DouYu International Holdings Limited (NASDAQ:DOYU) Q4 2020 Results Conference Call March 23, 2021 8:00 AM ET Company Participants Mao Mao - Vice President of Capital Markets Shaojie Chen - Chairman & Chief Executive Officer Mingming Su - Chief Strategy Officer Hao Cao - Vice President, Finance Conference Call Participants Lei Zhang - Bank of America Daniel Chen - JPMorgan Alex Liu - China Renaissance Feiya Zhao - Haitong International Operator Good morning, and good evening, ladies and gentlemen. Thank you, ...

DouYu International Holdings Limited (NASDAQ:DOYU) Q3 2020 Earnings Conference Call November 11, 2020 6:00 AM ET Company Participants Mao Mao - Vice President of Capital Markets Shaojie Chen - Chairman & Chief Executive Officer Hao Cao - Vice President, Branding Conference Call Participants Daniel Chen - JPMorgan Alex Liu - China Renaissance Lei Zhang - Bank of America Thomas Chong - Jefferies Operator Good morning and good evening, ladies and gentlemen. Thank you and welcome to DouYu International Holdings ...

Financial Data and Key Metrics - Total net revenues increased by 33.9% YoY to RMB 2.51 billion, with gross profit up 73.7% YoY to RMB 522.9 million and gross margin expanding to 20.8% [7] - Net income was RMB 319.3 million, representing a net margin of 12.7%, while non-GAAP net income increased to RMB 322.9 million, with a non-GAAP net margin of 12.9% [8] - ARPPU increased by 19.7% YoY to RMB 300.06, and average mobile MAU grew by 15.4% YoY to 58.4 million [8] Business Line Performance - Live streaming revenues increased by 35.8% YoY to RMB 2.32 billion, driven by optimized interactive features and event mechanisms [18] - Advertising and other revenues grew by 14.6% YoY to RMB 188.3 million, supported by increased brand recognition and demand for integrated streamer promotion [19] - The company successfully broadcasted over 50 large-scale eSports tournaments and produced more than 50 eSports tournaments internally and through external collaborations [11][12] Market Performance - In Japan, the Mildom platform ranked among the top game live streaming platforms in terms of mobile downloads, user base, and engagement, driven by its vibrant game live streaming ecosystem [15][51] - The company plans to deepen its collaboration with Japanese partners to achieve better economies of scale and capitalize on the high spending power of Japanese gamers [52] Strategy and Industry Competition - The company plans to implement a three-pronged content strategy, focusing on high-quality eSports content, new eSports-related business models like cloud gaming, and optimizing streamer training and recruitment systems [12][13] - DouYu aims to refine its product development cycle, streamer management systems, and content operation strategy to enhance monetization and operating efficiency [16] - The company is exploring new interactive product features and event models to improve platform stickiness and user engagement [14] Management Commentary on Operating Environment and Future Outlook - Management highlighted the short-term pressure on user traffic growth due to the resumption of work and school schedules but emphasized the steady improvement in operational results [8] - The company remains confident in its ability to enhance financial performance, deliver shareholder value, and lead the game live streaming industry in China [16] - DouYu expects total net revenues for Q3 2020 to be in the range of RMB 2.64 billion to RMB 2.68 billion, reflecting current market and operational conditions [25] Other Important Information - The company received a non-binding proposal from Tencent for a stock-for-stock merger with Huya, but no decision has been made yet [6] - DouYu continues to invest in R&D and operations to optimize user experience and strengthen its eSports-centric live streaming community [16] Q&A Session Summary Question: M&A Proposal and Collaboration with Tencent - The Board is reviewing Tencent's proposal for a merger with Huya, and no decision has been made yet [27][28] - DouYu maintains a close collaboration with Tencent, focusing on data exchange and platform engine portal initiatives to improve mobile traffic and market penetration [28][29] Question: User Behavior Post-Resumption of Work and School - User behavior remained consistent, with a retention rate above 75% and increased monthly time spent on the platform [31][32] Question: Key Drivers of Live Streaming Revenue Growth - Revenue growth was driven by refined operations, enhanced interactive features, and increased user payment frequency, with ARPPU growing by 9.5% QoQ to RMB 300.06 [35][36] Question: Streamer Recruitment Strategy for New Games - The company recruits streamers through collaborations with top game agencies and monitors their performance to ensure high-quality content for new game titles [39][40] Question: Content Diversification and Non-Live Streaming Monetization - DouYu plans to invest in eSports and non-eSports content, including game videos and diversified segments like food, life, and ACG [44][45] - The company is exploring new monetization models, such as voice chat and cloud gaming, to diversify revenue streams [45] Question: Bandwidth Cost and Sales & Marketing Expense Trends - Bandwidth costs increased due to higher user engagement and tournament intensity, with further increases expected in H2 2020 [48] - Sales and marketing expenses rose due to tournament-related marketing costs and increased sponsorships for eSports teams [49] Question: Overseas Expansion in Japan - The Mildom platform in Japan has shown strong performance, and the company plans to deepen its investment and collaboration in the Japanese market [51][52]

DouYu International Holdings Limited (NASDAQ:DOYU) Q1 2020 Results Earnings Conference Call May 26, 2020 8:00 AM ET Company Participants Mao Mao - Investor Relations Shaojie Chen - Chairman and Chief Executive Officer Hao Cao - Vice President of Finance. Conference Call Participants Lei Zhang - Bank of America Securities Brian Gong - Citigroup Thomas Chong - Jefferies Alex Poon - Morgan Stanley Daniel Chen - JPMorgan Alex Liu - China Renaissance Operator Good morning and good evening, ladies and gentlemen. ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2019. OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITI ...

DouYu International Holdings Limited (NASDAQ:DOYU) Q4 2019 Results Conference Call March 19, 2020 7:00 AM ET Company Participants Mao Mao - VP of Capital Markets of DouYu Shaojie Chen - Founder, Chairman & CEO Mingming Su - Chief Strategy Officer Hao Cao - VP of Finance & Director Conference Call Participants Li Zhang - Bank of America Securities Daniel Chen - JP Morgan Alex Poon - Morgan Stanley Thomas Chong - Jefferies Alex Liu - China Renaissance Operator Good morning and good evening, ladies and gentlem ...

DouYu International Holdings Limited. (NASDAQ:DOYU) Q3 2019 Results Earnings Conference Call November 27, 2019 8:00 AM ET Company Participants Mao Mao - IR Director Shaojie Chen - Founder, CEO & Director Hao Cao - VP of Finance & Director Mingming Su - Chief Strategy Officer Conference Call Participants Hillman Chan - Citigroup Alex Poon - Morgan Stanley Daniel Chen - JPMorgan Li Zhang - Bank of America Alex Liu - China Renaissance Thomas Chong - Jefferies Operator Good morning and good evening, ladies and ...