本报记者李豪悦 5月20日，武汉斗鱼网络科技有限公司（以下简称"斗鱼"）发布2025年第一季度财报。一季度，斗鱼总 收入达到9.47亿元，毛利润和毛利率均实现同比增长。与此同时，运营亏损同比收窄84.3%至2610万 元，调整后净亏损同比收窄75.6%至2090万元，业绩向好态势明显。 谈及公司第一季度的正向表现，斗鱼联席CEO任思敏认为，这得益于公司专注于增强收入多元化能力和 提升效率。 "游戏直播用户规模已经趋于饱和，在此基础上，传统游戏直播平台都开始调转船头寻找新的增长曲 线。斗鱼2024年的业务调整非常成功，2025年第一季度对直播这一主要业务的依赖在进一步降低，这些 改变都有利于公司未来在差异化竞争路上实现突围。"一位文娱领域分析师对《证券日报》记者表示。 创新业务稳健发展 创新业务、广告及其他收入的增长，主要得益于斗鱼游戏会员服务和语音社交业务收入增加。 具体来看，斗鱼通过与主流游戏厂商合作，不断更新营销活动玩法，提供斗鱼特色的道具售卖服务，为 核心游戏用户提供了沉浸式的游戏消费体验，提升了用户购买意愿。例如，春节期间，斗鱼开启英雄联 盟蛇年限定福利专场，头部主播下场带货，配套相应的游戏趣味赛事， ...

点击上方【36氪随声听】，一键收听大公司热门新闻。听完音频记得添加进入 【我的小程序】 中哟！ 潮宏基 36氪获悉，潮宏基披露股票交易异动公告称，公司目前正筹划在香港联交所发行H股上市事项，相关细节和方案尚未确定。目 前公司生产经营情况正常，内外部经营环境未发生重大变化。 K-Bank 钟南山预测：目前仍处在爬坡阶段，预计6月底前结束流行，持续6至8周时间。 整理 ｜丁丁炒面 据业内人士透露，韩国互联网银行K-Bank在三次推迟或取消首次公开募股（IPO）计划后，目前正再次寻求上市。去年10月， K-Bank表示，由于投资者需求低迷，将把IPO推迟到今年年初。今年1月，该行决定放弃IPO计划。据消息人士称，K-Bank已向 主要券商发出IPO招股书，预计将在下周选定主承销商。（新浪财经） 钟南山对新冠病毒做出最新判断：可防可控，不必恐慌 5月19日，钟南山在广州接受采访，对新冠病毒流行趋势做出最新判断："这一轮新冠感染整体上可防可控，不必恐慌"。钟南山 提醒，对于部分65岁以上且有基础病的老年人来说，存在一定危险，建议感染者要在48小时内尽快服用特效药，如来瑞特韦、 先诺特韦和民得维等，避免发展成为重症。对这 ...

｜ 2025年5月21日星期三 ｜ NO.1 斗鱼一季度毛利润1.14亿元，实现同比环比双增长 5月20日，斗鱼发布2025年第一季度财报。该季度斗鱼总收入9.47亿元，其中创新业务、广告及其他收 入3.83亿元，同比增长60.2%。一季度毛利润为1.14亿元，同比增长4.1%，环比增长62.6%，运营亏损额 2610万元，同比减少84.3%。公司一季度调整后净亏损2090万元，同比缩窄75.6%。本季度斗鱼平均移 动端MAU（月活跃用户数）为4140万人，平均付费用户×为290万人，ARPPU（每付费用户平均收入） 为216元。 点评：斗鱼2025年第一季度财报表现出一定的结构性修复迹象。尤其是创新业务与广告收入同比增长超 六成，展现出公司在直播主业承压下通过多元化探索获得的营收韧性。在直播行业整体增速放缓的大背 景下，斗鱼正优化成本结构、发力创新业务、提升用户变现能力，以此努力寻找转型突破口。 NO.2 巴黎世家任命新创意总监 5月20日， 全球高端精品巨头开云集团与Balenciaga （巴黎世家）共同宣布，任命Pierpaolo Piccioli为 Balenciaga新任创意总监，自2025年7月1 ...

