DouYu International Holdings (DOYU) Gross Margin (2018 - 2026)
DouYu International Holdings' (DOYU) quarterly Gross Margin came in at 12.84% in Q4 2025, up 670.0% YoY from 1.67% in Q4 2024, and down 0.54% on a QoQ basis from 12.91% in Q3 2025.
Analysis
DouYu International Holdings (DOYU) Gross Margin (2018 - 2026) Analysis & Trends
DouYu International Holdings (DOYU) has 8 years of Gross Margin data on file, last reported at 12.84% in Q4 2025.
- Quarterly Gross Margin rose 670.0% year-over-year to 12.84% in Q4 2025, while the trailing twelve-month figure through Dec 2025 was 12.82% (up 525.0% YoY) and the FY2025 annual result came in at 12.82%, up 524.0% from the prior year.
- Gross Margin slipped to 12.84% in Q4 2025, from 12.91% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 16.86% in Q2 2022 to a low of 5.72% in Q3 2024.
- A 5-year average of 11.71% and a median of 12.04% in 2021 frame the typical range for Gross Margin.
- Annual changes were most pronounced in 2021 — Gross Margin tumbled 924 bps — and 2025, when it jumped 719 bps.
- Tracing DOYU's Gross Margin over 5 years: 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.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,083.83 Bn | 3,654.79 Bn | 73.85 Bn | 61.65% |
| 2 | Meta Platforms | 1,456.07 Bn | 1,365.81 Bn | 49.47 Bn | 81.37% |
| 3 | Spotify Technology | 111.71 Bn | 104.79 Bn | 1.86 Bn | 33.41% |
| 4 | Nebius | 50.03 Bn | 40.93 Bn | 448.70 Mn | 77.06% |
| 5 | 28.44 Bn | 25.65 Bn | 734.60 Mn | 91.27% | |
| 6 | Bilibili | 13.59 Bn | 11.45 Bn | 433.97 Mn | 37.22% |
| 7 | Tencent Music Entertainment | 12.71 Bn | 9.21 Bn | 582.00 Mn | - |
| 8 | 12.21 Bn | 10.93 Bn | 922.30 Mn | 78.18% | |
| 9 | Match | 9.45 Bn | 8.86 Bn | 648.84 Mn | 76.06% |
| 10 | DouYu International Holdings | 130.07 Mn | -338.25 Bn | 23.44 Mn | 16.21% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 16.21% |
| Mar 31, 2026 | 15.74% |
| 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% |