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Sep 30, 2025
Douyu Q3 2025 Earnings Report
DouYu reported a return to profitability in Q3 2025 with a net income of $1.6 million and improved gross margins despite declining revenue.
Key Takeaways
DouYu achieved profitability in Q3 2025, driven by significant cost optimizations and a stronger focus on operational efficiency. While revenue declined year-over-year, gross profit nearly doubled, and adjusted net income turned positive.
Net income reached $1.6 million, reversing a loss in the prior year
Adjusted net income improved to $3.3 million from a loss a year ago
Revenue fell to $126.3 million, largely due to declines in livestreaming
Gross profit rose 90.9% YoY as cost controls took effect
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
DouYu expects continued challenges due to macroeconomic headwinds but remains focused on cost efficiency, strategic content investment, and long-term value creation.
Positive Outlook
- Improved operational efficiency and cost structure
- Profitability achieved in net and operating income
- Enhanced content offerings like esports tournaments
- Successful AI-powered engagement features
- Growing sustainability in development capabilities
Challenges Ahead
- Decline in mobile MAUs and paying users
- Livestreaming revenue significantly down YoY
- Reduced user engagement due to platform adjustments
- Limited promotional activity during the quarter
- Ongoing macroeconomic and competitive pressures
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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