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Side-by-side financial comparison of DouYu International Holdings Ltd (DOYU) and Thryv Holdings, Inc. (THRY). Click either name above to swap in a different company.

Thryv Holdings, Inc. is the larger business by last-quarter revenue ($167.7M vs $147.1M, roughly 1.1× 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.

Thryv Holdings, Inc. is a publicly traded software as a service (SaaS) company, providing customer relationship management and online reputation management software for small businesses. It has headquarters in Dallas, Texas, and operates in 48 states across the United States of America with more than 2,400 employees. The company began as a conglomerate of Yellow Pages companies. In June 2020, Thryv reported $1.3 billion in revenue over a twelve-month period.

DOYU vs THRY — Head-to-Head

Bigger by revenue
THRY
THRY
1.1× larger
THRY
$167.7M
$147.1M
DOYU

Income Statement — Q2 FY2025 vs Q1 FY2026

Metric
DOYU
DOYU
THRY
THRY
Revenue
$147.1M
$167.7M
Net Profit
$4.5M
Gross Margin
13.5%
65.2%
Operating Margin
37.3%
Net Margin
2.7%
Revenue YoY
-7.5%
Net Profit YoY
147.2%
EPS (diluted)
$0.10

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
THRY
THRY
Q1 26
$167.7M
Q4 25
$191.6M
Q3 25
$201.6M
Q2 25
$147.1M
$210.5M
Q1 25
$130.5M
$181.4M
Q4 24
$186.6M
Q3 24
$179.9M
Q2 24
$142.0M
$224.1M
Net Profit
DOYU
DOYU
THRY
THRY
Q1 26
$4.5M
Q4 25
$-9.7M
Q3 25
$5.7M
Q2 25
$13.9M
Q1 25
$-11.0M
$-9.6M
Q4 24
$7.9M
Q3 24
$-96.1M
Q2 24
$-6.8M
$5.5M
Gross Margin
DOYU
DOYU
THRY
THRY
Q1 26
65.2%
Q4 25
68.0%
Q3 25
67.7%
Q2 25
13.5%
69.7%
Q1 25
12.0%
65.8%
Q4 24
65.9%
Q3 24
62.3%
Q2 24
8.2%
66.3%
Operating Margin
DOYU
DOYU
THRY
THRY
Q1 26
37.3%
Q4 25
5.3%
Q3 25
9.9%
Q2 25
14.0%
Q1 25
-2.8%
-1.7%
Q4 24
-3.9%
Q3 24
-49.2%
Q2 24
-11.6%
14.0%
Net Margin
DOYU
DOYU
THRY
THRY
Q1 26
2.7%
Q4 25
-5.0%
Q3 25
2.8%
Q2 25
6.6%
Q1 25
-8.4%
-5.3%
Q4 24
4.2%
Q3 24
-53.4%
Q2 24
-4.8%
2.5%
EPS (diluted)
DOYU
DOYU
THRY
THRY
Q1 26
$0.10
Q4 25
$-0.21
Q3 25
$0.13
Q2 25
$0.31
Q1 25
$-0.22
Q4 24
$0.28
Q3 24
$-2.65
Q2 24
$0.15

Balance Sheet & Financial Strength

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

Metric
DOYU
DOYU
THRY
THRY
Cash + ST InvestmentsLiquidity on hand
$214.4M
$8.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$279.9M
$225.4M
Total Assets
$448.1M
$693.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DOYU
DOYU
THRY
THRY
Q1 26
$8.0M
Q4 25
$10.8M
Q3 25
$11.6M
Q2 25
$214.4M
$10.8M
Q1 25
$35.2M
$11.0M
Q4 24
$16.3M
Q3 24
$12.5M
Q2 24
$558.8M
$15.5M
Total Debt
DOYU
DOYU
THRY
THRY
Q1 26
Q4 25
$253.5M
Q3 25
$268.2M
Q2 25
$275.6M
Q1 25
$299.0M
Q4 24
$284.3M
Q3 24
$307.8M
Q2 24
$342.1M
Stockholders' Equity
DOYU
DOYU
THRY
THRY
Q1 26
$225.4M
Q4 25
$218.1M
Q3 25
$221.1M
Q2 25
$279.9M
$214.9M
Q1 25
$37.4M
$193.2M
Q4 24
$196.9M
Q3 24
$94.5M
Q2 24
$895.6M
$183.1M
Total Assets
DOYU
DOYU
THRY
THRY
Q1 26
$693.7M
Q4 25
$688.6M
Q3 25
$701.8M
Q2 25
$448.1M
$687.7M
Q1 25
$60.8M
$703.7M
Q4 24
$712.2M
Q3 24
$654.8M
Q2 24
$1.1B
$785.5M
Debt / Equity
DOYU
DOYU
THRY
THRY
Q1 26
Q4 25
1.16×
Q3 25
1.21×
Q2 25
1.28×
Q1 25
1.55×
Q4 24
1.44×
Q3 24
3.26×
Q2 24
1.87×

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
THRY
THRY
Operating Cash FlowLast quarter
Free Cash FlowOCF − Capex
$-5.5M
FCF MarginFCF / Revenue
-3.3%
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$43.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DOYU
DOYU
THRY
THRY
Q1 26
Q4 25
$22.2M
Q3 25
$22.2M
Q2 25
$29.6M
Q1 25
$-10.5M
Q4 24
$26.1M
Q3 24
$36.0M
Q2 24
$22.2M
Free Cash Flow
DOYU
DOYU
THRY
THRY
Q1 26
$-5.5M
Q4 25
$12.3M
Q3 25
$14.6M
Q2 25
$21.8M
Q1 25
$-17.6M
Q4 24
$17.3M
Q3 24
$27.5M
Q2 24
$13.3M
FCF Margin
DOYU
DOYU
THRY
THRY
Q1 26
-3.3%
Q4 25
6.4%
Q3 25
7.2%
Q2 25
10.4%
Q1 25
-9.7%
Q4 24
9.3%
Q3 24
15.3%
Q2 24
5.9%
Capex Intensity
DOYU
DOYU
THRY
THRY
Q1 26
Q4 25
5.2%
Q3 25
3.8%
Q2 25
3.7%
Q1 25
3.9%
Q4 24
4.7%
Q3 24
4.7%
Q2 24
4.0%
Cash Conversion
DOYU
DOYU
THRY
THRY
Q1 26
Q4 25
Q3 25
3.93×
Q2 25
2.12×
Q1 25
Q4 24
3.32×
Q3 24
Q2 24
4.01×

Financial Flow Comparison

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

Revenue Breakdown by Segment

DOYU
DOYU

Segment breakdown not available.

THRY
THRY

SaaS$116.7M70%
Other$50.9M30%

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