Loading...
•
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
Revenue by Segment
Livestreaming Revenue
CapyFin.comInnovative & Other Revenue
CapyFin.comRevenue by Geographic Location
China Revenue
CapyFin.com 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