| Basic and diluted net income per share |
27. Basic and diluted net income per share Basic and diluted net income per share for the years ended December 31, 2022, 2023 and 2024 are calculated as follows: | | | | | | | | | For the year ended December 31, | | | 2022 | | 2023 | | 2024 | | | US$ | | US$ | | US$ | | | | | | | | Numerator: | | | | | | | Net income (loss) attributable to common shareholders of JOYY Inc. | | 119,465 | | 347,351 | | (147,624) | Dilutive effect of convertible bonds | | 11,740 | | 8,653 | | — | Numerator for diluted income(loss) per share | | 131,205 | | 356,004 | | (147,624) | | | | | | | | Denominator: | | | | | | | Denominator for basic calculation—weighted average number of Class A and Class B common shares outstanding | | 1,439,390,191 | | 1,308,695,642 | | 1,157,854,559 | Dilutive effect of convertible bonds | | 193,704,343 | | 141,564,583 | | — | Dilutive effect of restricted stock | | 7,524,041 | | 8,025,901 | | — | Dilutive effect of restricted share units | | 4,829,865 | | 4,690,418 | | — | Denominator for diluted calculation | | 1,645,448,440 | | 1,462,976,544 | | 1,157,854,559 | | | | | | | | Basic net income (loss) per Class A and Class B common share | | 0.08 | | 0.27 | | (0.13) | Diluted net income(loss) per Class A and Class B common share | | 0.08 | | 0.24 | | (0.13) | | | | | | | | Basic net income (loss)per ADS* | | 1.66 | | 5.31 | | (2.55) | Diluted net income (loss) per ADS* | | 1.59 | | 4.87 | | (2.55) |
| * | Each ADS represents 20 common shares. |
27. Basic and diluted net income per share (continued) For the years ended December 31, 2022, 2023 and 2024, the following shares outstanding were excluded from the calculation of diluted net income (loss) per share, as their inclusion would have been anti-dilutive for the periods prescribed but which could potentially dilute EPS in the future. | | | | | | | | | For the year ended December 31, | | | 2022 | | 2023 | | 2024 | | | | | | | | Shares issuable upon exercise of share options | | 9,414,400 | | 8,574,220 | | 8,074,500 | Shares issuable upon exercise of restricted share units | | — | | — | | 16,134,095 | Shares issuable upon exercise of restricted share | | — | | — | | 3,250,542 | Shares issuable upon conversion of convertible bonds | | — | | — | | — |
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