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MarketScreener Homepage  >  Equities  >  Nasdaq  >  DouYu International Holdings Limited    DOYU

DOUYU INTERNATIONAL HOLDINGS LIMITED

(DOYU)
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DouYu International : China's Game Streaming Market to Generate $4.5 Billion Revenue in 2020 as Top Two Gaming Platforms Merge

10/23/2020 | 11:20am EST

According to the research data analyzed and published by SafeBettingSites.com, China's game streaming market will generate $4.5 billion in 2020, up from $3.11 billion in 2019. The space has been on an uptrend. From $1.21 billion in 2017, it is projected to reach $7.44 billion in 2022.

Based on a study made by Newzoo, China will be the top gaming market globally in 2020 with $40.854 billion in revenue. The US will be second with $36.921 billion.

Huya and DouYu Merger to Create $10 Billion Game Streaming Behemoth

iResearch data revealed that the top two streaming services in China soared remarkably. Huya.com saw its revenue shoot up by 79.6% year-over-year (YoY) as DouYu surged by 99.3% YoY.

During Q2 2020, Huya had an average of 168.5 million monthly active users (MAUs). DouYu was close behind with 165.3 million MAUs. Huya made $2.7 billion in revenue in that quarter, up by 34.2% YoY according to Market Beat. On the other hand, DouYu made $2.51 billion, posting a 34% increase YoY.

Tencent mediated a deal that will see the two merge to create an industry giant worth nearly $10 billion. The agreement is set to take effect in H1 2021 and will see the two enjoy a combined user base of over 300 million.

China's game streaming market has about 340 million users. As such, the new entity will have control over 80% of the market. Tencent will have a 67.5% share in the new company as it currently holds a 38% stake in DouYu and is the majority shareholder in Huya. According to Macro Trends, Tencent is worth $691.16 billion as of October 21, 2020. It owns some of the most lucrative gaming titles including PUBG Mobile, Call of Duty and Honor of Kings among others.

The full story, statistics and information can be found here: https://www.safebettingsites.com/blog/2020/10/23/chinas-game-streaming-market-to-generate-4-5-billion-revenue-in-2020-as-top-two-gaming-platforms-merge/

Contact: Nica San Juan

SafeBettingSites.com

St. Magnus House

3 Lower Thames Str

London

EC3R 6HE

janica@finixio.com

.

(C) 2020 M2 COMMUNICATIONS, source M2 PressWIRE

Stocks mentioned in the article
ChangeLast1st jan.
DOUYU INTERNATIONAL HOLDINGS LIMITED 0.07% 14 Delayed Quote.65.05%
TENCENT HOLDINGS LIMITED -0.34% 584 End-of-day quote.55.48%
All news about DOUYU INTERNATIONAL HOLDINGS LIMITED
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10/23DOUYU INTERNATIONAL : China's Game Streaming Market to Generate $4.5 Billion Rev..
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10/12Live-Streaming Companies Huya, DouYu to Merge
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10/12DOUYU INTERNATIONAL HOLDINGS LIMITED : Updates its Financial Guidance
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08/10DOUYU INTERNATIONAL HOLDINGS LIMITED : Reports Second Quarter 2020 Unaudited Fin..
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08/07FACTBOX : WeChat owner Tencent investments in the United States and beyond
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08/05DOUYU INTERNATIONAL HOLDINGS LIMITED : half-yearly earnings release
08/05Tencent in Talks for Merger of DouYu and HUYA, Bloomberg Reports
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08/03MODERN TIMES MTG : DreamHack and ESL expand reach with DouYu streaming deal
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More news
Financials
Sales 2020 9 943 M 1 509 M 1 509 M
Net income 2020 780 M 118 M 118 M
Net cash 2020 9 224 M 1 400 M 1 400 M
P/E ratio 2020 36,6x
Yield 2020 -
Capitalization 29 521 M 4 498 M 4 480 M
EV / Sales 2020 2,04x
EV / Sales 2021 1,57x
Nbr of Employees 1 948
Free-Float 98,1%
Chart DOUYU INTERNATIONAL HOLDINGS LIMITED
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DouYu International Holdings Limited Technical Analysis Chart | DOYU | US25985W1053 | MarketScreener
Technical analysis trends DOUYU INTERNATIONAL HOLDINGS LIMITED
Short TermMid-TermLong Term
TrendsBearishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 8
Average target price 105,83 CNY
Last Close Price 91,82 CNY
Spread / Highest target 26,4%
Spread / Average Target 15,3%
Spread / Lowest Target 4,47%
EPS Revisions
Managers
NameTitle
Wen Ming Zhang Co-Chief Executive Officer & Director
Shao Jie Chen Chairman & Co-Chief Executive Officer
Chao Cheng Chief Operational Officer
Mingming Su Director & Chief Strategy Officer
Hao Cao Director & Vice President
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