WUHAN, China, Sept. 12, 2024 /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 its unaudited financial results for the second quarter ended June 30, 2024.Second Quarter 2024 Financial and Operational HighlightsTotal net revenues in the second quarter of 2024 were RMB1,032.0 million (US$142.0 million), compared with RMB1,392.2 million in the same peri ...

WUHAN, China, Sept. 5, 2024 /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 second quarter 2024 before the U.S. market opens on Thursday, September 12, 2024. The earnings release will be available on the Company's investor relations website at http://ir.douyu.com/.DouYu's management w ...

WUHAN, China, July 12, 2024 /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 Nasdaq has set September 3, 2024 as the ex-dividend date for the special cash dividend that was announced on July 3, 2024. As the special cash dividend of US$9.76 per ordinary share, or US$9.76 per American Depositary Share ("ADS"), net of a handling fee of US$0.05 per ...

Edwin Tan /E+ via Getty Images Elevator Pitch DouYu International Holdings Limited (NASDAQ:DOYU) is assigned a Hold investment rating. I previously reviewed DOYU's financial results for the fourth quarter of the prior year and identified potential re-rating catalysts for the stock in my April 1, 2024 write-up. This article analyzes DOYU's top line outlook, profitability prospects, and expected capital return. I expect DouYu's top line performance to improve, but there is uncertainty about DOYU's bottom ...

DouYu International Holdings Limited (NASDAQ:DOYU) Q1 2024 Earnings Call Transcript June 5, 2024 7:00 AM ET Company Participants Lingling Kong - IR Director Hao Cao - Vice President of Finance Conference Call Participants Lei Zhang - Bank of America Merrill Lynch Thomas Chong - Jefferies Ritchie Sun - HSBC Raphael Chen - BOCI Research Operator Ladies and gentlemen, good morning, and good evening. Thank you, and welcome to DouYu International Holdings Limited's First Quarter 2024 Earnings Conference Call. At ...

Financial Performance - Total net revenues for Q1 2024 were RMB1,039.7 million (US$144.0 million), a decrease of 29.9% from RMB1,483.1 million in Q1 2023[2]. - Gross profit in Q1 2024 was RMB109.0 million (US$15.1 million), down from RMB176.5 million in Q1 2023, resulting in a gross margin of 10.5% compared to 11.9%[7]. - Net loss for Q1 2024 was RMB88.0 million (US$12.2 million), compared to a net income of RMB14.5 million in Q1 2023[9]. - Total net revenues for the three months ended March 31, 2024, were RMB 1,295,962, a decrease from RMB 1,483,060 in the same period last year, representing a decline of approximately 12.6%[32]. - Gross profit for the same period was RMB 126,250, down from RMB 176,466 year-over-year, indicating a decrease of about 28.5%[32]. - The company reported a net loss of RMB 87,953 for the three months ended March 31, 2024, compared to a net income of RMB 14,517 in the prior year, reflecting a significant shift in performance[32]. - The adjusted operating loss for the three months ended March 31, 2024, was RMB (166,939) million, compared to RMB (86,401) million for the same period in 2023, indicating a significant increase in losses[34]. - The net income (loss) for the three months ended March 31, 2024, was RMB (87,953) million, reflecting ongoing challenges in the market[34]. User Metrics - Average mobile MAUs in Q1 2024 were 45.3 million, down from 50.2 million in Q1 2023[2]. - The number of quarterly average paying users in Q1 2024 was 3.4 million, a decrease from 4.5 million in Q1 2023[2]. Revenue Sources - Revenue from advertising and other sources increased by 109.3% to RMB238.8 million (US$33.1 million), contributing 23.0% of total revenue, up from 7.7% in Q1 2023[5]. - Livestreaming revenues decreased by 41.5% to RMB800.9 million (US$110.9 million) due to soft macroeconomic conditions and planned reductions in revenue-generating promotions[5]. Expenses - Research and development expenses decreased by 25.0% to RMB54.2 million (US$7.5 million) in Q1 2024[8]. - Operating expenses totaled RMB 275,945 for the latest quarter, an increase from RMB 203,744 in the same quarter last year, marking an increase of approximately 35.4%[32]. - Research and development expenses were RMB 54,150 for the three months ended March 31, 2024, down from RMB 72,311 in the same period last year, a decrease of about 25.1%[32]. Financial Position - As of March 31, 2024, the company had cash and cash equivalents totaling RMB6,762.2 million (US$936.6 million), a slight decrease from RMB6,855.5 million as of December 31, 2023[10]. - The company had total assets of RMB 8,140,650 as of March 31, 2024, compared to RMB 8,072,103 as of December 31, 2023, showing a slight increase of approximately 0.8%[30]. - Total current liabilities increased to RMB 1,376,069 as of March 31, 2024, from RMB 1,382,770 at the end of the previous quarter, indicating a decrease of about 0.2%[30]. - The company’s accumulated deficit increased to RMB (3,572,960) as of March 31, 2024, from RMB (3,485,007) at the end of the previous quarter, indicating a growing financial challenge[30]. - Cash and cash equivalents stood at RMB 4,440,131 as of December 31, 2023, with short-term bank deposits of RMB 1,716,540, reflecting a strong liquidity position[28]. Shareholder Information - The weighted average number of ordinary shares used in calculating net income (loss) per ordinary share was 31,807,180 for the three months ended March 31, 2024[32]. - The basic adjusted net income (loss) per ordinary share for the three months ended March 31, 2024, was RMB (2.69), compared to RMB (0.80) for the same period in 2023[34]. - The weighted average number of ordinary shares used in calculating adjusted net income (loss) per ordinary share for the three months ended March 31, 2024, was 31,807,180[34]. Impairment and Losses - The company reported an impairment of goodwill and intangible assets of RMB 34,035 million for the three months ended December 31, 2023[34]. - The share of loss in equity method investments for the three months ended March 31, 2024, was RMB 1,310 million, compared to RMB 3,236 million for the same period in 2023[34]. - The company experienced impairment losses of investments totaling RMB 21,844 million for the three months ended December 31, 2023[34]. - The adjusted net income (loss) attributable to DouYu for the three months ended March 31, 2024, was RMB (85,692) million, a decline from RMB (5,036) million in the same period last year[34].

WUHAN, China, June 5, 2024 /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 its unaudited financial results for the first quarter ended March 31, 2024.First Quarter 2024 Financial and Operational HighlightsTotal net revenues in the first quarter of 2024 were RMB1,039.7million (US$144.0 million), compared with RMB1,483.1 million in the same period of ...

WUHAN, China, May 29, 2024 /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 2024 before the U.S. market opens on Wednesday, June 5, 2024. The earnings release will be available on the Company's investor relations website at http://ir.douyu.com/.DouYu's management will hol ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of April 2024 Commission file number: 001-38967 DouYu International Holdings Limited (Exact Name of Registrant as Specified in Its Charter) 20/F, Building A, New Development International Center, No. 473 Guanshan Avenue, Hongshan District, Wuhan, Hubei Province The People's Republic of China (Address of Principal Exec ...

WUHAN, China, April 29, 2024 /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 has filed its annual report containing its audited consolidated financial statements for the fiscal year ended December 31, 2023 on Form 20-F with the Securities and Exchange Commission (the "SEC") on April 29, 2024 Eastern Time. The annual report can be accessed o ...