DouYu International Holdings Limited Reports Second Quarter 2024 Unaudited Financial Results
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) ha riportato i suoi risultati finanziari del secondo trimestre 2024. I punti salienti includono:
- I ricavi netti totali sono diminuiti del 25,9% rispetto all'anno precedente, raggiungendo RMB1.032,0 milioni (US$142,0 milioni)
- Il profitto lordo è sceso a RMB84,2 milioni (US$11,6 milioni)
- La perdita netta è stata di RMB49,2 milioni (US$6,8 milioni)
- Gli utenti attivi mensili medi su mobile sono diminuiti a 44,1 milioni
- Il numero medio di utenti paganti trimestrali è sceso a 3,4 milioni
Nonostante le difficoltà, DouYu ha registrato una crescita nel business innovativo, nella pubblicità e in altri ricavi, che sono aumentati dell'80,7% rispetto all'anno precedente, toccando RMB242,0 milioni. L'azienda ha completato il suo programma di riacquisto di azioni da 20 milioni di dollari e ha annunciato un dividendo speciale in contante di 300 milioni di dollari a luglio 2024.
DouYu International Holdings (Nasdaq: DOYU) reportó sus resultados financieros del segundo trimestre de 2024. Los aspectos destacados incluyen:
- Los ingresos netos totales disminuyeron un 25,9% interanual a RMB1.032,0 millones (US$142,0 millones)
- El beneficio bruto cayó a RMB84,2 millones (US$11,6 millones)
- Pérdida neta de RMB49,2 millones (US$6,8 millones)
- Los usuarios activos mensuales promedio en dispositivos móviles disminuyeron a 44,1 millones
- El promedio de usuarios que pagan trimestralmente cayó a 3,4 millones
A pesar de los desafíos, DouYu vio un crecimiento en su negocio innovador, publicidad y otros ingresos, que aumentaron un 80,7% interanual a RMB242,0 millones. La compañía completó su programa de recompra de acciones de 20 millones de dólares y anunció un dividendo en efectivo especial de 300 millones de dólares en julio de 2024.
DouYu International Holdings (Nasdaq: DOYU)는 2024년 2분기 재무 결과를 발표했습니다. 주요 내용은 다음과 같습니다:
- 총 순수익이 전년 대비 25.9% 감소하여 RMB1,032.0 백만 (미화 1억 4,200만 달러)
- 총 매출총이익이 RMB84.2 백만 (미화 1,160만 달러)으로 감소했습니다.
- 순손실이 RMB49.2 백만 (미화 680만 달러)입니다.
- 평균 모바일 MAU가 4,410만으로 감소했습니다.
- 분기 평균 유료 사용자 수가 340만으로 떨어졌습니다.
어려움에도 불구하고 DouYu는 혁신적인 비즈니스, 광고 및 기타 수익에서 80.7%의 성장률을 기록하였으며, 이로 인해 RMB242.0 백만의 수익을 창출했습니다. 회사는 2천만 달러 규모의 주식 매입 프로그램을 완료하였으며, 2024년 7월에 3억 달러 상당의 특별 현금 배당금을 발표했습니다.
DouYu International Holdings (Nasdaq: DOYU) a publié ses résultats financiers du deuxième trimestre 2024. Les points clés incluent :
- Les revenus nets totaux ont diminué de 25,9 % par rapport à l'année précédente, atteignant RMB1.032,0 millions (142,0 millions de dollars US)
- Le bénéfice brut a chuté à RMB84,2 millions (11,6 millions de dollars US)
- Perte nette de RMB49,2 millions (6,8 millions de dollars US)
- Le nombre moyen d'utilisateurs actifs mensuels sur mobile a diminué à 44,1 millions
- Le nombre moyen d'utilisateurs payants par trimestre est tombé à 3,4 millions
Malgré les défis, DouYu a enregistré une croissance dans ses activités innovantes, la publicité et autres revenus, qui ont augmenté de 80,7 % par rapport à l'année précédente pour atteindre RMB242,0 millions. La société a terminé son programme de rachat d'actions de 20 millions de dollars et a annoncé un dividende spécial en espèces de 300 millions de dollars en juillet 2024.
