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Huya, DouYu Flounder in First Quarter, With Worse to Come

Benzinga Real-time News ·  May 19, 2022 23:28

Key Takeaways:

  • Huya and DouYu, which were once set to merge, reported losing money and revenue declines in the first quarter
  • Both companies will continue struggling in current quarter after announcement of new restrictions on online tipping last week

By Doug Young

New quarterly results from top gaming livestreamersHuya Inc.(NYSE:HUYA) andDouYu International Holdings Ltd. (NASDAQ:DOYU) are a sea of red ink, with nearly all major metrics shrinking in the three-month period. Each company takes pains in its report to point out the one or two indicators that are still growing, even as gloom is...

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