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Stock impact report

DouYu International Holdings Limited Reports First Quarter 2020 Unaudited Financial Results

DouYu International Holdings Limited - American Depositary Shares (DOYU) 
Last douyu international holdings limited - american depositary shares earnings: 3/19 02:00 am Check Earnings Report
Company Research Source: PR Newswire
WUHAN, China, May 26, 2020 /PRNewswire/ -- DouYu International Holdings Limited ("DouYu" or the "Company") (Nasdaq: DOYU), a leading game-centric live streaming platform in China and a pioneer in the eSports value chain, today announced its unaudited financial results for the first quarter ended March 31, 2020.First Quarter 2020 Financial and Operational HighlightsTotal net revenues for the first quarter of 2020 increased by 53.0% to RMB2,278.0 million (US$321.1 million) from RMB1,489.1 million in the same period of 2019. Gross profit in the first quarter of 2020 increased by 139.2% to RMB 485.9 million (US$68.5 million) from RMB203.1 million in the same period of 2019, implying a gross margin of 21.3% in the first quarter of 2020, compared with 13.6 % in the same period of 2019. Net income in the first quarter of 2020 was RMB254.5 million (US$35.9 million), compared with RMB18.2 million in the same period of 2019, implying a net margin of 11.2%, compared with 1.2% in the same period Show less Read more
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