DouYu International Holdings Ltd - ADR

NASDAQ:DOYU   3:59:58 PM EDT
15.06
+0.36 (+2.45%)
Other Pre-Announcement

Douyu International Holdings Sees Q3 Revenue Up 35.6% To 37.2%

Published: 10/12/2020 11:39 GMT
DouYu International Holdings Ltd (DOYU) - Sees Q3 2020 Revenue Rmb 2.52 Billion to Rmb 2.55 Billion.
Sees Q3 2020 Revenue Up 35.6 to 37.2 Percent.
Expects Its Total Net Revenue for Q3 of 2020 to Be in Range of Rmb2,520 Million to Rmb2,550 Million.
Douyu International - Expects Net Income in Q3 2020 to Decrease Significantly From Q2 2020 Due to Increased Revenue Sharing Fees and Content Cost.
Douyu International Holdings - Primary Reason for Updated Guidance Was That Revenue Generated From Some Major Fans Events in Period Were Lower Than Expected.
Increased Revenue Sharing Fees and Content Cost Affected Its Profitability in Q3 of 2020.
Q3 Revenue View Cny 2.64 Billion -- Refinitiv Ibes Data (analyst estimates).