Comprehensive Stock Comparison
Compare DouYu International Holdings Limited (DOYU) vs JOYY Inc. (JOYY) Stock
Analyze side-by-side fundamentals, valuation, growth, and profitability to decide which stock is the better buy.
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Quick Verdict
| Category | Winner | Why |
|---|---|---|
| Growth | JOYY | -1.3% revenue growth vs DOYU's -22.8% |
| Value | JOYY | Lower P/E (1.6x vs 2.9x) |
| Quality / Margins | DOYU | -4.8% net margin vs JOYY's -6.5% |
| Stability / Safety | JOYY | Beta 0.51 vs DOYU's 0.97 |
| Dividends | DOYU | 20.3% yield; 2-year raise streak; JOYY pays no meaningful dividend |
| Momentum (1Y) | JOYY | +35.3% vs DOYU's -33.6% |
| Efficiency (ROA) | JOYY | -1.9% ROA vs DOYU's -6.3%, ROIC -6.7% vs -15.4% |
Who Each Stock Is For
Income & stability
Growth exposure
Long-term compounding (10Y)
Sleep-well-at-night portfolio
Defensive / Recession hedge
Business Model
What each company does and how it makes money
DouYu operates a leading Chinese interactive games and entertainment live streaming platform that connects gamers, streamers, and viewers. It generates revenue primarily through virtual gifting from viewers to streamers — taking a commission — along with advertising and game distribution services. The company benefits from network effects within China's gaming ecosystem and its established relationships with top streamers and eSports organizations.
JOYY operates a portfolio of social media platforms centered around live streaming, short-form video, and casual gaming. It generates revenue primarily through virtual gifting on its Bigo Live platform—where viewers purchase digital gifts for creators—alongside advertising and in-app purchases across its other apps. The company's competitive advantage lies in its deep penetration of emerging markets—particularly Southeast Asia and the Middle East—where it has established strong local network effects.
Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
Financial Metrics Comparison
Side-by-side fundamentals across 2 stocks. BestLagging
Financial Scorecard
JOYY leads in 3 of 6 categories (Profitability & Efficiency, Total Returns). DOYU leads in 2 (Financial Metrics, Analyst Outlook). 1 tied.
Financial Metrics (TTM)
DOYU is the larger business by revenue, generating $4.2B annually — 1.9x JOYY's $2.2B. Profitability is closely matched — net margins range from -4.8% (DOYU) to -6.5% (JOYY). On growth, DOYU holds the edge at +2.1% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | DOYUDouYu Internation… | JOYYJOYY Inc. |
|---|---|---|
| RevenueTrailing 12 months | $4.2B | $2.2B |
| EBITDAEarnings before interest/tax | -$275M | -$317M |
| Net IncomeAfter-tax profit | -$202M | -$146M |
| Free Cash FlowCash after capex | $0 | $0 |
| Gross MarginGross profit ÷ Revenue | +9.2% | +36.0% |
| Operating MarginEBIT ÷ Revenue | -7.1% | -18.1% |
| Net MarginNet income ÷ Revenue | -4.8% | -6.5% |
| FCF MarginFCF ÷ Revenue | -5.9% | +10.0% |
| Rev. Growth (YoY)Latest quarter vs prior year | +2.1% | -3.6% |
| EPS Growth (YoY)Latest quarter vs prior year | +181.3% | -9.2% |
Valuation Metrics
| Metric | DOYUDouYu Internation… | JOYYJOYY Inc. |
|---|---|---|
| Market CapShares × price | $148M | $20.4B |
| Enterprise ValueMkt cap + debt − cash | $1M | $20.0B |
| Trailing P/EPrice ÷ TTM EPS | -34.55x | -24.04x |
| Forward P/EPrice ÷ next-FY EPS est. | 2.92x | 1.61x |
| PEG RatioP/E ÷ EPS growth rate | — | — |
| EV / EBITDAEnterprise value multiple | — | — |
| Price / SalesMarket cap ÷ Revenue | 0.24x | 9.12x |
| Price / BookPrice ÷ Book value/share | 2.45x | 0.76x |
| Price / FCFMarket cap ÷ FCF | — | 91.04x |
Profitability & Efficiency
JOYY delivers a -3.1% return on equity — every $100 of shareholder capital generates $-3 in annual profit, vs $-10 for DOYU. DOYU carries lower financial leverage with a 0.00x debt-to-equity ratio, signaling a more conservative balance sheet compared to JOYY's 0.01x. On the Piotroski fundamental quality scale (0–9), JOYY scores 6/9 vs DOYU's 3/9, reflecting solid financial health.
