Citi analyst Nelson Cheung lowered the firm's price target on DouYu to $7 from $10.50 and keeps a Neutral rating on the shares following the Q1 report. The firm's sales missed estimates due to the continued scale-back of live-streaming, the analyst tells investors in a research note. The firm says that going into the rest of 2025, DouYu will likely continue to de-prioritize its live-streaming business with focus on diversifying revenue streams.
