DouYu has released its unaudited financial results for the first quarter of 2026. Total revenue for the quarter reached 822 million yuan. Gross profit was 129 million yuan, representing a 14% year-over-year increase. The gross margin stood at 15.7%, showing growth both year-over-year and quarter-over-quarter. The company reported an adjusted net profit of 30.8 million yuan, turning a profit compared to a loss in the same period last year.
In Q1, DouYu's diversified business segments formed a stable revenue structure. Revenue from innovative businesses, advertising, and other sources amounted to 362 million yuan, accounting for 44% of total revenue. This marks the fifth consecutive quarter where this segment has exceeded a 40% share. Within this, the advertising business showed overall recovery, with increased brand advertising and game-related placements. The game membership business also maintained steady performance. Furthermore, DouYu continued to optimize traffic distribution and resource allocation efficiency for its voice-based services. While maintaining the community ecosystem, the company enhanced profitability. Revenue from the voice social business this quarter was approximately 256 million yuan, with an average MAU of 315,600 and a monthly average paying user count of 61,500.
DouYu CEO Ren Simin stated, "In the first quarter of 2026, the company's financial capabilities continued to strengthen, and operational efficiency further improved, demonstrating solid profitability. While we continue to optimize resource allocation, we are also placing greater emphasis on the long-term development of our core content ecosystem. Over the coming quarters, the company will enrich the supply of esports events and program content, further enhancing the quality of live-streaming content and the platform's appeal to users. We believe these measures will effectively increase user engagement and create long-term value for shareholders."
Ren Simin added, "We will continue to explore and develop opportunities related to the DouYu IP matrix and drive innovation in both content and monetization. We plan to further increase investment in offline events and premier tournaments in the coming months, reflecting our ongoing commitment to brand recognition, the content ecosystem, and the live-streaming community."
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