China’s game live streaming platform Douyu’s average MAUs in the fourth quarter of 2020 increased by 5.2% to 174.4 million from 165.8 million in Q4 2019. The average mobile MAUs increased by 6.9% to 58.2 million from 54.4 million in the same period of 2019.
The quarterly average paying user count in the fourth quarter of 2020 increased by 4.6% to 7.6 million from 7.3 million in the same period of 2019.
In comparison, Huya’s average mobile MAUs of Huya Live in the fourth quarter of 2020 reached 79.5 million, representing an increase of 29.1% from 61.6 million in the fourth quarter of 2019. And, the average MAUs reached 178.5 million, representing an increase of 18.8% from 150.2 million in Q4 2019.
The total number of paying users of Huya Live in the fourth quarter of 2020 reached 6.0 million, representing an increase of 17.6% from 5.1 million in the fourth quarter of 2019.
China game live streaming revenues to double by 2021
Financial Highlights for Douyu
- Total net revenues in the fourth quarter of 2020 increased by 10.0% to RMB2,269.2 million (US$347.8 million) from RMB2,062.9 million in the same period of 2019.
- Gross profit in the fourth quarter of 2020 was RMB182.2 million (US$27.9 million), compared with RMB375.2 million in the same period of 2019.
- Net loss in the fourth quarter of 2020 was RMB228.7 million (US$35.0 million), compared with a net income of RMB157.4 million in the same period of 2019.
- The adjusted net loss in the fourth quarter of 2020 was RMB176.9 million (US$27.1 million), compared with an adjusted net income of RMB186.4 million in the same period of 2019.
For the full year performance in 2020:
- Total net revenues for the full year of 2020 increased by 31.8% to RMB9,601.9 million (US$1,471.6 million) from RMB7,283.2 million in the same period of 2019.
- Gross profit for the full year of 2020 increased by 30.4% to RMB1,560.3 million (US$239.1 million) from RMB1,196.2 million in the same period of 2019, implying a gross margin of 16.3% in the full year of 2020.
- Net income for the full year of 2020 increased by 1,113.7% to RMB404.7 million (US$62.0 million) from RMB33.3 million in the same period of 2019, implying a net margin of 4.2% in the full year of 2020.
- Adjusted net income for the full year of 2020 increased by 56.3% to RMB541.6 million (US$83.0 million) from RMB346.4 million in the same period of 2019, implying an adjusted net margin of 5.6%.
Financial Highlights for Huya
- Total net revenues for the fourth quarter of 2020 increased by 21.2% to RMB2,990.3 million (US$458.3 million), from RMB2,467.5 million for the same period of 2019.
- Net income attributable to HUYA Inc. was RMB253.2 million (US$38.8 million) for the fourth quarter of 2020, representing an increase of 58.6% from RMB159.7 million for the same period of 2019.
- Non-GAAP net income attributable to HUYA Inc. was RMB305.9 million (US$46.9 million) for the fourth quarter of 2020, representing an increase of 26.5% from RMB241.9 million for the same period of 2019.
For the full year performance:
- Total net revenues in fiscal year 2020 increased by 30.3% to RMB10,914.4 million (US$1,672.7 million), from RMB8,374.5 million in the prior year.
- Cost of revenues increased by 25.4% to RMB8,646.3 million (US$1,325.1 million) in the fiscal year 2020 from RMB6,892.6 million in the prior year
- Gross profit increased by 53.0% to RMB2,268.1 million (US$347.6 million) in the fiscal year 2020 from RMB1,481.9 million in the prior year. The gross margin increased to 20.8% in the fiscal year 2020 from 17.7% in fiscal year 2019.
- Net income attributable to HUYA Inc. increased by 88.9% to RMB884.2 million (US$135.5 million) in fiscal year 2020 from RMB468.2 million in the prior year.
