DouYu International Holdings (DOYU) has released an update.
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DouYu International Holdings Limited, a renowned game-centric live streaming platform in China, has reported a significant drop in its first quarter 2024 financial results, with total net revenues and gross profit decreasing compared to the same period in 2023. The company experienced a net loss, contrasting with a net income last year, and faced a reduction in both mobile monthly active users and paying users. Despite these challenges, DouYu is focusing on diversifying its revenue sources and optimizing operations to ensure long-term growth.
For further insights into DOYU stock, check out TipRanks’ Stock Analysis page.