Financial Performance - Total net revenues for Q1 2025 were RMB947.1 million (US$130.5 million), a decrease of 8.9% from RMB1,039.7 million in Q1 2024[5] - Gross profit increased by 4.1% to RMB113.5 million (US$15.6 million), with a gross margin of 12.0%, up from 10.5% in the same period last year[17] - Loss from operations was reduced by 84.3% to RMB26.1 million (US$3.6 million) compared to RMB166.9 million in Q1 2024[19] - Net loss decreased by 9.5% to RMB79.6 million (US$11.0 million) from RMB88.0 million in the same period last year[20] - Adjusted net loss (non-GAAP) was RMB20.9 million (US$2.9 million), down 75.6% from RMB85.7 million in Q1 2024[20] User Engagement - Average mobile MAUs were 41.4 million, down 8.7% year-over-year, attributed to fewer official tournament broadcasts[15] - Livestreaming revenues decreased by 29.5% to RMB564.5 million (US$77.8 million) due to a decline in paying users and average revenue per paying user[8] Revenue Streams - Revenues from innovative business, advertising, and others increased by 60.2% to RMB382.6 million (US$52.7 million), driven by voice-based social networking and game membership services[9] Cash and Assets - Cash and cash equivalents as of March 31, 2025, were RMB2,308.8 million (US$318.2 million), down from RMB4,467.8 million as of December 31, 2024, primarily due to a US$300 million special cash dividend[22] - As of March 31, 2025, total assets amounted to RMB 3,202,082, a decrease from RMB 5,446,333 as of December 31, 2024[31] - Cash and cash equivalents increased to RMB 1,852,492 as of March 31, 2025, from RMB 1,017,148 as of December 31, 2024[31] Expenses - Research and development expenses decreased by 39.5% to RMB32.7 million (US$4.5 million) from RMB54.2 million in Q1 2024, mainly due to reduced staff-related expenses[18] - Research and development expenses for the three months ended March 31, 2025, were RMB 32,749, down from RMB 54,150 in the same period of 2024[33] Shareholder Equity - The company’s accumulated deficit as of March 31, 2025, was RMB (3,871,429), an increase from RMB (3,791,817) as of December 31, 2024[32] - The total shareholders' equity as of March 31, 2025, was RMB 1,971,651, a significant decrease from RMB 4,210,089 as of December 31, 2024[32]

斗鱼发布2025年第一季度财报。本季度斗鱼总收入9.47亿元，其中创新业务、广告及其他收入3.83亿 元，同比增长60.2%；毛利润为1.14亿元，同比增长4.1%，环比增长62.6%；运营亏损为2610万元，同比 减少84.3%；调整后净亏损为2090万元，同比缩窄75.6%。本季度斗鱼Q1平均移动端MAU为4140万，平 均付费用户为290万，ARPPU为216元。 ...

5月20日，斗鱼发布2025年第一季度财报。本季度斗鱼总收入9.47亿元，其中创新业务、广告及其他收 入3.83亿元，同比增长60.2%；毛利润为1.14亿元，实现双增长，其中同比增长4.1%，环比增长62.6%； 毛利率达到12%，同比增长1.5%，环比增长5.9%；运营亏损为2610万元，同比大幅减少84.3%；调整后 净亏损为2090万元，同比缩窄75.6%。本季度斗鱼Q1平均移动端MAU为4140万，平均付费用户为290 万，ARPPU为216元。新的一年，斗鱼持续推行的战略转型成果初显，业务结构调整继续深化，在新的 市场环境下业绩开始展现向好态势。 斗鱼联席CEO任思敏表示："2025年一季度，我们专注于增强收入多元化能力和提升成本效率。本季度 公司毛利率同比改善、运营亏损同比显著缩窄。通过加大与游戏厂商的商业化合作，优化语音业务的运 营和推广，公司的创新业务持续保持良好的增长势头。同时，我们逐步启动传统业务成本结构的优化进 程，动态调配主播资源，平衡内容供给。在此过程中平台流量和收入规模将会受到内容调整的波动，我 们认为这些措施是提升公司运营效率的必要措施，长期来看有利于公司的健康可持续发展。" ...

