DouYu International Holdings Limited Reports Third Quarter 2019 Unaudited Financial Results
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DouYu International Holdings Limited (DOYU) Misses Q3 EPS by 16c
November 27, 2019 5:47 AM ESTDouYu International Holdings Limited (NASDAQ: DOYU) reported Q3 EPS of $0.04, $0.16 worse than the analyst estimate of $0.20. Revenue for the quarter came in at $261 million.
Third Quarter 2019 Financial Results
Total net revenues for the third quarter of 2019 increased by 81.3% to RMB1,858.5 million (US$261.0 million) from RMB1,024.8 million in the same period of 2018, primarily due to the increase in live streaming revenues.Live streaming revenues increased by 83.0% to RMB1,662.4 million (US$233.4 million) in the third quarter of 2019 from RMB908.4 million in the same period of 2018, primarily driven by increases both in the... More