DouYu International Holdings (NASDAQ:DOYU) Second Quarter 2024 Results

Key Financial Results

• Revenue: CN¥1.03b (down 26% from 2Q 2023).

• Net loss: CN¥49.2m (down from CN¥6.85m profit in 2Q 2023).

• CN¥1.58 loss per share (down from CN¥0.21 profit in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

DouYu International Holdings Earnings Insights

Looking ahead, revenue is expected to decline by 4.5% p.a. on average during the next 3 years, while revenues in the Entertainment industry in the US are expected to grow by 8.9%.

Performance of the American Entertainment industry.

The company's shares are down 11% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 2 warning signs for DouYu International Holdings you should be aware of, and 1 of them makes us a bit uncomfortable.

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