374,131
Share of income (loss) in equity method investments, net of income taxes (1,637) 3,297 (498,431)
Net income (loss) (515,367) 23,117 (124,300)
All other | Cost of revenues      
Operating expenses      
Share-based compensation 1,004 1,617 4,844
All other | Research and development expenses      
Operating expenses      
Share-based compensation 6,014 10,448 11,158
All other | Sales and marketing expenses      
Operating expenses      
Share-based compensation 445 456 543
All other | General and administrative expenses      
Operating expenses      
Share-based compensation 7,676 6,363 5,548
All other | Live streaming      
Net revenues      
Total net revenues 88,430 159,887 320,473
All other | Others      
Net revenues      
Total net revenues 162,597 185,002 94,267
Elimination      
Net revenues      
Total net revenues (1,579) (1,339) (245)
Cost of revenues 314 320 245
Gross profit (1,265) (1,019) 0
Operating expenses      
Research and development expenses 924 766 0
Sales and marketing expenses 99 78 0
General and administrative expenses 242 175 0
Goodwill impairment 0   0
Total operating expenses 1,265 1,019 0
Loss on deconsolidation and disposal of subsidiares 0 0  
Other income 0 0 0
Operating income (loss) 0 0 0
Interest expense 4,120 5,100 3,610
Interest income and investment income (4,120) (5,100) (3,610)
Foreign currency exchange (gain) losses, net 0 0 0
Gain (Loss) on disposal and deemed disposal of investments   0 0
(Loss) gain on fair value changes of investment 0 0 0
(Loss) gain on extinguishment of debt and derivative     0
Income (loss) before income tax expenses 0 0 0
Income tax (expenses) benefits 0 0 0
Income (loss) before share of income (loss) in equity method investments, net of income taxes 0 0 0
Share of income (loss) in equity method investments, net of income taxes 0 0 0
Net income (loss) 0 0 0
Elimination | Live streaming      
Net revenues      
Total net revenues 0 0 0
Elimination | Others      
Net revenues      
Total net revenues $ (1,579) $ (1,339) $ (245)