Yahoo Finance DouYu International Holdings Second Quarter 2023 Earnings: Revenues Beat Expectations, EPS Lags
DouYu International Holdings (NASDAQ:DOYU) Second Quarter 2023 Results
Key Financial Results
Revenue: CN¥1.39b (down 24% from 2Q 2022).
Net income: CN¥6.85m (up from CN¥30.9m loss in 2Q 2022).
Profit margin: 0.5% (up from net loss in 2Q 2022).
EPS: CN¥0.021 (up from CN¥0.097 loss in 2Q 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
DouYu International Holdings Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 3.6%. Earnings per share (EPS) missed analyst estimates by 83%.
Looking ahead, revenue is expected to decline by 3.8% p.a. on average during the next 3 years, while revenues in the Entertainment industry in the US are expected to grow by 7.9%.
Performance of the American Entertainment industry.
The company's shares are down 7.8% from a week ago.
Risk Analysis
It is worth noting though that we have found 1 warning sign for DouYu International Holdings that you need to take into consideration.
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