DouYu International Holdings shares are trading lower after the company reported a year-over-year decrease in Q2 adjusted EPADS results and worse-than-expected sales results. Also, the company reported a year-over-year decrease in average mobile MAUs and quarterly average paying users.
Portfolio Pulse from Benzinga Newsdesk
DouYu International Holdings reported a year-over-year decrease in Q2 adjusted EPADS and worse-than-expected sales results. The company also saw a decline in average mobile MAUs and quarterly average paying users, leading to a drop in share prices.
September 12, 2024 | 4:18 pm
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DouYu International Holdings reported disappointing Q2 results with a decrease in adjusted EPADS and sales, along with a decline in mobile MAUs and paying users, causing shares to trade lower.
The negative Q2 results, including a decrease in adjusted EPADS and sales, as well as a decline in mobile MAUs and paying users, are likely to negatively impact investor sentiment and lead to a short-term decrease in DouYu's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100