Douyu announced its unaudited financial results for the second quarter of 2026, reporting revenue of RMB 981.1 million (USD 145.8 million). This represents a 19.4% increase sequentially but a 6.9% decline compared to the same period last year, according to KrASIA.
The company posted a GAAP net loss of RMB 72.4 million (USD 10.8 million) and an adjusted net loss of RMB 13.5 million (USD 2 million). Gross profit rose 12% year-on-year to RMB 159 million (USD 23.6 million), with the gross margin improving to 16.2% from 13.5% a year earlier.
Douyu’s sales and marketing expenses more than doubled to RMB 124.8 million (USD 18.5 million), primarily driven by increased branding and promotional activities. For Japanese investors tracking the streaming and gaming sectors, Douyu’s results highlight ongoing challenges in balancing growth with profitability amid evolving market dynamics.