DouYu International Holdings Limited (NASDAQ:DOYU) Q1 2024 Earnings Call Transcript June 5, 2024 7:00 AM ET

Company Participants

Lingling Kong - IR Director
Hao Cao - Vice President of Finance

Conference Call Participants

Lei Zhang - Bank of America Merrill Lynch
Thomas Chong - Jefferies
Ritchie Sun - HSBC
Raphael Chen - BOCI Research

Operator

Ladies and gentlemen, good morning, and good evening. Thank you, and welcome to DouYu International Holdings Limited's First Quarter 2024 Earnings Conference Call. At this time, all participants are in the listen-only mode. We will be hosting a question-and-answer session after the management's prepared remarks.

I will now turn the call over to the first speaker today, Ms. Lingling Kong, IR director at DouYu. Please go ahead ma'am.

Lingling Kong

Thank you. Hello everyone. Welcome to our first quarter 2024 earnings call. Joining us today are Mr. Mingming Su, Chief Strategy Officer; Mr. Hao Cao, Vice President of Finance; and Ms. Simin Ren, Vice President from the Interim Management Committee. You can refer to our first quarter 2024 financial results on our IR website at ir.doyu.com. You can also check a replay of this call when it becomes available in a few hours on our IR website.

Before we start, please note that this call may contain forward-looking statements made pursuant to the Safe Harbor provision for the Private Security Litigation Reform Act of 1995. These forward-looking statements are based on management current expectations and observations that involve known and unknown risks, uncertainties, and other factors not under the company's control, which may cause actual results, performance, or achievements of the company to be materially different from the results, performance, or expectations implied by this forward-looking statement. All forward-looking statements are expressly qualified in their entirety by the cautionary statement, risk factors, and details of the company's filing with the SEC. The company undertakes no duty to revise or update any forward-looking statements for selected events or circumstances after the date of this conference call.

I will now speak on behalf of our Interim Management Committee on business update and the call will be handed over to our Vice President of Finance, Mr. Hao Cao, for financial discussion.

Presented with another period of challenging market conditions, in the first quarter we focused on leveraging our company's key strengths and improving our revenue structure by strengthening our cooperation with game developers. At the same time, we [bolstered] (ph) our streamlined operations by optimizing our organizational structure and user strategy. As always, we remain committed to fostering a healthy, vibrant, game-centric content ecosystem. Throughout the period, we diligently enhanced compliance standards and practices across the platform, meeting our co-user's needs by providing them with more premium content, enrich the gaming services, and improved user experiences.