DouYu International Holdings (Nasdaq: DOYU) hat seine finanziellen Ergebnisse für das zweite Quartal 2024 veröffentlicht. Zu den wichtigsten Punkten gehören:
- Die gesamten Nettoumsätze sind im Jahresvergleich um 25,9 % auf RMB1.032,0 Millionen (US$142,0 Millionen) gesunken
- Der Bruttogewinn fiel auf RMB84,2 Millionen (US$11,6 Millionen)
- Nettoverlust von RMB49,2 Millionen (US$6,8 Millionen)
- Die durchschnittlichen mobilen MAUs gingen auf 44,1 Millionen zurück
- Die durchschnittlichen zahlenden Nutzer pro Quartal sanken auf 3,4 Millionen
Trotz der Herausforderungen verzeichnete DouYu ein Wachstum im innovativen Geschäft, in der Werbung und in anderen Einnahmen, die im Jahresvergleich um 80,7 % auf RMB242,0 Millionen anstiegen. Das Unternehmen schloss sein Programm zum Aktienrückkauf über 20 Millionen US-Dollar ab und kündigte im Juli 2024 eine Sonderbardividende von 300 Millionen US-Dollar an.
- Innovative business, advertising, and other revenues increased 80.7% YoY to RMB242.0 million
- Completed US$20 million share repurchase program
- Announced US$300 million special cash dividend
- Reduced sales and marketing expenses by 11.5% YoY
- Decreased research and development expenses by 29.4% YoY
- Total net revenues decreased 25.9% YoY to RMB1,032.0 million
- Net loss of RMB49.2 million compared to net income of RMB6.8 million in Q2 2023
- Gross profit declined to RMB84.2 million from RMB188.9 million in Q2 2023
- Average mobile MAUs decreased to 44.1 million from 50.3 million in Q2 2023
- Quarterly average paying users dropped to 3.4 million from 4.0 million in Q2 2023
- Livestreaming revenues decreased by 37.2% YoY
Insights
DouYu's Q2 2024 results show significant challenges. Total net revenues decreased by
The bright spot is the
While DouYu's diversification efforts are promising, the overall financial picture suggests significant headwinds. Investors should closely monitor the company's ability to grow its innovative business segment and stabilize its core livestreaming revenues in the coming quarters.
DouYu's Q2 results reflect broader challenges in China's livestreaming industry. The decline in average mobile MAUs to 44.1 million from 50.3 million year-over-year, coupled with a drop in quarterly average paying users, signals a shrinking user base. This trend aligns with increased competition and market saturation in the gaming livestream sector.
The company's pivot towards diversification, particularly in voice-based social networking, shows promise. However, the significant revenue mix shift - with innovative business now accounting for
DouYu's strategy to focus on content ecosystem enhancement and streamer collaboration could be important for long-term growth, but short-term financial pressures may persist as the company navigates this transition amid challenging market conditions.
DouYu's technological strategy shows promise amidst financial challenges. The
The company's focus on content ecosystem enrichment and product upgrades aligns with industry trends towards more interactive and diverse gaming experiences. However, the
DouYu's exploration of voice-based social networking services demonstrates adaptability to emerging tech trends. As gaming and social media continue to converge, this diversification could position DouYu well for future growth, provided they can balance innovation with financial prudence.
WUHAN, China, Sept. 12, 2024 /PRNewswire/ -- DouYu International Holdings Limited ("DouYu" or the "Company") (Nasdaq: DOYU), a leading game-centric live streaming platform in
Second Quarter 2024 Financial and Operational Highlights
- Total net revenues in the second quarter of 2024 were
RMB1,032.0 million (US ), compared with$142.0 million RMB1,392.2 million in the same period of 2023. - Gross profit in the second quarter of 2024 was
RMB84.2 million (US ), compared with$11.6 million RMB188.9 million in the same period of 2023. - Net loss in the second quarter of 2024 was
RMB49.2 million (US ), compared with net income of$6.8 million RMB6.8 million in the same period of 2023. - Adjusted net loss[1] in the second quarter of 2024 was
RMB45.5 million (US ), compared with adjusted net income of$6.3 million RMB61.4 million in the same period of 2023. - Average mobile MAUs[2] in the second quarter of 2024 were 44.1 million, compared with 50.3 million in the same period of 2023.
- The number of quarterly average paying users[3] in the second quarter of 2024 was 3.4 million, compared with 4.0 million in the same period of 2023.
