DouYu announced its unaudited financial results for the third quarter endedSeptember 30, 2021 today.
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 millionin the same period of 2020.
- Net loss in the third quarter of 2021 was RMB 143.5 million(US$22.3 million), compared with a net income of RMB59.6 million in the same period of 2020.
- Adjusted net loss in the third quarter of 2021 was RMB72.7 million (US$11.3 million), compared with an adjusted net income of RMB98.7 millionin the same period of 2020.
- Average mobile MAUs 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 user 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 capabilities. Looking ahead, we will keep exploring additional ways to diversify our monetization methods and generate long-term shareholder value."