DouYu International Holdings Limited (DOYU) AI Stock Analysis

NASDAQ: DOYUAI research summary: business, growth, valuation, analysts, bull and bear case.

DOYU AI stock analysis summary

AI Research

DouYu International Holdings Limited (DOYU) operates an interactive game and entertainment live streaming platform in China. The company's annual revenue decreased from $9.17B in FY2021 to $3.82B in FY2025, reflecting a 5-year revenue CAGR of -16.8%. Despite ongoing revenue declines, DouYu maintains a strong liquidity position with $2.29B in net cash as of June 30, 2026.

Market cap
$108.0M
Revenue (TTM)
$3.62B
P/E
—
fwd 31.7x
1Y return
-46.0%
S&P 500 16.8%
Avg. target
$4.79
33.9% vs last close

Bull case

  • DouYu maintains a net cash position of $2.29B as of June 30, 2026, which substantially exceeds its market cap of $108.0M.
  • Quarterly earnings grew 241.3% year-over-year in the latest quarter ending June 30, 2026.
  • The analyst mean price target of $4.79 reflects a 33.9% premium over the last close of $3.58.

Bear case

  • Annual revenue contracted at a 5-year CAGR of -16.8% from FY2020 through FY2025, reaching $3.82B in FY2025.
  • Free cash flow remained negative in FY2025 at -$54.0M, alongside an operating cash outflow of -$52.3M.
  • DOYU shares declined 46.0% over the past year, lagging the 16.8% return of the S&P 500.

What DouYu International does

DouYu International Holdings Limited operates an interactive entertainment platform accessible via PC and mobile applications in the People's Republic of China. The platform specializes in live streaming services for interactive games, acting as a connection hub for game developers, publishers, tournament organizers, eSports teams, players, advertisers, and viewers. Beyond gaming, DouYu provides entertainment streaming including talent shows, music performances, outdoor activities, and travel adventures. The company sponsors eSports teams, organizes competitive tournaments, and offers tools for viewers to replay live content, edit short video clips, and upload personalized videos.

Growth and profitability

DouYu's revenue has declined over five consecutive fiscal years, moving from $9.17B in FY2021 to $7.11B in FY2022, $5.53B in FY2023, $4.27B in FY2024, and $3.82B in FY2025. This path generated a 5-year revenue CAGR of -16.8%. Net income fluctuated from -$338.8M in FY2021 to $35.5M in FY2023 before dropping to -$297.4M in FY2024 and -$29.1M in FY2025. Gross margin stood at 12.8% in FY2025, while operating margin turned positive to 0.3%. In the trailing twelve months ending June 30, 2026, revenue was $3.62B with an operating margin of -2.2%. In the latest quarter, revenue declined 6.9% year-over-year, while quarterly earnings grew 241.3%.

DOYU income statement →

Balance sheet and cash flow

As of June 30, 2026, DouYu held $2.30B in cash and short-term investments against total debt of $15.9M, resulting in a net cash position of $2.29B. Total assets reached $3.12B, and shareholders' equity was $1.89B. The company maintained a current ratio of 2.19 and a debt-to-equity ratio of 0.01. In FY2025, operating cash flow was -$52.3M, capital expenditures were $1.8M, free cash flow was -$54.0M, and dividends paid totaled $2.15B.

DOYU balance sheet →

Valuation and performance

At a last close of $3.58 on October 16, 2026, DouYu has a market cap of $108.0M and an enterprise value of -$200.6M. The stock trades at a forward P/E of 31.7x, compared to the median of 14.1x for its US-listed Communication Services peers. Its price-to-sales multiple is 0.0x versus the peer median of 0.8x, and its EV/EBITDA is 6.7x versus the peer median of 10.0x. Over the past year, DOYU shares fell 46.0%, while the S&P 500 (SPY) returned 16.8%. Over five years, the stock dropped 90.1% compared to an 83.0% gain for the S&P 500.

DOYU key metrics →

What analysts expect

Wall Street coverage consists of 4 Hold ratings, with 0 Strong Buy, Buy, Sell, or Strong Sell recommendations. The mean price target is $4.79, which is 33.9% above the last close of $3.58. For the fiscal year ending December 31, 2026, analysts estimate EPS of $1.20 on revenue of $3.61B. For FY2027, 2 analysts project EPS of $2.25 and revenue of $3.53B. DouYu beat EPS estimates in 3 of the last 4 quarters, and its next earnings date is November 19, 2026.

DOYU forecast and price target →

Key risks and what to watch

  • Quarterly revenue fell 6.9% year-over-year in the period ended June 30, 2026, reflecting ongoing top-line weakness.
  • Trailing twelve months operating margin is -2.2%, falling below the US-listed Communication Services peer median of 13.3%.
  • Net income remained in negative territory in FY2025 at -$29.1M, accompanied by a net margin of -0.8%.

AI-generated research summary. Written with AI from Quotelinks data as of October 16, 2026 and checked so every figure matches that data. For information only, not investment advice. Disclaimer

About this DOYU AI stock analysis

This page is an AI-written research summary of DouYu International Holdings Limited (DOYU). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

Related: DOYU income statement, DOYU balance sheet, DOYU key metrics, DOYU analyst forecast, DOYU chart. See the DOYU stock overview for the latest quote and news.

DOYU AI stock analysis FAQ

When is DouYu's next earnings date?

DouYu is scheduled to report quarterly financial results on November 19, 2026.

How much cash and debt does DouYu have?

As of June 30, 2026, DouYu held $2.30B in cash and short-term investments against $15.9M in total debt, leaving a net cash balance of $2.29B.

What are analysts forecasting for DouYu's revenue and earnings?

For the fiscal year ending December 31, 2026, consensus estimates project revenue of $3.61B and EPS of $1.20, followed by expected FY2027 revenue of $3.53B and EPS of $2.25.

How does DouYu's valuation compare to its peer group?

DouYu trades at a forward P/E of 31.7x and an EV/EBITDA of 6.7x, compared to the US-listed Communication Services peer medians of 14.1x and 10.0x, respectively.

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