reports
- Tian Hou
DOYU: 1Q21 Revenue Likely To Be Soft Due To High Base; Lingering Merge...
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.
- Tian Hou
DOYU: Unsettled Merger Slowed Down DOYU’s Growth In 4Q20
DOYU will report 4Q20 results on March 23rd before the markets open with an 8am EST conference call. Based on our data and model, we believe Douyu’s revenue is likely to experience weaker growth compared with previous quarters as the company needs to refocus on new strategy and prepare for the upcoming merger. We expect the merger with Huya (HUYA, $25.55, Not Rated) to go through sometime in 2Q21.
- Tian Hou
T. H. Data Flash - DouYu – June 2020 & 2Q20E: All Operational Metric...
We are positive into DOYU’s 2Q20 performance as our data showed continuous high growth in operational metrics. Cooperating with Tencent (700.HK. HK$539.00, Not Rated), Douyu launched live streaming activities for DNF and Brawl Stars in June 2020. In addition, the company held tournaments for major online games in 2Q20, which we believe is likely to be positive to its MAUs and paying members. Based on our data and model, we believe Douyu’s revenue is likely to be higher than the consensus at RMB2...
- Tian Hou
DOYU: Expect 4Q19 Revenue To Be Better Than Consensus; Coronavirus Has...
DOYU will report 4Q19 results on March 19th before the U.S. market opens at 7am EST conference call. Based on our data and model, we believe DOYU’s 4Q19 revenue is likely to be better than consensus expectation at RMB1,993M and the high end of the company’s guidance range of RMB1,960M-RMB2,030M. For 1Q20, DOYU was impacted a bit by the government policy of removing lucky-draw function, but less impacted by the coronavirus outbreak. Major E-Sport events including LPL and KPL were delayed.
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