DouYu International Holdings (DOYU) Company Report

Analyst Coverage

Research analysts who have asked questions during DouYu International Holdings earnings calls.

HSBC

5 questions for DOYU

Jefferies Financial Group Inc.

5 questions for DOYU

Bank of America Merrill Lynch

3 questions for DOYU

BOCI Research Limited

2 questions for DOYU

BOCI

2 questions for DOYU

China Renaissance

1 question for DOYU

Citibank

1 question for DOYU

Citibank

1 question for DOYU

Recent press releases and 8-K filings for DOYU.

DouYu International Holdings Limited Reports Q3 2025 Financial Results

DOYU

Earnings

Demand Weakening

Dividends

DouYu International Holdings Limited reported total net revenues of RMB899.1 million (US$126.3 million) for the third quarter ended September 30, 2025, a decrease from RMB1,063.1 million in the same period of 2024.
Despite the revenue decline, the company demonstrated improved profitability in Q3 2025, with gross profit increasing 90.9% to RMB116.1 million (US$16.3 million), income from operations reaching RMB11.9 million (US$1.7 million) (compared to a loss in Q3 2024), and net income growing 232.8% to RMB11.3 million (US$1.6 million).
Operational metrics showed a decline, with average mobile MAUs decreasing 27.5% year-over-year to 30.5 million and livestreaming revenues falling 30.6% to RMB522.1 million (US$73.3 million) in Q3 2025. However, revenues from innovative business, advertising, and other sources increased 21.2% to RMB377.0 million (US$53.0 million).
The company's cash and cash equivalents, restricted cash, and bank deposits totaled RMB2,221.6 million (US$312.1 million) as of September 30, 2025, a significant reduction from RMB4,467.8 million at year-end 2024, primarily due to a US$300 million special cash dividend distribution in February 2025.

Nov 20, 2025, 11:01 AM

DouYu International Holdings Limited Reports Q3 2025 Financial Results

DOYU

Earnings

Dividends

Demand Weakening

DouYu International Holdings Limited reported total net revenues of RMB899.1 million (US$126.3 million) for the third quarter of 2025, a decrease from RMB1,063.1 million in the same period of 2024.
The company achieved a gross profit of RMB116.1 million (US$16.3 million) in Q3 2025, marking a 90.9% increase year-over-year, and net income of RMB11.3 million (US$1.6 million), up 232.8% from Q3 2024.
Income from operations turned positive at RMB11.9 million (US$1.7 million) in Q3 2025, compared to a loss of RMB94.2 million in the prior year period.
Adjusted net income (non-GAAP) reached RMB23.1 million (US$3.3 million) in Q3 2025, a significant improvement from an adjusted net loss of RMB39.8 million in the same period of 2024.
As of September 30, 2025, cash and cash equivalents, restricted cash, and bank deposits totaled RMB2,221.6 million (US$312.1 million), a decrease primarily due to a US$300 million special cash dividend distribution in February 2025.