DouYu International (NASDAQ:DOYU) Announces Quarterly Earnings Results, Beats Expectations By $0.13 EPS

Key Points

• Beat estimates: DouYu reported Q EPS of $0.06 (vs. consensus -$0.07) and revenue of $131.32M (vs. $122.78M), but the company remains unprofitable with a negative net margin of 4.74% and negative ROE of 1.57%.
• Stock reaction and valuation: DOYU shares opened at $4.53 and fell about 4.6% after the report, with a market cap of $136.7M and a negative trailing PE of -5.15.
• Analyst sentiment: Coverage is bearish—Weiss Ratings reiterated a "sell (d-)," the consensus rating is "Reduce," and the average price target is $7.00.

DouYu International (NASDAQ:DOYU - Get Free Report) announced its quarterly earnings results on Wednesday. The company reported $0.06 EPS for the quarter, beating analysts' consensus estimates of ($0.07) by $0.13, FiscalAI reports. DouYu International had a negative net margin of 4.74% and a negative return on equity of 1.57%. The business had revenue of $131.32 million during the quarter, compared to analyst estimates of $122.78 million.

DouYu International Stock Down 4.6%

DOYU stock opened at $4.53 on Wednesday. The firm has a market capitalization of $136.72 million, a PE ratio of -5.15 and a beta of 0.80. The stock's 50 day moving average is $5.66 and its 200-day moving average is $6.59. DouYu International has a twelve month low of $4.28 and a twelve month high of $9.34.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a "sell (d-)" rating on shares of DouYu International in a report on Wednesday, January 21st. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Reduce" and a consensus price target of $7.00.

Hedge Funds Weigh In On DouYu International

Institutional investors have recently modified their holdings of the business. New York State Common Retirement Fund purchased a new position in shares of DouYu International in the fourth quarter worth about $28,000. BNP Paribas Financial Markets increased its position in shares of DouYu International by 41.5% in the second quarter. BNP Paribas Financial Markets now owns 12,790 shares of the company's stock worth $83,000 after purchasing an additional 3,749 shares during the last quarter. Citadel Advisors LLC bought a new position in shares of DouYu International in the 3rd quarter worth $283,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in DouYu International by 10.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 54,676 shares of the company's stock valued at $408,000 after acquiring an additional 5,144 shares during the last quarter. Finally, Sei Investments Co. increased its position in shares of DouYu International by 342.9% during the 2nd quarter. Sei Investments Co. now owns 77,188 shares of the company's stock valued at $500,000 after purchasing an additional 59,761 shares during the last quarter. 17.86% of the stock is owned by institutional investors.

DouYu International Company Profile

DouYu International Holdings Limited, listed on NASDAQ under the ticker DOYU, is a leading Chinese live streaming service primarily focused on video game entertainment. The company's platform connects gamers, content creators and viewers through real-time video streams, interactive chat rooms and virtual gifting features. DouYu's service offers broadcasts of popular esports tournaments, gaming walkthroughs and user-generated live content, catering to a broad audience of gaming enthusiasts.

In addition to gaming streams, DouYu has expanded its offerings to include non-gaming content such as talent shows, lifestyle programs and professional esports events, enabling a diversified content mix.

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