DOYU vs HUYA
DouYu International Holdings Ltd. and Huya Inc., side by side — 9 fiscal years reported in CNY, drawn from SEC filings.
Most recent reported year
| Metric | DOYU | HUYA |
|---|---|---|
| Revenue | CNY 3.8B | CNY 6.5B |
| Net income | CNY -29.1M | CNY -112.6M |
| Gross margin | 12.8% | 13.4% |
| Net margin | −0.8% | −1.7% |
| Return on equity | −0.9% | −1.8% |
| Diluted EPS | −CNY 0.96 | −CNY 0.49 |
| Dividend / share | · | · |
| Payout ratio | −7395.6% | −2138.6% |
| Free cash flow | CNY -52.5M | CNY -344.0M |
| Equity | CNY 2.0B | CNY 4.9B |
| Net debt / equity | · | · |
| Current ratio | 2.33× | 2.84× |
| Revenue CAGR 5y | −16.8% | −9.8% |
| Profit CAGR 5y | · | · |
HUYA bills 1.7× the revenue of DOYU, and both closed the last reported year at a loss.
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
9 years side by side
| Fiscal year | DOYU | HUYA |
|---|---|---|
| FY2025 | CNY 3.8B | CNY 6.5B |
| FY2024 | CNY 4.3B | CNY 6.1B |
| FY2023 | CNY 5.5B | CNY 7.0B |
| FY2022 | CNY 7.1B | CNY 9.3B |
| FY2021 | CNY 9.2B | CNY 11.4B |
| FY2020 | CNY 9.6B | CNY 10.9B |
| FY2019 | CNY 7.3B | CNY 8.4B |
| FY2018 | CNY 3.7B | CNY 4.7B |
| FY2017 | CNY 1.9B | CNY 2.2B |
Bottom line
| Fiscal year | DOYU | HUYA |
|---|---|---|
| FY2025 | CNY -29.1M | CNY -112.6M |
| FY2024 | CNY -306.8M | CNY -48.0M |
| FY2023 | CNY 35.5M | CNY -204.5M |
| FY2022 | CNY -75.4M | CNY -547.7M |
| FY2021 | CNY -581.9M | CNY 583.5M |
| FY2020 | CNY 485.5M | CNY 884.2M |
| FY2019 | CNY 39.8M | CNY 468.2M |
| FY2018 | CNY -876.3M | CNY -1.9B |
| FY2017 | CNY -612.9M | CNY -81.0M |
9 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −CNY 2,683,548,321 | HUYA |
| FY2024 | −CNY 1,808,289,544 | HUYA |
| FY2023 | −CNY 1,463,923,443 | HUYA |
| FY2022 | −CNY 2,156,112,648 | HUYA |
| FY2021 | −CNY 2,186,115,240 | HUYA |
| FY2020 | −CNY 1,312,500,063 | HUYA |
| FY2019 | −CNY 1,091,270,747 | HUYA |
| FY2018 | −CNY 1,009,056,874 | HUYA |
| FY2017 | −CNY 299,098,999 | HUYA |
HUYA has reported the higher revenue in every one of these 9 fiscal years. The gap has widened since the earliest year compared.
9 of 10 comparable fiscal years — a year missing data on either side is not counted.
9 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +1.0 pp | DOYU |
| FY2024 | −6.4 pp | HUYA |
| FY2023 | +3.6 pp | DOYU |
| FY2022 | +4.6 pp | DOYU |
| FY2021 | −11.9 pp | HUYA |
| FY2020 | −3.9 pp | HUYA |
| FY2019 | −5.1 pp | HUYA |
| FY2018 | +17.6 pp | DOYU |
| FY2017 | −28.8 pp | HUYA |
The higher net margin has changed hands between DOYU and HUYA over this period.
9 of 10 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
HUYA's net margin has been more volatile than DOYU's over the 9 comparable fiscal years — 14.0 percentage points of standard deviation against 11.8.
9 of 10 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between DOYU and HUYA over these 9 fiscal years — DOYU led in 4 and HUYA in 5.
9 of 10 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
HUYA's return on equity has been more volatile than DOYU's over the 6 comparable fiscal years — 5.0 percentage points of standard deviation against 4.9.
6 of 8 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in return on equity changed hands between DOYU and HUYA over these 6 fiscal years — DOYU led in 3 and HUYA in 3.
6 of 8 comparable fiscal years — a year missing data on either side is not counted.