Douyu's total revenue in the first quarter was 1.483 billion yuan, with a net profit of 25.8 million yuan
On May 18th, Douyu (NASDAQ: DOYU) released its unaudited financial report for the first quarter of 2023. According to the financial report, the total revenue of Douyu in Q1 2023 was 1
On May 18th, Douyu (NASDAQ: DOYU) released its unaudited financial report for the first quarter of 2023. According to the financial report, the total revenue of Douyu in Q1 2023 was 1.483 billion yuan, with a gross profit margin of 177 million yuan, corresponding to a gross profit margin of 11.9%. Under the general accounting standards of the United States, a net profit of 14.5 million yuan was achieved; Under non US GAAP, a net profit of 25.8 million yuan was achieved, turning losses into profits. Meanwhile, the Douyu MAU for the quarter was 50.2 million, with 4.5 million paid users.
Founder of Douyu CEO Chen Shaojie stated: In the first quarter of 2023, we will continue to implement the development strategy of 'a diversified content ecosystem platform centered on games', strengthen platform content construction, and enhance community interaction. This quarter, we will adjust our marketing strategy to reduce promotion and customer acquisition, and on the other hand, appropriately restore the purchase of some core copyright events. By strengthening cooperation with game manufacturers, we will create a more interactive content community platform. In the future, we will continue to focus on improving our Driven by game content and user interaction, we attach great importance to improving user quality and continuously promote the construction of a healthy and sustainable game community ecosystem. While consolidating the company's comprehensive competitiveness and leading position in the domestic game live streaming industry, we continuously explore new growth points
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