The interim management committee of DouYu commented, "In the second quarter of 2024, we further enriched our content ecosystem and enhanced our diversified commercialization capabilities. In deepening our collaboration with streamers and game developers on content innovation and product upgrades, we successfully introduced diverse cooperative models that bring DouYu users more exceptional content experiences and an expanded array of gaming services. Our long-term development strategy remains centered on fostering a vibrant, diverse, game-centric content ecosystem by harnessing the strengths of DouYu's deep-rooted streamer resources and premium content. We will continue to dynamically adapt our operating strategies amid the evolving macroeconomic and industry shifts, proactively addressing challenges and optimizing our platform's content ecosystem to serve our overarching goal of long-term, sustainable growth."
Mr. Hao Cao, Vice President of DouYu, commented, "Our strategic revenue diversification initiatives yielded encouraging results in the second quarter. Revenue from Innovative business, advertising and others (formerly known as advertising and other revenues) steadily increased to
Second Quarter 2024 Financial Results
Total net revenues in the second quarter of 2024 decreased by
Livestreaming revenues in the second quarter of 2024 decreased by
Innovative business, advertising and other revenues (formerly known as advertising and other revenues) in the second quarter of 2024 increased by
Cost of revenues in the second quarter of 2024 decreased by
Revenue-sharing fees and content costs in the second quarter of 2024 decreased by
Bandwidth costs in the second quarter of 2024 decreased by
Gross profit in the second quarter of 2024 was
Sales and marketing expenses in the second quarter of 2024 decreased by
Research and development expenses in the second quarter of 2024 decreased by
General and administrative expenses in the second quarter of 2024 increased by
Other operating expenses, net in the second quarter of 2024 were
Loss from operations in the second quarter of 2024 was
Net loss in the second quarter of 2024 was
Adjusted net loss, which excludes the share of loss in equity method investments, and impairment loss of investments, was
Basic and diluted net loss per ADS[4] in the second quarter of 2024 were both
Cash and cash equivalents, restricted cash and bank deposits
As of June 30, 2024, the Company had cash and cash equivalents, restricted cash, restricted cash in other non-current assets, and short-term and long-term bank deposits of
Updates of Share Repurchase Program
On December 28, 2023, the Company announced that its board of directors had authorized a share repurchase program under which the Company may repurchase up to
Conference Call Information
The Company will hold a conference call on September 12, 2024, at 7:00 a.m. Eastern Time (or 7:00 p.m. Beijing Time on the same day) to discuss the financial results. Listeners may access the call by dialing the following numbers:
International: | +1-412-317-6061 |
United States Toll-Free: | +1-888-317-6003 |
Mainland China Toll-Free: | 4001-206115 |
Hong Kong Toll Free: | 800-963976 |
Singapore Toll Free: | 800-120-5863 |
Conference ID: | 8687804 |
The replay will be accessible through September 19, 2024, by dialing the following numbers:
International: | +1-412-317-0088 |
United States Toll Free: | +1-877-344-7529 |
Conference ID: | 1678388 |
A live and archived webcast of the conference call will also be available on the Company's investor relations website at http://ir.douyu.com.
[1] "Adjusted net loss" is defined as net loss excluding share of loss in equity method investments, and impairment loss of investments. For more information, please refer to "Use of Non-GAAP Financial Measures" and "Reconciliations of GAAP and Non-GAAP Results" at the end of this press release. [2] Refers to the number of mobile devices that launched our mobile apps in a given period. Average mobile MAUs for a given period is calculated by dividing (i) the sum of active mobile users for each month of such period by (ii) the number of months in such period. [3] "Quarterly average paying users" refers to the average paying users for each quarter during a given period of time calculated by dividing (i) the sum of paying users for each quarter of such period by (ii) the number of quarters in such period. "Paying user" refers to a registered user that has purchased virtual gifts on our platform at least once during the relevant period. [4] Every one ADS represents one ordinary share for the relevant period and calendar year. |
About DouYu International Holdings Limited
Headquartered in
Use of Non-GAAP Financial Measures
Adjusted net income (loss) is calculated as net income (loss) adjusted for share of loss in equity method investments, and impairment loss of investments. Adjusted net income (loss) attributable to DouYu is calculated as net income (loss) attributable to DouYu adjusted for share of loss in equity method investments, and impairment loss of investments. Adjusted basic and diluted net income per ordinary share is non-GAAP net income attributable to ordinary shareholders divided by weighted average number of ordinary shares used in the calculation of non-GAAP basic and diluted net income per ordinary share. The Company adjusted the impact of (i) share of loss in equity method investments, (ii) impairment loss of investments to understand and evaluate the Company's core operating performance. The non-GAAP financial measures are presented to enhance investors' overall understanding of the Company's financial performance and should not be considered a substitute for, or superior to, the financial information prepared and presented in accordance with
For more information on these non-GAAP financial measures, please see the table captioned "Reconciliations of Non-GAAP Results" near the end of this release.
