DouYu International Holdings (DOYU) Research & Development (2018 - 2025)
DouYu International Holdings' (DOYU) quarterly Research & Development came in at -$4.8 million in Q4 2025, down 3.33% YoY from -$5.0 million in Q4 2024, and down 28.01% on a QoQ basis from -$3.8 million in Q3 2025.
DouYu International Holdings (DOYU) Research & Development (2018 - 2025) Analysis & Trends
DouYu International Holdings (DOYU) has 8 years of Research & Development data on file, last reported at -$4.8 million in Q4 2025.
- Quarterly Research & Development fell 3.33% year-over-year to -$4.8 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was -$17.0 million (up 32.73% YoY) and the FY2025 annual result came in at $17.3 million, down 30.45% from the prior year.
- Research & Development eased to -$4.8 million in Q4 2025, from -$3.8 million in the prior quarter.
- In the past five years, Research & Development ranged from a high of -$3.8 million in Q3 2025 to a low of -$20.8 million in Q4 2021.
- A 5-year average of -$10.7 million and a median of -$10.0 million in 2023 frame the typical range for Research & Development.
- Annual changes were most pronounced in 2021 — Research & Development sank 42.05% — and 2025, when it jumped 44.14%.
- Tracing DOYU's Research & Development over 5 years: stood at -$20.8 million in 2021, then soared by 43.85% to -$11.7 million in 2022, then gained by 28.77% to -$8.3 million in 2023, then jumped by 43.76% to -$4.7 million in 2024, then decreased by 3.33% to -$4.8 million in 2025.
- The last three Research & Development figures came in at -$4.8 million (Q4 2025), -$3.8 million (Q3 2025), and -$3.9 million (Q2 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,169.37 Bn | 3,740.34 Bn | 73.85 Bn | 18.22 Bn |
| 2 | Meta Platforms | 1,523.99 Bn | 1,433.73 Bn | 49.47 Bn | 21.66 Bn |
| 3 | Taboola.com | 1,150.19 Bn | 1,150.06 Bn | 139.48 Mn | 67.16 Mn |
| 4 | Baidu | 289.04 Bn | 284.55 Bn | 1.88 Mn | 635.00 Mn |
| 5 | Spotify Technology | 102.97 Bn | 92.73 Bn | 1.75 Bn | 387.52 Mn |
| 6 | Joyy | 77.43 Bn | 76.54 Bn | 205.64 Mn | -61.54 Mn |
| 7 | BILI Social International | 60.58 Bn | 60.58 Bn | 405,933.00 | - |
| 8 | Nebius | 49.26 Bn | 39.63 Bn | 295.20 Mn | 67.40 Mn |
| 9 | 30.10 Bn | 27.31 Bn | 734.60 Mn | 231.28 Mn | |
| 10 | DouYu International Holdings | 139.28 Mn | -179.60 Mn | 16.87 Mn | -4.84 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -4.84 Mn |
| Sep 30, 2025 | -3.78 Mn |
| Jun 30, 2025 | -3.85 Mn |
| Mar 31, 2025 | -4.51 Mn |
| Dec 31, 2024 | -4.68 Mn |
| Sep 30, 2024 | -6.16 Mn |
| Jun 30, 2024 | -6.90 Mn |
| Mar 31, 2024 | -7.50 Mn |
| Dec 31, 2023 | -8.32 Mn |
| Sep 30, 2023 | -10.21 Mn |
| Jun 30, 2023 | -9.80 Mn |
| Mar 31, 2023 | -10.53 Mn |
| Dec 31, 2022 | -11.68 Mn |
| Sep 30, 2022 | -11.86 Mn |
| Jun 30, 2022 | -15.21 Mn |
| Mar 31, 2022 | -18.35 Mn |
| Dec 31, 2021 | -20.80 Mn |
| Sep 30, 2021 | -19.12 Mn |
| Jun 30, 2021 | -19.05 Mn |
| Mar 31, 2021 | -16.98 Mn |