On Thursday DouYu International Holdings Ltd (NASDAQ: DOYU) above 3.51% and ended at $7.37. The stock market capitalization arrived at $2.27B and total traded volume was 1.39M shares. During last trade, its maximum trading price was registered $7.4 and it’s the minimum trading price was noted $7.01.
DouYu International Holdings Ltd (NASDAQ: DOYU) , recently reported its unaudited financial results for the second quarter ended June 30 and first half of 2019.
Total net revenues for the second quarter of 2019 increased by 133.2% to 1,872.7M (US$272.8M) from 802.9M in the same period of 2018.
Live streaming revenues increased by 156.0% to 1,708.3M (US$248.8M) in the second quarter of 2019 from 667.3M in the same period of 2018.
Advertising and other revenues increased by 21.2% to 164.4M (US$24.0M) in the second quarter of 2019 from 135.6M in the same period of 2018.
Cost of revenues increased by 104.0% to 1,571.7M (US$228.9M) in the second quarter of 2019 from 770.3M in the same period of 2018.
Revenue sharing fees and content costs increased by 121.2% to 1,326.6M (US$193.2M) in the second quarter of 2019 from 599.8M in the same period of 2018.
Bandwidth costs increased by 15.2% to 153.3M (US$22.3M) in the second quarter of 2019 from 133.0M in the same period of 2018.
Gross profit increased by 823.8% to 301.1M (US$43.9M) in the second quarter of 2019 from 32.6M in the same period of 2018. Gross margin increased to 16.1% in the second quarter of 2019 from 4.1% in the same period of 2018.
Sales and marketing expenses increased by 17.4% to 167.8M (US$24.4M) in the second quarter of 2019 from 142.9M in the same period of 2018.
Research and development expenses remained relatively stable at 84.4M (US$12.3M) in the second quarter of 2019, contrast to 82.9M in the same period of 2018.
General and administrative expenses increased by 98.4% to 73.3M (US$10.7M) in the second quarter of 2019 from 37.0M in the same period of 2018.
Other operating income, net was 14.5M (US$2.1M) for the second quarter of 2019, contrast with 21.2M in the same period of 2018.
Operating loss was 10.0M (US$1.5M) in the second quarter of 2019, contrast with an operating loss of 209.0M in the same period of 2018.
Adjusted operating income in the second quarter of 2019, which excludes share-based compensation expenses, was 17.4M (US$2.5M) for the second quarter of 2019, contrast with an adjusted operating loss of 204.6M in the same period of 2018.
Net income was 23.2M (US$3.4M) in the second quarter of 2019, contrast with a net loss of 228.7M in the same period of 2018.
Adjusted net income in the second quarter of 2019, which excludes share-based compensation expenses, share of loss (income) in equity method investments, and impairment loss of investments, was 52.6M (US$7.7M) in the second quarter of 2019, implying an adjusted net margin of 2.8% and contrast with an adjusted net loss of 221.9M in the same period of 2018.
DouYu International Holdings Limited’s (DOYU) stock price showed weak performance of -9.12% in last seven days, switched down -18.47% in last thirty days. It has 308.64 million of outstanding shares.
