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Side-by-side financial comparison of DouYu International Holdings Ltd (DOYU) and Flutter Entertainment plc (FLUT). Click either name above to swap in a different company.

Flutter Entertainment plc is the larger business by last-quarter revenue ($4.7B vs $147.1M, roughly 32.2× DouYu International Holdings Ltd).

DouYu International Holdings Ltd operates a leading live streaming platform centered on video game and esports content primarily in mainland China. It offers interactive live streams covering professional esports tournaments, casual gaming content, and variety entertainment, targeting young gaming enthusiasts as its core user base, with main revenue streams including virtual gifting, advertising, and paid memberships.

Flutter Entertainment plc is an Irish-American multinational sports betting and gambling company. It is listed on the New York Stock Exchange and has a secondary listing on the London Stock Exchange. It owns brands such as Betfair, FanDuel, Paddy Power, PokerStars, Sky Betting & Gaming, and Sportsbet. Flutter is the world's largest online betting company.

DOYU vs FLUT — Head-to-Head

Bigger by revenue
FLUT
FLUT
32.2× larger
FLUT
$4.7B
$147.1M
DOYU

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
DOYU
DOYU
FLUT
FLUT
Revenue
$147.1M
$4.7B
Net Profit
$10.0M
Gross Margin
13.5%
44.5%
Operating Margin
5.4%
Net Margin
0.2%
Revenue YoY
24.9%
Net Profit YoY
-93.6%
EPS (diluted)
$0.00

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
DOYU
DOYU
FLUT
FLUT
Q4 25
$4.7B
Q3 25
$3.8B
Q2 25
$147.1M
$4.2B
Q1 25
$130.5M
$3.7B
Q4 24
$3.8B
Q3 24
$3.2B
Q2 24
$142.0M
$3.6B
Q1 24
$144.0M
$3.4B
Net Profit
DOYU
DOYU
FLUT
FLUT
Q4 25
$10.0M
Q3 25
$-789.0M
Q2 25
$37.0M
Q1 25
$-11.0M
$335.0M
Q4 24
$156.0M
Q3 24
$-114.0M
Q2 24
$-6.8M
$297.0M
Q1 24
$-12.2M
$-177.0M
Gross Margin
DOYU
DOYU
FLUT
FLUT
Q4 25
44.5%
Q3 25
42.9%
Q2 25
13.5%
46.8%
Q1 25
12.0%
46.6%
Q4 24
48.2%
Q3 24
46.1%
Q2 24
8.2%
49.2%
Q1 24
10.5%
47.2%
Operating Margin
DOYU
DOYU
FLUT
FLUT
Q4 25
5.4%
Q3 25
-22.0%
Q2 25
9.3%
Q1 25
-2.8%
6.1%
Q4 24
7.4%
Q3 24
3.0%
Q2 24
-11.6%
10.2%
Q1 24
-16.1%
3.7%
Net Margin
DOYU
DOYU
FLUT
FLUT
Q4 25
0.2%
Q3 25
-20.8%
Q2 25
0.9%
Q1 25
-8.4%
9.1%
Q4 24
4.1%
Q3 24
-3.5%
Q2 24
-4.8%
8.2%
Q1 24
-8.5%
-5.2%
EPS (diluted)
DOYU
DOYU
FLUT
FLUT
Q4 25
$0.00
Q3 25
$-3.91
Q2 25
$0.59
Q1 25
$1.57
Q4 24
$0.47
Q3 24
$-0.58
Q2 24
$1.45
Q1 24
$-1.10

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
DOYU
DOYU
FLUT
FLUT
Cash + ST InvestmentsLiquidity on hand
$214.4M
$1.8B
Total DebtLower is stronger
$12.3B
Stockholders' EquityBook value
$279.9M
$9.0B
Total Assets
$448.1M
$29.3B
Debt / EquityLower = less leverage
1.36×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DOYU
DOYU
FLUT
FLUT
Q4 25
$1.8B
Q3 25
$1.7B
Q2 25
$214.4M
$1.7B
Q1 25
$35.2M
$1.5B
Q4 24
$1.5B
Q3 24
$1.5B
Q2 24
$558.8M
$1.5B
Q1 24
$70.7M
$1.4B
Total Debt
DOYU
DOYU
FLUT
FLUT
Q4 25
$12.3B
Q3 25
$12.1B
Q2 25
$10.0B
Q1 25
$6.8B
Q4 24
$6.7B
Q3 24
$6.9B
Q2 24
$6.8B
Q1 24
$6.8B
Stockholders' Equity
DOYU
DOYU
FLUT
FLUT
Q4 25
$9.0B
Q3 25
$9.2B
Q2 25
$279.9M
$10.2B
Q1 25
$37.4M
$9.9B
Q4 24
$9.3B
Q3 24
$10.2B
Q2 24
$895.6M
$9.9B
Q1 24
$126.4M
$9.5B
Total Assets
DOYU
DOYU
FLUT
FLUT
Q4 25
$29.3B
Q3 25
$29.3B
Q2 25
$448.1M
$29.9B
Q1 25
$60.8M
$24.8B
Q4 24
$24.5B
Q3 24
$25.5B
Q2 24
$1.1B
$24.3B
Q1 24
$156.2M
$24.4B
Debt / Equity
DOYU
DOYU
FLUT
FLUT
Q4 25
1.36×
Q3 25
1.31×
Q2 25
0.97×
Q1 25
0.69×
Q4 24
0.72×
Q3 24
0.67×
Q2 24
0.69×
Q1 24
0.72×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
DOYU
DOYU
FLUT
FLUT
Operating Cash FlowLast quarter
$428.0M
Free Cash FlowOCF − Capex
$392.0M
FCF MarginFCF / Revenue
8.3%
Capex IntensityCapex / Revenue
0.8%
Cash ConversionOCF / Net Profit
42.80×
TTM Free Cash FlowTrailing 4 quarters
$1.1B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DOYU
DOYU
FLUT
FLUT
Q4 25
$428.0M
Q3 25
$209.0M
Q2 25
$359.0M
Q1 25
$188.0M
Q4 24
$652.0M
Q3 24
$290.0M
Q2 24
$323.0M
Q1 24
$337.0M
Free Cash Flow
DOYU
DOYU
FLUT
FLUT
Q4 25
$392.0M
Q3 25
$196.0M
Q2 25
$322.0M
Q1 25
$169.0M
Q4 24
$595.0M
Q3 24
$253.0M
Q2 24
$295.0M
Q1 24
$315.0M
FCF Margin
DOYU
DOYU
FLUT
FLUT
Q4 25
8.3%
Q3 25
5.2%
Q2 25
7.7%
Q1 25
4.6%
Q4 24
15.7%
Q3 24
7.8%
Q2 24
8.2%
Q1 24
9.3%
Capex Intensity
DOYU
DOYU
FLUT
FLUT
Q4 25
0.8%
Q3 25
0.3%
Q2 25
0.9%
Q1 25
0.5%
Q4 24
1.5%
Q3 24
1.1%
Q2 24
0.8%
Q1 24
0.6%
Cash Conversion
DOYU
DOYU
FLUT
FLUT
Q4 25
42.80×
Q3 25
Q2 25
9.70×
Q1 25
0.56×
Q4 24
4.18×
Q3 24
Q2 24
1.09×
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

DOYU
DOYU

Segment breakdown not available.

FLUT
FLUT

Other$2.6B55%
Sports Book$1.5B32%
Igaming$586.0M12%
Service Other$59.0M1%

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