| Metric | DOYUDouYu Internation… | JOYYJOYY Inc. |
|---|---|---|
| ROE (TTM)Return on equity | -10.1% | -3.1% |
| ROA (TTM)Return on assets | -6.3% | -1.9% |
| ROICReturn on invested capital | -15.4% | -6.7% |
| ROCEReturn on capital employed | -10.3% | -7.9% |
| Piotroski ScoreFundamental quality 0–9 | 3 | 6 |
| Debt / EquityFinancial leverage | 0.00x | 0.01x |
| Net DebtTotal debt minus cash | -$1.0B | -$414M |
| Cash & Equiv.Liquid assets | $1.0B | $445M |
| Total DebtShort + long-term debt | $16M | $31M |
| Interest CoverageEBIT ÷ Interest expense | — | 30.37x |
Total Returns (with DRIP)
A $10,000 investment in JOYY five years ago would be worth $6,069 today (with dividends reinvested), compared to $1,709 for DOYU. Over the past 12 months, JOYY leads with a +35.3% total return vs DOYU's -33.6%. The 3-year compound annual growth rate (CAGR) favors JOYY at 28.9% vs DOYU's 22.9% — a key indicator of consistent wealth creation.
| Metric | DOYUDouYu Internation… | JOYYJOYY Inc. |
|---|---|---|
| YTD ReturnYear-to-date | -28.9% | -2.0% |
| 1-Year ReturnPast 12 months | -33.6% | +35.3% |
| 3-Year ReturnCumulative with dividends | +85.6% | +114.3% |
| 5-Year ReturnCumulative with dividends | -82.9% | -39.3% |
| 10-Year ReturnCumulative with dividends | -78.7% | +39.0% |
| CAGR (3Y)Annualised 3-year return | +22.9% | +28.9% |
Risk & Volatility
JOYY is the less volatile stock with a 0.51 beta — it tends to amplify market swings less than DOYU's 0.97 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. JOYY currently trades 88.1% from its 52-week high vs DOYU's 49.3% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | DOYUDouYu Internation… | JOYYJOYY Inc. |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.97x | 0.51x |
| 52-Week HighHighest price in past year | $9.93 | $70.96 |
| 52-Week LowLowest price in past year | $4.28 | $37.53 |
| % of 52W HighCurrent price vs 52-week peak | +49.3% | +88.1% |
| RSI (14)Momentum oscillator 0–100 | 15.3 | 41.1 |
| Avg Volume (50D)Average daily shares traded | 38K | 339K |
Analyst Outlook
Wall Street rates DOYU as "Hold" and JOYY as "Buy". Consensus price targets imply 84.3% upside for DOYU (target: $9) vs 5.6% for JOYY (target: $66). DOYU is the only dividend payer here at 20.33% yield — a key consideration for income-focused portfolios.
| Metric | DOYUDouYu Internation… | JOYYJOYY Inc. |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Hold | Buy |
| Price TargetConsensus 12-month target | $9.03 | $66.00 |
| # AnalystsCovering analysts | 7 | 5 |
| Dividend YieldAnnual dividend ÷ price | +20.3% | — |
| Dividend StreakConsecutive years of raises | 2 | 0 |
| Dividend / ShareAnnual DPS | $6.82 | — |
| Buyback YieldShare repurchases ÷ mkt cap | +10.4% | +1.3% |
Historical Charts
Charts are rendered on first load. Hover for details.
Chart 1Total Return — 5 Years (Rebased to 100)
| Stock | Feb 20 | Feb 26 | Change |
|---|---|---|---|
| DouYu International… (DOYU) | 100 | 7.98 | -92.0% |
| JOYY Inc. (JOYY) | 100 | 113.75 | +13.7% |
JOYY Inc. (JOYY) returned -39% over 5 years vs DouYu International… (DOYU)'s -83%.
