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Dec 31, 2024
Douyu Q4 2024 Earnings Report
DouYu reported declining revenue and a higher net loss in Q4 2024.
Key Takeaways
DouYu's Q4 2024 revenue fell 12.3% YoY to $155.6 million due to a significant drop in livestreaming revenue. The company reported a net loss of $22.4 million, widening from a $9.4 million loss a year ago. Gross profit decreased to $9.6 million, and adjusted net loss reached $9.4 million. Cost reduction efforts were offset by lower user spending and macroeconomic headwinds.
Total revenue declined 12.3% YoY to $155.6 million.
Net loss widened to $22.4 million from $9.4 million in Q4 2023.
Adjusted EPS was -$0.31, down from -$0.16 a year ago.
Innovative business and advertising revenue grew 47.2% YoY to $55.5 million.
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 revenue declines to persist in the short term due to macroeconomic headwinds and lower user spending but aims to improve margins through cost-cutting measures and AI-driven operational efficiencies.
Positive Outlook
- Revenue from innovative business and advertising grew by 47.2% YoY.
- Company continues optimizing costs and operational efficiencies.
- User engagement initiatives aim to stabilize mobile MAUs.
- AI and automation expected to improve cost management.
- Structural cost reductions expected to improve profitability in 2025.
Challenges Ahead
- Total revenue declined 12.3% YoY, primarily due to livestreaming weakness.
- Net loss widened significantly YoY due to lower revenue and high expenses.
- Gross margin declined to 6.1%, reflecting ongoing profitability challenges.
- Paying users fell to 3.3 million from 3.7 million YoY.
- Short-term revenue expected to remain under pressure due to macroeconomic conditions.
Revenue & Expenses
Visualization of income flow from segment revenue to net income