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DouYu International Holdings Ltd (DOYU) disclosed that Gao Jie Jeff, who serves as a director and Vice President, has filed an initial statement of beneficial ownership of securities. The filing reports no transactions and does not list any holdings or derivative positions at this time.
DouYu International Holdings Limited (DOYU) reported unaudited results for the quarter ended June 30, 2026, showing weaker year-over-year profitability but improved margins and sequential revenue growth. Total net revenues were RMB981.1 million (US$144.6 million), down 6.9% year-over-year, though management noted a 19.4% quarter-over-quarter increase. Livestreaming revenues fell 13.0% to RMB503.0 million, while innovative business, advertising and other revenues edged up 0.4% to RMB478.1 million.
Cost control supported profitability at the gross level: gross profit rose 12.0% to RMB159.0 million, and gross margin improved to 16.2% from 13.5%, helped by a 14.2% reduction in revenue-sharing fees and content costs and lower bandwidth expenses. However, heavy branding and promotional spending drove sales and marketing expenses up 102.6% to RMB124.8 million, contributing to a swing from operating income of RMB14.2 million to an operating loss of RMB21.3 million.
Net income turned to a RMB72.4 million loss (US$10.7 million) from net income of RMB37.8 million a year earlier, partly influenced by losses in equity method investments. Adjusted net loss (non-GAAP) was RMB13.5 million, versus adjusted net income of RMB25.3 million in the prior-year quarter. Liquidity remained strong, with cash, restricted cash and bank deposits totaling RMB2,365.6 million (US$348.7 million) as of June 30, 2026, slightly higher than year-end 2025.
DouYu International Holdings Limited announced leadership changes. Ms. Simin Ren, previously Co-Chief Executive Officer, has been appointed sole Chief Executive Officer effective August 7, 2026, and will also serve as Chairperson of the board as well as Chairperson and member of both the Compensation Committee and the Nominating and Corporate Governance Committee. Mr. Jie Gao has been named Vice President of Investment effective August 7, 2026 and joined the board as a director effective August 6, 2026. Mr. Shaojie Chen voluntarily resigned as Chief Executive Officer and director for personal reasons, effective August 6, 2026, without any dispute or disagreement with the company. DouYu states that business operations remain normal and it does not expect the management changes to have a material adverse effect on its business or results of operations.
DouYu International Holdings Limited reported unaudited first quarter 2026 results showing a return to solid profitability despite lower revenue. Net revenues were RMB821.8 million, down 13.2% from a year earlier, mainly due to weaker livestreaming demand and fewer promotional activities.
Cost controls were effective: gross profit rose to RMB129.4 million and gross margin improved to 15.7%. Income from operations reached RMB22.2 million versus a prior-year operating loss, and net income was RMB27.4 million compared with a net loss a year ago. Adjusted net income was RMB30.8 million. The company ended the quarter with RMB2,254.9 million in cash, restricted cash and bank deposits, and reported 44.2 million average MAUs on its main livestreaming platform.
DouYu International Holdings Ltd ownership update: Morgan Stanley and Morgan Stanley Capital Services LLC report beneficial ownership of 1,194,550 shares representing 4.0% of the class as shown on the cover page dated 03/31/2026. The filing states both entities have "ceased to be the beneficial owner of more than five percent of the class of securities."
DouYu International Holdings Limited, a Cayman Islands holding company, explains that it operates in China mainly through PRC subsidiaries and variable interest entities Wuhan Douyu and Wuhan Ouyue. The VIEs generated about 99% of net revenues in 2023, 2024 and 2025 and held 42% of consolidated total assets as of December 31, 2025.
The filing details the contractual framework giving Douyu economic benefits and control over the VIEs, while stressing that PRC law bars direct foreign ownership in key internet and telecom businesses. It highlights significant regulatory, cybersecurity, data, capital‑controls and HFCAA delisting risks that could materially affect operations and ADS value.
DouYu International Holdings Limited reported sharply improved profitability for the fourth quarter and full year 2025, despite lower revenue. Fourth-quarter net revenues were RMB918.8 million, down from RMB1,136.0 million a year earlier, but gross profit rose to RMB118.0 million as cost of revenues fell significantly. The company swung from a loss from operations of RMB192.9 million in the prior-year quarter to income from operations of RMB4.7 million, with net income of RMB1.4 million.
For full-year 2025, net revenues were RMB3,818.9 million versus RMB4,270.8 million in 2024, reflecting pressure on the core live streaming business. However, gross profit increased to RMB489.5 million and net loss narrowed to RMB29.1 million from RMB306.8 million. Adjusted net income (non-GAAP) turned positive at RMB40.2 million, compared with an adjusted net loss of RMB249.2 million in 2024. Management highlighted revenue diversification, particularly in innovative business, advertising and other revenues, and tighter cost control as drivers of higher gross margin and improved earnings.
DouYu International Holdings Ltd director Yu Haiyang has filed an initial ownership report showing that he does not beneficially own any of the company’s securities. The filing lists total shares owned as zero, indicating no direct equity or derivative position reported in his name.
DouYu International Holdings Ltd director ZHOU Song filed an initial ownership report showing no holdings in the company’s securities. The Form 3 states that no securities are beneficially owned and lists zero shares owned directly after the reporting date.
DouYu International Holdings Ltd director and Chief Executive Officer Chen Shaojie has filed an initial ownership report showing indirect holdings of 5,441,948 ordinary shares. These shares are held through Warrior Ace Holding Limited, which is beneficially owned and controlled by Chen Shaojie. This filing records existing ownership and does not report any new share purchases or sales.