DouYu International Holdings (NASDAQ:DOYU) released its unaudited financial results for the fourth quarter and full year ended December 31, 2025, on March 25, 2026, marking a year of operational stabilization and improved bottom-line performance.
For the fourth quarter of 2025, the Wuhan-based company reported total net revenues of RMB918.8 million.
Gross profit for the period reached RMB118 million, yielding a gross margin of 12.8%.
These figures contributed to a full-year revenue total of RMB3,818.9 million.
Most notably, the company achieved an annual adjusted net income of RMB40.2 million, representing a significant recovery in profitability compared to the previous fiscal year.
The company’s balance sheet remains liquid despite a major capital return to shareholders.
As of December 31, 2025, DouYu held cash and bank deposits totaling RMB2,283.7 million.
This follows the distribution of a US$300 million special cash dividend paid out in February 2025, highlighting management’s efforts to balance operational funding with shareholder returns.