vs
斗鱼（DOYU）与Match Group（MTCH）财务数据对比。点击上方公司名可切换其他公司
Match Group的季度营收约是斗鱼的6.0倍（$878.0M vs $147.1M）
斗鱼国际控股有限公司运营中国头部游戏直播平台，核心业务涵盖电竞赛事直播、休闲游戏实况、泛娱乐互动内容放送等，核心用户以年轻游戏爱好者为主，主要收入来源于观众虚拟打赏、品牌广告合作及付费会员服务。
美国互联网科技企业Match Group总部位于得克萨斯州达拉斯，旗下拥有全球规模最大的在线约会服务品牌矩阵，运营Tinder、Hinge、Plenty of Fish等多款全球知名约会产品。2020年7月公司从IAC分拆为独立上市公司，截至2019年全球付费订阅用户达930万，其中近半数来自北美地区。
DOYU vs MTCH — 直观对比
营收规模更大
MTCH
是对方的6.0倍
$147.1M
损益表 — Q2 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $147.1M | $878.0M |
| 净利润 | — | $209.7M |
| 毛利率 | 13.5% | 74.7% |
| 营业利润率 | — | 32.4% |
| 净利率 | — | 23.9% |
| 营收同比 | — | 2.1% |
| 净利润同比 | — | 32.5% |
| 每股收益（稀释后） | — | $0.83 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收DOYUMTCH
| Q4 25 | — | $878.0M | ||
| Q3 25 | — | $914.3M | ||
| Q2 25 | $147.1M | $863.7M | ||
| Q1 25 | $130.5M | $831.2M | ||
| Q4 24 | — | $860.2M | ||
| Q3 24 | — | $895.5M | ||
| Q2 24 | $142.0M | $864.1M | ||
| Q1 24 | $144.0M | $859.6M |
净利润DOYUMTCH
| Q4 25 | — | $209.7M | ||
| Q3 25 | — | $160.8M | ||
| Q2 25 | — | $125.5M | ||
| Q1 25 | $-11.0M | $117.6M | ||
| Q4 24 | — | $158.3M | ||
| Q3 24 | — | $136.5M | ||
| Q2 24 | $-6.8M | $133.3M | ||
| Q1 24 | $-12.2M | $123.2M |
毛利率DOYUMTCH
| Q4 25 | — | 74.7% | ||
| Q3 25 | — | 73.0% | ||
| Q2 25 | 13.5% | 72.0% | ||
| Q1 25 | 12.0% | 71.5% | ||
| Q4 24 | — | 72.5% | ||
| Q3 24 | — | 71.7% | ||
| Q2 24 | 8.2% | 71.6% | ||
| Q1 24 | 10.5% | 70.1% |
营业利润率DOYUMTCH
| Q4 25 | — | 32.4% | ||
| Q3 25 | — | 24.2% | ||
| Q2 25 | — | 22.5% | ||
| Q1 25 | -2.8% | 20.8% | ||
| Q4 24 | — | 26.0% | ||
| Q3 24 | — | 23.5% | ||
| Q2 24 | -11.6% | 23.7% | ||
| Q1 24 | -16.1% | 21.5% |
净利率DOYUMTCH
| Q4 25 | — | 23.9% | ||
| Q3 25 | — | 17.6% | ||
| Q2 25 | — | 14.5% | ||
| Q1 25 | -8.4% | 14.1% | ||
| Q4 24 | — | 18.4% | ||
| Q3 24 | — | 15.2% | ||
| Q2 24 | -4.8% | 15.4% | ||
| Q1 24 | -8.5% | 14.3% |
每股收益（稀释后）DOYUMTCH
| Q4 25 | — | $0.83 | ||
| Q3 25 | — | $0.62 | ||
| Q2 25 | — | $0.49 | ||
| Q1 25 | — | $0.44 | ||
| Q4 24 | — | $0.59 | ||
| Q3 24 | — | $0.51 | ||
| Q2 24 | — | $0.48 | ||
| Q1 24 | — | $0.44 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $214.4M | $1.0B |
| 总债务越低越好 | — | $3.5B |
| 股东权益账面价值 | $279.9M | $-253.5M |
| 总资产 | $448.1M | $4.5B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资DOYUMTCH
| Q4 25 | — | $1.0B | ||
| Q3 25 | — | $1.1B | ||
| Q2 25 | $214.4M | $340.4M | ||
