DouYu Shares Trade Higher Premarket On Q2 Beat

·1 min read
  • DouYu International Holdings Limited (NASDAQ: DOYUreported a second-quarter FY22 revenue decline of 21.6% to $273.7 million year-on-year, beating the consensus of 263.99 million.

  • Segments: DouYu's Livestreaming revenues decreased by 18.8% Y/Y to $264 million due to prudent operating strategies in anticipation of a tightening regulatory environment.

  • Advertising and other revenues declined by 59% Y/Y to $9.7 million due to the challenging macro environment and exploration of new commercialization models.

  • Gross margin rose by 380 bps to 16.9%.

  • Adjusted loss per ADS of $(0.01) beat the consensus loss of $(0.04).

  • DouYu held $998 million in cash and equivalents.

  • Drivers: DouYu's quarterly average mobile MAUs fell 8.2% Y/Y to 55.7 million. The quarterly average paying user count decreased 8.3% Y/Y to 6.6 million.

  • Price Action: DOYU shares traded higher by 12% at $1.40 in the premarket on the last check Monday.

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