NASDAQ$DOYU
Douyu -ADR · Q4 2024 earnings
Q4 2024 earnings · · Before market open · Investor relations
Briefing
DouYu reported declining revenue and a higher net loss in Q4 2024.
DouYu's Q4 2024 revenue fell 12.3% YoY to $155.6 million due to a significant drop in livestreaming revenue. The company reported a net loss of $22.4 million, widening from a $9.4 million loss a year ago. Gross profit decreased to $9.6 million, and adjusted net loss reached $9.4 million. Cost reduction efforts were offset by lower user spending and macroeconomic headwinds.
- Total revenue declined 12.3% YoY to $155.6 million.
- Net loss widened to $22.4 million from $9.4 million in Q4 2023.
- Adjusted EPS was -$0.31, down from -$0.16 a year ago.
- Innovative business and advertising revenue grew 47.2% YoY to $55.5 million.
Headline financials
Revenue & EPS history
Douyu · Revenue · Quarterly
$156M
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%
Forward guidance
DouYu expects revenue declines to persist in the short term due to macroeconomic headwinds and lower user spending but aims to improve margins through cost-cutting measures and AI-driven operational efficiencies.
Tailwinds
- Revenue from innovative business and advertising grew by 47.2% YoY.
- Company continues optimizing costs and operational efficiencies.
- User engagement initiatives aim to stabilize mobile MAUs.
- AI and automation expected to improve cost management.
- Structural cost reductions expected to improve profitability in 2025.
Headwinds
- Total revenue declined 12.3% YoY, primarily due to livestreaming weakness.
- Net loss widened significantly YoY due to lower revenue and high expenses.
- Gross margin declined to 6.1%, reflecting ongoing profitability challenges.
- Paying users fell to 3.3 million from 3.7 million YoY.
- Short-term revenue expected to remain under pressure due to macroeconomic conditions.
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 Q4 2024
-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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