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DouYu International Holdings Ltd (DOYU)
NASDAQ:DOYU
RESEARCH TOOLSreports
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DouYu International Holdings
(NASDAQ:DOYU)56Neutral
DouYu International Holdings (DOYU) vs. S&P 500 (SPY)
Market Cap
$246.87M
Dividend YieldN/A
Average Volume (3M)294.89K
Price to Earnings (P/E)―
Beta (1Y)2.56
Revenue Growth-26.72%
EPS Growth-236.96%
CountryUS
Employees1,336
SectorCommunication Services
Sector Strength85
IndustryInteractive Multi-Media
Share Statistics
EPS (TTM)-0.86
Shares Outstanding31,635,574
10 Day Avg. Volume423,561
30 Day Avg. Volume294,892
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)0.32
Price to Cash Flow (P/CF)N/A
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$5.90Price Target Upside-21.96% Downside
Rating ConsensusModerate Sell
Number of Analyst Covering0
DouYu International Holdings Business Overview & Revenue Model
Company DescriptionDouYu International Holdings (DOYU) is a leading game-centric live streaming platform in China. The company operates in the entertainment and media sector, offering a comprehensive digital platform for interactive live streaming services. DouYu primarily focuses on video game live streaming but also includes other entertainment content like sports, variety shows, and outdoor activities. It aims to connect broadcasters and viewers, creating a vibrant community where users can view, interact, and engage with diverse content.
How the Company Makes MoneyDouYu makes money primarily through live streaming services, with revenue streams stemming from virtual gifting, advertising, and subscription services. The largest portion of revenue is generated from virtual gifts where viewers purchase virtual items to send to their favorite streamers, enhancing interaction and engagement on the platform. The company also earns through advertising services, allowing brands to reach a large audience through banner ads, pop-up ads, and sponsored content. Additionally, DouYu has subscription services where users pay for premium content and exclusive privileges. Strategic partnerships with gaming companies and esports organizations further bolster its content offerings, attracting more users and increasing monetization opportunities.
DouYu International Holdings Financial Statement Overview
Summary
DouYu International Holdings is facing significant operational challenges with declining revenues and profitability, as reflected in its income statement. The balance sheet remains strong with low leverage and a solid equity position, providing a cushion against financial instability. However, cash flow issues highlight potential liquidity concerns. Overall, the company needs to address its operational inefficiencies to improve its financial health.Income Statement
DouYu International Holdings has experienced declining revenues and profitability over the years, with a negative EBIT and EBITDA indicating operational challenges. The gross profit margin has decreased from prior years, and the net profit margin is low, reflecting the company's struggle to convert revenue into profit. The revenue growth rate is negative, indicating a contraction in business operations.45
Neutral
Balance Sheet
The company maintains a strong equity base with a high equity ratio, and low debt levels compared to equity provide financial stability. The debt-to-equity ratio is very low, indicating minimal financial leverage, which reduces financial risk. However, the return on equity has been volatile, reflecting inconsistent profitability.75
Positive
Cash Flow
Cash flows have been negative, particularly operating cash flow, which is a concern for sustainability. The free cash flow has also been negative, indicating a potential liquidity issue. However, the company has managed to reduce its capital expenditures, which could improve future cash flow.50
Neutral
| Breakdown | |||||
| TTM | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 4.73B | 5.53B | 7.11B | 9.17B | 9.60B | 7.28B | Gross Profit |
| 511.89M | 684.03M | 990.11M | 1.09B | 1.56B | 1.20B | EBIT |
| -415.75M | -164.04M | -198.88M | -648.66M | 127.62M | -131.67M | EBITDA |
| -341.61M | -53.23M | -109.87M | -559.92M | 238.53M | -41.50M | Net Income Common Stockholders |
| -122.97M | 35.52M | -152.81M | -338.79M | 762.17M | 321.02M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 6.16B | 6.16B | 6.55B | 6.53B | 7.51B | 8.09B | Total Assets |
| 8.07B | 8.07B | 8.15B | 8.16B | 8.91B | 9.10B | Total Debt |
| 21.47M | 21.47M | 47.05M | 61.70M | 53.23M | 0.00 | Net Debt |
| -4.42B | -4.42B | -3.99B | -4.39B | -5.23B | -8.09B | Total Liabilities |
| 1.38B | 1.38B | 1.58B | 1.90B | 1.93B | 1.84B | Stockholders Equity |
| 6.69B | 6.69B | 6.56B | 6.33B | 6.94B | 7.24B |
| Cash Flow | Free Cash Flow | ||||
| 0.00 | -63.99M | -630.38M | -708.76M | 585.29M | 691.23M | Operating Cash Flow |
| 0.00 | -47.69M | -464.79M | -586.26M | 667.65M | 813.18M | Investing Cash Flow |
| 0.00 | 414.18M | -4.17B | -19.13M | -2.61B | -246.30M | Financing Cash Flow |
| 0.00 | -965.00 | -746.64M | -107.15M | -479.19M | 1.90B |
DouYu International Holdings Technical Analysis
Positive
7.56
Price Trends
5.80
Positive
4.95
Positive
3.95
Positive
Market Momentum
0.47
Negative
65.83
Neutral
85.54
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DOYU, the sentiment is Positive. The current price of 7.56 is above the 20-day moving average (MA) of 6.71, above the 50-day MA of 5.80, and above the 200-day MA of 3.95, indicating a bullish trend. The MACD of 0.47 indicates Negative momentum. The RSI at 65.83 is Neutral, neither overbought nor oversold. The STOCH value of 85.54 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for DOYU.
