DouYu International Holdings Limited ADS - DOYU STOCK NEWS

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.

DouYu International Holdings Limited (Nasdaq: DOYU) reported Q3 2021 financial results, revealing total net revenues of RMB2,348.0 million (US$364.4 million), a decline from RMB2,546.5 million in Q3 2020. The gross profit was RMB278.5 million (US$43.2 million), down from RMB369.4 million, leading to a net loss of RMB143.5 million (US$22.3 million), compared to a net income of RMB59.6 million a year prior. Despite these declines, average mobile MAUs increased by 3.9% to 61.9 million. The company aims to enhance its content ecosystem amidst challenging market conditions.

DouYu International Holdings Limited (Nasdaq: DOYU) announced its annual general meeting (AGM) on December 7, 2021, at 10 a.m. in Wuhan, China. No proposals will be presented for approval; the AGM will serve as a forum for discussion between shareholders and management. The record date for shareholder eligibility to attend is November 8, 2021. Ordinary shareholders and ADS holders can attend in person, and the annual report is available via the company's investor relations website and upon request.