Financial Data and Key Metrics Changes - For the full year 2022, the company achieved a gross margin of 13.9% and narrowed its adjusted net loss to RMB7.6 million [19] - In Q4 2022, total net revenues decreased by 27.8% year-over-year to RMB1.68 billion, with live streaming revenues at RMB1.6 billion, down 27.7% from RMB2.21 billion in Q4 2021 [20] - The adjusted net loss for Q4 2022 was RMB4.3 million, a significant improvement from RMB150.7 million in the same period of 2021 [25] Business Line Data and Key Metrics Changes - The average mobile MAUs for Q4 2022 were 57.4 million, showing a slight sequential increase but an 8-point decline year-over-year [9] - The total number of paying users in Q4 was 5.6 million, with a quarterly average ARPU of RMB293, down 4% from RMB305 in the same period last year [14][20] - The company organized over 90 eSports tournaments in Q4, enhancing user engagement through interactive features and community activities [11] Market Data and Key Metrics Changes - Advertising and other revenues in Q4 2022 were RMB84.3 million, down from RMB118.5 million in Q4 2021, primarily due to soft demand for brand advertising [20] - The company reported a decrease in bandwidth costs by 17.6% to RMB138.4 million, attributed to reduced peak bandwidth usage [22] Company Strategy and Development Direction - The company is shifting its user growth strategy from increasing scale to improving quality, focusing on enhancing user engagement and retention [8][30] - The strategic focus includes optimizing marketing strategies and strengthening partnerships with game developers to enhance user interaction [8][30] - The company plans to explore new growth avenues and commercialization channels while maintaining a long-term focus on sustainable development [18][33] Management Comments on Operating Environment and Future Outlook - Management acknowledged the complex macro environment in 2022 but emphasized the importance of operational adaptation and innovation for long-term growth [6] - The company expects short-term impacts on revenue due to its focus on improving user quality and willingness to pay, which is anticipated to enhance long-term profitability [33][41] - Management highlighted the transition from gaming live streaming to a broader gaming content market, indicating evolving user needs as both an opportunity and a challenge [39] Other Important Information - As of December 31, 2022, the company had cash and cash equivalents totaling RMB6.81 billion, an increase from RMB6.64 billion in the previous year [26] - The company has adopted a selective copyright procurement strategy, increasing investments in co-copyrighted tournaments as prices return to reasonable levels [47] Q&A Session Summary Question: Strategy for 2023 and impact on operating efficiency - Management reiterated its commitment to a long-term growth strategy focused on a vibrant game-centric content ecosystem, emphasizing operational adjustments and revenue structure optimization [29][30] Question: Performance of new games and user growth - Management noted that new games are expected to enhance user engagement and growth, with a focus on high-quality content and interactive features [36] Question: Industry trends and user scale - Management discussed the transition in the industry from live streaming to gaming content, emphasizing the need to adapt products and operations to acquire new users [39][40] Question: Content procurement and cash flow update - Management confirmed plans to improve ROI on game content through selective procurement and innovative operations, while also reporting an increase in overall cash balance [47][50] Question: Trends in paying users - Management indicated a focus on maintaining core paying users and enhancing their willingness to pay, while exploring new non-virtual gifting business models [52][54]

Financial Data and Key Metrics Changes - Total net revenues in Q3 2022 decreased by 23.4% year-over-year to RMB1.8 billion, with live streaming revenues at RMB1.71 billion, down 22.9% from RMB2.21 billion in the same period of 2021 [21][22] - Adjusted net profit reached RMB25.7 million, compared to an adjusted net loss of RMB72.7 million in Q3 2021, marking the second consecutive quarter of profitability on an adjusted basis [27][26] - Quarterly ARPU increased by 3.9% to RMB319 from RMB307 in the same period last year [21][22] Business Line Data and Key Metrics Changes - The number of paying users in Q3 2022 was 5.6 million, reflecting a decline due to the cancellation of low ROI promotional activities for new users [14][45] - Membership services were upgraded, leading to improved renewal rates and increased user engagement [15][49] Market Data and Key Metrics Changes - MAUs numbered 57.1 million, a decline of 7.7% year-over-year but a 2.5% increase quarter-over-quarter, indicating stabilization after the impact of selective copyright procurement strategy [6][7] - Advertising and other revenues decreased to RMB93.3 million from RMB137.5 million in the same period of 2021, primarily due to soft demand for brand advertising [22] Company Strategy and Development Direction - The company is focused on building a game-centric comprehensive content system, refining operations, and innovating services while maintaining a healthy gaming ecosystem [30][33] - Future plans include exploring new business models, improving revenue quality, and enhancing operational efficiency through cost controls [33][47] Management Comments on Operating Environment and Future Outlook - Management acknowledged the challenges posed by a changing economic environment and emphasized the importance of operational stability and financial prudence [30][31] - The company aims to continue investing in self-produced content and deepen collaborations with game developers to enhance user engagement and attract new users [18][34] Other Important Information - The company has implemented a selective copyright procurement strategy to avoid overpriced content, which has positively impacted gross margins [24][55] - The introduction of game-specific membership services is expected to enhance user engagement and create new monetization opportunities [16][52] Q&A Session Summary Question: Current strategic focus and business plan for next year - Management highlighted the development of a game-centric content system and the importance of sustainable operating strategies to ensure stability [30][31] Question: Drivers for mobile MAU trends - Management noted that the decline in MAUs was influenced by the selective copyright procurement strategy, but recent investments in self-produced content have stabilized traffic [33][34] Question: Insights on content and operations progress - Management emphasized the importance of high-quality content and operational refinement to attract and retain users [37][38] Question: Trends in paying user count - Management explained the decline in paying users was due to the cancellation of low ROI promotional activities, focusing instead on maintaining core paying users [45][46] Question: Progress on platform-wide and game-specific membership services - Management discussed the positive impact of membership services on user engagement and revenue, with plans to further customize offerings [48][49] Question: Drivers behind gross margin changes - Management attributed the increase in gross margin to improved revenue quality and cost management strategies [53][54]

