DouYu Q2 2026: Revenue Misses, Swings to Net Loss on Investment Write-Down
DOYU is trading near its 52-week low of $4.28 (6.5% above the low).
Summary
DouYu's Q2 revenue fell 6.9% to RMB981.1M, missing estimates, and the company swung to a net loss of RMB72.4M due to investment losses and higher marketing spend.
Key Events · Earnings and Guidance · DOYU
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Revenue Misses Consensus
Q2 2026 total net revenues were RMB981.1 million (US$144.6 million), down 6.9% year-over-year from RMB1,053.9 million, missing the consensus estimate.
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Swings to Net Loss
Net loss was RMB72.4 million (US$10.7 million) compared with net income of RMB37.8 million a year ago, driven by a RMB54.3 million share of loss in equity method investments.
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Adjusted Loss Narrows
Adjusted net loss (non-GAAP) was RMB13.5 million (US$2.0 million), versus adjusted net income of RMB25.3 million in Q2 2025.
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Gross Margin Improves
Gross profit rose 12.0% to RMB159.0 million, with gross margin expanding to 16.2% from 13.5%, helped by lower revenue-sharing fees and content costs.
Analysis · DOYU · Technology
DouYu reported Q2 revenue of RMB981.1 million, down 6.9% year-over-year and missing consensus. The company swung to a net loss of RMB72.4 million from a profit of RMB37.8 million a year ago, driven by a RMB54.3 million share of loss in equity method investments. Adjusted net loss was RMB13.5 million. Gross margin improved to 16.2% from 13.5%, but operating expenses surged 41% due to heavy spending on the DouYu Carnival and brand events. Cash position remains strong at RMB2,365.6 million.
How filings like this one have moved
In the 30 days to Oct 1, 2026, 30.2% of the 1644 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.49%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, DOYU was trading at $4.56 on NASDAQ in the Technology sector, with a market capitalization of approximately $142.1M. The 52-week trading range was $4.28 to $8.65. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.