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DouYu(DOYU) - 2023 Q4 - Annual Report
2024-04-29 11:17
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 ...
DouYu International Holdings Limited Filed Its Annual Report on Form 20-F
Prnewswire· 2024-04-29 11:00
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 ...
DouYu(DOYU) - 2023 Q4 - Annual Report
2024-04-29 10:03
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023. OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITI ...
盈利能力改善,竞争压力仍存
浦银国际证券· 2024-04-02 16:00
Investment Rating - The report maintains a "Hold" rating for Douyu (DOYU.US) with a target price adjusted to $6.3 [2][5][12]. Core Insights - Douyu's live streaming revenue is expected to continue declining in 2024 due to the current regulatory environment and industry competition, with a projected decrease of 21% in live streaming revenue and a 10% decline in total revenue [2][3]. - The company's Q4 2023 revenue was RMB 1.3 billion, a year-on-year decrease of 23%, with live streaming revenue at RMB 1.02 billion, down 36% [2][3]. - Douyu's advertising and other revenues increased by 226% year-on-year to RMB 280 million, driven by innovative services such as game membership [2][3]. Financial Summary - For FY23, Douyu reported an adjusted net profit of RMB 150 million, with an adjusted net profit margin of 2.8% [2][3]. - The company experienced a decline in mobile MAU by 9.9% to 51.7 million and a 34% drop in quarterly paying users to 3.7 million [2][3]. - The gross margin decreased by 1.4 percentage points to 9.7% [2][3]. Share Buyback and Cash Position - Douyu announced a $20 million share buyback plan, which is modest compared to its cash reserves of approximately $960 million [2][3]. - The company executed a 10-for-1 share consolidation, which may help in cash value release in the future [2][3].
DouYu(DOYU) - 2023 Q4 - Earnings Call Transcript
2024-03-26 20:29
DouYu International Holdings Limited (NASDAQ:DOYU) Q4 2023 Earnings Conference Call March 26, 2024 7:00 AM ET Company Participants Lingling Kong - IR Director Hao Cao - Vice President of Finance Conference Call Participants Brian Gong - Citigroup Lei Zhang - Bank of America Merrill Lynch Raphael Chen - BOCI Research Derek Tse - Morgan Stanley Thomas Chong - Jefferies Operator Good morning, and good evening, ladies and gentlemen. Thank you, and welcome to DouYu International Holdings Limited's Fourth Quarter ...
What's in Store for DouYu International (DOYU) in Q4 Earnings?
Zacks Investment Research· 2024-03-22 15:26
DouYu International Holdings Limited (DOYU) is scheduled to report fourth-quarter 2023 results on Mar 26, before the opening bell. In the last reported quarter, earnings and revenues topped the Zacks Consensus Estimate by 200% and 4.2%, respectively. Earnings skyrocketed 200% year over year, but revenues fell 23.8% from the prior-year quarter’s figure.The Zacks Consensus Estimate for fourth-quarter 2023 earnings per share is pegged at a loss of 2 cents against break-even earnings reported in the prior year ...
DouYu International Holdings Limited Announces Plan to Implement ADS Ratio Change
Prnewswire· 2024-03-15 08:00
WUHAN, China, March 15, 2024 /PRNewswire/ -- DouYu International Holdings Limited ("DouYu" or the "Company") (Nasdaq: DOYU) today announced it plans to change the ratio of its American depositary shares (the "ADSs") to ordinary shares of the Company with a par value of US$0.0001 per ordinary share (each, an "Ordinary Share," and collectively, the "Ordinary Shares") from ten (10) ADSs representing one (1) Ordinary Share to one (1) ADS representing one (1) Ordinary Share (such change, the "ADS Ratio Change"). ...
DouYu International Holdings Limited to Report Fourth Quarter and Full Year 2023 Financial Results on March 26, 2024
Prnewswire· 2024-03-12 08:00
WUHAN, China, March 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 it plans to release its unaudited financial results for the fourth quarter and full year of 2023 before the U.S. market opens on Tuesday, March 26, 2024. The earnings release will be available on the Company's investor relations website at http://ir.douyu.com/.DouYu's ...
DouYu International Holdings Limited Announces Share Repurchase Program
Prnewswire· 2023-12-28 11:30
WUHAN, China, Dec. 28, 2023 /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 its board of directors and management have authorized a share repurchase program under which the Company may repurchase up to US$20 million of its ordinary shares in the form of American depositary shares during a period of up to twelve months commencing on January 1, ...
DouYu(DOYU) - 2023 Q3 - Earnings Call Transcript
2023-12-07 23:44
DouYu International Holdings Limited (NASDAQ:DOYU) Q3 2023 Earnings Conference Call December 7, 2023 7:00 AM ET Corporate Participants Lingling Kong - IR Director Hao Cao - Vice President of Finance Conference Call Participants Thomas Chong - Jefferies Derick Pei - Morgan Stanley Katrina Chiu - Citi Lei Zhang - Bank of America Raphael Chen - BOCI Research Operator Good morning and good evening, ladies and gentlemen. Thank you and welcome to DouYu International Holdings Limited Third Quarter 2023 Earnings Co ...