Chart 2Revenue Growth — 10 Years
| Stock | 2015 | 2024 | Change |
|---|---|---|---|
| DouYu International… (DOYU) | $787M | $4.3B | +442.8% |
| JOYY Inc. (JOYY) | $908M | $2.2B | +146.3% |
JOYY Inc.'s revenue grew from $908M (2015) to $2.2B (2024) — a 10.5% CAGR.
Chart 3Net Margin Trend — 10 Years
| Stock | 2015 | 2024 | Change |
|---|---|---|---|
| DouYu International… (DOYU) | -99.5% | -7.0% | +93.0% |
| JOYY Inc. (JOYY) | 17.5% | -6.5% | -137.3% |
JOYY Inc.'s net margin went from 18% (2015) to -7% (2024).
Chart 4P/E Ratio History — 6 Years
| Stock | 2017 | 2023 | Change |
|---|---|---|---|
| DouYu International… (DOYU) | 83 | 86.4 | +4.1% |
| JOYY Inc. (JOYY) | 17.7 | 8.3 | -53.1% |
DouYu International Holdings Limited has traded in a 75x–86x P/E range over 3 years; current trailing P/E is ~-35x. JOYY Inc. has traded in a 5x–20x P/E range over 6 years; current trailing P/E is ~-24x.
Chart 5EPS Growth — 10 Years
| Stock | 2015 | 2024 | Change |
|---|---|---|---|
| DouYu International… (DOYU) | -9.09 | -0.97 | +89.3% |
| JOYY Inc. (JOYY) | 2.8 | -2.6 | -192.9% |
JOYY Inc.'s EPS grew from $2.80 (2015) to $-2.60 (2024) — a NaN% CAGR.
Chart 6Free Cash Flow — 5 Years
DouYu International Holdings Limited generated $-252M FCF in 2024 (+64% vs 2021). JOYY Inc. generated $224M FCF in 2024 (+778% vs 2021).
DOYU vs JOYY: Frequently Asked Questions
8 questions · data-driven answers · updated daily
01Is DOYU or JOYY a better buy right now?
Analysts rate JOYY Inc. (JOYY) a "Buy" — based on 5 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which is the better long-term investment — DOYU or JOYY?
Over the past 5 years, JOYY Inc. (JOYY) delivered a total return of -39.3%, compared to -82.9% for DouYu International Holdings Limited (DOYU). A $10,000 investment in JOYY five years ago would be worth approximately $6K today (assuming dividends reinvested). Over 10 years, the gap is even starker: JOYY returned +39.0% versus DOYU's -78.7%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
03Which is safer — DOYU or JOYY?
By beta (market sensitivity over 5 years), JOYY Inc. (JOYY) is the lower-risk stock at 0.51β versus DouYu International Holdings Limited's 0.97β — meaning DOYU is approximately 91% more volatile than JOYY relative to the S&P 500. On balance sheet safety, DouYu International Holdings Limited (DOYU) carries a lower debt/equity ratio of 0% versus 1% for JOYY Inc. — giving it more financial flexibility in a downturn.
04Which has better profit margins — DOYU or JOYY?
JOYY Inc. (JOYY) is the more profitable company, earning -6.5% net margin versus -7.0% for DouYu International Holdings Limited — meaning it keeps -6.5% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: DOYU leads at -13.2% versus -18.1% for JOYY. At the gross margin level — before operating expenses — JOYY leads at 36.0%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
05Is DOYU or JOYY more undervalued right now?
On forward earnings alone, JOYY Inc. (JOYY) trades at 1.6x forward P/E versus 2.9x for DouYu International Holdings Limited — 1.3x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for DOYU: 84.3% to $9.03.
06Which pays a better dividend — DOYU or JOYY?
In this comparison, DOYU (20.3% yield) pays a dividend. JOYY does not pay a meaningful dividend and should not be held primarily for income.
07Is DOYU or JOYY better for a retirement portfolio?
For long-horizon retirement investors, DouYu International Holdings Limited (DOYU) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0.97), 20.3% yield). Both have compounded well over 10 years (DOYU: -78.7%, JOYY: +39.0%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
08What are the main differences between DOYU and JOYY?
Both stocks operate in the Communication Services sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both. In terms of investment character: DOYU is a small-cap income-oriented stock; JOYY is a mid-cap quality compounder stock. DOYU pays a dividend while JOYY does not, making them suitable for different income and tax situations. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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