DouYu International Holdings (DOYU) has released an update.
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DouYu International Holdings Limited, a leading Chinese game-centric live streaming platform, reported a significant decrease in revenue and net loss in Q2 2024 compared to the same period in 2023. Despite a decline in livestreaming revenues due to macroeconomic challenges, the company saw an 80.7% increase in revenues from innovative business and advertising. DouYu remains focused on strategic initiatives and operational adaptations for long-term growth, including a recently completed US$20 million share repurchase program and a US$300 million special cash dividend.
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