DouYu(US:DOYU) Prnewswireยท2025-11-20 09:00Core Insights - DouYu International Holdings Limited reported its unaudited financial results for Q3 2025, highlighting a strategic refinement in response to market dynamics and user demand, focusing on value chain integration and operational optimization [2][4]. Financial Highlights - Total net revenues for Q3 2025 were RMB 899.1 million (US$ 126.3 million), a decrease from RMB 1,063.1 million in Q3 2024 [4][17]. - Livestreaming revenues fell by 30.6% to RMB 522.1 million (US$ 73.3 million) due to a decline in both the number of paying users and average revenue per paying user [5][17]. - Innovative business revenues increased by 21.2% to RMB 377.0 million (US$ 53.0 million), attributed to growth in the voice-based social networking service [6][17]. - Gross profit rose by 90.9% to RMB 116.1 million (US$ 16.3 million), with a gross margin of 12.9%, up from 5.7% in the same period last year [10][17]. - Net income for Q3 2025 was RMB 11.3 million (US$ 1.6 million), representing a 232.8% year-over-year increase [13][17]. Operational Highlights - Average mobile MAUs decreased by 27.5% year-over-year to 30.5 million, primarily due to content supply adjustments and cost-structure optimization [18]. - The number of quarterly average paying users for livestreaming was 2.7 million, with an ARPPU of RMB 205 [18]. - Revenues from the voice-based social networking business reached RMB 275.9 million, with average MAUs of 368,600 [18]. Cost Management - Cost of revenues decreased by 21.9% to RMB 783.0 million (US$ 110.0 million) [7][17]. - Revenue-sharing fees and content costs fell by 20.7% to RMB 689.8 million (US$ 96.9 million) due to reduced content costs and lower livestreaming revenues [8][17]. - Bandwidth costs decreased by 34.2% to RMB 47.5 million (US$ 6.7 million) [9][17]. Future Outlook - The company aims to continue optimizing resource allocation and enhancing operational efficiency to create long-term value amid challenging market conditions [2][12].