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MARKETS / NASDAQ / DOYU
NASDAQ · SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC. · MID CAP

DouYu International Holdings Ltd. DOYU

9 fiscal years on record · CNY · FY2025 reported · SEC filings only
CNY 3.8B
▼ 10.6% YoY
CNY -29.1M
CNY -52.5M
In brief

What this company does

DouYu International Holdings Ltd operates a game-centric livestreaming platform in China. The platform operates through mobile apps and PC portals, through which users access game and entertainment livestreaming, video and graphic content, and community events and discussions. As of December 31, 2025, the company had 510.7 million registered users on its PC and mobile apps, compared with 503.3 million a year earlier. In 2025, livestreaming generated RMB2,177.4 million (US$311.4 million), representing 57.0% of total net revenues, mainly from the sale of virtual gifts.

Written from the business description in DouYu International Holdings Ltd's annual report to the U.S. Securities and Exchange Commission, filed 17 April 2026. Every sentence was checked against that document before publication.

Growth
CNY 3.8B
Revenue, FY2025 · full 9-year series below
Revenue CNY B Net income CNY B
FY2025 · Revenue 3.8 · Net income -0.0
4B8B201720182019202020212022202320242025
Compound annual growth
−18.7%
−16.8%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at −16.8% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
−1 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating 0.1% · Net -0.8%
2%4%-10%-20%-30%201720182019202020212022202320242025
ROE
FY2025 · ROE -0.9%
2%4%6%-5%201720182019202020212022202320242025

Each CNY of equity lost 1 cents this year.

Cash & shareholders
CNY 2.2B
returned in FY2025 · dividends + net buybacks
Free cash flow CNY M
FY2025 · FCF -52.5
400M-200M-400M201720182019202020212022202320242025
Net buybacks CNY B Dividends CNY B
FY2025 · Dividends 2.2 · Net buybacks —
0.8B1.6B202120242025

CNY 2.2B in dividends went back to shareholders in a year without profit.

Total assetsCNY 3.1B
EquityCNY 2.0B
CashCNY 1.8B
Current ratio2.33×

Equity funds 64% of total assets.

The 9-year record
9 fiscal years
Every figure from documents filed with the SEC · CNY

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 202520242023202220212020201920182017
Revenue CNY B3.84.35.57.19.29.67.33.71.9
Operating income CNY B0.0−0.6−0.2−0.2−0.60.3−0.1−0.9−0.6
EBITDA CNY B0.0−0.6−0.2−0.2−0.60.3−0.1−0.8−0.6
Income tax CNY B0.00.00.00.00.0·0.00.0·
Net income CNY B−0.0−0.30.0−0.1−0.60.50.0−0.9−0.6
Free cash flow CNY B−0.1−0.2−0.1−0.1−0.60.60.8−0.4−0.4
EPS, diluted CNY −0.96·····1.26−108.80−74.85
Dividend / sh CNY ·········
Payout %−7396−685·······
ROE %−0.9−5.60.5−1.2−8.86.81.9··
Shares out B0.030.030.030.030.030.030.030.01·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

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Provenance
Company facts, as filed
How we verify · 0 failures in 38 reconciliationsAUDITED

Reconciled in 9 of 19 fiscal years. 57 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityServices-Computer Programming, Data Processing, Etc.
Listed onNASDAQ
Incorporated inoutside the United States — SEC code E9
Fiscal year endsDecember 31
Data on record since2017

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