DouYu Posts Loss In Q1; Total Net Revenues Down 29.9%

(RTTNews) - DouYu International (DOYU) posted a net loss in the first quarter of RMB 88.0 million, compared with net income of RMB 14.5 million in the same period of 2023. Net loss per ADS was RMB 2.77 compared to profit of RMB 0.45. Adjusted net loss was RMB 85.7 million, compared with adjusted net income of RMB 25.8 million. Adjusted net loss per ADS was RMB 2.69 compared to profit of RMB 0.80.

Total net revenues in the first quarter were RMB 1.04 billion, compared with RMB 1.48 billion in the same period of 2023. Livestreaming revenues decreased by 41.5% to RMB 800.9 million. Average mobile MAUs in the first quarter of 2024 were 45.3 million, compared with 50.2 million in the same period of 2023.

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