DouYu Q2 Earnings: Misses Revenue Estimates, Livestreaming Struggles & More

DouYu International Holdings Limited (NASDAQ: DOYU) reported a fiscal second-quarter revenue decline of 25.9% to $142.01 million year-on-year, missing the analyst consensus estimate of $186.96 million.

The Chinese game-centric live streaming platform's adjusted earnings per ADS loss of $(0.20) compared to $0.30 Y/Y.

Segments: DouYu's Livestreaming revenues decreased by 37.2% Y/Y to $108.7 million as the soft macroeconomic environment prompted product ...