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DouYu International reports Q3 2024 revenue down 21.8% to RMB1.06 billion, hit by livestreaming slump.
DouYu International, a leading Chinese game live streaming platform, reported a 21.8% drop in net revenues to RMB1.06 billion in Q3 2024, down from RMB1.36 billion in the same period last year.
Livestreaming revenues fell 34.7% to RMB752.1 million due to fewer paying users and lower revenue per user.
However, innovative business and advertising revenues rose 49.4% to RMB311 million, boosted by growth in voice-based social networking and game membership services.
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DouYu International informa que los ingresos del tercer trimestre de 2024 bajaron un 21,8% a 1.060 millones de RMB, afectados por la caída de la transmisión en directo.