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Huya, DouYu Flounder in First Quarter, With Worse to Come

Benzinga Real-time News · May 19, 2022 11:25

Key Takeaways:

Huya and DouYu, which were once set to merge, reported losing money and revenue declines in the first quarter
Both companies will continue struggling in current quarter after announcement of new restrictions on online tipping last week

By Doug Young

New quarterly results from top gaming livestreamersHuya Inc.(NYSE:HUYA) andDouYu International Holdings Ltd. (NASDAQ:DOYU) are a sea of red ink, with nearly all major metrics shrinking in the three-month period. Each company takes pains in its report to point out the one or two indicators that are still growing, even as gloom is...

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more

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This presentation is for informational and educational use only and is not a recommendation or endorsement of any particular investment or investment strategy. Investment information provided in this content is general in nature, strictly for illustrative purposes, and may not be appropriate for all investors. It is provided without respect to individual investors’ financial sophistication, financial situation, investment objectives, investing time horizon, or risk tolerance. You should consider the appropriateness of this information having regard to your relevant personal circumstances before making any investment decisions. Past investment performance does not indicate or guarantee future success. Returns will vary, and all investments carry risks, including loss of principal. Moomoo makes no representation or warranty as to its adequacy, completeness, accuracy or timeline for any particular purpose of the above content.

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