Live streaming platform DouYu's Q3 revenue down 15.4%

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Overview

• China’s DouYu’s Q3 2025 rev declines yr/yr, total net revenues at RMB899.1 mln
• Gross profit rises 90.9% yr/yr to RMB116.1 mln, driven by cost optimization
• Net income for Q3 2025 increases 232.8% yr/yr, reaching RMB11.3 mln

Outlook

• Company aims to optimize resource allocation and enhance operational efficiency
• DouYu plans to bolster financial resilience amid challenging market conditions
• Company focuses on sustainable development capabilities to create long-term value

Result Drivers

• CONTENT ENHANCEMENT - DouYu upgraded its content ecosystem with enriched premium offerings and AI-powered features, contributing to improved user engagement
• COST OPTIMIZATION - Significant reduction in content and bandwidth costs drove gross profit increase
• OPERATIONAL EFFICIENCY - Improved operational efficiency and optimized costs contributed to profitability

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 RMB

Revenue 899.10

mln

Q3 RMB

Adjusted 23.10

Net mln

Income

Q3 Net RMB

Income 11.30

mln

Q3 Gross RMB

Profit 116.10

mln

Analyst Coverage

• The current average analyst rating on the shares is “hold” and the breakdown of recommendations is no “strong buy” or “buy”, 3 “hold” and no “sell” or “strong sell”
• The average consensus recommendation for the online services peer group is “buy.”
• Wall Street’s median 12-month price target for Douyu International Holdings Ltd is $7.50, about 6.9% above its November 19 closing price of $6.98
• The stock recently traded at 25 times the next 12-month earnings vs. a P/E of 49 three months ago

Press Release: For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact . (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)