DouYu Q2 Earnings: Misses Revenue Estimates, Livestreaming Struggles & More
Portfolio Pulse from Anusuya Lahiri
DouYu International Holdings Limited (NASDAQ: DOYU) reported a significant revenue decline of 25.9% in Q2, missing analyst estimates. Livestreaming revenues fell by 37.2%, while innovative business revenues rose by 80.7%. The company declared a special cash dividend and saw a decrease in mobile MAUs and paying users.
September 12, 2024 | 12:28 pm
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NEGATIVE IMPACT
DouYu reported a 25.9% decline in Q2 revenue, missing estimates. Livestreaming revenues fell significantly, but innovative business revenues increased. The company declared a special dividend, but saw declines in mobile MAUs and paying users.
DouYu's significant revenue miss and decline in key metrics like livestreaming revenues, mobile MAUs, and paying users suggest negative short-term impact. The special dividend is a positive, but overall, the earnings report is likely to pressure the stock price downward.
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IMPORTANCE 90
RELEVANCE 100