DouYu International Holdings Limited (DOYU) Misses Q3 EPS by 4c

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Citi Downgrades DouYu (DOYU), 'A Weaker Player In A Structurally Slower Industry'

November 21, 2022 4:49 PM EST

Citi analyst Yiwen Zhang downgraded DouYu (NASDAQ: DOYU) from Neutral to Sell with a price target of $1.10 (from $1.55).

The analyst comments "Douyu reported 3Q22 results, with revs and non-GAAP earnings largely in line. Despite 3Q22 peak season, MPU was down 1mn to 5.6mn, given fewer... More