- China’s game-centric live streaming platform DouYu International Holdings Limited (NASDAQ: DOYU) reported a first-quarter FY23 revenue decline of 17.4% to $216 million year-on-year, beating the consensus of $200.2 million.
- Segments: DouYu’s Livestreaming revenues decreased by 20.7% Y/Y to $199.3 million due to prudent operating strategies in anticipation of a tightening regulatory environment.
- Advertising and other revenues increased by 66.6% Y/Y to $16.6 million, primarily attributable to the increase in other revenues contributed by game-specific membership services.
- Gross margin declined by 170 bps to 11.9% due to the revenue decline.
- Adjusted EPS per ADS of $0.01 beat the consensus of $0.00.
- DouYu held $960.6 million in cash and equivalents.
- Drivers: DouYu’s quarterly average mobile MAUs fell 8.9% Y/Y to 50.2 million. The quarterly average paying user count decreased 29.7% Y/Y to 4.5 million.
- Price Action: DOYU shares traded higher by 3% at $1.03 premarket on the last check Thursday.
IDT Late Monday Reported Q1 EPS $0.43 Up From $(0.08) YoY, Sales $321.82M Down From $370.00M YoY
IDT (NYSE:IDT) reported quarterly earnings of $0.43 per share. This is a 637.5 percent increase over losses of $(0.08) per share from the same period last year. The company reported $321.82 million in sales this
