DOYU on Nasdaq

DouYu International Holdings Ltd

DouYu International Holdings Ltd is a computer programming, data processing services company in the Cayman Islands.1 Its shares trade on Nasdaq under the symbol DOYU.1

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Last updated Oct 20, 2026.

Overview

$546.1MRevenue, fiscal 20252
-29.1MNet income, fiscal 20252

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  • TickerDOYU on Nasdaq1
  • IndustryServices-Computer Programming, Data Processing, Etc.1
  • HeadquartersE91
  • Incorporated inCayman Islands3
  • Business address20/F,Building A, New Dev, Inter.Ctr., No.473 Guanshan Avenue District, Wuhan City, Hubei Province, 4300733
  • Filer categoryAccelerated filer3

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We commenced operations and launched our livestreaming platform in 2014 with the establishment of Guangzhou Douyu. Wuhan Douyu was established in May 2015. In February 2016, Guangzhou Douyu and Wuhan Douyu entered into an asset and business transfer agreement, pursuant to which Guangzhou Douyu transferred all of its business operations and assets to Wuhan Douyu (the “2016 Wuhan Douyu Restructuring”).4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

12.8%Gross margin2
0.1%Operating margin2
-5.3%Net margin2
-6.7%Revenue growth, 20252
-10.2%Return on equity2
-$7.5MFree cash flow2

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Live Streaming Revenue brought in 57% of the revenue DouYu International Holdings Ltd broke down this way in fiscal 2025.

  1. Live Streaming Revenue2.2B CNY257%down 29% from 2024
  2. Innovative Business1.4B CNY238%up 42% from 2024
  3. Advertising and Other195.3M CNY25%up 8% from 2024
Products and services by year
Products and services202320242025
Live Streaming Revenue4.8B CNY3.1B CNY2.2B CNY
Innovative Business378.4M CNY1.0B CNY1.4B CNY
Advertising and Other731.4M CNY181.0M CNY195.3M CNY

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue87¢$476.1M
  • Research and development3¢$17.3M
  • Other costs9¢$48.6M
  • Income tax1¢$4.1M

Out of $546.1M in revenue.2 The company lost money this year.

Financial statements

Revenue56789102$546.1M in 2025−48% since 2019
0$500.0M$1.0B$1.5B2019: $1.0B$1.0B20192020: $1.5B$1.5B2020+41%2021: $1.4B$1.4B2021−2%2022: $1.0B$1.0B2022−28%2023: $778.9M$778.9M2023−24%2024: $585.1M$585.1M2024−25%2025: $546.1M$546.1M2025−7%
Gross profit56789102$70.0M in 2025−59% since 2019
0$100.0M$200.0M$300.0M2019: $171.0M$171.0M20192020: $239.1M$239.1M2020+40%2021: $171.0M$171.0M2021−28%2022: $143.6M$143.6M2022−16%2023: $96.3M$96.3M2023−33%2024: $44.4M$44.4M2024−54%2025: $70.0M$70.0M2025+58%
Operating income56789102$680.1K in 2025
-$150.0M-$100.0M-$50.0M0$50.0M2019: -$18.8M-$18.8M20192020: $40.2M$40.2M20202021: -$101.8M-$101.8M20212022: -$28.8M-$28.8M2022−72%2023: -$23.1M-$23.1M2023−20%2024: -$78.6M-$78.6M2024+240%2025: $680.1K$680.1K2025
Net income6789102-$29.1M in 2025−97% since 2018
-$1.0B-$500.0M0$500.0M2018: -$876.3M-$876.3M20182019: $39.8M$39.8M20192020: $485.5M$485.5M2020+1121%2021: -$581.9M-$581.9M20212022: -$75.4M-$75.4M2022−87%2023: $35.5M$35.5M20232024: -$306.8M-$306.8M20242025: -$29.1M-$29.1M2025−91%

Every line of the income statement as filed: the last 3 fiscal years, latest first.2