| Q1 25 | $35.2M | $414.2M | ||
| Q4 24 | — | $970.7M | ||
| Q3 24 | — | $860.9M | ||
| Q2 24 | $558.8M | $843.6M | ||
| Q1 24 | $70.7M | $920.9M |
总债务DOYUMTCH
| Q4 25 | — | $3.5B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $3.4B | ||
| Q4 24 | — | $3.8B | ||
| Q3 24 | — | $3.8B | ||
| Q2 24 | — | $3.8B | ||
| Q1 24 | — | $3.8B |
股东权益DOYUMTCH
| Q4 25 | — | $-253.5M | ||
| Q3 25 | — | $-223.9M | ||
| Q2 25 | $279.9M | $-230.9M | ||
| Q1 25 | $37.4M | $-182.7M | ||
| Q4 24 | — | $-63.7M | ||
| Q3 24 | — | $-88.5M | ||
| Q2 24 | $895.6M | $-130.2M | ||
| Q1 24 | $126.4M | $-107.8M |
总资产DOYUMTCH
| Q4 25 | — | $4.5B | ||
| Q3 25 | — | $4.5B | ||
| Q2 25 | $448.1M | $3.9B | ||
| Q1 25 | $60.8M | $3.9B | ||
| Q4 24 | — | $4.5B | ||
| Q3 24 | — | $4.4B | ||
| Q2 24 | $1.1B | $4.4B | ||
| Q1 24 | $156.2M | $4.4B |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | — | $322.8M |
| 自由现金流经营现金流 - 资本支出 | — | $308.1M |
| 自由现金流率自由现金流/营收 | — | 35.1% |
| 资本支出强度资本支出/营收 | — | 1.7% |
| 现金转化率经营现金流/净利润 | — | 1.54× |
| 过去12个月自由现金流最近4个季度 | — | $1.0B |
8季度趋势，按日历期对齐
经营现金流DOYUMTCH
| Q4 25 | — | $322.8M | ||
| Q3 25 | — | $320.6M | ||
| Q2 25 | — | $243.8M | ||
| Q1 25 | — | $193.1M | ||
| Q4 24 | — | $254.7M | ||
| Q3 24 | — | $264.9M | ||
| Q2 24 | — | $129.0M | ||
| Q1 24 | — | $284.1M |
自由现金流DOYUMTCH
| Q4 25 | — | $308.1M | ||
| Q3 25 | — | $306.8M | ||
| Q2 25 | — | $231.0M | ||
| Q1 25 | — | $177.7M | ||
| Q4 24 | — | $247.1M | ||
| Q3 24 | — | $251.8M | ||
| Q2 24 | — | $116.3M | ||
| Q1 24 | — | $266.9M |
自由现金流率DOYUMTCH
| Q4 25 | — | 35.1% | ||
| Q3 25 | — | 33.6% | ||
| Q2 25 | — | 26.7% | ||
| Q1 25 | — | 21.4% | ||
| Q4 24 | — | 28.7% | ||
| Q3 24 | — | 28.1% | ||
| Q2 24 | — | 13.5% | ||
| Q1 24 | — | 31.0% |
资本支出强度DOYUMTCH
| Q4 25 | — | 1.7% | ||
| Q3 25 | — | 1.5% | ||
| Q2 25 | — | 1.5% | ||
| Q1 25 | — | 1.9% | ||
| Q4 24 | — | 0.9% | ||
| Q3 24 | — | 1.5% | ||
| Q2 24 | — | 1.5% | ||
| Q1 24 | — | 2.0% |
现金转化率DOYUMTCH
| Q4 25 | — | 1.54× | ||
| Q3 25 | — | 1.99× | ||
| Q2 25 | — | 1.94× | ||
| Q1 25 | — | 1.64× | ||
| Q4 24 | — | 1.61× | ||
| Q3 24 | — | 1.94× | ||
| Q2 24 | — | 0.97× | ||
| Q1 24 | — | 2.31× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
DOYU
暂无分部数据
MTCH
| Tinder Segment | $479.3M | 55% |
| Hinge Segment | $186.5M | 21% |
| Evergreen And Emerging Segment | $148.1M | 17% |
| MG Asia Segment | $65.8M | 7% |
