Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
- DouYu International Holdings Ltd (NASDAQ:DOYU) reported a fourth-quarter FY21 revenue growth of 2.6% to $365.3 million year-on-year, beating the consensus of $354.9 million.
- Segments: DouYu's Live streaming revenue increased by 6.7% Y/Y to $346.7 million due to organic growth in average revenues per paying user.
- Advertising and other revenues declined 40.3% Y/Y to $18.6 million due to the challenging macro environment and exploring new commercialization models using a portion of advertising traffic that could have been directly monetized.
- The gross profit rose by 34.3% Y/Y to $38.4 million.
- Adjusted loss per ADS of $(0.05) beat the consensus loss of $(0.07).
- DouYu held $1.04 billion in cash and equivalents.
- Drivers: DouYu's quarterly average mobile MAUs rose 7.2% Y/Y to 62.4 million. The quarterly average paying user count decreased 3.9% Y/Y to 7.3 million.
- CEO Shaojie Chen commented, "Facing a complex macro environment, we continued to implement our core strategy to further develop our game-centric content ecosystem for a wide array of game genres, invest in our premium quality content, and further refine our game operations."
- Price Action: DOYU shares traded higher by 21.1% at $1.72 in premarket on the last check Wednesday.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!