DouYu Reports Decline in 2023 Revenues

Douyu International Holdings (DOYU) has released an update.

DouYu International Holdings, renowned for its game-centric live streaming platform in China, has reported a decrease in both quarterly and annual revenues for 2023 compared to 2022, with a particularly sharp decline in livestreaming revenue. Despite this, the company achieved a net profit for the full year and remains focused on long-term growth strategies, including enhancing their commercialization capabilities and optimizing costs. DouYu’s management emphasizes their commitment to product innovation and content upgrades to maintain market leadership in the live streaming industry.

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