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DouYu International Holdings Limited (Nasdaq: DOYU) is a preeminent game-centric live streaming platform in China, headquartered in Wuhan. The company is a pioneer in the eSports value chain, offering an immersive and interactive experience through its platform, accessible on both PC and mobile apps. DouYu stands out for its diverse content, primarily focusing on game live streaming, but also covering sports, variety shows, and entertainment.
Founded on January 1, 2014, DouYu has grown to become a key player in the live streaming industry, creating a community where millions of users, both streamers and viewers, can share joy and unique experiences daily. The platform generates revenue through live streaming and advertisements, making it a robust business model for sustainable growth.
Recent developments include the formation of an interim management committee following the arrest of CEO and Chairman Mr. Shaojie Chen. Despite these challenges, DouYu continues to operate normally and remains committed to compliance and strategic growth. The company has a strong focus on high-quality content and technological innovation, ensuring a top-notch user experience.
Financially, DouYu has shown resilience in a tough macroeconomic environment. The company's third-quarter 2023 financial highlights included a net revenue of RMB1.36 billion, with a gross profit of RMB192.4 million and a net income of RMB76.4 million. The fourth quarter of 2023 saw a net loss but demonstrated the company's ability to adapt and optimize costs. In the first quarter of 2024, the company reported a net revenue of RMB1.04 billion, despite a challenging market.
Partnerships play a crucial role in DouYu’s strategy. The renewed strategic cooperation agreement with Tencent is a testament to its robust business alliances. The company also announced a share repurchase program worth up to USD 20 million, reflecting its confidence in long-term growth.
For more information, visit their investor relations website.
DouYu International Holdings (Nasdaq: DOYU) reported its Q2 2024 financial results. Key highlights include:
- Total net revenues decreased 25.9% YoY to RMB1,032.0 million (US$142.0 million)
- Gross profit declined to RMB84.2 million (US$11.6 million)
- Net loss of RMB49.2 million (US$6.8 million)
- Average mobile MAUs decreased to 44.1 million
- Quarterly average paying users dropped to 3.4 million
Despite challenges, DouYu saw growth in innovative business, advertising, and other revenues, which increased 80.7% YoY to RMB242.0 million. The company completed its US$20 million share repurchase program and announced a US$300 million special cash dividend in July 2024.
DouYu International Holdings (Nasdaq: DOYU), a leading game-centric live streaming platform in China, has announced it will release its unaudited financial results for the second quarter 2024 on September 12, 2024, before the U.S. market opens. The company will hold a conference call on the same day at 7:00 a.m. Eastern Time to discuss the financial results. Investors and interested parties can access the call through various international and toll-free numbers. A live and archived webcast of the conference call will be available on DouYu's investor relations website. The earnings release will also be accessible on the company's investor relations website.
LightInTheBox Holding Co., (NYSE: LITB), an apparel e-commerce retailer, has announced the appointment of Mr. Zhi Yan as a director and chairman of the Board, effective August 26, 2024. Mr. Yan replaces Mr. Jian He as chairman, who will remain a director and CEO. Mr. Yan previously served as a director from 2016 to 2023 and brings extensive experience in various industries, including commercial property, finance, and e-commerce.
Mr. Yan is the founder, CEO, and chairman of Zall Smart Commerce Group (HKSE: 2098) and holds leadership positions in other companies. He has a master's degree in business administration and a doctorate in Chinese History. Notably, Mr. Yan's daughter, Dr. Ge Yan, also serves as a Board director at LightInTheBox.
DouYu International Holdings (Nasdaq: DOYU), a leading game-centric live streaming platform in China, has announced that Nasdaq has set September 3, 2024, as the ex-dividend date for its special cash dividend. The dividend, declared on July 3, 2024, amounts to US$9.76 per ordinary share or ADS, net of a US$0.05 handling fee per ADS. This dividend exceeds 25% of the Company's ADS price, mandating a due bill period. Trades entered before September 3, 2024, but settled after the record date of August 21, 2024, will include a due bill entitling buyers to the dividend. Sellers during this period will not receive the dividend. The dividend is payable on August 30, 2024.
DouYu International Holdings (NASDAQ: DOYU), a prominent game-centric live streaming platform in China, announced a special cash dividend of US$9.76 per ordinary share or ADS. Shareholders of record as of August 21, 2024, will receive dividends totaling approximately US$300 million. Payments are scheduled for around August 30, 2024. The decision comes from DouYu's board of directors, highlighting their commitment to returning value to shareholders amidst challenging economic conditions.
DouYu International Holdings (Nasdaq: DOYU), a leading game-centric live streaming platform in China, reported its unaudited financial results for the first quarter ended March 31, 2024. Total net revenues decreased by 29.9% year-over-year to RMB1,039.7 million (US$144.0 million). Gross profit was RMB109.0 million (US$15.1 million), down from RMB176.5 million in the same period of 2023. The company recorded a net loss of RMB88.0 million (US$12.2 million), compared to net income of RMB14.5 million in the first quarter of 2023.
Key metrics showed declines, with average mobile MAUs dropping to 45.3 million from 50.2 million, and quarterly average paying users decreasing to 3.4 million from 4.5 million. Despite the challenges, advertising and other revenues increased by 109.3% to RMB238.8 million (US$33.1 million), contributing 23.0% of total revenue, up from 7.7% in the same period last year.
Additionally, DouYu renewed its strategic cooperation agreement with Tencent for another three years. The company’s cash and equivalents stood at RMB6,762.2 million (US$936.6 million) as of March 31, 2024.
DouYu International Holdings (Nasdaq: DOYU), a leading game-centric live streaming platform in China, will release its unaudited financial results for Q1 2024 on June 5, 2024, before the U.S. market opens.
The company will host a conference call at 7:00 a.m. Eastern Time (7:00 p.m. Beijing Time) to discuss these results. The earnings release and a live webcast of the call will be available on the company's investor relations website.
Listeners can access the call through various international toll-free numbers provided in the announcement. A replay of the call will be accessible until June 12, 2024.
DouYu International Holdings , a leading game-centric live streaming platform in China, filed its Form 20-F annual report for the fiscal year ended December 31, 2023. The report contains audited financial statements and can be accessed on DouYu's investor relations website and the SEC's website. Shareholders and ADS holders can request hard copies for free.
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