Douyu International Holdings Ltd Down 9.21% To $0.72 After Earnings Beat

Douyu International Holdings Ltd (DOYU) reported better than expected earnings this morning for Q4 2023.

Buzzfeed Inc's earnings came in at an EPS of $0.03 per share. The firm's earnings are up 250% since reporting losses of $0.02 per share in the same period a year ago.

Revenues were upbeat at $182.5 million. That represents a 25.11% decrease in revenues from the year-ago report and is 6.80% higher than consensus estimates set at $170.9 million.

The stock is down 9.21% to $0.72 after the report.

The firm's lower revenue growth to earnings signals that the firm has been able to reduce costs and improve its profit margin overall.

Wall Street Analysts had an average rating of Sell on the stock prior to the report.

InvestorsObserver gives the stock a Bullish Sentiment score at the moment based on recent trading.

Prior to the report, InvestorsObserver gave the stock an overall score of 21. Meanwhile, the average Wall Street analyst rated the stock a Sell.

DouYu International Holdings Ltd is a game-centric live streaming platform in China. The company operates its platform on both PC and mobile apps, through which users can enjoy immersive and interactive games and entertainment live streaming. It generates revenues through live streaming and advertisement.