China’s game live streaming platform Douyu’s average MAUs increased by 21.3% YoY to 191.9 million while the average mobile MAUs increased by 4.5% to 59.1 million, according to its latest financial results.
The quarterly average paying user count in Q1 2021 decreased by 7.9% to 7.0 million from 7.3 million in Q1 2020.
Total net revenues in Q1 2021 decreased by 5.5% YoY to RMB2,152.7 million (US$328.6 million). Gross profit in the first quarter of 2021 was down 46.4% YoY to RMB260.2 million (US$39.7 million), implying a gross margin of 12.1%.
Douyu increased the investments in content, as it remained focused on improving content production in both video and community businesses.
Douyu’s net loss in Q1 2021 was RMB101.8 million (US$15.5 million), compared with a net income of RMB254.5 million in the same period of 2020. The adjusted net loss was RMB70.7 million (US$10.8 million), compared with an adjusted net income of RMB296.9 million in the same period of 2020.
In comparison, Huya’s average mobile MAUs of Huya Live in Q1 2021 reached 75.5 million, compared with 74.7 million in the first quarter of 2020.
The total number of paying users of Huya Live in Q1 2021 reached 5.9 million, representing a decrease of 3.3% YoY.
China game live streaming revenues to double by 2021
Total net revenues for the first quarter of 2021 increased by 8.0% to RMB2,604.8 million (US$397.6 million), from RMB2,411.9 million for the same period of 2020.
Net income attributable to HUYA Inc. was RMB185.5 million (US$28.3 million) for the first quarter of 2021, representing an increase of 8.4% from RMB171.2 million for the same period of 2020.
Non-GAAP net income attributable to HUYA Inc. was RMB265.9 million (US$40.6 million) for the first quarter of 2021, representing an increase of 0.9% from RMB263.4 million for the same period of 2020.