27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
DouYu International Holdings Limited (NASDAQ: DOYU) reported a fourth-quarter fiscal 2023 revenue decline of 22.9% to $182.5 million year-on-year, beating the consensus of $170.9 million.
The Chinese game-centric live streaming platform’s adjusted earnings per ADS loss of $(0.00) beat the consensus loss of $(0.02). The stock price declined after the results.
Segments: DouYu’s Livestreaming revenues decreased by 36.1% Y/Y to $143.8 million due to the soft macroeconomic environment.
Advertising and other revenues increased by 226.5% Y/Y to $38.8 million, primarily attributable to the increase in other revenues contributed by other innovative business.
Gross margin declined from 11.1% to 9.7% Y/Y. DouYu held $965.6 million in cash and equivalents as of December 31, 2023.
Drivers: DouYu’s quarterly average mobile MAUs fell to 51.7 million, down from 57.4 million a year ago. The quarterly average paying user count decreased to 3.7 million from 5.6 million a year ago.
The stock lost 28% in value in the last 12 months. Investors can gain exposure to the stock via Vanguard FTSE Emerging Markets ETF (NYSE:VWO) and Vanguard Total International Stock ETF (NASDAQ:VXUS).
Price Action: DOYU shares traded lower by 2.36% at $0.77 premarket on the last check Tuesday.
Photo via Wikimedia Commons
27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
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