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Jun 30
Douyu Q2 2025 Earnings Report
DouYu reported a return to profitability in Q2 2025 with increased gross profit and strong performance in its innovative business segment.
Key Takeaways
DouYu achieved a net income of $5.3 million in Q2 2025, driven by a 96.8% YoY surge in revenue from its innovative business, advertising, and other segment. Cost-cutting measures and improved margins contributed to a positive quarter.
Net income reached $5.3 million, compared to a net loss of $49.2 million in Q2 2024.
Revenue from innovative business, advertising and other nearly doubled YoY, accounting for 45.2% of total revenue.
Gross margin expanded to 13.5%, supported by reductions in content and bandwidth costs.
Mobile MAUs declined to 36.4 million, reflecting fewer official tournament broadcasts and content reductions.
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 expects a more volatile and competitive second half of 2025 but is confident in executing its cost optimization and content strategy.
Positive Outlook
- Strong momentum in innovative revenue streams.
- Improved operational efficiency and cost structure.
- Healthy growth in voice-based social networking business.
- Effective monetization strategies in new business lines.
- Expanded industry collaborations boosting revenue diversification.
Challenges Ahead
- Continued decline in MAUs year-over-year.
- Reduction in content offerings may affect engagement.
- Weak macroeconomic environment impacting consumer spending.
- Increasing complexity in the livestreaming industry landscape.
- Ongoing moderation in paying user growth.
Revenue & Expenses
Visualization of income flow from segment revenue to net income