DouYu International Holdings Risk Analysis
DouYu International Holdings disclosed 101 risk factors in its most recent earnings report. DouYu International Holdings reported the most risks in the “Finance & Corporate” category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
DouYu International Holdings Peers Comparison
Overall Rating
UnderperformOutperform
Sector (59)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | $66.07B | 15.97 | 22.60% | 2.39% | 0.23% | -0.09% | |
72 Outperform | $2.71B | 15.25 | 3.99% | ― | -1.94% | ― | |
69 Neutral | $2.23B | 21.19 | 6.01% | ― | -9.84% | -61.26% | |
60 Neutral | $9.41B | ― | -9.43% | ― | 11.73% | 47.68% | |
59 Neutral | $30.54B | 0.25 | -13.23% | 4.04% | 2.36% | -49.53% | |
58 Neutral | $930.47M | ― | -1.59% | ― | -20.51% | 67.41% | |
56 Neutral | $246.87M | ― | -3.51% | ― | -26.72% | -236.96% |
* Communication Services Sector Average
Performance Comparison
DOYU
DouYu International Holdings
7.56
6.14
432.39%
NTES
NetEase
102.78
-0.76
-0.73%
YY
JOYY
48.84
18.96
63.45%
BILI
Bilibili
24.10
11.49
91.12%
IQ
Iqiyi
2.35
-1.72
-42.26%
HUYA
Huya
4.07
0.94
30.03%
DouYu International Holdings Earnings Call Summary
Earnings Call Date: Nov 20, 2024 | % Change Since: 98.43% | Next Earnings Date: Mar 14, 2025
Earnings Call Sentiment Neutral
The earnings call presented a mix of positive and negative outcomes. While there was notable growth in innovative business and some successful cost reduction measures, significant challenges were evident, such as a decline in mobile MAUs and live streaming revenues. The overall revenue and income figures showed a downturn, but there were positive steps toward revenue diversification with game props.Highlights
Innovative Business Growth
Innovative business, advertising, and other revenues increased significantly by 49.4% to RMB 311 million, contributing 29.3% of total revenue.
Quarterly Revenue Increase
Total net revenues increased by 3% quarter-over-quarter, marking the first sequential growth in the past 8 quarters.
Cost Reduction Measures
Cost of revenues decreased by 14.1% to RMB 1 billion, with a significant reduction in bandwidth costs by 32%.
Game Prop Commercialization Success
Successful strategies in game prop sales have established the platform as a preferred choice for game prop purchases.
Lowlights
Decline in Mobile MAUs
Mobile MAUs decreased by 18.6% year-over-year due to increased competition from short video platforms.
Decrease in Live Streaming Revenue
Live streaming revenues decreased by 34.7% year-over-year to RMB 0.75 billion.
Net Revenue Decline
Total net revenues decreased by 21.8% year-over-year to RMB 1.06 billion.
Net Income and Gross Profit Decline
Net income decreased to RMB 3.4 million from RMB 76.4 million, and gross profit declined to RMB 60.8 million from RMB 192.4 million year-over-year.
Company Guidance
During DouYu's Q3 2024 earnings call, the company provided guidance on several key metrics and strategic initiatives. The platform reported a decrease in mobile monthly active users (MAUs) to 42.1 million, a drop of 18.6% year-over-year, attributed to increased competition from short video platforms. Despite this, DouYu focused on maintaining stable engagement patterns among its core users. The company broadcasted nearly 30 large-scale official tournaments and 80 self-produced eSports tournaments to enhance content offerings. Financially, DouYu saw a 21.8% year-over-year decline in total net revenues, amounting to RMB 1.06 billion, but achieved a 3% sequential growth, marking its first increase in eight quarters. The number of paying users was 3.4 million, with a quarterly average revenue per user (ARPU) of RMB 237. Cost control measures resulted in a 23% reduction in operating expenses year-over-year. Looking ahead, DouYu remains committed to diversifying revenue streams and optimizing costs, aiming for sustainable long-term growth.Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.