DouYu International Holdings Q1 Average Mobile MAUs Were 45.3M, Down From 50.2M YoY, Quarterly Average Paying Users Were 3.4M, Down From 4.5M YoY
Portfolio Pulse from Benzinga Newsdesk
DouYu International Holdings reported a decline in key user metrics for Q1 2024. Average mobile MAUs dropped to 45.3 million from 50.2 million YoY, and quarterly average paying users fell to 3.4 million from 4.5 million YoY.
June 05, 2024 | 8:08 am
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NEGATIVE IMPACT
DouYu International Holdings reported a significant decline in both average mobile MAUs and quarterly average paying users for Q1 2024 compared to the same period last year.
The decline in both average mobile MAUs and paying users indicates a potential decrease in user engagement and revenue, which is likely to negatively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100