DOYU: 1Q21 Revenue Likely To Be Soft Due To High Base; Lingering Merger Approval Is Likely Leading To Softness In Business Operations
DOYU will report 1Q21 results on May 18th before the markets open with an 8am EST conference call. Based on our data and model, we believe DouYu’s revenue is likely to be soft due to two reasons, including 1Q20 was a high base and the merger with HUYA is experiencing uncertainties in the middle of China’s anti-trust reviews. The lingering approval of the merger causes some level of delay in business operations.
T.H. Capital is an independent research and investment advisory firm specializing in China. We offers real-time, on-the-ground, bottom-up research across a wide spectrum from macro and industry analysis to company specific projects; from China ADRs to international names that have meaningful exposure to China market. We deliver relevant, comprehensive and data driven research adding immense value to clients.
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