DOUYU EARNINGS - STOCK MOVES 5%



DouYu (DOYU) just reported Q1 earnings and although the company lost less than expected, revenue was in line with estimates which has dissapointed investors. The company is expected to start growing earning again in Q2 (forecasts as high as 700%) after a a quarter that involved heavy restructuring costs.



Revenue: $329m (+2.3% Y/Y) in-line.

Non GAAP Earnings Per Share (EPS): -$0.01 (VS -$0.08 expected)

GAAP EPS: -$0.03 (VS -$0.09 expected)

Monthly Active Users (MAU): 192 million (21% year-over-year growth)

Mobile MAU's: 59 million (4.5% year-over-year growth)


The stock is down 5% in pre-market trading at the time of this article.



To find out more on DUYU stock and why it is being called the "Twitch of China" check out my blog post by clicking HERE.




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