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Mar 31
Douyu Q1 2025 Earnings Report
DouYu reported a narrowed net loss and a rise in gross profit amid ongoing cost-efficiency measures.
Key Takeaways
DouYu's Q1 2025 results showed an improved operating margin and significant cost reductions. While revenue declined year-over-year, profitability metrics improved and innovative segments grew strongly.
Total revenue was $130.5M, down from $143.3M YoY
Net loss reduced to $11.0M from $12.1M YoY
Voice-based and game membership services surged, contributing over 40% of total revenue
Gross profit rose to $15.6M with improved gross margin of 12.0%
Douyu
Douyu
Douyu Revenue by Segment
Douyu Revenue by Geographic Location
Forward Guidance
DouYu will continue its strategic focus on cost control and business diversification to improve financial resilience and long-term value.
Positive Outlook
- Continued emphasis on cost efficiency is improving profitability
- Voice-based and game membership services show strong growth
- Higher gross margins indicate better operational leverage
- Strategic reduction in low-ROI activities supports sustainability
- Improved monetization of innovative businesses
Challenges Ahead
- Overall revenue declined year-over-year
- Mobile MAUs dropped due to content cost optimization
- Paying user count decreased from operational strategy shifts
- Macroeconomic softness continues to impact consumer spending
- Adjusted net income still in the negative despite narrowing losses
Revenue & Expenses
Visualization of income flow from segment revenue to net income