DouYu International Holdings (DOYU) has released an update.
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DouYu International Holdings reported a significant decline in revenue and profit for Q3 2024, with total net revenues dropping 21.8% from the previous year. Despite challenges in the livestreaming sector, the company saw a substantial increase in revenue from innovative business and advertising, which now makes up 29.3% of total revenue. DouYu is focusing on diversifying revenue streams and optimizing costs to maintain financial resilience and long-term growth.
For further insights into DOYU stock, check out TipRanks’ Stock Analysis page.