Exchange Rate Information
This announcement contains translations of certain RMB amounts into
Safe Harbor Statement
This press release contains forward-looking statements. These statements are made under the "safe harbor" provisions of the
Investor Relations Contact
In
Lingling Kong DouYu International Holdings Limited Email: ir@douyu.tv Tel: +86 (10) 6508-0677
| Andrea Guo Piacente Financial Communications Email: douyu@tpg-ir.com Tel: +86 (10) 6508-0677
|
In
Brandi Piacente Piacente Financial Communications Email: douyu@tpg-ir.com Tel: +1-212-481-2050
|
Media Relations Contact
In
Lingling Kong DouYu International Holdings Limited Email: pr_douyu@douyu.tv Tel: +86 (10) 6508-0677
|
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS (All amounts in thousands, except share, ADS, per share and per ADS data) | |||||
As of December 31 | As of June 30 | ||||
2023 | 2024 | 2024 | |||
ASSETS | RMB | RMB | US$ (1) | ||
Current assets: | |||||
Cash and cash equivalents | 4,440,131 | 4,061,140 | 558,831 | ||
Restricted cash | - | 21 | 3 | ||
Short-term bank deposits | 1,716,540 | 1,974,461 | 271,695 | ||
Accounts receivable, net | 73,453 | 52,279 | 7,194 | ||
Prepayments | 38,181 | 26,085 | 3,589 | ||
Amounts due from related parties | 68,994 | 61,859 | 8,512 | ||
Other current assets, net | 348,129 | 482,012 | 66,327 | ||
Total current assets | 6,685,428 | 6,657,857 | 916,151 | ||
Property and equipment, net | 13,808 | 8,525 | 1,172 | ||
Intangible assets, net | 120,694 | 141,671 | 19,495 | ||
Long-term bank deposits | 630,000 | 450,000 | 61,922 | ||
Investments | 436,197 | 431,112 | 59,323 | ||
Right-of-use assets, net | 22,792 | 5,925 | 815 | ||
Other non-current assets | 163,184 | 138,797 | 19,099 | ||
Total non-current assets | 1,386,675 | 1,176,030 | 161,826 | ||
TOTAL ASSETS | 8,072,103 | 7,833,887 | 1,077,977 | ||
LIABILITIES AND SHAREHOLDERS' EQUITY | |||||
LIABILITIES | |||||
Current liabilities: | |||||
Accounts payable | 534,428 | 464,509 | 63,919 | ||
Advances from customers | 12,911 | 10,194 | 1,403 | ||
Deferred revenue | 315,969 | 271,061 | 37,299 | ||
Accrued expenses and other current liabilities | 246,601 | 191,607 | 26,366 | ||
Amounts due to related parties | 251,392 | 382,574 | 52,644 | ||
Lease liabilities due within one year | 14,768 | 4,523 | 622 | ||
Total current liabilities | 1,376,069 | 1,324,468 | 182,253 | ||
Lease liabilities | 6,701 | 563 | 77 | ||
Total non-current liabilities | 6,701 | 563 | 77 | ||
TOTAL LIABILITIES | 1,382,770 | 1,325,031 | 182,330 | ||
(1) Translations of certain RMB amounts into all translations from RMB to H.10 statistical release of the Federal Reserve Board. |
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS (CONTINUED) (All amounts in thousands, except share, ADS, per share and per ADS data) | |||||
As of December 31 | As of June 30 | ||||
2023 | 2024 | 2024 | |||
RMB | RMB | US$ (1) | |||
SHAREHOLDERS' EQUITY | |||||
Ordinary shares | 23 | 23 | 3 | ||
Treasury shares | (911,217) | (991,370) | (136,417) | ||
Additional paid-in capital | 10,670,287 | 10,670,287 | 1,468,280 | ||
Accumulated deficit | (3,485,007) | (3,622,129) | (498,422) | ||
Accumulated other comprehensive income | 415,247 | 452,045 | 62,203 | ||
Total DouYu Shareholders' Equity | 6,689,333 | 6,508,856 | 895,647 | ||
Total Shareholders' Equity | 6,689,333 | 6,508,856 | 895,647 | ||
