Producer: Bullet Finance.
On December 8, it was reported that Douyu, a U.S.-listed company, released its financial report for the third quarter ended September 30 this year on December 7.
This is the company's founder and CEO Chen Shaojie's first release of the company's earnings report after being arrested on November 16.
According to the financial report, Douyu achieved operating income of 13 in the third quarter of this year5.9 billion yuan, compared with 17.7 billion yuan in the same period last year9.8 billion yuan, a year-on-year decrease of 2442%。Among them, the live broadcast revenue was 115.1 billion yuan, down 32 percent year-on-year5%, the decline was mainly due to a weak macroeconomic environment, which led to a decrease in the average number of paying subscribers in the quarterThe Company's advertising and other revenues were 20.8 billion yuan, a year-on-year increase of 1232%。
The gross profit of Betta in the third quarter was 192.4 billion yuan, down 2341%, the net profit attributable to the parent company was 76.38 million yuan, and the net profit in the same period last year was -29710,000 yuan, a year-on-year increase of 267075% to turn losses into profits. Since the fourth quarter of 2022, Douyu has achieved positive net profit for 4 consecutive quarters.
In the third quarter of this year, Douyu's average mobile monthly active users were 51.7 million, compared to 57.1 million in the same period in 2022. The average number of paying subscribers was 3.9 million, compared to 5.6 million in the same period in 2022, both of which declined.
Betta's sales and marketing expenses increased from $1 in the third quarter of 202262.1 billion yuan, down 445% to 90 million yuan in the third quarter of this year. This is mainly due to a decrease in user acquisition marketing expenses.
R&D expenses for the same period were 74.5 million yuan, a decrease of 117%。The decrease is mainly attributable to lower personnel-related costs.
In the first three quarters of this year, Douyu's total revenue was 423.4 billion yuan, down 2198%, and the net profit attributable to the parent company was 97.74 million yuan, a year-on-year increase of 18095%。
As of September 30, 2023, Douyu's cash and cash equivalents, restricted cash, and short- and long-term bank deposits were 713.9 billion yuan, and the figure at the end of 2022 was 680.9 billion yuan.
Originally, Douyu CEO Chen Shaojie was supposed to make a summary and analysis in the financial report, but after he was arrested, Douyu's interim management committee analyzed the financial report. They said that in the third quarter of 2023, the company actively implemented and optimized its growth strategy, and continued its stable marketing strategy in this quarter, combined with newly launched games, strengthened the development of game promotion and game cooperation with manufacturers, and continuously optimized the user experience through high-quality game content and efficient operations.
After the release of Douyu's financial report, the company's stock price once appeared sharply after the opening on the evening of December 7, with an increase of 125%。However, the company eventually opened higher and went lower to 278% gain**, with a current share price of 0$74 shares, corresponding to a total market capitalization of 2$36.6 billion.
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