DouYu International Holdings logo

DouYu International Holdings(DOYU)

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ADVISORIES YOU CAN VERIFY
QUALITY SIGNAL
1-STAR RATING
PASS
LAST CLOSE
$4.65
09/24/2026
(24-hour delay)

Advisory History & Simulated Performance *

*as per simulation (see disclosures)
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Upturn Advisory & Investor View for DOYU

09/24/2026: DOYU (1-star) is currently NOT-A-BUY. Pass it for now.

DouYu International Holdings is a specialized live-streaming platform focused on the gaming and esports sector in China. While it has established a significant presence among core gamers, the company is currently in a consolidation phase characterized by a shift from aggressive expansion to prioritizing operational profitability. The primary investment story rests on its ability to sustain niche engagement in a challenging regulatory and competitive environment. Key risks include the rise of short-video platforms, reliance on virtual gift revenue, and ongoing regulatory uncertainty. The stock may best suit speculative investors comfortable with high volatility and geopolitical risk, rather than long-term growth or income-focused shareholders.

How to Read the Upturn Advisory

The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.

Company fundamentals, valuation, risks, and news provide supporting context about the business.

Investor Fit

Investor styleFitWhy
Growth investorWeak fitThe company's current growth phase has slowed, with the primary focus shifting toward sustainability rather than aggressive expansion.
Momentum investorWeak fitThe stock has faced significant downward pressure, making it less attractive for momentum strategies.
Value investorMixed fitWhile trading at low valuations, the business faces structural challenges and regulatory uncertainties that complicate a classic value thesis.
Dividend investorWeak fitDouYu does not pay a regular dividend, making it unsuitable for income-focused portfolios.
Low-risk investorWeak fitHigh exposure to regulatory, geopolitical, and competitive risks makes this stock unsuitable for low-risk profiles.

Risk Profile

Risk factorLevelWhy it matters
Price volatilityHighThe stock's historical price fluctuations are significant due to market sentiment regarding Chinese ADRs.
Valuation riskMediumWhile valuations appear low, they reflect legitimate concerns regarding long-term business viability.
Competition risk (Short-video platforms)HighAggressive expansion by short-video competitors dilutes DouYu's audience and advertising potential.
Business qualityMediumThe platform has strong niche appeal, but business model sustainability is constrained by external factors.
Dividend incomeLow / noneThere is no dividend income to provide a floor or yield benefit for shareholders.
Execution riskMedium / highSuccessful navigation of a shifting regulatory landscape and competitive environment requires precise execution.

Price Behavior

Steep Decline
PRICE PATH

Steep Decline

The stock price has dropped sharply with strong downward pressure.

Moderately Choppy
PRICE STABILITY

Moderately Choppy

The stock has experienced noticeable price swings while retaining some directional structure.

Analysis of Past Performance

Type Stock
Historic Profit -66.86%
Avg. Invested days 25
Today’s Advisory PASS
Upturn Advisory Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 2.0
Stock Returns Performance Upturn Returns Performance icon 1.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 09/24/2026

Upturn Scorecard

Upturn Star Rating

★★★★★
DOYU receives a 3-star rating, supported by available scored pillars. The rating is constrained by soft unit economics, weak price momentum, and limited analyst upside.

Company Fundamentals

★★★★★
DOYU has moderate overall fundamentals (3 stars), with moderate financial health, solid growth momentum, and moderate ownership. In FY2025 versus FY2024, strong earnings growth (+90.2%) is partially offset by soft cash generation (FCF margin -1.4%), negative revenue growth (-10.6%), soft profitability (net margin -0.8%).

Financial Health Rating

★★★★★
DOYU's financial health is supported by solid liquidity, including working-capital and asset support (WC/assets 48.1%). Profitability is soft (2 stars), which helps explain the 3-star overall score.

Growth Momentum Score

★★★★★
Earnings growth is DOYU's strongest growth driver at +90.2% FY2025 versus FY2024 (strong, 5 stars). By comparison, free-cash-flow growth (+78.6%, strong) is also strong, while revenue growth (-10.6%, negative) holds the profile back, so recent growth is not broad-based across the business.

Ownership

★★★★★
Institutional ownership is 21.5% and approximately 42.0% of outstanding shares are publicly tradable, supporting liquidity and institutional participation. Insider ownership of 3.98% provides only moderate management-shareholder alignment.

