Stock Track | DouYu Stock Plummets 5.3% on Disappointing Q2 Results-To The Moon - Tiger Brokers Online Investing Community

Like
Comment
Favorite

Stock Track | DouYu Stock Plummets 5.3% on Disappointing Q2 Results

Stock Track09-12

Shares of DouYu International Holdings Limited (NASDAQ: DOYU), a leading Chinese game-centric live streaming platform, plunged by 5.32% on September 12, 2024, after the company reported disappointing financial results for the second quarter of 2024.

DouYu reported a 25.9% year-over-year decline in revenue to $142.01 million, missing analyst estimates of $186.96 million. The company's livestreaming revenue, which accounts for a significant portion of its total revenue, dropped by a staggering 37.2% compared to the same period last year, attributed to the soft macroeconomic environment and product discounting.

The company's user metrics also painted a gloomy picture. DouYu's average mobile monthly active users (MAUs) fell to 44.1 million in Q2 2024, down from 50.3 million in the same period of 2023. Similarly, the number of quarterly average paying users declined to 3.4 million from 4.0 million a year ago, indicating a decrease in user engagement and monetization.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment

No comments yet

Most Discussed

7x24

All

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"share":"https://ttm.financial/m/news/1160291203?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-09-12 21:37","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1160291203","market":"hk","top_or_hot":-1,"title":"Stock Track | DouYu Stock Plummets 5.3% on Disappointing Q2 Results","media":"Stock Track","content":"<p>Shares of DouYu International Holdings Limited (NASDAQ: DOYU), a leading Chinese game-centric live streaming platform, plunged by 5.32% on September 12, 2024, after the company reported disappointing financial results for the second quarter of 2024.</p>\n\n<p>DouYu reported a 25.9% year-over-year decline in revenue to $142.01 million, missing analyst estimates of $186.96 million. The company's livestreaming revenue, which accounts for a significant portion of its total revenue, dropped by a staggering 37.2% compared to the same period last year, attributed to the soft macroeconomic environment and product discounting.</p>\n\n<p>The company's user metrics also painted a gloomy picture. DouYu's average mobile monthly active users (MAUs) fell to 44.1 million in Q2 2024, down from 50.3 million in the same period of 2023. Similarly, the number of quarterly average paying users declined to 3.4 million from 4.0 million a year ago, indicating a decrease in user engagement and monetization.</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | DouYu Stock Plummets 5.3% on Disappointing Q2 Results</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | DouYu Stock Plummets 5.3% on Disappointing Q2 Results\n</h2>\n\n<h4 class=\"meta\">\n\n2024-09-12 21:37 北京时间&nbsp;&nbsp;&nbsp;<strong>Stock Track</strong>\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Shares of DouYu International Holdings Limited (NASDAQ: DOYU), a leading Chinese game-centric live streaming platform, plunged by 5.32% on September 12, 2024, after the company reported disappointing ...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"DOYU","symbol_name":"斗鱼","start_time":0,"source_url":"","article_id":"1160291203","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1160291203","pubTimestamp":1726148238,"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of DouYu International Holdings Limited , a leading Chinese game-centric live streaming platform, plunged by 5.32% on September 12, 2024, after the company reported disappointing financial results for the second quarter of 2024.DouYu reported a 25.9% year-over-year decline in revenue to $142.01 million, missing analyst estimates of $186.96 million. The company's livestreaming revenue, which accounts for a significant portion of its total revenue, dropped by a staggering 37.2% compared to ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"DOYU":"斗鱼"},"translate_title":"股票赛道斗鱼股价因第二季度业绩令人失望而暴跌5.3%","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"DOYU":1},"content_text":"Shares of DouYu International Holdings Limited (NASDAQ: DOYU), a leading Chinese game-centric live streaming platform, plunged by 5.32% on September 12, 2024, after the company reported disappointing financial results for the second quarter of 2024.\nDouYu reported a 25.9% year-over-year decline in revenue to $142.01 million, missing analyst estimates of $186.96 million. The company's livestreaming revenue, which accounts for a significant portion of its total revenue, dropped by a staggering 37.2% compared to the same period last year, attributed to the soft macroeconomic environment and product discounting.\nThe company's user metrics also painted a gloomy picture. DouYu's average mobile monthly active users (MAUs) fell to 44.1 million in Q2 2024, down from 50.3 million in the same period of 2023. Similarly, the number of quarterly average paying users declined to 3.4 million from 4.0 million a year ago, indicating a decrease in user engagement and monetization.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"hasMoreComments":false,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}