DouYu International Holdings: Rises on quarterly revenue beat

DouYu International Holdings

26/05/2020 14:11

** Shares of China's live-streaming platform  DOYU.N  rise 
12.6% to $7.78 premarket - on track for best day ever
    ** Company says Q1 net revenue rose 53% to 2.28 bln yuan vs
est. of 2.13 bln yuan - Refinitiv data
    ** Says margins hit a record high; gross margin expanded to
21.3% from 13.6% in the same period of 2019  urn:newsml:reuters.com:*:nPn8NWrpPa
    ** Q1 average paying user count jumped 26.2% to 7.6 mln -
DOYU
    ** Company expects Q2 net revenue between 2.36 bln yuan and
2.41 bln yuan vs est. of 2.38 bln yuan
    ** Including premarket gains, stock is down ~8% YTD

 (Reporting by Ayanti Bera in Bengaluru)
 ((Ayanti.Bera@thomsonreuters.com; within U.S.+1 646 223 8780,
outside U.S. +91 80 6749 3401;))