Notable News to Watch: DouYu International Holdings Limited (NASDAQ:DOYU)

On Wednesday DouYu International Holdings Limited (NASDAQ:DOYU) stock price moved positive at 2.48%. Its total market capitalization is $2545049073. Its day lowest price was $7.4 and its hit its day highest price at $8.02. The stock recent volume is 1681191 shares in comparison to its average trading volume of 892037 shares. Looking at the stock’s price level on the past 52-week graph, DOYU recorded a 52-week high of $11.88 and its 52-week low of $7.01.

On Nov. 27, 2019, DouYu International Holdings Limited (NASDAQ:DOYU) a leading game-centric live streaming platform in China and a pioneer in the eSports value chain, notified its unaudited financial results for the third quarter and nine months ended September 30, 2019.

Third Quarter 2019 Highlights

  • Total net revenues for the third quarter of 2019 increased by 81.3% to RMB1,858.5 million (US$261.0 million) from RMB1,024.8 million in the same period of 2018.
  • Gross profit increased by 450.5% to RMB316.8 million (US$44.5 million) from RMB57.5 million in the same period of 2018, implying a gross margin of 17.0% in the third quarter of 2019 compared with 5.6% in the same period of 2018.
  • Net loss was RMB165.4 million (US$23.2 million) for the third quarter of 2019, compared with RMB220.5 million in the same period of 2018, implying a net loss margin of 8.9% compared with 21.5% in the same period of 2018.
  • Adjusted net income [1] was RMB72.2 million (US$10.1 million) for the third quarter of 2019, implying an adjusted net margin of 3.9%, compared with an adjusted net loss of RMB214.2 million in the same period of 2018.
  • Average MAUs [2] reached 163.6 million in the third quarter of 2019, representing an increase of 14.7% from 142.7 million in the third quarter of 2018.
  • Average mobile MAUs reached 52.1 million in the third quarter of 2019, representing an increase of 26.1% from 41.3 million in the third quarter of 2018.
  • Quarterly average paying user count reached 7.0 million in the third quarter of 2019, representing an increase of 66.0% from 4.2 million in the third quarter of 2018.

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