Period ending2025-12-312024-12-312023-12-31
Gross profit489.5M CNY323.8M CNY684.0M CNY
Sales and marketing expenses-234.5M CNY-311.1M CNY-351.7M CNY
General and administrative expenses-137.7M CNY-204.4M CNY-237.8M CNY
Research and development expenses-121.1M CNY-181.7M CNY-276.9M CNY
Other operating income (expenses), net8.4M CNY-200.2M CNY32.3M CNY
Impairment of goodwill-14.0M CNY
Total operating expenses-484.8M CNY-897.4M CNY-848.1M CNY
(Loss) income from operations4.8M CNY-573.6M CNY-164.0M CNY
Other (expenses) income, net-67.3M CNY21.9M CNY-52.9M CNY
Interest income64.3M CNY263.1M CNY285.0M CNY
Foreign exchange gain (loss), net-517.3K CNY1.2M CNY125.9K CNY
Income (loss) before income taxes and share of loss in equity method investments1.3M CNY-287.4M CNY68.2M CNY
Income tax expense-28.4M CNY-15.4M CNY-1.1M CNY
Share of loss in equity method investments-1.9M CNY-4.0M CNY-31.6M CNY
Net income (loss) attributable to ordinary shareholders of the Company-29.1M CNY-306.8M CNY35.5M CNY
Basic (in dollars per share)-0.96 CNY-9.95 CNY1.11 CNY
Diluted (in dollars per share)-0.96 CNY-9.95 CNY1.11 CNY
Basic (in shares)30.2M shares30.8M shares32.0M shares
Diluted (in shares)30.2M shares30.8M shares32.0M shares
Net income (loss)-29.1M CNY-306.8M CNY35.5M CNY
Foreign currency translation adjustments-42.9M CNY72.1M CNY93.3M CNY
Comprehensive income (loss)-71.9M CNY-234.7M CNY128.8M CNY
Comprehensive income (loss) attributable to the ordinary shareholders-71.9M CNY-234.7M CNY128.8M CNY
Net revenues3.8B CNY4.3B CNY5.5B CNY
Cost of revenues3.3B CNY3.9B CNY4.8B CNY
Other comprehensive (loss) income, net of tax0 CNY0 CNY0 CNY

Compare DouYu International Holdings Ltd with another company

Corporate structure

DouYu International Holdings Ltd sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of DouYu International Holdings Ltd

  • Morgan Stanley Filed SCHEDULE 13G/A on DouYu International Holdings Ltd, latest May 11, 2026 (3 filings since Nov 7, 2025)
  • FMR LLC Filed SC 13G on DouYu International Holdings Ltd, latest Nov 12, 2024
  • Shaojie Chen Filed SC 13G/A on DouYu International Holdings Ltd, latest Feb 13, 2023 (2 filings since Feb 9, 2022)
  • DouYu International Holdings Ltd E9

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What DouYu International Holdings Ltd reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation105.4M CNY2 Dec 31, 2025113.5M CNY2 Dec 31, 2024−7.2%
Accumulated depreciation100.3M CNY2 Dec 31, 2025106.4M CNY2 Dec 31, 2024−5.7%
Property and equipment, net$720.7K2 Dec 31, 2025$971.8K10 Dec 31, 2024−25.8%
Operating-lease assets (leased space)$1.1M2 Dec 31, 2025$2.2M10 Dec 31, 2024−47.9%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$251.6M2 Dec 31, 2025$139.3M10 Dec 31, 2024+80.5%
Stakes in other companies (equity method)250.9M CNY2 Dec 31, 2025255.0M CNY2 Dec 31, 2024−1.6%
Long-term investments$54.9M2 Dec 31, 2025$62.6M10 Dec 31, 2024−12.3%

Intangibles and goodwill

ItemLatestA year beforeChange
Intangible assets, net (excluding goodwill)$4.8M2 Dec 31, 2025$8.3M10 Dec 31, 2024−42.5%
Accumulated amortization154.7M CNY2 Dec 31, 2025125.0M CNY2 Dec 31, 2024+23.7%
Finite-lived intangibles, net25.6M CNY2 Dec 31, 202552.9M CNY10 Dec 31, 2024−51.6%

Leadership

Who has led DouYu International Holdings Ltd, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Ren Simin2026–now
Board members and other officers (7)

Timeline

  1. Mar 18, 2026New chief executive Ren Simin becomes CEO11

Calendar

Coming up

  1. Nov 19, 2026Reports results for the quarter ending Sep/202617

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

86 filings to the SEC since October 2021: 5 annual reports, 11 insider forms, 6 large holders, 64 other. The latest 20:

  1. Sep 10, 20263 PRIMARY DOCUMENT EDGAR
  2. Aug 20, 20266-K EDGAR
  3. Aug 7, 20266-K EDGAR
  4. May 28, 20266-K EDGAR
  5. May 11, 2026SCHEDULE 13G/A EDGAR
  6. Apr 17, 202620-F EDGAR
  7. Mar 25, 20266-K EDGAR
  8. Mar 18, 20263 PRIMARY DOCUMENT EDGAR
  9. Mar 18, 20263 PRIMARY DOCUMENT EDGAR
  10. Mar 18, 20263 PRIMARY DOCUMENT EDGAR
  11. Mar 18, 20263 PRIMARY DOCUMENT EDGAR
  12. Mar 18, 20263 PRIMARY DOCUMENT EDGAR
  13. Mar 18, 20263 PRIMARY DOCUMENT EDGAR
  14. Mar 18, 20263 PRIMARY DOCUMENT EDGAR
  15. Mar 18, 20263 PRIMARY DOCUMENT EDGAR
  16. Mar 18, 20263 EDGAR
  17. Mar 18, 20263 EDGAR
  18. Feb 11, 2026SCHEDULE 13G/A EDGAR
  19. Nov 20, 20256-K EDGAR
  20. Nov 7, 2025SCHEDULE 13G EDGAR

