Earnings release
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白鱼 DOUYU.COM DouYu International Holdings Limited Reports First Quarter 2021 Unaudited Financial Results WUHAN , China , May 18 , 2021 / PRNewswire / -- DouYu International Holdings Limited ( " DouYu " or the " Company " ) ( Nasdaq : DOYU ) , a leading game - centric livestreaming platform in China and a pioneer in the eSports value chain , today announced its unaudited financial results for the first quarter ended March 31 , 2021 . First Quarter 2021 Financial and Operational Highlights • • • Total net revenues in the first quarter of 2021 were RMB2,152.7 million ( US $ 328.6 million ) , compared with RMB2,278.0 million in the same period of 2020 . Gross profit in the first quarter of 2021 was RMB260.2 million ( US $ 39.7 million ) , compared with RMB485.9 million in the same period of 2020 , implying a gross margin of 12.1 % in the first quarter of 2021 . Net loss in the first quarter of 2021 was RMB101.8 million ( US $ 15.5 million ) , compared with a net income of RMB254.5 million in the same period of 2020 . Adjusted net loss in the first quarter of 2021 was RMB70.7 million ( US $ 10.8 million ) , compared with an adjusted net income of RMB296.9 million in the same period of 2020 . Average MAUS in the first quarter of 2021 increased by 21.3 % to 191.9 million from 158.1 million in the same period of 2020 . • Average mobile MAUS in the first quarter of 2021 increased by 4.5 % to 59.1 million from 56.6 million in the same period of 2020 . • Quarterly average paying user count in the first quarter of 2021 was 7.0 million , compared with 7.6 million in the same period of 2020 . Mr. Shaojie Chen , Chief Executive Officer of DouYu , commented , " We are pleased to announce that we maintained steady operational growth in the first quarter of 2021 as we continued to upgrade our operational system . On a year - over - year basis , our total average MAUS increased by 21.3 % to 191.9 million while our average mobile MAUS increased by 4.5 % to 59.1 million . By continuously enriching our content library and diversifying our livestreaming , video , and community content offerings , we remain committed to developing a diversified and industry leading game - centric integrated platform . " Mr. Hao Cao , Vice President of DouYu , commented , " In the first quarter of 2021 , our total revenues were RMB2.15 billion and gross profit was RMB260.2 million , representing a gross margin of 12.1 % . During the quarter , we increased our investments in content , as we remained focused on improving our content production in both our video and community businesses . Looking ahead , we will continue to optimize the monetization capabilities and improve monetization efficiency of our platform while striving to generate more long - term value for our shareholders . " First Quarter 2021 Financial Results Total net revenues in the first quarter of 2021 were RMB2,152.7 million ( US $ 328.6 million ) , compared with RMB2,278.0 million in the same period of 2020 .