DouYu International Holdings (DOYU) Gross Margin (2018 - 2025)
DouYu International Holdings (DOYU) reported Gross Margin of 12.84% for Q4 2025, up 670.0% on a YoY basis from 1.67% in Q4 2024, and down 0.54% quarter-over-quarter from 12.91% in Q3 2025.
DouYu International Holdings (DOYU) Gross Margin (2018 - 2025) Analysis & Trends
DouYu International Holdings has reported Gross Margin for 8 years, with the latest figure at 12.84% in Q4 2025.
- For the quarter ending Q4 2025, Gross Margin rose 670.0% year-over-year to 12.84%; the trailing twelve-month figure through Dec 2025 stood at 12.82% (up 525.0% YoY), and the FY2025 full-year result was 12.82%, up 524.0% from the prior year.
- Gross Margin for Q4 2025 stood at 12.84%, down from 12.91% in the prior quarter.
- The five-year high for Gross Margin was 16.86% in Q2 2022, with the low at 5.72% in Q3 2024.
- Historically, Gross Margin has averaged 11.71% across 5 years, with a median of 12.04% in 2021.
- Annual changes were most pronounced in 2021 — Gross Margin tumbled 924 bps — and 2025, when it jumped 719 bps.
- DouYu International Holdings' Gross Margin stood at 10.51% in 2021, then advanced by 5 bps to 11.07% in 2022, then retreated by 12 bps to 9.74% in 2023, then plunged by 37 bps to 6.14% in 2024, then surged by 109 bps to 12.84% in 2025.
- The last three Gross Margin figures came in at 12.84% (Q4 2025), 12.91% (Q3 2025), and 13.47% (Q2 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Nebius | 1,913,603.98 Bn | 1,913,603.98 Bn | 295.20 Mn | 73.98% |
| 2 | Alphabet | 4,425.33 Bn | 4,209.71 Bn | 102.29 Bn | 93.08% |
| 3 | Meta Platforms | 1,502.66 Bn | 1,421.48 Bn | 46.09 Bn | 81.85% |
| 4 | Spotify Technology | 119.69 Bn | 109.44 Bn | 1.75 Bn | 32.98% |
| 5 | 33.22 Bn | 30.45 Bn | 511.94 Mn | 77.17% | |
| 6 | 13.64 Bn | 12.34 Bn | 768.96 Mn | 76.32% | |
| 7 | Kanzhun | 13.02 Bn | 10.92 Bn | 255.62 Bn | 85.23% |
| 8 | Snap | 9.72 Bn | 6.90 Bn | 1.29 Bn | 84.37% |
| 9 | Zillow | 8.26 Bn | 7.48 Bn | 519.00 Mn | 73.31% |
| 10 | DouYu International Holdings | 21.27 Mn | -297.60 Mn | 16.87 Mn | 12.84% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 12.84% |
| Sep 30, 2025 | 12.91% |
| Jun 30, 2025 | 13.47% |
| Mar 31, 2025 | 11.99% |
| Dec 31, 2024 | 6.14% |
| Sep 30, 2024 | 5.72% |
| Jun 30, 2024 | 8.16% |
| Mar 31, 2024 | 10.49% |
| Dec 31, 2023 | 9.74% |
| Sep 30, 2023 | 14.16% |
| Jun 30, 2023 | 13.57% |
| Mar 31, 2023 | 11.90% |
| Dec 31, 2022 | 11.07% |
| Sep 30, 2022 | 13.97% |
| Jun 30, 2022 | 16.86% |
| Mar 31, 2022 | 13.58% |
| Dec 31, 2021 | 10.51% |
| Sep 30, 2021 | 11.86% |
| Jun 30, 2021 | 13.12% |
| Mar 31, 2021 | 12.09% |