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Stock impact report

DouYu International Holdings Limited Reports Second 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, Aug. 10, 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 second quarter and six months ended June 30, 2020Second Quarter 2020 Financial and Operational HighlightsTotal net revenues in the second quarter of 2020 increased by 33.9% to RMB2,508.2 million (US$354.4 million) from RMB1,872.7 million in the same period of 2019. Gross profit in the second quarter of 2020 increased by 73.7% to RMB522.9 million (US$73.9 million) from RMB301.1 million in the same period of 2019, implying a gross margin of 20.8% in the second quarter of 2020, compared with 16.1% in the same period of 2019. Net income in the second quarter of 2020 was RMB319.3 million (US$45.1 million), compared with RMB23.2 million in the same period of 2019, implying a net margin of 12.7%, compared with 1.2% in Show less Read more
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