Earnings release
Page 1
江山 DOUYU.COM DouYu International Holdings Limited Reports Third Quarter 2021 Unaudited Financial Results WUHAN , China , November 16 , 2021 / PRNewswire / -- DouYu International Holdings Limited ( " DouYu " or the " Company " ) ( Nasdaq : DOYU ) , a leading game - centric live streaming platform in China and a pioneer in the eSports value chain , today announced its unaudited financial results for the third quarter ended September 30 , 2021 . Third Quarter 2021 Financial and Operational Highlights • • • Total net revenues in the third quarter of 2021 were RMB2,348.0 million ( US $ 364.4 million ) , compared with RMB2,546.5 million in the same period of 2020 . Gross profit in the third quarter of 2021 was RMB278.5 million ( US $ 43.2 million ) , compared with RMB369.4 million in the same period of 2020 . Net loss in the third quarter of 2021 was RMB143.5million ( US $ 22.3 million ) , compared with a net income of RMB59.6 million in the same period of 2020 . Adjusted net loss ¹in the third quarter of 2021 was RMB72.7 million ( US $ 11.3 million ) , compared with an adjusted net income of RMB98.7 million in the same period of 2020 . Average mobile MAUS² in the third quarter of 2021 increased by 3.9 % to 61.9 million from 59.6 million in the same period of 2020 . Quarterly average paying user³ count in the third quarter of 2021 was 7.2million , compared with 7.9 million in the same period of 2020 . Mr. Shaojie Chen , Chief Executive Officer of DouYu , commented , " Our core operating metrics continued to grow steadily in the third quarter of 2021 , with our quarterly average mobile MAUS increasing by 3.9 % year over year to 61.9 million . Going forward , we plan to continue expanding our game genres and enriching our content offerings . We are committed to building DouYu into an industry - leading game - centric content ecosystem by leveraging our customized marketing strategies , adaptive operating strategies , and our diverse content formats encompassing live streaming , video , texts , graphics , and social community . " Mr. Hao Cao , Vice President of DouYu , commented , " In the third quarter of 2021 , our total revenues were RMB2.35 billion . Our gross profit was RMB279 million , representing a gross margin of 11.9 % . During the quarter , we maintained our efforts in optimizing the synergy among various content in live streaming , video , texts , graphics , and social communities . We also made further investment into augmenting our proprietary content production 1 " Adjusted net loss " is calculated as net loss before share - based compensation expenses , and share of loss in equity method investments , gain on disposal of investment or subsidiaries , and impairment loss on investments . For more information , please refer to " Use of Non - GAAP Financial Measures " and " Reconciliations of GAAP and Non - GAAP Results " at the end of this press release . 2 Refers to the number of mobile devices that launched our mobile apps in a given period . Average mobile MAUS for a given period is calculated by dividing ( i ) the sum of active mobile users for each month of such period , by ( ii ) the number of months in such period . 3 " Quarterly average paying users " refers to the average paying users for each quarter during a given period of time calculated by dividing ( i ) the sum of paying users for each quarter of such period , by ( ii ) the number of quarters in such period . " Paying user " refers to a registered user that has purchased virtual gifts on our platform at least once during the relevant period . 1