DouYu International Holdings (DOYU) Operating Expenses (2018 - 2026)
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.
Analysis
DouYu International Holdings (DOYU) Operating Expenses (2018 - 2026) 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.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,083.83 Bn | 3,654.79 Bn | 73.85 Bn | 79.03 Bn |
| 2 | Meta Platforms | 1,456.07 Bn | 1,365.81 Bn | 49.47 Bn | 42.03 Bn |
| 3 | Spotify Technology | 111.71 Bn | 104.79 Bn | 1.86 Bn | 640.46 Mn |
| 4 | Nebius | 50.03 Bn | 40.93 Bn | 448.70 Mn | 758.20 Mn |
| 5 | 28.44 Bn | 25.65 Bn | 734.60 Mn | 573.19 Mn | |
| 6 | Bilibili | 13.59 Bn | 11.45 Bn | 433.97 Mn | -379.21 Mn |
| 7 | Tencent Music Entertainment | 12.71 Bn | 9.21 Bn | 582.00 Mn | -191.00 Mn |
| 8 | 12.21 Bn | 10.93 Bn | 922.30 Mn | 1.23 Bn | |
| 9 | Match | 9.45 Bn | 8.86 Bn | 648.84 Mn | 607.66 Mn |
| 10 | DouYu International Holdings | 130.07 Mn | -338.25 Bn | 23.44 Mn | -26.58 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -26.58 Mn |
| Mar 31, 2026 | -15.54 Mn |
| 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 |