DOYU - DouYu International GAAP EPS of $0.07 revenue of $216M

2023-05-18 04:07:30 ET

• DouYu International press release ( NASDAQ: DOYU ): Q1 GAAP EPS of $0.07.
• Revenue of $216M (-23.8% Y/Y).
• Shares +5% PM.

• Livestreaming revenues in the first quarter of 2023 decreased by 20.7% to RMB1,369.0 million (US$199.3 million) from RMB1,727.2 million in the same period of 2022.

• Advertising and other revenues in the first quarter of 2023 increased by 66.6% to RMB114.1 million (US$16.6 million) from RMB68.4 million in the same period of 2022.

• Other operating income, net in the first quarter of 2023 was RMB19.0 million (US$2.8 million), compared with RMB47.8 million in the same period of 2022.

• Loss from operations in the first quarter of 2023 was RMB27.3 million (US$4.0 million), compared with RMB101.2 million in the same period of 2022.

• Adjusted operating loss, which adds back share-based compensation expenses, was RMB27.3 million (US$4.0 million) in the first quarter of 2023, compared with adjusted loss from operations of RMB68.0 million in the same period of 2022.

• Net income in the first quarter of 2023 was RMB14.5 million (US$2.1 million), compared with net loss of RMB86.9 million in the same period of 2022.

• Adjusted net income, which excludes share-based compensation expenses, the share of (loss) income in equity method investments, and impairment loss of investments, was RMB25.8 million (US$3.7 million) in the first quarter of 2023, compared with adjusted net loss of RMB52.5 million in the same period of 2022.

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