The following is a summary of the DouYu International Holdings Limited (DOYU) Q4 2023 Earnings Call Transcript:

Financial Performance:

• DouYu International Holdings Ltd reported an adjusted net profit of RMB 154 million for the full year of 2023.

• Q4 2023 revenues decreased by 22.9% YoY to RMB 1.3 billion, mainly due to reduced revenue-generating promotions and a smaller user base.

• Live streaming revenues were down 36.1% YoY at RMB 1.02 billion.

• Advertising and other revenues increased by 226.5% YoY to RMB 275.2 million, driven by innovative businesses.

• Revenue sharing fees and content costs decreased by 30.3% to RMB 0.89 billion.

• Gross profit and gross margin decreased due to lower live streaming revenues.

• Decreased marketing expenses led to a decline in sales and marketing expenses by 32.2%.

• The company reported a net loss of RMB 62.2 million in Q4 2023.

Business Progress:

• DouYu aims to enhance commercialization by strengthening cooperation with game developers and adopting AI-driven strategies.

• A healthy Q4 2023 performance reported with 51.7 million mobile MAUs and 3.7 million paying users.

• DouYu plans to diversify its revenue streams by deepening partnership with game developers.

• The company restructured their content ecosystem business into three core divisions to improve operating efficiency.

• DouYu is focused on revenue diversification, optimizing operating efficiencies, and cost management.

• It is working on amplifying the influence of top-tier streamers and increasing visibility of mid-tier streamers.

• Plans to bolster its gaming membership business and broaden the scope in 2024.

More details: DouYu IR

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