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Live-Streaming Platform Douyu Sees Its Net Revenue Hit $3.4 Billion

August 13, 2019 5:20 pm

BEIJING (PingWest) - Live-Streaming platform Douyu announced its first financial report for Q2 2019 after its Nasdaq debut on July 17, 2019.

Total net revenues for the second quarter of 2019 increased by 133.2% to RMB 1,872.7 million ($272.8 million) from RMB 802.9 million in the same period of 2018.

Net income was RMB 23.2 million ($3.4 million) for the second quarter of 2019, compared with net loss of RMB 228.7 million in the same period of 2018, implying a net margin of 1.2%, compared with a net loss margin of 28.5% in the same period of 2018.