Financial Highlights - DouYu reported total net revenues of RMB947.1 million (US$130.5 million) for Q1 2025, a decrease of 8.9% from RMB1,039.7 million in Q1 2024 [5][14] - Livestreaming revenues fell by 29.5% to RMB564.5 million (US$77.8 million) due to a decline in both the number of paying users and average revenue per paying user [6][14] - Innovative business, advertising, and other revenues increased by 60.2% to RMB382.6 million (US$52.7 million), driven by strong performance in voice-based social networking and game membership services [7][14] Operational Highlights - The gross margin improved to 12.0%, up from 10.5% in the same period last year, reflecting cost structure optimization [11][14] - The company reduced its net loss to RMB79.6 million (US$11.0 million), a 9.5% decrease from RMB88.0 million in Q1 2024 [16][14] - Average mobile MAUs were 41.4 million, down 8.7% year-over-year, attributed to fewer official tournament broadcasts [15][14] Cost Management - Cost of revenues decreased by 10.4% to RMB833.5 million (US$114.9 million) [8][14] - Revenue-sharing fees and content costs fell by 11.1% to RMB705.6 million (US$97.2 million), primarily due to reduced content costs [9][14] - Bandwidth costs decreased by 31.6% to RMB56.4 million (US$7.8 million), driven by improved bandwidth allocation [10][14] Strategic Initiatives - The company is focusing on revenue diversification and cost-efficiency initiatives, which have led to improved gross margins and reduced operational losses [3][14] - DouYu is dynamically adjusting streamer resources to align content supply with platform needs, which may cause fluctuations in traffic and revenues [3][14] - Continued execution of strategies aimed at cost reduction and efficiency improvement is expected to enhance financial resilience and support long-term growth [3][14]

金十图示：2025年05月16日（周五）热门中概股行情一览（美股盘中） 149.53亿市值 92.06亿市值 79.59亿市值 107.40 4.07 48.67 +1.64(+1.55%) +0.07(+1.88%) -0.16(-0.33%) 降層降暖 TALHAR 好未来 唯品会 的比较 77.44亿市值 79.33亿市值 63.55亿市值 18.98 15.04 10.49 +1.24(+6.99%) +0.54(+3.72%) +0.34(+3.30%) 金山区 So 名创优品 C ) 奇富科技 63.27亿市值 61.78亿市值 37.20亿市值 20.23 44.03 13.53 -0.55(-2.62%) -0.18(-0.41%) +0.25(+1.88%) 再鼎医药 陆金所控股 asza 汽车之家 zal-ab the may 26.09亿市值 32.74亿市值 30.39亿市值 30.18 25.66 3.01 +1.44(+4.99%) -0.09(-0.35%) +0.09(+3.08%) 雾芯科技 tom 爱奇艺 RELX 21.22亿市值 18.30亿市值 24.31亿市值 1. ...

WUHAN, China, May 14, 2025 /PRNewswire/ -- DouYu International Holdings Limited ("DouYu" or the "Company") (Nasdaq: DOYU), a leading game-centric live streaming platform in China and a pioneer in the eSports value chain, today announced that it plans to release its unaudited financial results for the first quarter 2025 before the U.S. market opens on Tuesday, May 20, 2025.The earnings release will be available on the Company's investor relations website at http://ir.douyu.com/.About DouYu International Hold ...

5月10日，《穿越火线》联合网鱼网咖、斗鱼及线下商业场景打造的年度玩家狂欢节——五嗨节宁波站 落下帷幕。斗鱼CF分区头部主播白鲨AyoM、年鹏Enpi带领冬瓜强、张琪格、轰轰仔等斗鱼跨分区主播 空降活动现场，与水友在CF怀旧服中以赛会友，共忆往昔。 在结束了1个小时的带货直播后，白鲨 AyoM和年鹏 Enpi转场到网鱼网咖，一秒化身网管，兜售网卡套 餐、售卖饮料、寻找 CF怀旧服玩家送福利。值得一提的是，白鲨 AyoM和年鹏 Enpi现场偶遇了15年CF 老玩家，与其一同追忆往昔的卓越战绩，并见证这位老玩家对相恋15年的初恋告白名场面，氛围温馨又 有爱。 豪"地表示："跟白鲨相关的道具，我在斗鱼给大家把价格打下来了！"而粉丝们也是十分给力，幻神-荣 耀世冠白鲨皮肤开售十几秒便被抢光。 头部主播化身"网管"，线下玩家互动唤醒情怀记忆 此外，斗鱼还在当晚推出特别策划——CF五嗨节直购狂欢活动，为粉丝带来限定道具、稀有皮肤及斗 鱼定制周边等超多购物福利，给广大CF玩家献上了一场线上线下联动的狂欢派对。 "3、2、1，上链接！"，此次斗鱼CF五嗨节直购狂欢上架了多款爆款货品，包括CF-SEASON PASS专属 道具 ...