DouYu International (NASDAQ:DOYU) Releases Quarterly Earnings Results, Beats Estimates By $0.06 EPS

DouYu International (NASDAQ:DOYU) issued its earnings results on Thursday. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.06, FiscalAI reports. The company had revenue of $119.20 million for the quarter, compared to analyst estimates of $127.06 million. DouYu International had a negative net margin of 0.73% and a positive return on equity of 2.04%.

DouYu International Stock Down 0.8%

DOYU stock opened at $5.00 on Thursday. The business’s fifty day moving average is $4.83 and its 200-day moving average is $5.83. The company has a market cap of $150.90 million, a P/E ratio of -38.46 and a beta of 0.85. DouYu International has a twelve month low of $4.28 and a twelve month high of $9.34.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings lowered shares of DouYu International from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Monday, May 4th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, DouYu International presently has a consensus rating of “Sell”.

Institutional Trading of DouYu International

Institutional investors and hedge funds have recently modified their holdings of the stock. New York State Common Retirement Fund bought a new stake in shares of DouYu International in the 4th quarter valued at about $28,000. BNP Paribas Financial Markets increased its stake in shares of DouYu International by 41.5% in the 2nd quarter. BNP Paribas Financial Markets now owns 12,790 shares of the company’s stock valued at $83,000 after acquiring an additional 3,749 shares during the last quarter. Citadel Advisors LLC bought a new stake in shares of DouYu International in the 3rd quarter valued at about $283,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of DouYu International by 10.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 54,676 shares of the company’s stock valued at $408,000 after acquiring an additional 5,144 shares during the last quarter. Finally, Sei Investments Co. increased its stake in shares of DouYu International by 342.9% in the 2nd quarter. Sei Investments Co. now owns 77,188 shares of the company’s stock valued at $500,000 after acquiring an additional 59,761 shares during the last quarter. 17.86% of the stock is owned by institutional investors.

DouYu International Company Profile

DouYu International Holdings Limited, listed on NASDAQ under the ticker DOYU, is a leading Chinese live streaming service primarily focused on video game entertainment. The company’s platform connects gamers, content creators and viewers through real-time video streams, interactive chat rooms and virtual gifting features. DouYu’s service offers broadcasts of popular esports tournaments, gaming walkthroughs and user-generated live content, catering to a broad audience of gaming enthusiasts.

In addition to gaming streams, DouYu has expanded its offerings to include non-gaming content such as talent shows, lifestyle programs and professional esports events, enabling a diversified content mix.