Welcome to our dedicated page for Douyu International Holdings news (Ticker: DOYU), a resource for investors and traders seeking the latest updates and insights on Douyu International Holdings stock.
DouYu International Holdings (DOYU) delivers comprehensive news coverage for China's leading game-centric live streaming platform. This resource aggregates official press releases, financial disclosures, and market developments related to DouYu's position in interactive entertainment and eSports.
Investors and industry observers will find curated updates on quarterly earnings, content partnerships, technology initiatives, and strategic expansions. Our collection emphasizes material developments affecting DouYu's live streaming operations, advertising ecosystem, and mobile platform growth.
Key updates include analyses of gaming content trends, regulatory developments impacting digital media, and DouYu's innovations in viewer engagement tools. Bookmark this page for streamlined access to verified information about the company's financial performance and competitive positioning within China's dynamic streaming landscape.
DouYu International Holdings (Nasdaq: DOYU), a leading game-centric live streaming platform in China, has announced that Nasdaq has set September 3, 2024, as the ex-dividend date for its special cash dividend. The dividend, declared on July 3, 2024, amounts to US$9.76 per ordinary share or ADS, net of a US$0.05 handling fee per ADS. This dividend exceeds 25% of the Company's ADS price, mandating a due bill period. Trades entered before September 3, 2024, but settled after the record date of August 21, 2024, will include a due bill entitling buyers to the dividend. Sellers during this period will not receive the dividend. The dividend is payable on August 30, 2024.
DouYu International Holdings (NASDAQ: DOYU), a prominent game-centric live streaming platform in China, announced a special cash dividend of US$9.76 per ordinary share or ADS. Shareholders of record as of August 21, 2024, will receive dividends totaling approximately US$300 million. Payments are scheduled for around August 30, 2024. The decision comes from DouYu's board of directors, highlighting their commitment to returning value to shareholders amidst challenging economic conditions.
DouYu International Holdings (Nasdaq: DOYU), a leading game-centric live streaming platform in China, reported its unaudited financial results for the first quarter ended March 31, 2024. Total net revenues decreased by 29.9% year-over-year to RMB1,039.7 million (US$144.0 million). Gross profit was RMB109.0 million (US$15.1 million), down from RMB176.5 million in the same period of 2023. The company recorded a net loss of RMB88.0 million (US$12.2 million), compared to net income of RMB14.5 million in the first quarter of 2023.
Key metrics showed declines, with average mobile MAUs dropping to 45.3 million from 50.2 million, and quarterly average paying users decreasing to 3.4 million from 4.5 million. Despite the challenges, advertising and other revenues increased by 109.3% to RMB238.8 million (US$33.1 million), contributing 23.0% of total revenue, up from 7.7% in the same period last year.
Additionally, DouYu renewed its strategic cooperation agreement with Tencent for another three years. The company’s cash and equivalents stood at RMB6,762.2 million (US$936.6 million) as of March 31, 2024.
DouYu International Holdings (Nasdaq: DOYU), a leading game-centric live streaming platform in China, will release its unaudited financial results for Q1 2024 on June 5, 2024, before the U.S. market opens.
The company will host a conference call at 7:00 a.m. Eastern Time (7:00 p.m. Beijing Time) to discuss these results. The earnings release and a live webcast of the call will be available on the company's investor relations website.
Listeners can access the call through various international toll-free numbers provided in the announcement. A replay of the call will be accessible until June 12, 2024.
FAQ
What is the current stock price of Douyu International Holdings (DOYU)?
What is the market cap of Douyu International Holdings (DOYU)?
