Douyu’s average MAUs in the second quarter of 2020 was 165.3 million, compared with 162.8 million in Q2 2019. The average mobile MAUs in Q2 increased by 15.4% to 58.4 million from 50.6 million in Q2 2019.
Douyu’s quarterly average paying users in the second quarter of 2020 increased by 13.4% to 7.6 million from 6.7 million in Q2 2019.
Its competitor Huya, who’s also Tencent’s, saw its average mobile MAUs in Q2 2020 reach 75.6 million, representing an increase of 35.2% from 55.9 million in Q2 2019. Its average MAUs of Huya Live in Q2 2020 reached 168.5 million, representing an increase of 17.1% from 143.9 million in Q2 2019.
The total number of paying users of Huya Live in Q2 of 2020 reached 6.2 million, representing an increase of 26.5% from 4.9 million in Q2 2019.
China gaming revenues rose 25% in Q1 2020
Douyu’s Financial Highlights
Total net revenues in Q2 2020 increased by 33.9% to RMB2,508.2 million (US$354.4 million) from RMB1,872.7 million in Q2 2019.
Gross profit in Q2 2020 increased by 73.7% to RMB522.9 million (US$73.9 million) from RMB301.1 million in Q2 2019, implying a gross margin of 20.8% in Q2 2020, compared with 16.1% in Q2 2019.
Net income in Q2 2020 was RMB319.3 million (US$45.1 million), compared with RMB23.2 million in Q2 2019, implying a net margin of 12.7%, compared with 1.2% in Q2 2019.
Adjusted net income in Q2 2020 was RMB322.9 million (US$45.6 million), compared with RMB52.6 million in Q2 2019, implying an adjusted net margin of 12.9% in Q2 2020, compared with 2.8% in Q2 2019.
Average MAUs in Q2 2020 were 165.3 million, compared with 162.8 million in Q2 2019.
Huya’s Financial Highlights
Total net revenues for the second quarter of 2020 increased by 34.2% to RMB2,697.2 million (US$381.8 million), from RMB2,010.5 million for the same period of 2019.
Net income attributable to HUYA Inc. was RMB226.8 million (US$32.1 million) for the second quarter of 2020, representing an increase of 86.2% from RMB121.8 million for the same period of 2019.
Non-GAAP net income attributable to HUYA Inc was RMB351.0 million (US$49.7 million) for the second quarter of 2020, representing an increase of 106.0% from RMB170.4 million for the same period of 2019.
