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 livestreamers Huya Inc. (NYSE:HUYA) and DouYu 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...