DouYu International Holdings (DOYU) Operating Expenses (2018 - 2025)
DouYu International Holdings' (DOYU) quarterly Operating Expenses came in at -$16.2 million in Q4 2025, up 53.33% YoY from -$10.6 million in Q4 2024, and down 10.7% on a QoQ basis from -$14.6 million in Q3 2025.
DouYu International Holdings (DOYU) Operating Expenses (2018 - 2025) Analysis & Trends
DouYu International Holdings (DOYU) has 8 years of Operating Expenses data on file, last reported at -$16.2 million in Q4 2025.
- Quarterly Operating Expenses rose 53.33% year-over-year to -$16.2 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was -$67.9 million (up 44.82% YoY) and the FY2025 annual result came in at $69.3 million, down 43.62% from the prior year.
- Operating Expenses declined to -$16.2 million in Q4 2025, from -$14.6 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of -$14.6 million in Q3 2025 to a low of -$78.0 million in Q2 2021.
- A 5-year average of -$37.8 million and a median of -$34.7 million in 2023 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2021 — Operating Expenses sank 94.48% — and 2025, when it surged 53.33%.
- Tracing DOYU's Operating Expenses over 5 years: 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.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,165.61 Bn | 3,736.57 Bn | 73.85 Bn | 79.03 Bn |
| 2 | Meta Platforms | 1,523.46 Bn | 1,433.20 Bn | 49.47 Bn | 42.03 Bn |
| 3 | Taboola.com | 1,141.85 Bn | 1,141.71 Bn | 139.48 Mn | 132.22 Mn |
| 4 | Baidu | 288.34 Bn | 283.85 Bn | 1.88 Mn | 4.19 Bn |
| 5 | Spotify Technology | 103.44 Bn | 93.20 Bn | 1.75 Bn | 512.79 Mn |
| 6 | Joyy | 77.39 Bn | 76.50 Bn | 205.64 Mn | -187.82 Mn |
| 7 | BILI Social International | 60.58 Bn | 60.58 Bn | 405,933.00 | 303,858.00 |
| 8 | Nebius | 50.20 Bn | 40.57 Bn | 295.20 Mn | 527.00 Mn |
| 9 | 30.00 Bn | 27.22 Bn | 734.60 Mn | 573.19 Mn | |
| 10 | DouYu International Holdings | 139.28 Mn | -179.60 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 |