--- title: "DouYu Quarterly Report Illustration: Revenue of 900 million, a year-on-year decrease of 19%, adjusted net profit of 12.6 million" type: "News" locale: "en" url: "https://longbridge.com/en/news/280564292.md" description: "DouYu (Nasdaq: DOYU) released its 2025 financial report, with annual revenue of 3.819 billion yuan, a year-on-year decrease of 10.58%. Revenue in the fourth quarter was 919 million yuan, a year-on-year decrease of 19.1%. Live streaming revenue was 513 million yuan, down 29.8%. Costs were 800 million yuan, down 25%. The gross profit for the fourth quarter was 116 million yuan, with a gross margin of 13%. Net profit was 1.4 million yuan, an improvement compared to a loss of 173 million yuan in the same period last year. Adjusted net profit was 12.6 million yuan, compared to a loss of 78.2 million yuan in the same period last year" datetime: "2026-03-26T04:09:43.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/280564292.md) - [en](https://longbridge.com/en/news/280564292.md) - [zh-HK](https://longbridge.com/zh-HK/news/280564292.md) --- # DouYu Quarterly Report Illustration: Revenue of 900 million, a year-on-year decrease of 19%, adjusted net profit of 12.6 million **Leidi Network Lei Jianping March 26** DouYu (Nasdaq: DOYU) recently released its full-year and fourth-quarter financial report for the year ending December 31, 2025. The report shows that DouYu's revenue for 2025 was 3.819 billion yuan (approximately 546 million USD), a decrease of 10.58% compared to 4.271 billion yuan in the same period last year. DouYu's gross profit for 2025 was 490 million yuan, with an adjusted net profit of 40.2 million yuan. **DouYu Q4 Revenue 919 Million, Down 19% Year-on-Year** DouYu's revenue for the fourth quarter of 2025 was 919 million yuan (approximately 131 million USD), a decrease of 19.1% compared to 1.136 billion yuan in the same period last year. DouYu's live streaming revenue for the fourth quarter of 2025 was 513 million yuan (approximately 73.4 million USD), a decrease of 29.8% compared to 731 million yuan in the same period last year, mainly due to a decline in the total number of paying users and average revenue per paying user. DouYu's revenue from innovative businesses, advertising, and other sources for the fourth quarter of 2025 was 405.8 million yuan (58 million USD), an increase of 0.2% compared to 405 million yuan in the same period last year, mainly attributed to increased revenue from voice-based social networking services and seasonal fluctuations in gaming membership revenue. **DouYu Q4 Costs 800 Million, Down 25% Year-on-Year** DouYu's costs for the fourth quarter of 2025 were 800 million yuan, a decrease of 25% compared to 1.066 billion yuan in the same period last year. **DouYu Q4 Gross Profit 116 Million, Gross Margin 13%** DouYu's gross profit for the fourth quarter of 2025 was 116 million yuan, with a gross margin of 13% In the fourth quarter of 2025, DouYu's sales and marketing expenses were 47.6 million yuan, a decrease of 40% from 79.3 million yuan in the same period last year; R&D expenses were 33.8 million yuan, and administrative expenses were 26.8 million yuan, compared to 71.7 million yuan in the same period last year, mainly due to one-time employee downsizing costs and a reduction in employee-related expenses. **DouYu Q4 operating profit 4.72 billion operating profit margin 1%** DouYu's operating profit for the fourth quarter of 2025 was 4.72 billion, with an operating profit margin of 1%. **DouYu Q4 net profit 1.37 million compared to a loss in the same period last year** DouYu's net profit for the fourth quarter of 2025 was 1.4 million yuan, compared to a net loss of 173 million yuan in the same period last year; adjusted net profit was 12.6 million yuan, compared to an adjusted net loss of 78.2 million yuan in the same period last year. As of December 31, 2025, DouYu's total assets were 3.12 billion yuan (approximately 446 million USD), down from 5.446 billion yuan in the same period last year; of which, as of December 31, 2025, DouYu's current assets were 2.632 billion yuan, and DouYu's current liabilities were 1.133 billion yuan (approximately 162 million USD). As of December 31, 2025, DouYu's shareholders' equity was 1.987 billion yuan (approximately 284 million USD), down from 4.21 billion yuan in the same period last year. As of December 31, 2025, DouYu held cash and cash equivalents, restricted cash, restricted cash in other non-current assets, and short-term and long-term bank deposits totaling 22.837 billion yuan (326.6 million USD), down from 44.678 billion yuan as of December 30, 2024, mainly due to a special cash dividend of 300 million USD. As of today's close, DouYu's stock price was 4.77 USD, with a market capitalization of 144 million USD ———————————— Leidi was founded by media person Lei Jianping. 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