DouYu International Holdings Limited Reports First Quarter 2020 Unaudited Financial Results
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DouYu International Holdings Limited (DOYU) Tops Q1 EPS by 5c, Revenues Beat
May 26, 2020 5:50 AM EDTDouYu International Holdings Limited (NASDAQ: DOYU) reported Q1 EPS of $0.13, $0.05 better than the analyst estimate of $0.08. Revenue for the quarter came in at $321.1 million versus the consensus estimate of $296.57 million.
First Quarter 2020 Financial and Operational Highlights
Total net revenues for the first quarter of 2020 increased by 53.0% to RMB2,278.0 million (US$321.1 million) from RMB1,489.1 million in the same period of 2019.Gross profit in the first quarter of 2020 increased by 139.2% to RMB 485.9 million (US$68.5 million) from RMB203.1 million in the same period of 2019, implying a gross margin of 21.3% in the first quarter... More