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY | 8,072,103 | 7,833,887 | 1,077,977 | ||
(1) Translations of certain RMB amounts into all translations from RMB to H.10 statistical release of the Federal Reserve Board. |
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS) (All amounts in thousands, except share, ADS, per share and per ADS data) | |||||||||||||
Three Months Ended | Six Months Ended | ||||||||||||
June 30, 2023 | March 31, 2024 | June 30, 2024 | June 30, 2024 | June 30, 2023 | June 30, 2024 | June 30, 2024 | |||||||
RMB | RMB | RMB | US$ (1) | RMB | RMB | US$ (1) | |||||||
Net revenues | 1,392,193 | 1,039,684 | 1,032,041 | 142,014 | 2,875,253 | 2,071,725 | 285,079 | ||||||
Cost of revenues | (1,203,294) | (930,678) | (947,823) | (130,425) | (2,509,888) | (1,878,501) | (258,490) | ||||||
Gross profit | 188,899 | 109,006 | 84,218 | 11,589 | 365,365 | 193,224 | 26,589 | ||||||
Operating income (expense) | |||||||||||||
Sales and marketing expenses | (87,047) | (75,570) | (76,963) | (10,590) | (177,733) | (152,533) | (20,989) | ||||||
General and administrative expenses | (46,938) | (42,797) | (48,496) | (6,673) | (106,731) | (91,293) | (12,562) | ||||||
Research and development expenses | (71,043) | (54,150) | (50,135) | (6,899) | (143,354) | (104,285) | (14,350) | ||||||
Other operating income (expense), net | 8,615 | (103,428) | (28,189) | (3,879) | 27,661 | (131,617) | (18,111) | ||||||
Total operating expenses | (196,413) | (275,945) | (203,783) | (28,041) | (400,157) | (479,728) | (66,012) | ||||||
Loss from operations | (7,514) | (166,939) | (119,565) | (16,452) | (34,792) | (286,504) | (39,423) | ||||||
Other expenses, net | (24,431) | - | (943) | (130) | (32,431) | (943) | (130) | ||||||
Interest income | 67,252 | 81,094 | 75,972 | 10,454 | 121,679 | 157,066 | 21,613 | ||||||
Foreign exchange gain, net | 1,641 | 153 | 604 | 83 | 245 | 757 | 104 | ||||||
Income (loss) before income taxes and share of loss in equity method investments | 36,948 | (85,692) | (43,932) | (6,045) | 54,701 | (129,624) | (17,836) | ||||||
Income tax expense | - | - | (2,510) | (345) | - | (2,510) | (345) | ||||||
Share of loss in equity method investments | (30,100) | (2,261) | (2,727) | (375) | (33,336) | (4,988) | (686) | ||||||
Net income (loss) | 6,848 | (87,953) | (49,169) | (6,765) | 21,365 | (137,122) | (18,867) | ||||||
Net income (loss) attributable to ordinary shareholders of the Company | 6,848 | (87,953) | (49,169) | (6,765) | 21,365 | (137,122) | (18,867) | ||||||
Net income (loss) per ordinary share | |||||||||||||
Basic | 0.21 | (2.77) | (1.58) | (0.22) | 0.67 | (4.36) | (0.60) | ||||||
Diluted | 0.21 | (2.77) | (1.58) | (0.22) | 0.67 | (4.36) | (0.60) | ||||||
Net income (loss) per ADS(2) | |||||||||||||
Basic | 0.21 | (2.77) | (1.58) | (0.22) | 0.67 | (4.36) | (0.60) | ||||||
Diluted | 0.21 | (2.77) | (1.58) | (0.22) | 0.67 | (4.36) | (0.60) | ||||||
Weighted average number of ordinary shares used in calculating net income (loss) per ordinary share | |||||||||||||
Basic | 31,977,665 | 31,807,180 | 31,128,544 | 31,128,544 | 32,000,608 | 31,467,862 | 31,467,862 | ||||||
Diluted | 31,977,665 | 31,807,180 | 31,128,544 | 31,128,544 | 32,000,608 | 31,467,862 | 31,467,862 | ||||||
Weighted average number of ADS used in calculating net income (loss) per ADS(2) | |||||||||||||
Basic | 31,977,665 | 31,807,180 | 31,128,544 | 31,128,544 | 32,000,608 | 31,467,862 | 31,467,862 | ||||||
