DouYu International (DOYU) Q1 2026 earnings summary

Executive summary

• Achieved profitability in Q1 2026, with net income of RMB27.4 million versus a net loss of RMB79.6 million year-over-year.

• Continued focus on cost optimization and operating efficiency, supporting improved margins and profitability.

• Strategic emphasis on enhancing content ecosystem, user engagement, and brand awareness through investments in content and offline events.

Financial highlights

• Total net revenues decreased 13.2% year-over-year to RMB821.8 million.

• Gross profit rose 14.0% to RMB129.4 million, with gross margin improving to 15.7% from 12.0%.

• Income from operations was RMB22.2 million, reversing a loss of RMB26.1 million a year ago.

• Adjusted net income (non-GAAP) was RMB30.8 million, compared to an adjusted net loss of RMB20.9 million year-over-year.

• Basic and diluted net income per ADS were both RMB0.91 (US$0.13); adjusted per ADS were RMB1.02 (US$0.15).

Outlook and guidance

• Plans to bolster content supply, invest in offline events, and further develop IP portfolio to drive user engagement and long-term value.

• Continued focus on cost discipline and innovation in content and monetization expected in coming quarters.