DouYu International Holdings Limited Reports First Quarter 2026 Unaudited Financial Results
DouYu International Holdings Limited reported first-quarter 2026 revenues of RMB821.8 million (US$119.1 million), a decline from RMB947.1 million in Q1 2025, but achieved net income of RMB27.4 million (US$4.0 million) after a net loss of RMB79.6 million in the same period last year. The company cited cost efficiency measures and a focus on core content as key drivers of profitability, while noting challenges in user retention and paying user growth amid weaker consumer spending and reduced promotional activities.
DouYu International Holdings Limited, a leading game-centric live streaming platform in China, reported its unaudited financial results for the first quarter ended March 31, 2026. Total net revenues for Q1 2026 were RMB821.8 million (US$119.1 million), down from RMB947.1 million in Q1 2025, reflecting a 13.4% decline year-over-year. The company achieved a net income of RMB27.4 million (US$4.0 million) for the quarter, reversing a net loss of RMB79.6 million in Q1 2025. Gross profit increased to RMB129.4 million (US$18.8 million) from RMB113.5 million in the same period last year, while income from operations turned positive at RMB22.2 million (US$3.2 million) compared to a loss of RMB26.1 million in Q1 2025. Adjusted net income (non-GAAP) was RMB30.8 million (US$4.5 million), improving from an adjusted net loss of RMB20.9 million in Q1 2025. DouYu’s average monthly active users (MAUs) for its livestreaming platform were 44.2 million, with mobile MAUs at 22.9 million. However, the number of quarterly average paying users decreased to 2.3 million, with an average revenue per paying user (ARPPU) of RMB228. The decline in paying users was attributed to weaker consumer spending and fewer promotional activities due to operational strategy adjustments. The company’s voice-based social networking business generated RMB255.8 million in revenue for the quarter. DouYu’s leadership emphasized cost efficiency and resource allocation to core content categories as key factors in achieving profitability. Going forward, the company plans to enhance its content ecosystem, invest in offline events, and develop its IP portfolio to drive user engagement and long-term value. Looking ahead, DouYu aims to strengthen its livestreaming quality, expand marquee eSports tournaments, and improve monetization strategies. The company expects these initiatives to bolster brand awareness and platform appeal, despite challenges from the current macroeconomic environment.
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