DouYu reported total net revenues of RMB1,032.0 million ($142.0 million) in Q2 2024, down 25.9% YoY. The company recorded a net loss of RMB49.2 million ($6.8 million), compared with net income of RMB6.8 million in Q2 2023. Livestreaming revenues decreased 37.2% to RMB790.1 million due to macroeconomic headwinds and reduced promotional activities.The company's innovative business segment showed strong growth, with revenues increasing 80.7% to RMB242.0 million, contributing 23.4% of total revenue. Average mobile MAUs declined to 44.1 million from 50.3 million YoY, while quarterly average paying users decreased to 3.4 million from 4.0 million.DouYu completed its $20 million share repurchase program in July 2024 and announced a $300 million special cash dividend. The company maintains a strong financial position with cash and deposits of RMB6,561.3 million ($902.9 million) as of June 30, 2024, as it continues to focus on content ecosystem enhancement and commercial diversification for long-term growth.

DouYu reported total net revenues of RMB1,032.0 million ($142.0 million) in Q2 2024, down 25.9% YoY. The company recorded a net loss of RMB49.2 million ($6.8 million), compared with net income of RMB6.8 million in Q2 2023. Livestreaming revenues decreased 37.2% to RMB790.1 million due to macroeconomic headwinds and reduced promotional activities.The company's innovative business segment showed strong growth, with revenues increasing 80.7% to RMB242.0 million, contributing 23.4% of total revenue. Average mobile MAUs declined to 44.1 million from 50.3 million YoY, while quarterly average paying users decreased to 3.4 million from 4.0 million.DouYu completed its $20 million share repurchase program in July 2024 and announced a $300 million special cash dividend. The company maintains a strong financial position with cash and deposits of RMB6,561.3 million ($902.9 million) as of June 30, 2024, as it continues to focus on content ecosystem enhancement and commercial diversification for long-term growth.