Diluted | 31,977,665 | 31,807,180 | 31,128,544 | 31,128,544 | 32,000,608 | 31,467,862 | 31,467,862 | ||||||
(1) Translations of certain RMB amounts into translations from RMB to release of the Federal Reserve Board. (2) Every one ADS represents one ordinary share. |
RECONCILIATIONS OF GAAP AND NON-GAAP RESULTS (All amounts in thousands, except share, ADS, per share and per ADS data) | |||||||||||||
Three Months Ended | Six Months Ended | ||||||||||||
June 30, 2023 | March 31, 2024 | June 30, 2024 | June 30, 2024 | June 30, 2023 | June 30, 2024 | June 30, 2024 | |||||||
RMB | RMB | RMB | US$ (1) | RMB | RMB | US$ (1) | |||||||
Loss from operations | (7,514) | (166,939) | (119,565) | (16,452) | (34,792) | (286,504) | (39,423) | ||||||
Adjusted operating loss | (7,514) | (166,939) | (119,565) | (16,452) | (34,792) | (286,504) | (39,423) | ||||||
Net income (loss) | 6,848 | (87,953) | (49,169) | (6,765) | 21,365 | (137,122) | (18,867) | ||||||
Add: | |||||||||||||
Share of loss in equity method investments | 30,100 | 2,261 | 2,727 | 375 | 33,336 | 4,988 | 686 | ||||||
Impairment loss of investments(2) | 24,431 | - | 943 | 130 | 32,431 | 943 | 130 | ||||||
Adjusted net income (loss) | 61,379 | (85,692) | (45,499) | (6,260) | 87,132 | (131,191) | (18,051) | ||||||
Net income (loss) attributable to DouYu | 6,848 | (87,953) | (49,169) | (6,765) | 21,365 | (137,122) | (18,867) | ||||||
Add: | |||||||||||||
Share of loss in equity method investments | 30,100 | 2,261 | 2,727 | 375 | 33,336 | 4,988 | 686 | ||||||
Impairment loss of investments | 24,431 | - | 943 | 130 | 32,431 | 943 | 130 | ||||||
Adjusted net income (loss) attributable to DouYu | 61,379 | (85,692) | (45,499) | (6,260) | 87,132 | (131,191) | (18,051) | ||||||
Adjusted net income (loss) per ordinary share | |||||||||||||
Basic | 1.92 | (2.69) | (1.46) | (0.20) | 2.72 | (4.17) | (0.57) | ||||||
Diluted | 1.92 | (2.69) | (1.46) | (0.20) | 2.72 | (4.17) | (0.57) | ||||||
Adjusted net income (loss) per ADS(3)
| |||||||||||||
Basic | 1.92 | (2.69) | (1.46) | (0.20) | 2.72 | (4.17) | (0.57) | ||||||
Diluted | 1.92 | (2.69) | (1.46) | (0.20) | 2.72 | (4.17) | (0.57) | ||||||
Weighted average number of ordinary shares used in calculating Adjusted net income (loss) per ordinary share | |||||||||||||
Basic | 31,977,665 | 31,807,180 | 31,128,544 | 31,128,544 | 32,000,608 | 31,467,862 | 31,467,862 | ||||||
Diluted | 31,977,665 | 31,807,180 | 31,128,544 | 31,128,544 | 32,000,608 | 31,467,862 | 31,467,862 | ||||||
Weighted average number of ADS used in calculating net income (loss) per ADS(2) | |||||||||||||
Basic | 31,977,665 | 31,807,180 | 31,128,544 | 31,128,544 | 32,000,608 | 31,467,862 | 31,467,862 | ||||||
Diluted | 31,977,665 | 31,807,180 | 31,128,544 | 31,128,544 | 32,000,608 | 31,467,862 | 31,467,862 | ||||||
(1) Translations of certain RMB amounts into translations from RMB to release of the Federal Reserve Board. (2) Impairment loss of investments was included in line item "Other expenses, net" of condensed consolidated statements of income (loss). (3) Every one ADS represents one ordinary share. |
View original content:https://www.prnewswire.com/news-releases/douyu-international-holdings-limited-reports-second-quarter-2024-unaudited-financial-results-302246277.html
SOURCE DouYu International Holdings Limited
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