Earnings release
Page 1
✓ DOUYU Exhibit 99.1 Dou Yu International Holdings Limited Reports Second Quarter 2026 Unaudited Financial Results WUHAN , China , August 20 , 2026 / GLOBE NEWSWIRE / -- 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 second quarter ended June 30 , 2026 . Second Quarter 2026 Financial Highlights Total net revenues in the second quarter of 2026 were RMB981.1 million ( US $ 144.6 million ) , compared with RMB1,053.9 million in the same period of 2025 . Gross profit in the second quarter of 2026 was RMB159.0 million ( US $ 23.4 million ) , compared with RMB141.9 million in the same period of 2025 . Loss from operations in the second quarter of 2026 was RMB21.3 million ( US $ 3.1 million ) , compared with income from operations of RMB14.2 million in the same period of 2025 . Net loss in the second quarter of 2026 was RMB72.4 million ( US $ 10.7 million ) , compared with net income of RMB37.8 million in the same period of 2025 . Adjusted net loss ( non - GAAP ) ¹ in the second quarter of 2026 was RMB13.5 million ( US $ 2.0 million ) , compared with adjusted net income ( non - GAAP ) of RMB25.3 million in the same period of 2025 . Ms. Simin Ren , Chief Executive Officer of DouYu , commented , " In the second quarter , despite a challenging external environment , we made steady progress across several fronts . Livestreaming revenues returned to sequential growth , while user engagement improved , underscoring the resilience of our core livestreaming ecosystem . Our innovative business , advertising and other revenues continued to grow , reflecting sustained momentum in our revenue diversification efforts . During the quarter , we successfully hosted the DouYu Carnival , which has provided initial validation of the long - term value of our proprietary IPs in strengthening our streamer portfolio , boosting brand awareness and deepening our collaboration with game studios . Going forward , we expect to maintain a focused and disciplined approach to investment , while continuing to improve the quality , cost efficiency and monetization of our events and content offerings . Through these efforts , we aim to further strengthen our livestreaming business and support healthy and sustainable growth across our platform . " Mr. Hao Cao , Vice President of DouYu , commented , " In the second quarter , our total net revenues grew 19.4 % quarter - over - quarter , and the year - over - year decline continued to narrow . Driven by the optimization of our revenue mix and improved cost efficiency , gross profit increased by 12.0 % year - over - year and gross margin improved to 16.2 % . At the same time , concentrated spending on major brand and content events elevated operating expenses during the quarter . Moving forward , we expect to continue to invest with discipline , supporting the development of our core content ecosystem and innovative businesses while continuously improving our operating quality and financial resilience to drive improvement in profitability . " 1 " Adjusted net loss ( non - GAAP ) ” is defined as net loss excluding share of loss ( income ) in equity method investments and impairment losses and fair value adjustments 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 .