DouYu International Holdings Limited, a prominent game-centric live streaming platform in China, reported its unaudited financial results for the first quarter of 2025. The company posted total net revenues of RMB947.1 million (US$130.5 million), marking a decrease from RMB1,039.7 million in the same period of 2024. Despite the lower revenues, DouYu's gross profit increased by 4.1% to RMB113.5 million (US$15.6 million) from RMB109.0 million in the previous year. The company significantly reduced its loss from operations by 84.3%, reporting RMB26.1 million (US$3.6 million) compared to RMB166.9 million in the first quarter of 2024. Meanwhile, the net loss for the quarter was reduced by 9.5%, amounting to RMB79.6 million (US$11.0 million), down from RMB88.0 million in the same period last year. The adjusted net loss was RMB20.9 million (US$2.9 million), representing a 75.6% decrease from RMB85.7 million in the first quarter of 2024. DouYu's strategic focus on revenue diversification and cost-efficiency initiatives contributed to these financial outcomes. The company saw a strong performance in its innovative business and voice-based social networking segments, with revenues from these areas increasing by 60.2% year-over-year to RMB382.6 million. These segments' contribution to total revenues rose to 40.4%, up from 23.0% in the same period last year. The company also highlighted improvements in its cost structure and operational efficiency, achieving a gross margin of 12.0% in the first quarter, which represents an increase of 5.9 percentage points sequentially and 1.5 percentage points year-over-year. DouYu continues to pursue its strategy of "cost reduction, efficiency improvement and loss narrowing" to enhance financial resilience and foster balanced business growth.