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.

November 20, 2024
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