PGJ - DouYu's Q1 Performance Falters: CEO Highlights Soft Market Challenges | Benzinga
DouYu International Holdings Limited (NASDAQ: DOYU) reported a fiscal first-quarter 2024 revenue decline of 29.9% to $144 million year-on-year, missing the analyst consensus estimate of $184 million.
The Chinese game-centric live streaming platform’s adjusted earnings per ADS loss of $(0.37) compared to $1.10 Y/Y. The stock price declined after the results.
Segments: DouYu’s Livestreaming revenues decreased by 41.5% Y/Y to $110.9 million due to the soft macroeconomic environment.
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