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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 Limited (Nasdaq: DOYU), a leading game-centric live streaming platform in China, is set to release its unaudited financial results for the third quarter of 2022 before U.S. markets open on November 21, 2022. The earnings release will be accessible through the company’s investor relations website. A conference call will be held on the same day at 7:00 A.M. Eastern Time to discuss these results. Listeners can access the call through specified contact numbers. The call will also be available as a replay until November 28, 2022.
DouYu International Holdings Limited (DOYU) reported its financial results for Q2 2022, revealing total net revenues of RMB 1,833.2 million (US$273.7 million), a decline of 21.6% year-over-year. The company's gross profit remained stable at RMB 309.0 million (US$46.1 million) with a gross margin increase to 16.9%. DouYu achieved an adjusted net income of RMB 23.5 million (US$3.5 million), a significant improvement from a loss in Q2 2021. Average mobile MAUs decreased to 55.7 million from 60.7 million, while quarterly average paying users fell to 6.6 million. DouYu continues to focus on operational efficiency and enhancing its content ecosystem.
DouYu International Holdings Limited (Nasdaq: DOYU), a prominent live streaming platform in China, is set to release its unaudited financial results for the second quarter of 2022 on August 15, 2022. The earnings report will be accessible on their investor relations website. A conference call is scheduled for the same day at 7:00 A.M. ET to discuss the financial results, with various toll-free numbers provided for participants.
DouYu International Holdings Limited (Nasdaq: DOYU) reported its Q1 2022 financial results, revealing total net revenues of RMB1,795.6 million (US$283.3 million), a decline of 16.6% year-over-year. Gross profit was RMB243.8 million (US$38.5 million), down from RMB260.2 million previously. The net loss narrowed to RMB86.9 million (US$13.7 million) from RMB101.8 million in Q1 2021. Average mobile MAUs fell to 55.1 million from 59.1 million. The company continues to adjust operations in response to regulatory changes affecting the streaming industry while focusing on innovative content strategies.
DouYu International Holdings Limited (Nasdaq: DOYU), a leader in game-centric live streaming in China, will release its unaudited financial results for Q1 2022 on May 18, 2022. This release precedes a conference call scheduled for the same day at 7:00 A.M. ET to discuss the results. Investors can access the earnings release and call details on the company's investor relations website. DouYu is known for its innovative platform that enhances user interaction through livestreaming and eSports, aiming to continuously expand its audience and improve user experience.
DouYu International Holdings Limited (Nasdaq: DOYU) announced on May 5, 2022, that it was identified by the SEC under the Holding Foreign Companies Accountable Act (HFCAA) due to the use of a registered public accounting firm whose work cannot be inspected by the PCAOB. This designation implies potential trading restrictions if the company remains non-compliant for three consecutive years. DouYu emphasized that this situation does not impact its business operations and is actively seeking solutions to safeguard stakeholder interests.
DouYu International Holdings Limited (Nasdaq: DOYU) has filed its annual report on Form 20-F with the SEC for the fiscal year ending December 31, 2021. This report includes audited consolidated financial statements and is accessible through DouYu's investor relations website and the SEC's site. Shareholders can request hard copies of the report free of charge. DouYu is recognized as a leading game-centric live streaming platform in China, focusing on eSports and community engagement.
DouYu International Holdings Limited (DOYU) reported its fourth quarter and full year 2021 financial results, showing a 2.6% increase in net revenues to RMB2,327.9 million (US$365.3 million) for Q4 2021. Gross profit surged 34.3% to RMB244.7 million (US$38.4 million). However, the company experienced a net loss of RMB193.2 million (US$30.3 million) in Q4, an improvement from a net loss of RMB228.7 million in Q4 2020. For the full year, total net revenues fell 4.5% to RMB9,165.3 million (US$1,438.2 million) and net loss rose to RMB620.2 million (US$97.3 million).
DouYu International Holdings Limited (Nasdaq: DOYU) will release its unaudited financial results for Q4 and the full year of 2021 on March 16, 2022, before U.S. markets open. A conference call will follow at 7:00 A.M. ET for detailed discussions. Access to the earnings release will be available on the investor relations website. DouYu, based in Wuhan, China, excels in game-centric live streaming and eSports, ensuring quality content through advanced technology and collaborations.
On December 7, 2021, DouYu International Holdings Limited (Nasdaq: DOYU) announced management changes. Mr. Wenming Zhang resigned as co-CEO and director for personal reasons. Ms. Yang Deng was appointed as a director, bringing her legal expertise to the board after serving as vice president of legal affairs since 2017. Mr. Mingming Su will now serve on the Compensation, Nominating, and Corporate Governance Committees. Chairman Shaojie Chen expressed gratitude to Mr. Zhang for his contributions and optimism about the new appointments impacting DouYu's future.
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