DouYu International Holdings Ltd (NASDAQ:DOYU) Stock Sees Selling Pressure Following Q2 Earnings

August 17, 2021

DouYu International Holdings Ltd (NASDAQ:DOYU) fell 11% after announcing its unaudited Q2 2021 financial results for the period ending June 30, 2021. The company reported net revenues of $361.9 million (RMB2, 336.8 million) compared to RMB2, 508.2 million a year ago.Gross profit was $47.5 million, with the net loss being $28.1 million. In addition, the company reported a 3.9% YoY growth in average mobile monthly active users to 60.7 million,…

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