Douyu International Holdings Ltd
SWB:DY8A
Douyu International Holdings Ltd
DouYu International Holdings Ltd. develops and operates game-centric live streaming platform in China, both on personal computer and mobile apps. The company is headquartered in Wuhan, Hubei. The company went IPO on 2019-07-17. The firm operates its platform on Personal Computer (PC) and mobile apps, through which users can enjoy immersive and interactive gaming and entertainment live streaming. The firm operates through two segments: Live Streaming segment as well as Advertisement and others segments. The firm mainly operates its businesses in the domestic market.
DouYu International Holdings Ltd. develops and operates game-centric live streaming platform in China, both on personal computer and mobile apps. The company is headquartered in Wuhan, Hubei. The company went IPO on 2019-07-17. The firm operates its platform on Personal Computer (PC) and mobile apps, through which users can enjoy immersive and interactive gaming and entertainment live streaming. The firm operates through two segments: Live Streaming segment as well as Advertisement and others segments. The firm mainly operates its businesses in the domestic market.
Revenue Decline: Total net revenues dropped 12.3% year-over-year in Q4 to RMB 1.14 billion, mainly due to a 28.4% fall in livestreaming revenue.
Rapid Diversification: Revenue from innovative business, advertising, and others jumped 47.2% year-over-year in Q4 and made up 35.7% of total Q4 revenue.
Ongoing Cost Cuts: Content costs and operating expenses (sales, marketing, R&D, and G&A) all fell significantly year-over-year, but gross margin decreased to 6.1%.
Wider Net Loss: Net loss increased to RMB 163.7 million in Q4, up from RMB 62.2 million a year ago.
User Metrics: Mobile MAUs grew 5.9% quarter-over-quarter to 44.5 million but dropped 13.9% year-over-year; paying users held steady QoQ at 3.3 million.
Shareholder Returns: Two special cash dividends totaling USD 600 million were announced, with a USD 20 million share buyback completed.
2025 Focus: Company aims to further reduce costs, improve efficiency, and narrow losses by optimizing streamer compensation, cutting copyright costs, and growing innovative businesses.
