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 .
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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.
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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.
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Average mobile MAUs in the third quarter of 2023 were 51.7 million, compared with 57.1 million in the same period of 2022.
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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.
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DouYu International Non-GAAP EPS of $0.03 beats by $0.02, revenue of $186.3M beats by $7.67M