DouYu Intl Hldgs Reported Average Mobile MAUs of 51.7M in Q4 Vs 57.4M YoY, Average Paying Users of 3.7M Vs 5.6M YoY
Portfolio Pulse from Benzinga Newsdesk
DouYu International Holdings reported a decline in both revenue and user metrics for Q4 2023 compared to the same period in 2022. Total net revenues decreased to $182.5 million from $236.7 million, gross profit fell to $17.8 million from $26.2 million, and the company shifted from a net income of $5.9 million to a net loss of $8.8 million. Additionally, average mobile MAUs dropped to 51.7 million from 57.4 million, and average paying users decreased to 3.7 million from 5.6 million.
March 26, 2024 | 8:05 am
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DouYu International Holdings experienced a significant downturn in Q4 2023, with decreases in revenue, profit, and user engagement.
The reported decline in key financial metrics such as revenue, gross profit, and the shift from net income to net loss, along with a decrease in user engagement metrics like average mobile MAUs and paying users, are likely to negatively impact investor sentiment and the stock price in the short term.
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