NASDAQ$DOYU
Douyu -ADR · Q1 2025 earnings
Q1 2025 earnings · · Investor relations
Briefing
DouYu narrows Q1 operating loss 84% as innovative business revenue surges 60%
DouYu International reported Q1 2025 net revenues of RMB947.1 million (US$130.5 million), down 8.9% year over year as livestreaming revenue fell 29.5% to RMB564.5 million amid fewer low-ROI activities and soft consumer spending. Gross profit rose 4.1% to RMB113.5 million with gross margin improving to 12.0%, and the operating loss narrowed 84.3% to RMB26.1 million. Net loss decreased 9.5% to RMB79.6 million while adjusted net loss fell 75.6% to RMB20.9 million. Innovative business, advertising and other revenues jumped 60.2% to RMB382.6 million, representing 40.4% of total revenue, led by voice-based social networking at RMB290.1 million. Average mobile MAUs were 41.4 million and quarterly average paying users were 2.9 million with ARPPU of RMB216. Cash and equivalents totaled RMB2.3 billion after a US$300 million special dividend in February.
- Net revenues RMB947.1M (-8.9% YoY); gross profit RMB113.5M (+4.1%); gross margin 12.0%
- Operating loss narrowed 84.3% to RMB26.1M; net loss RMB79.6M; adjusted net loss RMB20.9M
- Innovative business revenue RMB382.6M (+60.2% YoY), 40.4% of total; livestreaming RMB564.5M (-29.5%)
- 41.4M mobile MAUs (-8.7%); 2.9M quarterly paying users; voice social networking revenue RMB290.1M
- Cash and equivalents RMB2.3B after US$300M special dividend distribution
Headline financials
Revenue & EPS history
Douyu · Revenue · Quarterly
¥947M
Revenue by segment
Douyu · ¥1.19B total across 3 segments · Q4 2025
- Livestreaming¥513M—43.1%
- Innovative business, advertising and other¥406M—34.1%
- Voice-based social networking (within innovative/advertising line)¥271M—22.8%
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2025
-0.6%
Avg return
Earnings day
-1.1%
Avg return
5 days after
+4.6%
Avg return
30 days after
29%
8 / 28 earnings
Positive
+39.4%
Q4 2021
Best reaction
-18.0%
Q2 2019
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | — | — | — | |
| Q4 2025 | +0.0% | +3.3% | +10.2% | |
| Q3 2025 | -5.0% | +1.7% | +1.3% | |
| Q2 2025 | +13.4% | +14.6% | +7.8% | |
| Q1 2025 | -1.3% | -3.9% | -6.9% | |
| Q4 2024 | +10.4% | +6.2% | -24.0% | |
| Q3 2024 | -1.7% | +0.6% | +16.3% | |
| Q2 2024 | -11.8% | -9.7% | +9.1% | |
| Q4 2023 | -11.3% | -16.5% | +7.0% | |
| Q3 2023 | +10.2% | +5.3% | +26.7% | |
| Q2 2023 | -1.0% | -5.6% | -5.0% | |
| Q1 2023 | +3.0% | +6.0% | +11.0% | |
| Q4 2022 | -1.7% | -5.1% | -5.1% | |
| Q3 2022 | -12.9% | -12.9% | +11.4% | |
| Q2 2022 | +0.8% | +2.4% | +14.4% | |
| Q1 2022 | -4.6% | -13.2% | -19.7% | |
| Q4 2021 | +39.4% | +56.3% | +41.5% | |
| Q3 2021 | -15.9% | -18.3% | -33.2% | |
| Q2 2021 | -0.9% | -4.6% | +0.6% | |
| Q1 2021 | -0.9% | -6.5% | +0.3% | |
| Q4 2020 | -11.1% | -19.4% | -23.7% | |
| Q3 2020 | +3.5% | +3.8% | -14.0% | |
| Q2 2020 | -5.5% | -4.1% | +5.2% | |
| Q1 2020 | +17.7% | +30.2% | +60.6% | |
| Q4 2017 | -1.1% | -7.4% | +18.9% | |
| Q4 2018 | -1.1% | -7.4% | +18.9% | |
| Q4 2019 | -6.2% | -13.5% | -2.5% | |
| Q3 2019 | -2.5% | -1.8% | +6.5% | |
| Q2 2019 | -18.0% | -12.4% | -5.4% | |
| Q3 2018 | — | — | — | |
| Q2 2018 | — | — | — | |
| Q1 2018 | — | — | — |
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