The 86 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

  • Morgan StanleySCHEDULE 13G/A, 3 filings Nov 7, 2025 to May 11, 202618
  • FMR LLCSC 13G, 1 filing Nov 12, 202419
  • Shaojie ChenSC 13G/A, 2 filings Feb 9, 2022 to Feb 13, 202320

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 31. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Fmr LLC1,754,541$8.2M0.0%−46,842
BRIGHT VALLEY CAPITAL Ltd1,334,229$6.2M1.8%No change
Point72 Asset Management, L.P.840,519$3.9M0.0%−1,301
Bank Of America Corp /de/162,008$753.3K0.0%+2,339
Renaissance Technologies LLC120,258$559.2K0.0%−4,168
Dimensional Fund Advisors LP114,041$530.5K0.0%−44,726
Sei Investments Co93,265$433.7K0.0%No change
Morgan Stanley89,972$418.4K0.0%−29,652
Russell Investments Group, Ltd.86,638$402.9K0.0%−32,609
Quinn Opportunity Partners LLC68,392$318.0K0.0%No change
Arrowstreet Capital, Limited Partnership61,043$283.9K0.0%−1,568
D. E. Shaw & Co., Inc.44,591$207.3K0.0%No change
Bnp Paribas Financial Markets19,116$88.9K0.0%+2
SmartHarvest Portfolios, LLC15,937$74.1K0.0%New
State Street Corp15,279$71.0K0.0%−13,508
UBS Group AG10,592$49.3K0.0%−107
Mirae Asset Global Investments Co., Ltd.5,780$26.9K0.0%No change
New York State Common Retirement Fund4,126$19.2K0.0%No change
Federation des caisses Desjardins du Quebec3,210$14.9K0.0%No change
Rhumbline Advisers1,630$7.6K0.0%No change
Acadian Asset Management LLC671,802$3.1K0.0%−6,660
Citigroup Inc233$1.1K0.0%−1
Signaturefd, LLC165$7670.0%No change
Arax Advisory Partners153$7110.0%New
Gsa Capital Partners Llp79,011$3670.0%+5,325

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How DouYu International Holdings Ltd is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARDouYu International Holdings Ltd1
  • CIK0001762417
  • Filer statusAccelerated filer not an emerging growth company; not a shell company4
  • Incorporated inCayman Islands4
  • Fiscal year endsDecember 311
  • Industry code (SIC)7370 Services-Computer Programming, Data Processing, Etc.1
  • SEC reviewing officeOffice of Technology, Division of Corporation Finance1
  • Business address20/F,Building A, New Dev, Inter.Ctr., No.473 Guanshan Avenue District, Wuhan City, Hubei Province, 430073, China1
  • Phone86 27 8787 83011
  • Shares outstanding30,178,859 shares as of Dec 31, 20254
  • AuditorDeloitte Touche Tohmatsu Certified Public Accountants LLP, Shanghai, the People’s Republic of China PCAOB ID 1113; it also attests to the company’s internal control over financial reporting4
  • On EDGAR sinceJan 16, 20191
  • Filings148 in all: 6-K (58), CORRESP (17), 3 (11), UPLOAD (10), 20-F (7), SC 13G (6), SC 13G/A (5), 144 (3)1
    All 28 form types

    DRSLTR (3), F-1/A (3), DRS/A (2), EFFECT (2), F-6 POS (2), SC 13D (2), SC 13D/A (2), SC 13E3/A (2), SCHEDULE 13G/A (2), 424B4 (1), 8-A12B (1), CERT (1), DRS (1), F-1 (1), F-6 (1), FWP (1), S-8 (1), S-8 POS (1), SC 13E3 (1), SCHEDULE 13G (1)

  • Latest filingsAnnual report (20-F) Apr 17, 2026

Securities registered for trading

ClassSymbolExchange
American depositary sharesDOYUThe Nasdaq Global Select Market
Ordinary sharesThe Nasdaq Global Select Market

From the cover page of the 20-F filed Apr 17, 2026 (Section 12(b) of the Exchange Act).4

Sources

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