DOYU - DouYu International Non-GAAP EPS of $0.03 beats by $0.02 revenue of $186.3M beats by $7.67M

2023-12-07 06:02:57 ET

• DouYu International press release ( NASDAQ: DOYU ): Q3 Non-GAAP EPS of $0.03 beats by $0.02 .
• Revenue of $186.3M (-24.4% Y/Y) beats by $7.67M .

• Livestreaming revenues in the third quarter of 2023 decreased by 32.5% to RMB1,151.0 million (US$157.8 million) from RMB1,705.0 million in the same period of 2022. The decrease was primarily attributable to the soft macroeconomic environment, leading to a decrease in the number of quarterly average paying users.

• Advertising and other revenues in the third quarter of 2023 increased by 123.2% to RMB208.2 million (US$28.5 million) from RMB93.3 million in the same period of 2022. The increase was primarily driven by the increase in other revenues generated through other innovative business.

• Average mobile MAUs in the third quarter of 2023 were 51.7 million, compared with 57.1 million in the same period of 2022.

• The number of quarterly average paying users in the third quarter of 2023 was 3.9 million, compared with 5.6 million in the same period of 2022.

For further details see: