DouYu International Holdings (DOYU) Operating Expenses (2018 - 2025)
DouYu International Holdings (DOYU) reported Operating Expenses of -$16.2 million for Q4 2025, up 53.33% on a YoY basis from -$10.6 million in Q4 2024, and down 10.7% quarter-over-quarter from -$14.6 million in Q3 2025.
DouYu International Holdings (DOYU) Operating Expenses (2018 - 2025) Analysis & Trends
DouYu International Holdings has reported Operating Expenses for 8 years, with the latest figure at -$16.2 million in Q4 2025.
- For the quarter ending Q4 2025, Operating Expenses rose 53.33% year-over-year to -$16.2 million; the trailing twelve-month figure through Dec 2025 stood at -$67.9 million (up 44.82% YoY), and the FY2025 full-year result was $69.3 million, down 43.62% from the prior year.
- Operating Expenses for Q4 2025 stood at -$16.2 million, down from -$14.6 million in the prior quarter.
- The five-year high for Operating Expenses was -$14.6 million in Q3 2025, with the low at -$78.0 million in Q2 2021.
- Historically, Operating Expenses has averaged -$37.8 million across 5 years, with a median of -$34.7 million in 2023.
- Annual changes were most pronounced in 2021 — Operating Expenses sank 94.48% — and 2025, when it surged 53.33%.
- DouYu International Holdings' Operating Expenses stood at -$70.1 million in 2021, then surged by 49.92% to -$35.1 million in 2022, then rose by 1.01% to -$34.7 million in 2023, then climbed by 0.11% to -$34.7 million in 2024, then surged by 53.33% to -$16.2 million in 2025.
- The last three Operating Expenses figures came in at -$16.2 million (Q4 2025), -$14.6 million (Q3 2025), and -$17.8 million (Q2 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Nebius | 1,913,603.98 Bn | 1,913,603.98 Bn | 295.20 Mn | 527.00 Mn |
| 2 | Alphabet | 4,425.33 Bn | 4,209.71 Bn | 102.29 Bn | 70.20 Bn |
| 3 | Meta Platforms | 1,502.66 Bn | 1,421.48 Bn | 46.09 Bn | 33.44 Bn |
| 4 | Spotify Technology | 119.69 Bn | 109.44 Bn | 1.75 Bn | 512.79 Mn |
| 5 | 33.22 Bn | 30.45 Bn | 511.94 Mn | 480.50 Mn | |
| 6 | 13.64 Bn | 12.34 Bn | 768.96 Mn | 1.09 Bn | |
| 7 | Kanzhun | 13.02 Bn | 10.92 Bn | 255.62 Bn | -209.66 Bn |
| 8 | Snap | 9.72 Bn | 6.90 Bn | 1.29 Bn | 1.60 Bn |
| 9 | Zillow | 8.26 Bn | 7.48 Bn | 519.00 Mn | 483.00 Mn |
| 10 | DouYu International Holdings | 21.27 Mn | -297.60 Mn | 16.87 Mn | -16.20 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -16.20 Mn |
| Sep 30, 2025 | -14.63 Mn |
| Jun 30, 2025 | -17.83 Mn |
| Mar 31, 2025 | -19.25 Mn |
| Dec 31, 2024 | -34.71 Mn |
| Sep 30, 2024 | -22.09 Mn |
| Jun 30, 2024 | -28.04 Mn |
| Mar 31, 2024 | -38.22 Mn |
| Dec 31, 2023 | -34.75 Mn |
| Sep 30, 2023 | -27.58 Mn |
| Jun 30, 2023 | -27.09 Mn |
| Mar 31, 2023 | -29.67 Mn |
| Dec 31, 2022 | -35.10 Mn |
| Sep 30, 2022 | -36.88 Mn |
| Jun 30, 2022 | -50.70 Mn |
| Mar 31, 2022 | -54.42 Mn |
| Dec 31, 2021 | -70.09 Mn |
| Sep 30, 2021 | -62.50 Mn |
| Jun 30, 2021 | -78.05 Mn |
| Mar 31, 2021 | -58.81 Mn |