Top 5 Institutional Investors

FMR Inc 5.97%
Bright Valley Capital Ltd 4.42%
Point72 Asset Management, L.P. 2.79%
Acadian Asset Management LLC 2.25%
Bank of America Corp 0.53%

Unit Economics (Per $1K Revenue)

★★★★★
DOYU generates approximately $128 of gross profit, $3 of operating income, and $-14 of free cash flow for every $1,000 of revenue. Based on FY2025 results. Strong margins, cash conversion, and capital efficiency support the rating.

Economic Dimensions

★★★★★
Effective Tax Rate: -4,218.96% (Tax Credit)

Quantitative Style Profile

★★★★★
DOYU has a Value-Oriented profile. Weak momentum is the primary drawback.

Style Classification

Quality Focused

Value-OrientedSmall / Mid Cap Risk

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 140.94M USD
Price to earnings Ratio -
1Y Target Price 4.77
Price to earnings Ratio -
1Y Target Price 4.77
Volume (30-day avg) 31.0K shares
Beta 1
52 Weeks Range 4.18 - 7.66
Updated Date 09/24/2026
52 Weeks Range 4.18 - 7.66
Updated Date 09/24/2026
Dividends yield (FY) -
Basic EPS (TTM) -0.16

How Company Makes Money

Business areaWhat it includesRetail investor read
Live StreamingRevenue from the sale of virtual gifts and items within the DouYu app.This is the primary way the company makes money; it depends on users spending to support their favorite streamers.
Advertising & OtherBrand sponsorships, in-game ads, and membership services.This provides a secondary, albeit smaller, revenue stream that is highly sensitive to the general economic climate.

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

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Valuation

Trailing PE -
Forward PE 31.75
Enterprise Value -199.60M
Price to Sales(TTM) 0.04
Enterprise Value -199.60M
Price to Sales(TTM) 0.04
Enterprise Value to Revenue 0.01
Enterprise Value to EBITDA 6.68
Shares Outstanding 30.18M
Shares Floating 12.67M
Shares Outstanding 30.18M
Shares Floating 12.67M
Percent Insiders 3.98
Percent Institutions 21.48

Icon representing Upturn AI-generated SWOT analysis summary Upturn AI Summary

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Financial Metrics

🧭 Investment Snapshot

Total Revenue (Scale)

Information icon Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.

Net Income (Profit)

Information icon Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.

Free Cash Flow (Cash Strength)

Information icon Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.

📈 Growth & Strength

Operating Income (Core Profit)

Information icon Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.

EBITDA (Cash Earnings)

Information icon Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.

Gross Profit (Unit Profitability)

Information icon Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.

🛡️ Financial Safety

Cash (Liquidity Buffer)

Information icon Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.

Total Debt (Leverage Risk)

Information icon Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.

Net Working Capital (Short-Term Health)

Information icon Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.

🧱 Balance Sheet Strength

Stockholder Equity (Net Worth)

Information icon Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.

Total Assets (Asset Base)

Information icon The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.

Income Before Tax (Pre-Tax Earnings)

Information icon Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.

⚙️ Cost & Drag Factors

Cost of Revenue (Production Cost)

Information icon Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.

Total Operating Expenses (Operating Cost)

Information icon Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.

Income Tax Expense (Tax Drag)

Information icon Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.

About DouYu International Holdings

Exchange NASDAQ
Headquarters -
IPO Launch date 2019-07-17
Chairman & CEO Reverend Simin Ren
Sector Communication Services
Industry Internet Content & Information
Full time employees 493
Full time employees 493

DouYu International Holdings Limited, together with its subsidiaries, operates a platform on PC and mobile apps that provides interactive games and entertainment live streaming services in the People's Republic of China. Its platform connects game developers and publishers, professional eSports teams or players and eSports tournament organizers, advertisers, and viewers. The company also sponsors professional players and teams, as well as organizes eSports tournaments. Additionally, it streams other content to include a wide spectrum of live streaming entertainment options and voice-based entertainment options, comprising talent shows, music, outdoor, and travel. Further, the company records and offers video clips to allow users to watch replays of selective live streaming content; and graphics that include game guides, tutorials, news, and other types of content. DouYu International Holdings Limited was founded in 2014 and is headquartered in Wuhan, the People's Republic of China.