DouYu International Holdings Limited (NASDAQ:DOYU) Q2 2022 Earnings Conference Call August 15, 2022 7:00 AM ET Company Participants Lingling Kong - Investor Relations Director Shaojie Chen - Chairman and Chief Executive Officer Mingming Su - Chief Strategy Officer Hao Cao - Vice President, Finance Conference Call Participants Lei Zhang - Bank of America Alex Poon - Morgan Stanley Thomas Chong - Jefferies Yiwen Zhang - China Renaissance Brian Gong - Citigroup Operator Good morning and good evening, ladies an ...

DouYu International Holdings Limited (NASDAQ:DOYU) Q1 2022 Earnings Conference Call May 18, 2022 7:00 AM ET Company Participants Lingling Kong - Investor Relations Shaojie Chen - Chairman & Chief Executive Officer Hao Cao - Vice President of Finance Mingming Su - Chief Strategy Officer Conference Call Participants Lei Zhang - Bank of America Merrill Lynch Thomas Chong - Jefferies Yiwen Zhang - China Renaissance Alex Poon - Morgan Stanley Ritchie Sun - HSBC Operator Good morning and good evening, ladies and ...

DouYu International Holdings Limited (NASDAQ:DOYU) Q4 2021 Earnings Conference Call March 16, 2022 7:00 AM ET Company Participants Lingling Kong - Investor Relations Shaojie Chen - Chairman & Chief Executive Officer Hao Cao - Vice President of Finance Mingming Su - Chief Strategy Officer Conference Call Participants Lei Zhang - Bank of America Securities Yiwen Zhang - China Renaissance Thomas Chong - Jefferies Alex Poon - Morgan Stanley Ritchie Sun - HSBC Operator Good morning and good evening, ladies and g ...

DouYu International Holdings Limited (NASDAQ:DOYU) Q3 2021 Earnings Conference Call November 16, 2021 6:00 AM ET Company Participants Shaojie Chen - CEO Mingming Su - CSO Hao Cao - Vice President of Finance Lingling Kong - Investor Relations Conference Call Participants Lei Zhang - Bank of America Thomas Chong - Jefferies Lee Wen Zhang - China Renaissance Tim Chen - JP Morgan Alex Poon - Morgan Stanley Ritchie Sutton - HSBC Operator Good morning and good evening, ladies and gentlemen. Thank you and welcome ...

DouYu International Holdings Limited (NASDAQ:DOYU) Q2 2021 Earnings Conference Call August 16, 2021 7:00 AM ET Company Participants Shaojie Chen – Chairman and CEO Mingming Su – Chief Strategy Officer Hao Cao – Company Participant Mao Mao – Company Participant Conference Call Participants Lei Zhang – Bank of America Merrill Lynch Lee Wen Zhang – China Renaissance Alex Poon – Morgan Stanley Daniel Chen – JP Morgan Thomas Chong – Jefferies Ritchie Sutton – HSBC Unidentified Analyst – Analyst Operator Good mor ...

DouYu International Holdings Limited (NASDAQ:DOYU) Q1 2021 Earnings Conference Call May 18, 2021 8:00 AM ET Company Participants Mao Mao - Vice President of Capital Markets Shaojie Chen - Chairman & Chief Executive Officer Mingming Su - Chief Strategy Officer Hao Cao - Vice President, Finance Conference Call Participants Daniel Chen - JPMorgan Lei Zhang - Bank of America Feiya Zhao - Haitong International Operator Good morning, and good evening, ladies and gentlemen. Thank you, and welcome to DouYu Internat ...