Yahoo Finance DouYu International Holdings Full Year 2023 Earnings: EPS Misses Expectations
DouYu International Holdings (NASDAQ:DOYU) Full Year 2023 Results
Key Financial Results
Revenue: CN¥5.53b (down 22% from FY 2022).
Net income: CN¥35.5m (up from CN¥75.4m loss in FY 2022).
Profit margin: 0.6% (up from net loss in FY 2022).
EPS: CN¥1.11 (up from CN¥2.36 loss in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
DouYu International Holdings EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 19%.
In the last 12 months, the only revenue segment was Live Stream Platform contributing CN¥5.53b. Notably, cost of sales worth CN¥4.85b amounted to 88% of total revenue thereby underscoring the impact on earnings. The largest operating expense was Sales & Marketing costs, amounting to CN¥351.7m (42% of total expenses). Over the last 12 months, the company's earnings were enhanced by non-operating gains of CN¥185.6m. Explore how DOYU's revenue and expenses shape its earnings.
Looking ahead, revenue is expected to decline by 7.4% p.a. on average during the next 3 years, while revenues in the Entertainment industry in the US are expected to grow by 8.0%.
Performance of the American Entertainment industry.
The company's shares are down 9.7% from a week ago.
Risk Analysis
It's still necessary to consider the ever-present spectre of investment risk. We've identified 1 warning sign with DouYu International Holdings, and understanding it should be part of your investment process.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
