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Sina Technology News Beijing time November 11 afternoon news,Fighting fish(Nasdaq: DOYU) today released its financial report for the third quarter of 2020 as of September 30, with total net sales of RMB 2.5465 billion (approximately $ 373.3 million), up from 1,858 , RMB 5 billion in the same period last year. 37.0%. Net profit was 59.6 million yuan (approximately 8.7 million US dollars), compared with a net loss of 165.4 million yuan in the same period last year. Not in accordance with US GAAP, adjusted net income was RMB 98.7 million (approximately US $ 14.5 million), compared with RMB 72.2 million in the same period last year.
Summary of third quarter results:
Total net revenue was RMB 2.5465 billion (approximately US $ 373.3 million), an increase of 37.0% from RMB 1,858.5 billion in the same period last year.
Gross profit was RMB 369.4 million (approximately US $ 54.2 million), an increase of 16.6% from RMB 316.8 million in the same period last year. Gross profit margin was 14.5%, up from 17.0% in the same period last year.
Net profit was 59.6 million yuan (approximately 8.7 million US dollars), compared with a net loss of 165.4 million yuan in the same period last year. The net profit margin was 2.3%.
Not in accordance with US GAAP, adjusted net income was RMB 98.7 million (approximately US $ 14.5 million), compared with RMB 72.2 million in the same period last year. Net profit margin was 3.9%, stable year over year.
Average Monthly Active Users (MAUs) in Q3 2020 reached 194.0 million, up from 163.6 million in Q3 2019.
The average mobile MAU in Q3 2020 reached 59.6 million, up 14.4% from 52.1 million in Q3 2019.
The average number of paying users in Q3 2020 reached 7.9 million, up 12.7% from 7 million in Q3 2019.
Analysis of the third quarter trend:
Total net revenue was RMB 2.5465 billion (approximately US $ 373.3 million), an increase of 37.0% from RMB 1,858.5 billion in the same period last year.
Among them, the live broadcast service revenue was RMB 2.348.7 billion (about $ 344.3 million), an increase of 41.3% from RMB 1.6624 billion in the same period of the year. 2019.
Advertising and other revenues were RMB 197.8 million (approximately US $ 29 million), compared to RMB 196.1 million in the same period of 2019.
The cost of revenue was RMB 2,177.1 billion (approximately US $ 319.1 million), an increase of 41.2% from RMB 1.5417 billion in the same period of 2019, mainly due to the ” increased revenue sharing fees and content costs.
The revenue sharing fees and content costs were RMB 1,949.1 million (approximately USD 285.7 million), 48.9% compared to RMB 1,308.8 million in the same period of 2019.
The cost of bandwidth was RMB 169.1 million (approximately USD 24.8 million), an increase of 12.1% compared to RMB 150.8 million in the same period of 2019.
Gross profit was RMB 369.4 million (approximately US $ 54.2 million), an increase of 16.6% from RMB 316.8 million in the same period of 2019. gross was 14.5%, compared with 17.0% in the same period last year.
Selling and marketing expenses were RMB 160.3 million (approximately USD 23.5 million), down 7.5% from RMB 173.2 million in the same period in 2019.
R&D expenditures were RMB 109.6 million (approximately US $ 16.1 million), down 8.6% from RMB 119.9 million in the same period of 2019.
General and administrative expenses were 94.2 million yuan (about $ 13.8 million), down 59.6% from 232.9 million yuan in the same period of 2019.
Other operating income was RMB 32.5 million (approximately US $ 4.8 million), compared to RMB 11.8 million in the same period of 2019.
Operating profit was RMB 37.9 million (approximately US $ 5.6 million), while operating losses of RMB 197.4 million during the same period of 2019.
Adjusted operating profit was RMB 71.2 million (approximately US $ 10.4 million), an increase of 130.7% from RMB 30.8 million in the same period of 2019.
Net income was 59.6 million yuan (approximately 8.7 million US dollars), compared with a net loss of 165.4 million yuan in the same period last year. The net profit margin was 2.3%.
Not in accordance with US GAAP, adjusted net income was RMB 98.7 million (approximately US $ 14.5 million), compared with RMB 72.2 million in the same period last year. Net profit margin was 3.9%, stable year over year.
The basic and diluted net income per share of the American deposit (ADS) is 0.27 RMB (approximately 0.04 USD) and 0.26 RMB (approximately 0.04 USD) respectively; basic ADS per share is not US GAAP compliant AND diluted income is 0.39 yuan RMB (approximately US $ 0.06).
telephone conference:
Douyu’s management team will hold an earnings conference call at 6:00 am Eastern time on November 11th (7:00 pm Beijing time on November 11th). The telephone numbers to listen to the conference call are as follows:
United States (toll free): 1-888-317-6003
Mainland China (Free): 4001-206115
Hong Kong, China (toll free): 800-963976
Singapore (toll free): 800-120-5863
Conference ID: 9969705
In addition, the investor relations channel of Douyu’s official website http://ir.douyu.com/ will broadcast the conference call and provide recordings.
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